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Steel & Metal
- United States -

New Trade Deal Maintains Steel Tariffs, Adds Quotas on EU Imports

The newly announced U.S.–EU trade framework includes a 15% tariff on approximately 70% of EU exports to the U.S., covering sectors such as cars, semiconductors, and pharmaceuticals  . However, exports of EU steel and aluminum remain subject to a 50% tariff, even after deal adjustments. In return, EU commitments include $750 billion in U.S. energy imports by 2028 and €600 billion in investment in the U.S. economy. While tariffs for most industrial goods are capped, critics say the agreement fails to resolve U.S. metal tariffs, which continue to squeeze exporters. The structure—traded-off tariffs in one area for commitments in another—is expected to remain in place through President Trump’s term, although questions persist about WTO compatibility and legality under international trade rules

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