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- United States -

US to Implement New Tariffs on Imports from Several Nations by August 1

The United States is set to impose new tariffs on goods from several countries, including a 25% levy on Indian goods, effective August 1, 2025, as announced today, July 31, 2025. This move follows previous tariff implementations and extended grace periods. India's tariff is additionally linked to its continued oil and defense purchases from Russia. Beyond India, tariffs on Brazilian goods will be raised to 50%, and new duties will be imposed on semi-finished copper imports. The tariff exemption for low-value overseas packages will also be scrapped. These actions are part of a broader strategy by the US administration to use tariff threats as a negotiation tool. While Canada and Mexico's trade flows are largely protected under the USMCA deal, other nations like South Korea have agreed to tariff terms (15%) in exchange for significant investment commitments and energy purchases from the US. These measures signal a continued focus on protectionist trade policies impacting global metal flows.

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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