US reduces Section 232 tariffs on steel/aluminum imports to 15% for agricultural machinery and HVAC equipment. Foreign firms may qualify for 10% rate using American metals.

Global steel production fell by 4.1% month-on-month in April 2026, reaching 153.4 million tons. See the latest data from the World Steel Association.

JSW Steel announces $2.5B investment to boost steel capacity in India, targeting 48.8M tons/year by 2030 amid infrastructure boom.

The EU allocates over €1 billion to 9 hydrogen projects, boosting industry decarbonization and energy security. Projects aim to produce 1.3M tons of clean hydrogen, cutting 9M tons of CO2 emissions.

Iran suspends exports of steel slabs and flat-rolled products until May 2026 due to damaged mills after US-Israel conflict, impacting global supply.

European steelmakers are raising long product and rebar prices as energy, CBAM and EU safeguards tighten supply and support higher offers.