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Steel & Metal
- United States -

EU Awaits U.S. Follow-Up on Steel/Aluminium Deal; Quotas and “Metals Alliance” Planned

The European Union said it awaits U.S. follow-through on trade deal commitments covering steel and aluminium, after the two sides agreed to establish tariff-rate quotas and a prospective “metals alliance” that would later reduce duties. For now, EU exports still face U.S. tariffs of 50% on steel and aluminium, keeping pressure on European smelters and mills. The situation has driven increased exports of scrap metal—an input for electric-arc furnaces—amid shifting trade flows. Brussels expects Washington to detail implementation steps and timelines, including quota volumes and criteria, to provide clarity for producers and downstream manufacturers. The interim environment has added complexity for procurement and pricing strategies, especially for transatlantic supply chains reliant on semi-finished products. Today’s update did not specify dates for the quota regime’s start, nor adjustment mechanisms tied to market conditions or decarbonisation efforts. The proposed “metals alliance” is envisioned to align on standards and emissions metrics to promote low-carbon steel and aluminium trade over time. Until finalised, European suppliers continue to navigate elevated tariff exposure when selling into the U.S. market, while monitoring potential exemptions or carve-outs. Industry stakeholders are also watching for related moves on copper and other industrial metals that could further reshape trade flows and pricing.

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