Core Points - The European Commission proposed cutting tariff-free steel import quotas by nearly 50% and implementing a 50% duty on excess shipments to support EU steelmaking viability [1][3] - EU steel producers are currently operating at only 67% capacity, and the new measures aim to increase this to approximately 80% [1] - The proposed tariff-free import volume is set at 18.3 million metric tons per year, a reduction of 47% from 2024 quotas [3] Industry Context - Current safeguards cap imports of 26 steel grades with a 25% tariff on excess imports, but these measures are set to expire in mid-2026 under WTO rules [2] - The new quota volumes are intended to align with import levels from 2013, marking the beginning of overcapacity issues [4] - The measures could reduce imports to a 15% market share, which industry representatives claim is crucial for saving hundreds of thousands of jobs [4] International Relations - The EU will need to negotiate with WTO partners, potentially leading to tariff-free allocations, with only EEA countries exempt from these changes [5] - Major steel exporters to the EU in 2024 include Turkey, India, South Korea, Vietnam, China, Taiwan, and Ukraine [5] - The new system may facilitate a deal with the United States to replace existing tariffs with a quota system, as discussed in a recent U.S.-EU agreement [5][6] Future Considerations - The EU aims to collaborate with like-minded partners to address overcapacity, particularly focusing on production from China [6]

The EU is doubling its tariffs on steel imports to 50% and slashing quotas as it grapples with a glut of cheap imports https://t.co/QjQQyajtYW ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) ("Cliffs†) announced today that it intends to offer to sell, subject to market and other conditions, an additional $200 million aggregate principal amount of Senior Unsecured Guaranteed Notes due 2034 (the "Additional Notes†) in an offering (the "Additional Notes Offering†) that is exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act†). The Additional Notes will be an issuance of Cliffs' existi. ...

Over the course of this year, the Trump administration has built a portfolio of strategic corporate holdings, with direct ownership stakes in several major companies.The strategy appears to largely revolve around securing critical supply chains in semiconductors, rare earths, lithium, and steel.More precisely, Washington now owns 10% equity stake in Intel (NASDAQ: INTC), 15% in MP Materials (NYSE: MP), 10% in Lithium Americas (NYSE: LAC), and 10% in Trilogy Metals (NASDAQ: TMQ).In addition, the government o ...

Core Viewpoint - The Trump administration has taken direct ownership stakes in five major publicly traded companies as part of a national security strategy aimed at securing domestic supply chains for semiconductors, critical minerals, and steel [1]. Group 1: Government Acquisitions - The government acquired a 10% stake in Intel Corp. (NASDAQ: INTC), a 15% stake in MP Materials (NYSE: MP), a 10% stake in Lithium Americas Corp. (NYSE: LAC), a 10% stake in Trilogy Metals Inc. (NYSE: TMQ), and a "golden share" in US Steel Corporation [2]. - The investment in Intel was facilitated by converting previously awarded CHIPS Act grants into a $5.7 billion investment, aimed at preventing a potential spinoff of Intel's unprofitable foundry business [9]. - The Department of Defense acquired a 15% stake in MP Materials, which operates the only fully integrated rare earth mining and processing facility in the U.S. [9]. Group 2: Company Performance - Intel's stock rose nearly 47.54% from $24.80 on August 22 to $36.59 by October 6 [9]. - MP Materials' stock increased by 64.77%, from $45.11 to $74.33, since the acquisition on July 11 [9]. - Lithium Americas' stock advanced by 20% from $7.04 to $8.45 following the government's stake acquisition on October 1 [9]. - Trilogy Metals' stock surged 215.30% in after-hours trading following the announcement of a $35.6 million investment [10]. Group 3: Strategic Implications - The acquisition of a "golden share" in US Steel grants the U.S. government permanent veto authority over key corporate decisions, reflecting a unique arrangement in corporate governance [13]. - The administration is considering further investments in major defense contractors, indicating a potential expansion of this strategy [11].

Core Viewpoint - U.S. trade tariffs, while seen as a hurdle by many investors, are benefiting domestic firms in the basic materials sector, particularly in steel, due to increased local production and a trend towards onshoring [1] Group 1: Cleveland-Cliffs Inc. (CLF) Investment Potential - Cleveland-Cliffs Inc. has recently reached a new 52-week high, indicating significant upside potential that is not fully priced in [2] - The inclusion of electrical steel and stainless steel derivative products in Section 232 has made imports of these metals more expensive, allowing Cleveland-Cliffs to capture market share [2] - The current steel prices are near a five-year low, and with the Federal Reserve cutting interest rates, a new bull market cycle for commodities may be on the horizon [3] Group 2: Demand and Financial Outlook - As business and consumer spending recover due to lower interest rates, steel demand is expected to rise, benefiting Cleveland-Cliffs and leading to improved margins and earnings per share [4] - Analysts forecast a significant improvement in Cleveland-Cliffs' EPS, projecting a swing from a net loss of 50 cents to a 17-cent EPS by the second quarter of 2026 [5] Group 3: Market Performance and Institutional Support - Cleveland-Cliffs' stock has surged by 19.1% in the past month, outperforming the S&P 500 by over 15%, indicating strong investor support [6] - The company reported a record 4.3 million tons of steel shipments, showcasing the positive impact of tariffs on domestic demand [7] - State Street increased its holdings in Cleveland-Cliffs by 20.2% in August 2025, reflecting strong institutional confidence in the company's prospects [8] Group 4: Market Sentiment and Short Interest - The short interest in Cleveland-Cliffs has declined by 3.3% over the past month, suggesting potential bearish capitulation amid tariff uncertainties [9] - The company's role in the onshoring of various industries and the increased market share from Section 232 inclusion make it an attractive option for investors seeking a favorable risk-to-reward ratio [9]

Group 1 - Pohang, a South Korean city, is closely associated with steelmaking, similar to Pittsburgh [1] - The local steel industry in Pohang is currently struggling [1] - U.S. levies have significantly impacted the steel industry in Pohang [1]

Core Points - Metallus has reached a tentative agreement with the United Steelworkers Local 1123 for a new four-year contract [1][2] - The agreement aims to ensure competitive wages and benefits for approximately 1,200 bargaining employees at the Canton, Ohio operations [2] Company Overview - Metallus (NYSE: MTUS) specializes in high-performance specialty metals, manufacturing components, and supply chain solutions [1][3] - The company has been in the business of producing high-quality steel for over 100 years and employs around 1,850 people [3] - In 2024, Metallus reported sales of $1.1 billion, indicating a strong market presence [3]

It seems that the European Union is fighting back when it comes to steel tariffs. They've raised their own levies to 50%. Is this the sort of escalation that precedes negotiation when you're dealing with President Trump.I mean, you know, I think that that's a fair argument there. You know, I mean, if you're looking potentially at sort of how other nations or other blocs and such have kind of tried to approach these types of tariffs, I mean, look at China, for example, which is kind of raising its own. What ...

Mumbai: German steelmaker Thyssenkrupp has called off its joint venture plan with Czech billionaire Daniel Kretinsky’s EP Group, as it considers rival suitor Naveen Jindal’s acquisition offer. Both EP Group and Thyssenkrupp AG “mutually agreed" to end the discussions on the possible equal joint venture for Thyssenkrupp Steel Europe, according to a joint statement. “EPG respects Thyssenkrupp AG's preference to concentrate on discussions with Jindal Steel International about its submitted indicative bid for ...