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Steel & Metal
- United States -

Republicans Target US Energy Rules for Disapproval

Republican leaders in the US House of Representatives aim to disapprove at least seven energy-related measures issued under former President Joe Biden using a filibuster-proof process under the Congressional Review Act. House Majority Leader Steve Scalise released a list of 10 rules prioritized for disapproval votes, requiring only a simple majority to pass in each chamber.

A key target is a US Environmental Protection Agency regulation imposing a $900/t charge on oil and gas sector methane leaks, potentially providing a reprieve from a 31 August deadline for operators. Republicans also hope to disapprove an offshore oil and gas safety rule for drilling in high-pressure, high-temperature environments, as well as energy conservation standards for gas water heaters, energy efficiency labeling standards, and air pollution restrictions on rubber tire manufacturers.

Two energy measures might not qualify for disapproval: a waiver allowing California to boost sales of electric vehicles and plug-in hybrids, and voluntary guidance from the US Commodity Futures Trading Commission for trading carbon offset futures.

Iron ore futures extend gains as China outlines stricter steel capacity controls

Baosteel Q3 net profit jumps 130% on demand recovery and resilient exports

LME proposes permanent curbs on large nearby positions amid depleted stocks, zinc squeeze

China lifts curbs on Hancock Prospecting’s MB fines purchases, easing iron ore trade friction

China’s CISA mills lift early‑October crude steel output 7.5%; inventories also climb

India’s steelmakers seek relief from import curbs as H1 met coke shortfall widens

China iron ore futures slip; Tangshan concentrate prices steady amid tight supply

Indonesia suspends all scrap metal imports after radioactive contamination detected

Serbia asks EU to exempt it from proposed new steel tariffs and quota cuts

U.S. judge signals approval of Rio Tinto’s $138.75 million Oyu Tolgoi investor settlement

Rio Tinto says strong Q4 needed to hit iron‑ore target after Q3 shipments of 84.3 mt; China demand firm

ArcelorMittal’s M&A chief in South Africa for talks on sale of local unit, sources say

EU plan to halve steel import quotas and double out‑of‑quota tariff to 50% raises Indian export risk

Copper tops $11,000/t on LME as supply disruptions and fund buying lift prices