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IEU-CEPA to boost Indonesian access to European markets, including automotive
on the long-awaited Indonesia–EU Comprehensive Economic Partnership Agreement (IEU-CEPA), a major step toward finalization by September 2025. The deal aims to open markets, boost trade and investment, and strengthen supply chains, especially in critical raw materials for Europe’s clean tech and steel sectors. It also promises greater opportunities across key industries, including automotive. IEU-CEPA is designed to support fair, sustainable t...
News Updated at: 2025/07/17
Thailand’s auto industry confronts U.S. tariffs and steel price surge
Thailand’s auto industry confronts U.S. tariffs and steel price surge Reported on July 12, 2025, Thai auto parts manufacturers are bracing for the impact of steep U.S. tariffs and volatile global steel prices, which are two developments threatening to disrupt the automotive supply chain. The Federation of Thai Industries (FTI)’s Auto Parts Industry Club recently convened to address these growing concerns. In April, the U.S. imposed a 25% tari...
News Updated at: 2025/07/16
GM’s EV strategy boosted by new Ancker-Johnson Battery Cell Development Center
to produce LMR prismatic battery cells at commercial scale. GM’s expertise in these three battery chemistries will enable GM to scale production of lower-cost LMR and LFP cell technologies to produce both full-size electric pickups and affordable EVs like the Chevrolet Bolt. In June, the final steel beam was placed at the new Ancker-Johnson Battery Cell Development Center, next door to the Wallace Battery Cell Innovation Center at GM’s Glo...
News Updated at: 2025/07/16
EU Trade hosts strategic dialogue with various industry experts on non-preferential Rules of Origin
EU Trade hosts strategic dialogue with various industry experts on non-preferential Rules of Origin On July 11, the European Commissioner for Trade and Economic Security held a key meeting focused on the EU’s non-preferential Rules of Origin — the rules that define where imported goods come from. The event brought together leaders from various sectors such as automotive, chemicals, energy, steel, and more, along with international trade assoc...
News Updated at: 2025/07/15
Tata Steel to build 3-million tons electric arc furnace (EAF) in Port Talbot, UK
Tata Steel to build 3-million tons electric arc furnace (EAF) in Port Talbot, UK On July 14, Tata Steel announced a groundbreaking event for its electric arc furnace (EAF) facility in Port Talbot. This is part of a GBP 1.25 billion transformation to low-CO2 steelmaking, supported by a GBP 500 million investment from the UK Government. EAF will be commissioned at the end of 2027. It is expected to reduce Port Talbot’s carbon emissions by appro...
News Updated at: 2025/07/15
EU plans to join other nations hit by U.S. tariffs
es, including cars and tariff rates on agriculture. Member states were briefed on the status of talks on July 13. Earlier in the day, European Commission chief Ursula von der Leyen said the bloc will extend the suspension of trade countermeasures against the U.S., due to Trump’s tariffs including steel and aluminum, until August 1. The current list of countermeasures would affect EUR 21 billion (USD 24.5 billion) of U.S. goods, while the EU h...
News Updated at: 2025/07/15
thyssenkrupp Steel and IG Metall union reach collective restructuring agreement
thyssenkrupp Steel and IG Metall union reach collective restructuring agreement thyssenkrupp Steel Europe AG and the IG Metall union have reached a new collective restructuring agreement, Steel Realignment, to secure the company’s long-term competitiveness. The new agreement, which runs until September 30, 2030, builds on the industrial concept presented in November 2024 and the agreement in principle concluded with IG Metall in May 2025. Key m...
News Updated at: 2025/07/14
Wuling launches Mitra EV e-commercial vehicle in Indonesia
an electric commercial vehicle designed to meet diverse business needs. Combining practical functionality with up to 6.5 cubic meters of cargo space, the Mitra EV offers a driving range of up to 400 km (CLTC), fast charging from 30–80% in about 30 minutes, a robust frame made of 83% high-strength steel, and dual sliding doors for easy access. Available in blind van and minibus variants, it is priced between IDR 299 million and IDR 344 million (...
News Updated at: 2025/07/14
Trump threatens 35% tariffs on Canadian goods
ules, and would apply only to goods currently tariffed at 25%. However, the official said the president had not made a final decision. The U.S. is currently imposing a 25% tariff on all non-USCMA compliant goods coming from Canada and a lower 10% rate on energy and potash, as well as 50% tariffs on steel and aluminum. (CBC/Radio Canada on July 10, 2025) (Truth Social post on July 10, 2025)...
News Updated at: 2025/07/12
Tosyali Iron and Steel Complex, Algeria to produce flat iron for the automotive industry
Tosyali Iron and Steel Complex, Algeria to produce flat iron for the automotive industry On July 9, the Minister of Industry, Algeria visited the Tosyali iron and steel complex in the municipality of Bethioua, Oran. Tosyali iron and steel complex is working on a new expansion project for flat iron production for the automotive and vehicle industry. It will help to develop the local supply chain for the automotive industry and reduce dependence on...
News Updated at: 2025/07/11
Tata Steel UK secures funding for AI-powered research to develop low-CO2 automotive steel
Tata Steel UK secures funding for AI-powered research to develop low-CO2 automotive steel On July 9, Tata Steel UK announced a new research initiative, ADAPT-EAF (Accelerating the Development of Automotive and Packaging steel Technology for Electric Arc Furnace production) aimed at developing a new generation of advanced steel products from its EAF. It will address controlling residual elements in high-recycled-content steel for demanding applica...
News Updated at: 2025/07/11
Daido Electronics to triple production of heavy rare metal-free magnets for drive motors by FY 2030
Daido Electronics to triple production of heavy rare metal-free magnets for drive motors by FY 2030 Daido Electronics Co., Ltd. (Daido Electronics, Nakatsugawa City, Gifu Prefecture), Daido Steel Co., Ltd.’s group company that produces magnets, will boost the production of drive motor magnets that do not use heavy rare metal (heavy rare earths). The company’s head plant will start a new production line as early as the beginning of 2026 to mor...
News Updated at: 2025/07/11
EU’s committees adopt proposals on new EU rules to cover entire vehicle lifecycle
hould not hinder the removal and replacement of parts and components using software updates. MEPs also want the plastic used in each new vehicle type to contain a minimum of 20% recycled plastic, within six years of the rules’ entry into force. The Commission should introduce targets for recycled steel and aluminium, and their alloys, following a feasibility study. Manufacturers would have extended producer responsibility, covering the cost of ...
News Updated at: 2025/07/09
U.S. copper prices surge to record as Trump calls for 50% tariff
tary Lutnick said he expected Trump to soon sign the proclamation that would put the copper tariff in place by the end of July. The news sent U.S. copper prices up 10.5% to new record highs of USD 5.8955 per pound, adding to the higher cost of manufacturing in the U.S., alongside the 50% tariffs on steel and aluminum. At the same cabinet meeting, the president discussed tariffs of up to 200% on pharmaceuticals and said he might send a letter to t...
News Updated at: 2025/07/09
Korea seeks to maximize 'practical interests' in U.S. talks, trade minister says
the pause on "reciprocal" tariffs could be extended beyond July 8, and that the two countries could also reach a broad agreement in principle rather than a full-fledged trade deal. Aside from reciprocal tariffs, Korea is also seeking to minimize the impact of sector-specific tariffs on automobiles, steel and aluminum. However, Yeo said, "We think that a relatively more difficult area is the sectoral tariff issue, given that the U.S. regards it as...
News Updated at: 2025/07/08
Volkswagen ships PPE differential for electric drives from Martin, Slovakia plant
ungaria in Győr, where it is being installed in drives designed for the purely electric Porsche Macan and Audi Q6 models. Volkswagen has invested EUR 46 million in the production of the PPE differential in recent years. The investment also introduced new technologies. One of these is laser welding steel to cast iron without using a protective atmosphere or filler material. The other is vacuum hardening. Based on Volkswagen Slovakia press release...
News Updated at: 2025/07/07
thyssenkrupp Steel launches new high-tech, EUR 800 million facilities at Duisburg site in Germany
thyssenkrupp Steel launches new high-tech, EUR 800 million facilities at Duisburg site in Germany thyssenkrupp AG (thyssenkrupp)’s subsidiary, thyssenkrupp Steel Europe AG, has launched its new high-tech facilities at the Duisburg location in Germany, following around two years of construction and assembly work. With an investment of around EUR 800 million, the facilities focus on producing stronger, thinner premium steels for sectors such as e...
News Updated at: 2025/07/07
FTI pushes for rolled steel production controls in Thailand as automotive and construction demand slows
FTI pushes for rolled steel production controls in Thailand as automotive and construction demand slows Reported on June 30, 2025, the Federation of Thai Industries (FTI) has called on the Industry Ministry to implement strict controls to address the oversupply of rolled steel in Thailand. A freeze on new factory construction and capacity expansion for at least 5 years was recommended. The current oversupply situation is largely due to an influ...
News Updated at: 2025/07/04
METI considering setting up 10% upper limit on CO2 emission credit use
surplus or deficit as credits. The system already began in FY2023 on a voluntary basis, but starting in April 2026, it will require businesses with more than 10 tons of direct CO2 emissions per year to participate. It is likely that between 300 and 400 firms, including those in the electric power, steel, chemical, and transportation sectors, are subject to the system. After the system is implemented, METI will gradually lower the upper use limit...
News Updated at: 2025/07/03
PPG and ArcelorMittal present low-carbon auto manufacturing collaboration in France
PPG and ArcelorMittal present low-carbon auto manufacturing collaboration in France On July 2, PPG and ArcelorMittal announced a major step forward in reducing the carbon footprint of automotive manufacturing. The collaboration combines advanced steelmaking technologies with next-generation electrocoat solutions. The results were presented at the SURCAR automotive painting conference in Cannes, France. The study revealed that greenhouse gas (GHG)...
News Updated at: 2025/07/02