Ship recycling prices in India have moved up as robust domestic steel demand and recent policy measures tighten scrap availability and support higher offers from Alang yards.

The EU’s new 2026 steel import quota period opened with several categories already fully booked, tightening supply for European buyers and reshaping sourcing strategies for mills, distributors, and processors.

South Korea’s trade ministry has begun formal CBAM response talks with major steelmakers to protect Korean steel exports and margins in the EU market.

thyssenkrupp Steel has commissioned a new continuous casting line, extensively modernized hot strip mill, and fully automated slab logistics at its Duisburg site, creating one of Europe’s most advanced flat steel production networks.

China's largest private steelmaker, Shagang Group, has kept its local steel plate prices unchanged for January 2026, signaling market stability in the Asian steel sector.

The EU's new steel safeguard measures will take effect on July 1, 2026, replacing current protections and capping imports to bolster European producers.

India's government has introduced safeguard duties of 11-12% on select steel imports, driving up prices for hot rolled, cold rolled, and flat products, affecting construction, engineering, and automotive sectors.

Marcegaglia Group CEO Antonio Marcegaglia anticipates a modest uptick in European steel consumption in 2026, fueled by destocking, reduced imports due to CBAM uncertainties, and infrastructure spending.

Korea's steel industry confronts a severe structural downturn exacerbated by U.S. tariffs and weak domestic construction demand, with production hitting 15-year lows.

The EU's Carbon Border Adjustment Mechanism (CBAM) effective January 1, 2026, is prompting European buyers to favor local mills, leading to longer delivery times and anticipated price hikes across stainless steel products.