An in-depth analysis of the far-reaching impact of the March 12, 2025 U.S. tariff increase initiative on steel and aluminum on the global economic landscape.

Discover the latest trends in the US steel industry with a 26.5% monthly increase in rolled steel imports in January 2025. Learn about key import sources and product categories.

Latin American steelmakers propose a strategic alliance with the US to defend against unfair trade practices and China’s overcapacity, aiming to create a regional supply chain.

Nucor announced its third HRC price hike in 2025, driven by market revival and new US steel tariffs. The move reflects market tensions and tests consumer response, with experts eyeing end-user reaction.

Global stainless steel production for January-September 2024 has increased by 5.4% compared to the same period in 2023, totaling 46.09 million tons. According to the World Stainless Association, most regions experienced an increase, with notable growth in Europe, the US, and Asia (excluding China and South Korea). However, there was a slight quarterly decline in the third quarter of 2024. Discover detailed regional production trends and compare with previous years' data.

According to the UN's World Economic Situation and Prospects 2025 report, global economic growth is expected to remain at 2.8% in 2025. Declining inflation and monetary policy easing may provide a boost, but geopolitical conflicts, trade tensions, and high borrowing costs pose risks. The US economy will slow, while Europe is expected to recover moderately. East Asia and South Asia will see faster growth, led by China and India. World trade growth is forecast to slightly decline in 2025.

A study projects that the European steel industry could decarbonize up to 45% of its steel production by 2035 by transitioning to DRI and electric arc furnaces. By 2035, the EU aims to produce 27 million tons of low-carbon and 29.6 million tons of green steel. Plans include building hydrogen-based DRI plants and modernizing energy infrastructure, with Ukraine potentially supporting the green transition by supplying raw materials. The EU has allocated €14.6 billion to decarbonize the steel sector.

In November 2024, Spanish steelmakers reduced steel production by 4.2% m/m to 1.01 million tons, ranking 16th globally. Despite this monthly drop, Spain's steel output increased by 2.4% y/y from January to November 2024, totaling 10.95 million tons. The EU and global steel production trends for the period are also analyzed, with insights into Spain's steel enterprises and their capacities.

The EU construction sector showed a 0.7% month-on-month increase in October 2024, according to preliminary Eurostat data. Slovakia, Austria, Hungary, and Portugal led the growth, while Romania and Poland saw declines. Despite this, annual figures revealed a 0.8% drop compared to October 2023. The construction of engineering structures and buildings exhibited mixed trends. Macroeconomic issues and market uncertainty have impacted the sector since 2023. Eurofer forecasts a slight decline in construction volumes in 2024 but expects positive growth in 2025.

China's steel exports exceeded 101.15 million tons in January-November 2024, a 22.6% increase compared to the same period in 2023. With November exports remaining strong due to tariff concerns, analysts expect total steel exports to surpass the 2015 record of 110 million tons. Iron ore imports also increased by 4.3% in the first 11 months, amid a seasonal slowdown in steel demand. Steel imports to China declined, while steel production stopped its downward trend after two consecutive years of decline. Keep up with the latest steel industry trends and data.