LATEST NEWS

NEWS FLASH

The passage of the Big Beautiful Bill marks a historic turning point for the U.S. metals industry, unlocking an unprecedented $5.7 trillion in funding aimed at revitalizing domestic production and infrastructure. Far more than a typical infrastructure package, this bill prioritizes American manufacturing and defense, setting the stage for sustained demand in steel, aluminum, copper, and other metals for years to come. The steel sector, in particular, stands to benefit from over $475 billion in targeted investments, including naval shipbuilding, defense munitions, weapons production, and critical infrastructure projects. By reshaping supply chains and incentivizing domestic growth, the bill offers a transformative opportunity for forward-thinking companies to thrive, ensuring the nation’s industrial strength and economic resilience well into the future.

After a robust start to 2025 driven by consumers rushing to buy before new tariffs, U.S. car sales have begun to decline. March saw new vehicle sales at a seasonally adjusted annual rate (SAAR) of 17.5 million, but by May this pace had slowed to 15.6 million, with June expected to dip further to 15.3 million. The pre-tariff buying spree led to a 9.1% year-over-year sales jump in March, but growth slowed to just 1.4% in May as the market cooled. Total new vehicle sales for the first half of 2025 reached 8.1 million units, up 3.1% from last year, but June sales fell 5.8% compared to June 2024.

Average transaction prices (ATPs) remain elevated, now at $48,799—about $4,800 higher than inflation-adjusted pre-pandemic levels—with incentives dropping to 6.8% in May, down from 8% in December and well below pre-pandemic norms. The most pronounced impact is on vehicles under $30,000, such as the Chevrolet Trax and Nissan Sentra, which are primarily imported and face the steepest price increases from tariffs. Analysts warn that if tariffs persist, entry-level models may disappear from the market, and overall sales for 2025 are now forecast between 15.6 and 16.3 million, down from earlier estimates.

Steel Dynamics, Inc. announced that all of its steel mills have received product certification from the Global Steel Climate Council (GSCC), affirming that their products are aligned with the Paris Climate Agreement’s 1.5°C scenario and are on track to meet global climate goals. The GSCC’s Steel Climate Standard offers a technology-neutral, transparent framework for certifying lower-carbon steel, measuring greenhouse gas emissions—including Scope 1, Scope 2, and upstream Scope 3—through the hot rolling process. The 2024 emissions intensity data for each Steel Dynamics mill was independently verified and certified, underscoring the company’s leadership in producing lower-embodied carbon steel and its commitment to further reducing its carbon footprint as part of the transition to a low-carbon economy

The Government of Canada has introduced new tariff-rate quotas (TRQs) on steel mill product imports from countries without a free trade agreement (FTA) with Canada, effective June 27, 2025. These TRQs, covering five product categories—flat, long, pipe and tube, semi-finished, and stainless steel—set quarterly import limits based on 2024 levels, with any imports exceeding these thresholds subject to a 50% surtax. The measure aims to stabilize the Canadian steel market and prevent diversion of foreign steel into Canada following higher U.S. tariffs, while minimizing disruption for Canadian importers and downstream users. The quotas will be reviewed after 30 days and periodically thereafter, with administration overseen by Global Affairs Canada and the Canada Border Services Agency

ArcelorMittal has officially canceled its ambitious plans to decarbonize two major steel plants in Germany, citing high energy prices and weak market conditions as key obstacles—even after securing €1.3 billion in government subsidies. The company stated that the economic case for hydrogen-based steelmaking, using Direct Reduced Iron (DRI) and Electric Arc Furnace (EAF) technology, is not viable under current conditions, highlighting the urgent need for stronger policy support and more competitive energy pricing in Europe. This setback underscores the significant challenges facing the steel industry’s green transition, as low-carbon hydrogen remains too costly and uncertain to support large-scale production today. ArcelorMittal’s decision sends a clear signal: without further action on energy and trade policy, the path to carbon-neutral steel in Europe remains steep. 🌍

Gambek Metals
ADVERTISEMENT

You cannot copy content of this page

Steel Industry News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. View our full Privacy Policy