Mukand Sumi plans greenfield integrated steelmaking facility in India On September 1, Mukand Sumi Special Steel Limited (MSSSL) announced it is constructing a greenfield integrated steelmaking facility at Kanakapura, Koppal, Karnataka. A joint venture between India’s Bajaj Group and Sumitomo Corporation, MSSSL continues to strengthen its position as a leading special steel manufacturer in India.  With this collaboration, the MSSSL’s producti...

News  Updated at: 2025/09/05

lators (including power banks) remain at higher rates. Vehicle air-conditioning machines and cooling systems: GST cut from 28% to 18%. Renewable energy devices/parts for automotive use (solar modules, wind generators, bio-gas plants): GST at 5%. Construction materials for automotive plants (cement, steel sections, electrical cabling): GST cut from 28% to 18%. Based on the PIB press release (Release ID: 2163555)...

News  Updated at: 2025/09/04

variants priced at CNY 88,800 and CNY 94,800, respectively. Positioned as a “global intelligent practical pickup truck”, the R08 adopts a Qilin-inspired exterior design, with an aggressive yet steady front fascia and a dynamic, streamlined body. 48% of the body of the R08 is made of galvanized steel sheets with a high-strength steel usage of 52.2% for full enhancement of durability and safety. The powertrain comprises a 2.3T engine and an 8-...

News  Updated at: 2025/09/04

Stahl, Netherlands launches RelcaDur, water based bonding agent for rubber-to-metal automotive applications On September 2, Stahl, a Netherlands based firm specializing in coatings for flexible materials, launched RelcaDur, a new bonding agent that connects rubber to surfaces such as steel, aluminium, and plastic. It is a two-layer system i.e., a primer and a bonding agent. Unlike traditional solvent-based adhesives used in NVH (noise, vibration,...

News  Updated at: 2025/09/03

IAA Mobility 2025: Hyundai releases teaser image of Concept THREE EV On September 2, Hyundai Motor Company released a teaser image of Concept THREE, the IONIQ sub-brand’s first compact EV concept. The new image highlights Concept THREE’s bold design, shaped by Hyundai’s ‘Art of Steel’ philosophy. Its sculpted surfaces, sharp lines, and dynamic stance emphasize motion and precision, while the side view introduces the Aero Hatch, a new t...

News  Updated at: 2025/09/02

sal to reduce EU tariffs on US industrial goods to zero, as announced in August. VDA now expects the US to reduce tariffs on imports of cars and car parts from the EU to 15%, retroactively to August 1, 2025.  VDA president stated that they are also watching the further development of US tariffs on steel and aluminum products with concern. Care must be taken to ensure that no new burdens are imposed on the automotive industry or other EU industri...

News  Updated at: 2025/09/01

 Morristown plant in Tennessee, creating nearly 50 jobs and raising total employment at the site to about 800. E-compressors are curial for thermal management in electric vehicles, helping extend battery life, enable fast charging, and improve driving range. The Morristown plant, which has produced steel and aluminum pistons for internal combustion engines since 1978, will now supply components for both conventional and electrified vehicles. MAH...

News  Updated at: 2025/08/28

ficance in providing nearly half of all generic drugs for US healthcare. In 2024, Indian pharmaceutical exports to the US amounted to approximately USD 8.7 billion. Meanwhile, semiconductors and consumer electronics will also be covered by separate, sector-specific US tariffs. Finally, aluminum and steel products, together with passenger vehicles, will also be subject to tariffs separate from the blanket 50% rate. Looking ahead to further agreeme...

News  Updated at: 2025/08/28

USD 26 billion from 2025 to 2028. Hyundai had previously announced in March 2025 that it would invest USD 21 billion over the next four years to advance various strategic initiatives in the country. In total, Hyundai will invest USD 26 billion in the following projects: Hyundai will develop a new steel mill in Louisiana to support U.S. industries including automotive manufacturing. Hyundai and Kia will expand its automotive production capacity ...

News  Updated at: 2025/08/27

USW Canada criticizes removal of retaliatory tariffs, calls for stronger industrial strategy On August 26, the United Steelworkers (USW) union in Canada voiced concern over the government’s decision to remove retaliatory tariffs against the U.S. on CUSMA-compliant goods, warning it weakens the country’s industrial base. USW Canadian National Director Marty Warren argued the move risks further exposure of Canadian sectors, including steel, alu...

News  Updated at: 2025/08/27

2025, Canadian Prime Minister Mark Carney announced that Canada would remove all of Canada’s tariffs on imported U.S. goods covered specifically by the United States-Mexico-Canada trade agreement (USMCA). This decision will take effect starting September 1, 2025. Canada will retain its tariffs on steel, aluminum, and automotive vehicles going forward, with Prime Minister Carney noting that the specific sectoral tariffs will be the focus of futu...

News  Updated at: 2025/08/26

00 units across 65 markets since its 2020 debut.  Powered by a 1.0-liter HR10DET turbo engine with Nissan’s Mirror Bore Coating Technology, it delivers 100 PS and 152 Nm of torque while maintaining strong efficiency. Safety highlights include six airbags, a reinforced body with 67% high-tensile steel, and Nissan’s 360° Around View Monitor. Nissan’s 360° Safety Shield offers a suite of advanced braking technologies, Vehicle Dynamic Contr...

News  Updated at: 2025/08/22

Posco and JSW Group to form full-scale business partnership in steel and other areas South Korea’s Posco Group announced that it had reached a basic agreement with India’s JSW Group for a full-scale business partnership. In October 2024, the two parties signed a memorandum of understanding (MOU) for a partnership in some business areas, including steel and secondary battery materials. The production scale will be six million tons of crude ste...

News  Updated at: 2025/08/22

ial market access” for specific U.S. seafood and agricultural products. The framework also establishes that the U.S. will commit to a 15% sectoral tariff limit on semiconductors, among other products. Another notable item from the joint statement is the possibility for discounted rates on certain steel, aluminum and derivative products through quotas. The joint statement says that the EU and U.S. will “intend to consider the possibility to co...

News  Updated at: 2025/08/22

PowerCo awards construction contracts for St. Thomas gigafactory, Canada On August 21, PowerCo awarded two major construction contracts for its electric vehicle (EV) battery gigafactory in St. Thomas, Ontario, Canada. PowerCo will partner with the Steelcon Group of Companies for the structural steel work on the gigafactory, while Magil Construction Canada will develop the foundations of the gigafactory. The St. Thomas gigafactory will have three ...

News  Updated at: 2025/08/22

n Europe’s sustainable raw material supply. In the partnership, revomet will contribute advanced recycling technologies. CNGR will bring expertise in the production of precursors for active cathode materials (pCAM). While CRONIMET contributes its global network, decades of leadership in stainless steel recycling, as well as extensive logistics and collection capacities across Europe. Based on CRONIMET press release...

News  Updated at: 2025/08/21

t project to recycle end-of-life vehicles. The goal is to recover high-quality raw materials and reuse them in new Mercedes-Benz cars. Starting in summer 2025, vehicles in northwest Germany will be dismantled, regardless of brand. Pollutants and reusable parts will be removed, and materials such as steel, aluminium, plastics, copper, and glass will be sorted and reintroduced into production through TSR’s recycling process. The project aims to s...

News  Updated at: 2025/08/21

U.S. expands steel and aluminum tariffs across range of product categories On August 19, 2025, the U.S. Department of Commerce announced that it is expanding the list of goods subject to Section 232 tariffs on steel and aluminum imports. The Department of Commerce will add 407 additional product categories to the list of derivative steel and aluminum products covered by the sectoral tariffs. As such, the steel and aluminum content of these produc...

News  Updated at: 2025/08/21

Cleveland-Cliffs signs steel supply contracts with multiple U.S. automakers According to multiple reports, Cleveland-Cliffs Inc., the second-largest steelmaker in the U.S., has signed fixed-price steel supply contracts with multiple U.S. automakers. Notably, these contracts have durations extending up to three years, whereas steel contracts to automakers traditionally have a shorter duration, usually lasting a single year. The contracts are for f...

News  Updated at: 2025/08/21

IAA Mobility 2025: KIRCHHOFF, Germany to present cross car beams, crash management system and structural parts On August 18, KIRCHHOFF Automotive announced that it will present its safe, lightweight, cost-efficient, and sustainable innovations at IAA Mobility 2025. It will showcase the entire range of its cross-car beam technologies, including steel sheet construction to innovative aluminum designs and pioneering hybrid constructions (tube-in-tub...

News  Updated at: 2025/08/19