On April 21, the Hyundai Motor Group and POSCO Group announced they have signed a Memorandum of Understanding (MOU) for business cooperation in the fields of steel and battery materials. 
Under the agreement, POSCO plans to make an equity investment in Hyundai Motor Group’s recently announced Electric Arc Furnace (EA

According to industry sources on April 14, Posco is in talks to join Hyundai Steel’s USD 5.8 billion electric arc furnace project in Louisiana, where Hyundai plans to fund half the cost through equity participation from affiliates and outside investors.
Posco’s discussions have reportedly centered on a financial stak

On April 15, San Luis Dasung inaugurated a new plant in San Luis Potosí, Mexico dedicated to the manufacture of aluminum and stamped steel components for the automotive industry in Mexico and the U.S.
The USD 9 million plant is the second for San Luis Dasung, a subsidiary of the Malaysian group MK TRON.
Equipped with

On April 4, thyssenkrupp Steel Europe AG announced the termination of the supply contract with Hüttenwerke Krupp Mannesmann (HKM). As a result of the planned termination, thyssenkrupp Steel Europe's obligation to purchase around 2.5 million metric tons of steel per year will expire on December 31, 2032, at the latest

Reported on April 3, 2025, the University of the Thai Chamber of Commerce (UTCC) revealed that recent U.S. tariff hikes will significantly affect 4 Thai export categories: steel, steel products, aluminum, and automobiles/auto parts.
As a result of the new tariffs, the total export value for these categories in 2025 i

On March 30 and 31, multiple sources reported that Mexico’s steel industry is facing a significant downturn due to the 25% U.S. tariff on imported steel, leading to a projected drop of around 300,000 tons in exports, nearly 10% of the 3.2 million tons Mexico sends to the U.S. annually.
According to Víctor Cairo, pres

On April 1, Mexican steel producer TYASA announced a USD 450 million investment to expand its production capacity and reduce reliance on imported steel, particularly for the automotive, mining, and aerospace industries.
The initiative includes USD 250 million for a new special steel bar rolling mill with a capacity o

Nippon Steel and U.S. Steel are in talks with the Trump administration to salvage their USD 14.1 billion merger by offering billions more in investments from the Japanese steelmaker into outdated U.S. mid-western facilities, according to people familiar with the matter.
Under the new scenario, Nippon would maintain i

U.S. President Donald Trump confirmed a 25% tariff on steel and aluminum imports from all countries, including Brazil, the second-largest supplier of steel and iron to the U.S.
For the country, the impact will be significant, as nearly 48% of its steel and iron exports are destined for the American market. In 2024, B

On March 20, Škoda Auto announced its participation in the SATURNIN project, which connects manufacturers to optimize steel waste reuse and support industrial decarbonization.
The initiative matches sheet metal offcuts from various companies with the needs of smaller component producers, reducing energy-intensive ste

On February 24, it was estimated that the tariffs on aluminum and steel announced by U.S. President Donald Trump, set to take effect on March 12, could impact Mexico’s exports to the United States by approximately USD 22.53 billion.
According to an analysis by the Mexican Institute for Competitiveness (IMCO), these t

On February 19, JLR announced the successful completion of scaled trials with Novelis, a leading producer of flat-rolled aluminum products, for a new aluminum skin alloy. Its use in a production vehicle paves the way for more sustainable aluminum in JLR's next-generation luxury vehicles.
The new aluminum skin alloy c

On February 17, the National Chamber of the Transformation Industry (Canacintra) in Puebla warned that some key sectors will be impacted by the newly imposed 25% tariffs on steel and aluminum imports to the U.S.
These sectors include appliance manufacturing, automotive and auto parts, electronics, agro-industry (pack

On February 10, the U.S. government issued a proclamation imposing additional duties on imported steel products that could have far-reaching consequences for the automotive industry.
With tariffs ranging from 10 to 50 percent, the automotive sector, which relies heavily on steel for manufacturing vehicles, may face h

President Trump said on February 9 that he will soon impose 25% tariffs on steel and aluminum imports from all countries, including Canada and Mexico. This would come on top of any other tariffs they are currently paying.
“Any steel coming into the United States is going to have a 25% tariff. Aluminum, too,” said Tru

On February 6, ArcelorMittal announced that it is proceeding with plans to build an advanced, non-grain-oriented electrical steel (NOES) manufacturing facility in Alabama. ArcelorMittal will invest USD 1.2 billion in this project. Construction is set to begin in the second half of 2025, with production anticipated to

On February 3, Mutares SE & Co. KGaA completed the acquisition of the business of Buderus Edelstahl GmbH from voestalpine AG. The company will strengthen the engineering and technology segment of Mutares as a new platform investment.
Buderus Edelstahl GmbH is a producer of high-quality special steels with a focus on