The European Commission is drafting an expansion of the Carbon Border Adjustment Mechanism that will extend further into steel supply chains, with significant cost and compliance implications for EU steel producers, importers, and industrial buyers.

South Korea announces comprehensive steel industry restructuring with $139 million in subsidies for specialty steel R&D amid export challenges.

China’s decision to introduce an export licensing regime for a broad range of steel products from January is set to realign Asian steel trade flows, pricing, and capacity utilization strategies for regional mills and service centers.

Thyssenkrupp Electrical Steel will temporarily shut its Gelsenkirchen and Isbergues plants and cut capacity in early 2026 in response to a surge of low‑priced electrical steel imports pressuring the European market.

Major East Asian steelmakers are accelerating a shift toward higher-value products, automation and overseas partnerships as Chinese demand weakens and export pressure rises across the region.

Thyssenkrupp Steel Europe will temporarily suspend electrical steel production at its German and French plants from mid-December, citing severe pressure from low-priced imports and weak European demand.

South Korea’s trade minister has formally challenged Canada’s plan to tighten steel import safeguards and cut tariff‑rate quotas, a move that could reshape market access and pricing strategies for Korean and other Asian steel exporters.

Celsa, one of the largest green long steel producers in Europe, has announced the successful completion of its refinancing. As part of the transaction, Celsa is issuing €600m of HoldCo

The Bureau of International Recycling warns that planned EU restrictions on ferrous scrap exports could undermine competitiveness and raw material security for Europe’s steel sector.

Asian steelmakers are sharply reducing shipments to Europe amid CBAM-related uncertainty and are redirecting volumes to the Middle East and South America, with long-term implications for trade flows and pricing.