European steel ministers are urgently meeting to deliberate ETS reforms and electricity taxation amid escalating raw material costs and suspended rebar quotations in Italy, highlighting tightening market dynamics.

Worthington Steel has surpassed the minimum acceptance threshold in its offer to acquire Kloeckner & Co, with an extended period until April 14, 2026.

European steel ministers are holding emergency talks on Emissions Trading System reforms and electricity taxation in response to soaring raw material costs and halted rebar quotations in Italy.

US-based Mesabi Metallics has secured $520 million in financing to advance its major iron ore project, boosting domestic raw material supply for steelmakers.

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.

Nucor anticipates higher Q1 2026 earnings due to increased volumes, realized prices, and protective tariffs reducing import competition in the American steel sector.[1]

Emirates Global Aluminium today announced that the company’s Al Taweelah site sustained significant damage during the Iranian missile and drone attacks at Khalifa Economic Zone Abu Dhabi. Assessment of the damage is ongoing.

EU steel import quotas have exceeded 90% usage by end of Q1 2026, signaling intensified pressure from global overcapacity as current safeguards approach expiration.

Primetals Technologies has received final acceptance for modernizing a leading US steel producer's hot strip mill, enhancing efficiency and product quality.

Demand for green steel across Europe remained thin in March 2026 as buyers resist paying premiums and spot market activity dries up, challenging the sector's decarbonization efforts.