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Steel & Metal
- Germany -

German Minister's Steel Tariff Push Fails to Yield Results in Washington

A recent high-profile visit by German Finance Minister Lars Klingbeil to his U.S. counterpart, Treasury Secretary Scott Bessent, appears to have failed in its objective to secure exemptions for German steel from U.S. tariffs. Media reports from August 6, 2025, indicate that neither the German Finance Ministry nor the U.S. Treasury Department made any announcements regarding steel and aluminum tariffs following the meeting. Klingbeil had publicly stated his intention to discuss a possible export quota system for steel to bypass the U.S. Section 232 tariffs. His public criticism of the ongoing EU-U.S. customs deal drew sharp rebuke from Brussels, with some officials suggesting his actions were counterproductive. The lack of an official statement on the matter suggests that the discussions did not lead to a breakthrough. This development highlights the ongoing tension and lack of resolution in trade relations between the EU and the U.S. concerning steel and aluminum

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