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AISI elects Tom Cox to board of directors
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Steel Radar•February 04, 2026•1 min read
Steel Radar•February 04, 2026•1 min read
AISI chairman and chairman, president and CEO of Cleveland Cliffs, Lourenco Goncalves, stated that Cox will make a significant contribution to the board with his extensive technical, metallurgical and operational experience. He emphasized that with decades of experience, Cox brings invaluable knowledge to AISI leadership and added that the institute is pleased to welcome him to the board.
AISI president and CEO Kevin Dempsey highlighted that Cox’s broad experience in the steel industry will provide a valuable perspective to the board. He stated that Cox’s long standing industry background will support the board’s work on many critical issues facing the US steel industry and noted that AISI looks forward to his contributions.
Tom Cox has been with SSAB Americas since 2001, holding various roles in technical services, continuous improvement and rolling mill operations. In 2020, he was appointed general manager of SSAB’s facility in Montpelier, Iowa. Prior to joining SSAB, Cox worked at LTV Steel.
Cox holds a bachelor’s degree in metallurgical engineering from Iowa State University and a master’s degree in business administration from St. Ambrose University.
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steel04 Feb 2026
By
Steel Industry News12 min read
Steel Industry News12 min readUS Steel Imports Fall 12% in December 2025 as Specialized Demand Rises
✅ Key Takeaways Introduction: Why December 2025 Matters for US Steel Imports December 2025 US Steel Import Data: Volumes and Market Share Headline December figures December in the context of 2025 December 2025 Product Trends: Where US Steel Imports Rose Products with strong December permit increases Specialized product categories with full-year growth Semifinished Steel Imports: Blooms, Billets, and Slabs in 2025 Semifinished inputs and the December picture Census signals on semifinished trends Oil Country Goods, Line Pipe, and Tubular Products: High-Spec Imports the US Still Needs Oil country tubular goods (OCTG) Line pipe and other high-spec tubulars Why tubular imports persist despite tariffs Why Many December 2025 Steel Imports Are Hard to Replace Domestically Technical specialization and scale Semifinished feedstock for domestic finishing Short-term and seasonal demand spikes Conclusion: December 2025 and the Future of US Steel Imports Check out our most recent articles below: 📬 o
US Steel Imports Fall 12% in December 2025 as Specialized Demand Rises
Steel Industry News
04 February 2026
steel04 Feb 2026
BySteel Radar1 min read
Steel Radar1 min readAISI elects Tom Cox to board of directors
AISI chairman and chairman, president and CEO of Cleveland Cliffs, Lourenco Goncalves, stated that Cox will make a significant contribution to the board with his extensive technical, metallurgical and operational experience. He emphasized that with decades of experience, Cox brings invaluable knowledge to AISI leadership and added that the institute is pleased to welcome him to the board. AISI president and CEO Kevin Dempsey highlighted that Cox’s broad experience in the steel industry will provide a valuable perspective to the board. He stated that Cox’s long standing industry background will support the board’s work on many critical issues facing the US steel industry and noted that AISI looks forward to his contributions. Tom Cox has been with SSAB Americas since 2001, holding various roles in technical services, continuous improvement and rolling mill operations. In 2020, he was appointed general manager of SSAB’s facility in Montpelier, Iowa. Prior to joining SSAB, Cox worked at L
AISI elects Tom Cox to board of directors
Steel Radar
04 February 2026
steel04 Feb 2026
BySteel Radar3 min read
Steel Radar3 min readPOSCO Group announces 2026 management strategy with focus on execution and results
POSCO Group Chairman In-hwa Chang stated that the group aims to deliver tangible outcomes from future investments through bold structural transformation amid an increasingly complex global crisis environment and to prove these outcomes with clear figures. POSCO Group held its first group management meeting of the year on January 29 under the chairmanship of In-hwa Chang. During the meeting, business plans of group affiliates and key pending issues were reviewed. Major agenda items included increasing competitiveness by business segment, presenting management performance in quantitative terms and achieving a clear increase in efficiency. Speaking at the meeting, Chang emphasized that rising global trade barriers and a prolonged low growth environment require a fundamental restructuring centered on profitability to overcome stagnation. He stated that the group will shift to a high intensity emergency management mode in order to restore market confidence. In the steel sector, POSCO Group
POSCO Group announces 2026 management strategy with focus on execution and results
Steel Radar
04 February 2026
steel04 Feb 2026
BySteel Radar2 min read
Steel Radar2 min readU.S. crude steel production increased by 3.4% as yearly in the week ending January 31
According to data from the American Iron and Steel Institute (AISI), U.S. crude steel production totaled 1,758,000 net tons in the week in question. In the same period last year, production stood at 1,700,000 net tons. The capacity utilization rate was recorded at 76.0% this year, compared with 76.3% a year earlier. Production declined compared with the previous week ending January 24, 2026. Output, which was 1,778,000 net tons in the week ending January 24, decreased by 1.1% to 1,758,000 net tons in the week ending January 31. During the same period, the capacity utilization rate decreased from 76.9% to 76.0%. As of January 31, 2026, adjusted year-to-date U.S. crude steel production reached 7,774,000 net tons. This represents a 3.4% increase compared with 7,518,000 net tons produced in the same period last year. Year-to-date capacity utilization averaged 76.0%, versus 76.3% in the corresponding period of the previous year. According to AISI data, regional U.S. crude steel production f
U.S. crude steel production increased by 3.4% as yearly in the week ending January 31
Steel Radar
04 February 2026
steel04 Feb 2026
BySteel Radar2 min read
Steel Radar2 min readPoland has appealed to the European Commission over Ukraine’s scrap metal export ban
The dispute has emerged at a time when the European Union continues to provide political, financial, and military support to Kyiv following Russia’s attacks on Ukraine. While Poland has been one of Ukraine’s strongest supporters during the war, recent issues involving agricultural products, transit transportation, and scrap trade have strained relations between the two countries. As of 1 January 2026, Ukraine began applying a zero export quota on ferrous scrap. This decision has largely halted shipments of a key raw material, particularly used in electric arc furnaces (EAFs). Poland’s Ministry of Economic Development and Technology stated that the restrictions are disrupting supply chains and risk increasing production costs. The ministry noted that around half of Poland’s steel production is carried out in scrap-based electric arc furnaces, and emphasized that Ukraine has long been one of the country’s most important scrap suppliers. Officials warned that potential raw material shorta
Poland has appealed to the European Commission over Ukraine’s scrap metal export ban
Steel Radar
04 February 2026
steel04 Feb 2026
BySEAISI News3 min read
Italy seeks faster CBAM extension to downstream products
Posted on 04 Feb 2026 Italy is calling for a faster extension to the scope of the Carbon Border Adjustment Mechanism (CBAM) to downstream products, calling the current proposed start date of 1 January 2028 too distant, Minister of Enterprises and Made in Italy Adolfo Urso says. The comments were made at a recent meeting in Rome with representatives from other ministries and industry associations, including Federacciai, Italy’s steelmakers’ association. Urso noted that the scope of finished products covered by an expanded CBAM must be carefully defined to protect industrial value chains and avoid market distortions. He added that any potential inclusion of ferrous scrap should be considered. Clarity is also needed on how the temporary decarbonisation fund – designed to support exports – will operate, as well as any CBAM anti-circumvention mechanisms. Regarding the review of the EU Emissions Trading System (ETS), Urso said it should take into account the first evidence emerging from CBAM
Italy seeks faster CBAM extension to downstream products
SEAISI News
04 February 2026
steel04 Feb 2026
BySteel Radar1 min read
Steel Radar1 min readMT Makina to invest TL 430 million in a waste sorting facility in Uzbekistan
With a history spanning nearly a quarter of a century, MT Makina has signed an agreement for a USD 10 million investment in Uzbekistan as part of environmental projects aimed at supporting the circular economy. The agreement was signed between Sherifbek Khasanov, Chairman of the Uzbekistan Agency for the Development of Waste Management and the Circular Economy, and Müslüm Bağluca, Founder of MT Makina. The facility to be established is planned to have the capacity to process up to 500 tons of waste per day. Within the scope of the project, new production areas are also expected to be commissioned, enabling the annual production of up to 1,000 units of specialized equipment and waste containers. While the new investment is expected to make a significant contribution to the regional economy, it has been reported that the facility will initially create employment for approximately 100 people. The project is scheduled to become operational in 2027. Founded in the early 2000s, MT Makina man
MT Makina to invest TL 430 million in a waste sorting facility in Uzbekistan
Steel Radar
04 February 2026
steel04 Feb 2026
BySteel Radar1 min read
Steel Radar1 min readLiberty Steel starts accelerated sale of Hartlepool pipe unit
It is reported that around 170 people are employed at the Brenda Road site, which supplies carbon steel pipes to numerous countries worldwide. The facility recently produced more than 50,000 tonnes of pipes as part of a major carbon capture project in Teesside. The decision to launch the sale process is notable, coming after other UK operations owned by Liberty Steel Group chairman Sanjeev Gupta entered liquidation last year. Ongoing financial difficulties across the company’s UK operations have increased uncertainty over the future of the Hartlepool site. Industry sources indicate that the accelerated sale process is being pursued to ensure continuity of production and protect employment. Management is reported to have already begun discussions with potential investors interested in acquiring the facility. The sale of Liberty Steel’s Hartlepool pipe unit is seen as one of the key steps in the recent restructuring of the UK steel sector.
Liberty Steel starts accelerated sale of Hartlepool pipe unit
Steel Radar
04 February 2026
steel04 Feb 2026
BySEAISI News4 min read
Shagang rolls over product prices for longs, flats for early-Feb sales
Posted on 04 Feb 2026 Shagang Group (Shagang), China's leading privately-owned steelmaker, has decided to hold its list prices for long products for sales during February 1-10 from its previous eleven-day sales period, the company announced last Sunday. With its latest pricing policy, Shagang continues to hold the price of its HRB400 16-20mm rebar at Yuan 3,450/tonne ($495/t), its HPB300 6-10mm wire rod at Yuan 3,470/t, and its HRB400 8-10mm bar-in-coil at Yuan 3,560/t. All prices are EXW and include the 13% VAT. Shagang, headquartered in Zhangjiagang in East China's Jiangsu province, updates its long steel prices three times a month and is generally regarded as the price-setter for the domestic long steel market, particularly in East China, as reported. The mill has now rolled over its longs prices for fourteen consecutive sales cycles, a decision which market watchers in East China say reflects the steelmaker's cautious, wait-and-see approach for the near-term long steel market. With
Shagang rolls over product prices for longs, flats for early-Feb sales
SEAISI News
04 February 2026
steel04 Feb 2026
BySteel Radar2 min read
Steel Radar2 min readUMB Steel partners with SMS group for Europe’s first CMT® 700 mill in Romania
The new long products rolling mill will be integrated into the existing steel production complex and will operate with a continuous, “endless” production process. Through this investment, the facility aims to both reduce carbon emissions and increase production efficiency. With the new mill, UMB Steel primarily intends to meet the demand for sustainable construction materials for the UMB Group’s road construction projects. The CMT® 700 plant, with an annual production capacity of approximately 700,000 tonnes, will enable the production of straight bars, compact coils, and wire rod. SMS group will supply the mechanical, electrical, and automation systems from a single source, integrating the new casting and rolling facilities into the existing plant infrastructure. The innovative CMT® technology allows cast products to be transferred continuously from the melting shop to the rolling mill, enabling uninterrupted production of scrap-based long products. As the system eliminates the need f
UMB Steel partners with SMS group for Europe’s first CMT® 700 mill in Romania
Steel Radar
04 February 2026
steel04 Feb 2026
BySEAISI News3 min read
China's HRC export prices tick higher
Posted on 04 Feb 2026 China’s export price of SS400 3mm hot-rolled coil (HRC) under Mysteel’s assessment at North China's Tianjin port edged up by $3/tonne during the week of January 26-30 to $463/t FOB by last Friday, Mysteel's latest market roundup showed. Offering prices for hot coil for export stood above $475/t FOB China early last week, following a small rally in HRC futures, and then softened to around $465/t FOB by mid-week due to sparse inquiries and slower restocking moves from overseas buyers. By end-week, HRC offers from mainstream Chinese steel mills had returned to above $470/t, while transaction prices were generally around $465/t FOB China. In India, domestic hot coil prices continued to rise, supported by active buying, tight spot availability and strong export bookings. Traders expect mills to lift list prices further and are actively rebuilding inventories, while steelmakers prioritizing previously committed contracts are limiting available coils in the spot market,
China's HRC export prices tick higher
SEAISI News
04 February 2026
steel04 Feb 2026
BySEAISI News3 min read
The EU imported 4.55 million tons of iron and steel products from Russia in January-November
Posted on 04 Feb 2026 In January-November 2025, the European Union imported 4.55 million tons (-9.8% y/y) of steel raw materials of Russian origin. The cost of imports reached €1.85 billion (-22.4% y/y). This is evidenced by GMK Center calculations based on Eurostat data. The bulk of imports consists of semi-finished products. In the first 11 months of 2025, 3.19 million tons of semi-finished products (+9.9% y-o-y) were shipped to the EU. Import costs amounted to €1.4 billion (-5% y/y). The largest consumers of semi-finished products from Russia are Belgium – 1.16 million tons (+1.2% y/y), Italy – 718,070 tons (+7.7% y/y), the Czech Republic – 711.4 thousand tons (+62.5% y/y), and Denmark – 498.35 thousand tons (+7.6% y/y). Large volumes of imports are accounted for by cast iron – 696.99 thousand tons (-32.2% y/y). The revenue of Russian iron and steel companies from supplying products to the EU market amounted to €254.45 million (-39.5% y/y). The main volumes were sent to Italy – 524.
The EU imported 4.55 million tons of iron and steel products from Russia in January-November
SEAISI News
04 February 2026
steel03 Feb 2026
BySteel Radar2 min read
Steel Radar2 min readThailand steel demand increased, imports and weak prices pressure the market
However, market data indicate that growth momentum is expected to slow markedly in 2026 and beyond. According to sector data, Thailand’s steel market remains heavily reliant on imports. As of 2025, around 55% of total steel supply was covered by imports, with China accounting for the largest share at 46%. Japan followed with a 31% share, while South Korea accounted for 13%. As of the end of January 2026, steel prices in the domestic Thai market have been on a downward trend. Scrap prices recorded a month on month decrease of 1.8%, while rebar prices saw a sharper decrease of 3.7%, falling to 19,665 baht per tonne. Market participants stated that weakening demand and strong import pressure continue to weigh on prices. Expectations for the 2026–2027 period point to a more moderate increase in consumption. Steel demand is forecast to increase by between 1% and 1.6%, averaging around 18.7 to 18.9 million tonnes annually. Disruptions in global supply chains, geopolitical uncertainties and a
Thailand steel demand increased, imports and weak prices pressure the market
Steel Radar
03 February 2026
steel03 Feb 2026
BySEAISI News4 min read
JISCO successfully commissions first integrated CSP® HSM line in Jiayuguan following upgrade and expansion, with full automation supplied by SMS group
Posted on 03 Feb 2026 On February 2, an official ceremony held at JISCO Carbon Steel in Jiayuguan, China marked the commencement of production on the world’s first integrated line combining hot strip mill (HSM) and compact strip production (CSP ® ) modes. The project has significantly enhanced JISCO’s operational flexibility, broadened its portfolio with higher value steel grades, and increased annual capacity from 2 million to 4.5 million tons. SMS group supplied the full automation scope for the line, enabling a rapid switchover between production routes and ensuring a fast ramp-up and stable performance from the very first coil, which itself was rolled on December 30, 2025. The world’s first combination of CSP ® short process technology with continuous HSM rolling gives JISCO Carbon Steel the ability to adapt its production to changing product mixes while maintaining high throughput. SMS’s integrated X Pact ® automation synchronizes billet scheduling and rolling rhythm between the C
JISCO successfully commissions first integrated CSP® HSM line in Jiayuguan following upgrade and expansion, with full automation supplied by SMS group
SEAISI News
03 February 2026
steel03 Feb 2026
BySteel Radar1 min read
Steel Radar1 min readChina maintains leadership in shipbuilding in 2025
According to official data released on Monday, China retained its status as the world’s leading shipbuilding nation in terms of total output as well as new and outstanding orders. Data from the Ministry of Industry and Information Technology showed that China’s shipbuilding output reached 53.69 million deadweight tonnes in 2025, marking an increase of 11.4% compared with the previous year. The increase further reinforced the country’s strong standing in the sector. The figures indicated that China’s manufacturing sector accounted for 56% of global shipbuilding output, allowing the country to maintain a clear lead in worldwide production. Outstanding orders totaled 274.42 million deadweight tonnes, representing 66.8% of the global total. New ship orders reached 107.82 million deadweight tonnes, corresponding to 69% of the global market. With this performance, China preserved its leading position in the global shipbuilding industry for the 16th consecutive year. The data underscored the
China maintains leadership in shipbuilding in 2025
Steel Radar
03 February 2026
steel03 Feb 2026
By
SteelBazaar News2 min read
SteelBazaar News2 min readIndia Unveils $24 Billion CCUS Investment in Budget 2026-27
In a major push toward decarbonization, the Indian government has allocated $24 billion to Carbon Capture, Utilisation, and Storage (CCUS) under the Union Budget 2026–27. This strategic move aims to slash industrial emissions and support India’s net-zero targets by 2070. The plan prioritizes large-scale CCUS deployment across high-emission sectors like steel, cement, and power. The funding will focus on developing infrastructure, supporting R&D, and encouraging private sector participation through incentives and policy frameworks.This initiative signals India’s commitment to sustainable industrial growth while balancing energy demands. For the steel sector, which contributes significantly to carbon emissions, the investment opens doors to cleaner production methods and long-term competitiveness in global green markets. Industry experts view the move as a game-changer that positions India as a serious player in climate innovation. The policy also aims to attract international partne
India Unveils $24 Billion CCUS Investment in Budget 2026-27
SteelBazaar News
03 February 2026
steel03 Feb 2026
BySEAISI News3 min read
Emissions in China’s steel industry rose by 4.4% y/y in December
Posted on 03 Feb 2026 In December 2025, Chinese steel enterprises belonging to the CISA industry association increased their total emissions by 4.41% compared to December 2024. This is evidenced by data from the association. Despite the increase, emissions of sulfur dioxide, particulate matter, and nitrogen oxides in waste gases decreased by 16.74%, 3.65%, and 19.35% year-on-year, respectively. Total energy consumption by participating companies in December decreased by 6.4% y/y. Total energy consumption per ton of steel increased by 4.4% y/y, and comparable consumption increased by 2.5% y/y. Electricity consumption per ton of steel increased by 6.2% y/y. Total electricity consumption decreased by 0.5% y/y. Own electricity production decreased by 1.4% y/y, and its share in the total balance decreased by 0.57 p.p. to 58.95%. Clean energy production increased by 46.9% y/y, including wind energy by 415.1% and solar energy by 42.2%. Water consumption by member companies increased by 3.6% y
Emissions in China’s steel industry rose by 4.4% y/y in December
SEAISI News
03 February 2026
steel03 Feb 2026
BySteel Radar2 min read
Steel Radar2 min readNew financing offer for the manufacturing industry as TL 100 billion
It is stated that the primary objective of the program is to protect production and employment, and accordingly, it is planned to provide credit facilities on favorable terms, particularly for businesses experiencing difficulties in accessing finance. With the new support program, economic authorities aim to ease the financing pressure on the real sector and to secure the cash flow that manufacturing companies need in order to sustain their operations. The package is defined as a comprehensive framework that not only addresses short-term liquidity needs but also contributes to the preservation of production capacity. According to the announced program, all manufacturing industry enterprises operating in Türkiye are included within the scope of support. Regardless of their size, companies engaged in manufacturing will be able to apply for financing support under the specified conditions. The credit facility to be offered includes a 6 month principal repayment grace period and a maturity
New financing offer for the manufacturing industry as TL 100 billion
Steel Radar
03 February 2026
steel03 Feb 2026
BySteel Radar2 min read
Steel Radar2 min readSAIL posts 260% increase in net profit in third quarter of FY 2025-26
The company reported that net profit for the October to December period more than doubled to 374.03 crore rupees, compared with 141.89 crore rupees recorded in the same period a year earlier. According to a regulatory filing, total income increased by more than 11% year on year to 27,545.93 crore rupees from 24,723.43 crore rupees. SAIL chairman Amarendu Prakash stated that higher sales volumes, operating leverage and prudent financial management supported profitability. He emphasized that profit after tax for the first nine months of FY 2026 increased by 60% on a yearly basis, reflecting a significant improvement. He added that strong sales momentum, solid domestic demand and rising market penetration underpinned the performance. The company stated that despite volatility in input costs and an intense competitive environment, it maintained operating profitability through higher sales volumes, an optimized product mix and continued cost discipline. Profit after tax for the April to Dec
SAIL posts 260% increase in net profit in third quarter of FY 2025-26
Steel Radar
03 February 2026
steel03 Feb 2026
BySEAISI News3 min read
The US reduced its imports of rolled steel products by 18.7% m/m in November
Posted on 03 Feb 2026 According to the American Iron and Steel Institute (AISI), US steelmakers reduced their imports of rolled steel by 18.7% year-on-year – to 1.08 million tonnes in November 2025. Total steel imports (rolled products and semi-finished products) for the month fell by 5.2% month-on-month to 1.64 million tons. The largest volume of imports was accounted for by line pipes – 108,040 tons (+31.6% month-on-month), tinplate – 107.92 thousand tons (+17.5% month-on-month), hot-dip galvanized rolled products – 102.28 thousand tons (-28% month-on-month), and products for the oil industry – 98.89 thousand tons (-24.9% month-on-month). Finished products accounted for 66.2% of total imports for the month. In January-November, the US reduced its imports of rolled products by 15.4% compared to the same period in 2024, to 17.5 million tons. Total steel imports amounted to 23.66 million tons (-11.5% y/y). The main volumes of supplies are accounted for by products for the oil industry –
The US reduced its imports of rolled steel products by 18.7% m/m in November
SEAISI News
03 February 2026