The Steelmakers Association (SMA) has proposed a comprehensive five-point plan to the incoming Donald Trump administration aimed at bolstering the US manufacturing sector. Key measures include increased tariffs to support domestic steel production, opposition to unfair trade practices, reduction of excessive regulation, implementation of a pro-growth tax policy, and monetizing America's environmental benefits. The SMA's President Philip K. Bell emphasizes the strategic importance of domestic steel for infrastructure, automotive, and engineering, as well as national security. Meanwhile, the Canadian Steel Association urges urgent dialogue amidst Trump's threats of tariffs on imports from Canada, Mexico, and China.

Global pig iron production witnessed a significant 8% month-on-month jump in October 2024, totaling 118.3 million tons. The blast furnace method contributed 104.93 million tons, while the direct reduction method accounted for 13.37 million tons. Despite this monthly surge, production for January-October 2024 declined 2.2% year-on-year. China, India, and Japan remain the top producers, with notable changes in production volumes. Explore the latest trends and statistics in global pig iron production.

European steelmakers are appealing to the European Commission to limit scrap exports to support the EU's sustainable development goals and maintain industrial competitiveness. The European Steel Association (EUROFER) emphasizes scrap as a strategic raw material for achieving environmental objectives. As the EU's ambition climate policy boosts scrap demand, concerns arise among emerging markets like Turkey, Egypt, India, and Pakistan, which rely heavily on EU scrap exports. The proposed restrictions and CBAM introduce complexities to global ferrous scrap trade, impacting production and demand dynamics.