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Business

Global steel crisis deepens as oversupply grows, OECD warns

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Europe News

EU steel exports to US drop 30% as talks stall over tariff relief

EU steel exports to the US fell 30% in 2025 under the weight of Washington’s 50% tariffs. With talks between Brussels and Washington still in deadlock, the downturn shows little sign of easing.

Europe News

Fight to ban Russian steel intensifies in Brussels

The European Parliament is pushing for a full ban on Russian steel to choke off Moscow’s revenues, but several EU governments still rely on importing it. High-stakes negotiations start next week.

Europe News

European Commission asks industry to back 'Made in Europe' production

The European Commission is asking business leaders to "support and sign" a French-led initiative to increase the share of European industrial production, according to a letter seen by Euronews. The EU executive's call comes a few days before the Industrial Accelerator Act is presented.

Europe News

EU exporters of heavy goods to start paying for their CO2 emissions

Steel and aluminium exporters to the EU will start paying for the CO2 emissions linked to their production as of 1 January 2026. Critics have accused the EU's law of 'protectionism' and say it will hurt trade.

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Markets

Shares in Germany’s Thyssenkrupp slide as it forecasts heavy losses

Thyssenkrupp is entangled in a restructuring process as it seeks to shore up its finances, hit by high energy costs and cheap competition.

Economy

European Commission wields protectionist powers to shield EU steel

EU tariffs on steel imports will be doubled to 50% beyond a reduced quota, compared to the volumes currently entering duty-free.

Economy

'Time is running out' for Europe’s steel workers, sector tells the EU

Suffocated by Chinese overcapacities and US tariffs, the European steel industry says its very survival is at stake, urging the European Commission to introduce strong protective measures.

Economy

EU industry struggles with new US rules on imports of steel and aluminium

The US, which slapped 50% tariffs on EU steel and aluminium in June, requires importers to provide proof of origin for these materials when they are part of a finished product: a headache for European industry.

Economy

EU steel chief touts quotas and cooperation with US on overcapacities

According to Axel Eggert, the chief of EUROFER, the European steel lobby, tariff-rate quotas are the best solution to put an end to existing US levies on imports of steel and aluminium. He also believes that the joint fight against Chinese overcapacities should be a shared objective with the US.

USA

At least two people dead, 10 injured in US Steel plant explosion

The plant, a massive industrial facility along the Monongahela River south of Pittsburgh, is considered the largest coking operation in North America and is one of four major US Steel plants in Pennsylvania.

Business

Why copper, aluminium and steel drive Trump’s MAGA agenda

Trump’s 50% tariffs on steel, copper and aluminium go beyond mere economics — they’re a bid to reclaim lost US industries and energise his MAGA base.

Economy

US and UK sign a trade deal, but steel imports are still in question

The two leaders agreed on the details of how to implement the trading terms disclosed last month, including lowering tariffs on key British exports and opening the door of the UK to US imports.

Europe News

European steel sector on high alert amid slow-moving trade negotiation

The EU steel sector warned on Wednesday of overcapacities flooding the EU market after US president Donald Trump doubled tariffs on the sector to 50%. The new tariffs have increased pressure on the EU’s negotiating teams trying to break the deadlock in its ongoing trade wrangle with the US.

Business

Could defence demand fuel a German steel revival post-tariffs?

US President Donald Trump's 50% tariffs on steel and aluminium imports come into effect today. But could Germany's defence industry be paving the way for a steel boom?

Economy

Trump doubles US tariffs on steel and aluminium imports to 50%

The UK is the only nation exempt from the tariff increase after it struck a deal with the US early last month.

Markets

European steel stocks rebound as Trump doubles steel tariffs to 50%

The share prices of European steel companies, including Thyssenkrupp and ArcelorMittal, all rose on Wednesday morning.