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steel import - Latest news GMK Center

Photo – India prioritizes local steel for government projects
India prioritizes local steel for government projects

The country has introduced a «melted and poured» rule for government-funded projects

Photo – Brazil renews and expands safeguard measures on steel imports
Brazil renews and expands safeguard measures on steel imports

The country first announced these measures in April last year

Photo – The US reduced imports of rolled steel by 11.8% m/m in April
The US reduced imports of rolled steel by 11.8% m/m in April

Total steel imports fell by 17.1% m/m over the month

Photo – UK TRA recommends restricting countries’ access to residual quotas on steel imports
UK TRA recommends restricting countries’ access to residual quotas on steel imports

It is proposed to cancel the transfer of unused quotas to the next quarter

Photo – Latin American steelmakers call for coordinated trade defense
Latin American steelmakers call for coordinated trade defense

The region is one of the most affected by imports from China

Photo – Mexico steps up fight against illegal steel imports
Mexico steps up fight against illegal steel imports

The country will stimulate domestic steel production amid US tariffs

Photo – The US increased imports of rolled steel products by 11.9% m/m in March
The US increased imports of rolled steel products by 11.9% m/m in March

Total steel imports increased by 11.4% m/m over the month

Photo – The US reduced imports of rolled steel by 29.6% m/m in February
The US reduced imports of rolled steel by 29.6% m/m in February

Total steel imports fell by 27.2% m/m over the month

Photo – Safeguard duty could halve India’s steel imports in FY2025/2026 – ICRA
Safeguard duty could halve India’s steel imports in FY2025/2026 – ICRA

This step will also improve the profitability of local steel mills

Photo – EU proposes to cut steel imports by 15% by tightening quotas – Reuters
EU proposes to cut steel imports by 15% by tightening quotas – Reuters

The bloc seeks to prevent the European market from being flooded with cheap steel after the introduction of US tariffs

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