Metal & Steel News
The year-to-date capability utilization rate also improved to 77.7%, compared with 76.1% in 2025.
Sheinbaum spoke at a morning press conference as U.S. Trade Representative Jamieson Greer visits Mexico for talks.
The expansion has already generated more than 125 well-paying jobs in the region, reinforcing the company’s position as the largest producer of primary aluminum in the United States.
While not as extraordinary, copper prices surged roughly 41% to end 2025 at around $5.70/lb.
The other key focus is the potential POSCO partnership.
These proposals could sharply increase carbon tax costs on Indian manufactured exports to Europe.
Tin mill products produced at the Gary Tin Mill will be used in essential applications, including food and beverage packaging, aerosol products, oil filtration goods, and other critical end markets.
Maldum highlighted the operational benefits, noting that transparency in volumes and logistics supports a stable and cost-efficient recycling system.
China’s continued smelting capacity expansion pushed active capacity to a record 10.73 million tonnes (Mt), up more than 775,000 tonnes year-on-year and well above the three-year average.
However, the ongoing Middle East conflict is likely to weigh on demand in the region during 2026.
The mill is powered by an 1,800-acre solar farm, making it the world’s largest solar-powered steel mill.
The upward revision reflects a fundamental shift in demand, driven by the global energy transition.
The year-to-date capability utilization rate improved to 77.5 percent from 76.1 percent in 2025.
The new measures will apply to imported products from all countries, except for European Economic Area members Iceland, Liechtenstein and Norway.
The estimated finished steel import market share was 16% in March and 15% year-to-date.
The investment builds on Glencore’s earlier financial backing of the project, which had secured the company marketing rights for the facility’s output.
A second or subsequent offence would result in a fine up to $25,000, up to 10 years in prison, or both.
The aim is to boost homegrown steelmakers’ production to meet half of domestic demand, serving strategically significant sectors such as defense, infrastructure and clean energy.
Investigators said the stolen metal was primarily smuggled to buyers in China between 2020 and 2025.
Business Alabama reports that the new plant is expected to begin production in 2027 and add 200 jobs.
BIR emphasized that credible green steel definitions must rely on transparent, verifiable carbon intensity metrics without adjustment mechanisms that dilute sustainability claims.
Illinois-based Ascent laid off more than 100 workers and shuttered the plant in 2023.
The escalation of tensions involving Iran alone triggered a roughly 7% decline, bringing prices closer to the $12,000 mark.
The initiative aligns with Canada’s Defence Industrial Strategy and Buy Canadian policies.
On a week-over-week basis, production also recorded modest growth.