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3+ hour, 18+ min ago (1202+ words) Canada's new approach hits steel imports through two separate mechanisms that will operate at the same time. TRQs allow a set volume of steel to enter Canada without an additional surtax. Under the changes taking effect December 26, Canada will reduce the amount that can enter tariff'free: Steel imported above these thresholds will continue to face a 50% surtax, according to government descriptions of the TRQ system and industry reporting on the measures. [7] Separate from the TRQ framework, the federal government will apply a 25% tariff on the full value of a published list of steel'derivative products imported from all countries, starting December 26. [8] Ottawa has said the initial list is expected to cover over $10 billion in steel derivative imports, and it may be updated over time as market conditions change. [9] "Steel derivative products" can sound abstract'until you look at what's included. The government…...

3+ hour, 24+ min ago (314+ words) Europe's raw materials plan is ambitious but flawed. Without binding social, environmental and human-rights safeguards, just transition measures and strategic procurement, Europe risks social backlash, industrial capacity loss, and credibility loss in its green transition. Europe's industrial future, climate goals, and strategic autonomy hinge on one thing: a strong, responsible Critical Raw Materials strategy. The European Commission's new RESourceEU Action Plan is a step forward'but without robust social, environmental, and labour safeguards, it risks failure. Public acceptance of mining and extraction projects isn't a hurdle; it's the litmus test of trust. Communities will only support projects that protect workers, respect human rights, and uphold environmental standards. Strip away these safeguards, and Europe faces backlash, social friction, and lost credibility. What's Good'and What's Missing Jobs and Just Transition RESourceEU mentions skills development, but training alone isn't enough. Europe needs a comprehensive…...

3+ hour, 59+ min ago (95+ words) Proposals relating to the Carbon Border Adjustment Mechanism and tackling global steel overcapacity will tighten market access Europe's policy changes pose challenge for Indian steel exporters Proposals relating to the Carbon Border Adjustment Mechanism and tackling global steel overcapacity will tighten market access Moneycontrol Pro Panorama | Will silver continue to sparkle in 2026? Dec 18, 2025 / 02:35 PM IST What Do You Get Seamless navigation, faster responses. Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ weekly investment ideas + 3 to 4 daily technical calls...

6+ hour, 25+ min ago (229+ words) FRANKFORT " AKFA Aluminum Solutions, a division of Uzbekistan-based AKFA Group, plans to establish its first United States manufacturing operation in Bowling Green, a project expected to create 331 full-time jobs, Gov. Andy Beshear announced. FRANKFORT " AKFA Aluminum Solutions, a division of Uzbekistan-based AKFA Group, plans to establish its first United States manufacturing operation in Bowling Green, a project expected to create 331 full-time jobs, Gov. Andy Beshear announced. The investment marks the first U.S. project by an Uzbekistani manufacturer, according to a news release from the Governor's Office. The new facility will serve as a full-cycle production hub with extrusion, anodizing and finishing operations designed to meet U.S. energy and environmental standards. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. There was a problem reporting this. Keep it Clean. Please avoid obscene, vulgar,…...

7+ hour, 3+ min ago (207+ words) Vice Trade Minister Park Jung-sung / Yonhap The industry ministry held a meeting with representatives from the automobile, home appliances and steel sectors Thursday to discuss responses to the European Union's (EU) plan to implement the Carbon Border Adjustment Mechanism (CBAM) next year, officials said. The EU is set to levy tax on carbon-intensive goods imported to the region, such as steel, aluminum, cement and fertilizers, starting on Jan. 1, and plans to expand its carbon border levy to other items, including auto parts, refrigerators and washing machines, beginning in 2028. Under the new scheme, exporters to the EU must calculate the carbon emissions associated with their products and report it to the importers so they can purchase CBAM certificates based on those emissions. "We will carefully review whether the recent announcement on the expansion of items applicable (under CBAM) could act as…...

9+ hour, 1+ min ago (101+ words) The new carbon emissions fee will go into full force in January 2026. EU Moves to Extend Carbon Tariff to More Manufactured Goods The European Union is set to expand its so-called carbon border tax to cover a wider range of imported products, from household appliances such as refrigerators and washing machines to automobile parts. Former Harvard Morgue Manager, Wife Sentenced for Stealing and Selling Body Parts Trump Taps DHS Deputy Secretary as Ambassador to El Salvador Lukashenko Says Belarus Would Welcome Venezuela's Maduro If He Steps Down Elon Musk Fires Back at Claims His Transgender Child "Hates' Him...

10+ hour, 54+ min ago (347+ words) TOKYO/NEW YORK -- About six months after finalizing the acquisition of U.S. Steel, Nippon Steel is forging a list of hundreds of production efficiency Nippon Steel steps up U.S. Steel overhaul, seeking hundreds of improvements Production efficiency drive part of $11bn revitalization plan, 6 months into deal TOKYO/NEW YORK -- About six months after finalizing the acquisition of U.S. Steel, Nippon Steel is forging a list of hundreds of production efficiency improvements as part of a broader overhaul that includes $11 billion in promised investment. Nippon Steel bets on US, India for growth amid global overcapacity Trump or no Trump, US market too big for Japan companies to ignore U.S. Steel's new steelworks site may be selected by June: Nippon Steel VP US Steel to restart blast furnace after Washington blocks shutdown Nippon Steel bolsters U.S. Steel to head off South Korean competition Nippon Steel to mass-produce high-grade…...

16+ hour, 55+ min ago (968+ words) A combination of new tariffs from Washington and Brussels has left the sector teetering on the edge. And now it's facing a new set of fees. LONDON " Britain's steel industry is having a tough time. Thanks to the EU, it's about to get even tougher. As 2025 comes to a close, a combination of new tariffs from Washington and Brussels has left the sector teetering on the edge. And now it's going to be smacked by Brussels' new carbon import taxes. The maelstrom could leave the industry "irreversibly and profoundly harmed," according to its representative body. The EU's catchily-named Carbon Border Adjustment Mechanism (CBAM) goes live from the start of 2026. It will charge importers for the carbon price of their goods and introduce reams of new paperwork. In the long run, British businesses will be exempt from the levy, thanks to…...

17+ hour, 16+ min ago (495+ words) In 2017, China produced 831 million tons of raw steel. The U.S. fell in fourth place, with 81.6 million tons, behind India and Japan. Seven years later, in 2024, the United States produced 79 million tons of steel and China over 1 billion. In 2017, the Department of Commerce explored these issues during a nine-month investigation, ultimately concluding that high import volumes of foreign steel weakened the U.S. Steel Industry. At that time, the DOC recognized that imports of foreign steel had risen above 25% and plant closures in the United States would threaten the United States" ability to produce steel for defense needs. Just as in 2018, those same issues and concerns regarding foreign steel still exist today. China"s total steel production has increased, while the United States" production has dropped. In February 2025, President Trump further updated the Section 232 steel tariffs by removing all exemptions and raising the total…...

18+ hour, 17+ min ago (322+ words) Dec 17 (Reuters) " Proposed changes to the European Union's carbon border adjustment mechanism are a step in the right direction for Europe's steel and aluminium sectors but "not a complete solution, industry representatives said on Wednesday. The European Commission earlier on Wednesday announced proposals to expand the scope of the CBAM " which will impose a carbon tax on Europe's imports of steel, aluminium and a handful of other commodities from January 1 " to "cover some downstream products with a high content "of those metals, such as machinery and appliances, as well as some scrap. In doing so, it took account of warnings from metal industry players in Europe about "carbon leakage" " or the risk that industries concerned "about a loss of competitiveness would move operations outside the region to avoid the cost of its climate policies. European "steel association Eurofer said in…...