News
The UK government has nationalised British Steel
2+ hour, 26+ min ago (189+ words) News Global Market British Steel Print 265 16 July 2026 The British government has announced that British Steel is to be brought under state ownership. The nationalisation directly affects the steelworks in Scunthorpe, which employs around 2,700 people and on which thousands of jobs…...
Uzbekistan has launched its first hot-rolled sheet production complex
1+ day, 38+ min ago (233+ words) News Global Market Uzbekistan Print 331 15 July 2026 A new $839 million casting and rolling complex has come on stream at the Uzmetkombinat steelworks. This is the country’s first project that will enable the production of hot-rolled sheet steel, which is in high…...
Thyssenkrupp has suspended its own barge transport operations due to low water levels on the Rhine
1+ day, 2+ hour ago (187+ words) News Global Market Thyssenkrupp Print 290 15 July 2026 Analysts warn that record-low water levels on the Rhine — the main waterway for transporting fuel, raw materials and industrial goods — are rapidly driving up freight costs and threatening Germany’s fragile economic recovery. Due to…...
India has agreed to increase the duty-free quota for steel exports to the UK
1+ day, 41+ min ago (329+ words) News Global Market import quotas Print 113 15 July 2026 India has secured an increase in the duty-free steel export quota to the UK as part of a free trade agreement. This was announced to the press by the country’s Secretary for Trade,…...
SSAB resumes construction at its site in Luleå
1+ day, 4+ hour ago (295+ words) The Swedish steel company SSAB has resumed work at the construction site of its plant in Luleå following a hiatus that had lasted since the end of June. This was reported by Dagens Arbete. The hiatus was due to the…...
The Verkhovna Rada has ratified the agreement on a free trade area with Turkey
1+ day, 20+ hour ago (170+ words) News State економіка України Print 240 14 July 2026 On 14 July 2026, the Verkhovna Rada of Ukraine passed a law ratifying the Free Trade Agreement between Ukraine and Turkey, signed on 3 February 2022. This completes the necessary procedures for the agreement to enter into force,…...
Tosyalı has raised €187 million for a solar power development project
1+ day, 22+ hour ago (183+ words) News Infrastructure сонячна енергетика Print 186 14 July 2026 The Spanish bank BBVA has provided the Turkish steel group Tosyalı with €187 million in financing to support the first phase of its solar energy development plan in Turkey. This is according to a statement from…...
The cost of protection: global reactions to the EU’s new steel TRQs
1+ day, 23+ hour ago (1600+ words) Posts Global Market tariffs Print 52 14 July 2026 From the EU’s perspective, the new tariff-rate quotas, or TRQs, are meant to protect the European steel market from global overcapacity, import surges, and trade diversion. The bloc argues that the global steel market…...
The EC has approved €63 billion in aid for France’s offshore wind energy sector
2+ day, 1+ hour ago (257+ words) News Global Market energy Print 201 14 July 2026 The European Commission has approved a €63 billion French government programme aimed at supporting the development of offshore wind energy. The initiative is fully in line with the objectives of the Clean Industrial Deal and…...
Posco and Hyundai are developing innovative electrical steel to improve the efficiency of electric vehicles
5+ day, 21+ hour ago (460+ words) GMK Center - Posco and Hyundai are developing innovative electrical steel to improve the efficiency of electric vehicles The key objective is to produce electrical steel with a silicon content of 6.5 per cent South Korean steel giant Posco has launched a…...