News

The EU's Carbon Border Adjustment Mechanism enters full enforcement in 2026, imposing carbon levies on imported steel and accelerating decarbonization demands on European producers amid financial strains.

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China's annual steel production fell to a seven-year low of 961 million tons in 2025, driven by weak domestic demand despite record exports, prompting tighter capacity controls.

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SMS group has successfully upgraded the Level 1 automation and HMI systems for three downcoilers at Thyssenkrupp Steel Europe's Hot Strip Mill No. 1 in Duisburg, enhancing operational consistency and digital readiness.

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Key Chinese steel enterprises increased crude steel production by 21.6% in the first ten days of January 2026, with inventories rising 6.4%, signaling robust output despite mixed demand trends.

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SMS group has successfully upgraded the Level 1 automation and HMI systems for three downcoilers at Thyssenkrupp Steel Europe's Hot Strip Mill No. 1 in Duisburg, Germany, enhancing operational consistency and digital readiness.

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The US Department of Commerce has set a May deadline for Vietnam's leading steelmaker Hoa Phat to address countervailable subsidy allegations on rebar exports.

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Fujitsu has commenced a demonstration experiment leveraging blockchain technology to track and distribute the environmental value of green steel across supply chains, aiming to boost decarbonization efforts in Japan's steel sector.

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China's Baosteel has increased its steel prices for January 2026, breaking three months of flat pricing due to escalating raw material costs and cautious market optimism.

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China’s newly enforced export licensing regime for steel pipes is tightening near-term supply, extending lead times, and forcing Asian and global buyers to rework Q1 procurement and logistics strategies.

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thyssenkrupp Materials Services has secured a significant multi-year supply of non-prime steel from Stegra's flagship hydrogen-based production facility, advancing sustainable steel practices in Europe.

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