India’s stainless steel pipe and tubing manufacturer Venus Pipes and Tubes Limited (VPTL) announced the commissioning of a new plant for the production of seamless steel pipes and tubing.

According to statistics, Vietnam's steel imports rose significantly in October, reaching approximately 1.52 million tons, a month-on-month increase of 33.5%. The value of these imports hiked by 23.9% to about US$996.4 million.

German Chancellor Friedrich Merz declared his government’s strong support for an EU plan to raise tariffs on foreign steel, specifically targeting cheap imports, mainly from China. Merz called the proposed measures a step in the right direction.

Brazil increased its iron ore exports by 5.7% in January-October 2025 compared to the same period in 2024, reaching 341.1 million tons, a record result for the first ten months of the year.

Global steelmaker ArcelorMittal increased its net profit by 72.1% in January-September 2025 compared to the same period in 2024, to $2.97 billion, according to a financial report published on the company’s website.

The global steel industry is experiencing its deepest crisis since the financial crisis of 2009. This conclusion was reached by participants at the 98th session of the OECD Steel Committee, held on November 4-5 in Paris.

Average export prices for Brazilian pig iron fell to $385/t in the first half of October, compared to $395/t at the end of September. According to Kallanish, prices fell by $10–15 per tonne because producers needed to sell their goods before the start of the rainy season in October–March.

Jindal Steel Sohar (JSS), the largest privately owned integrated steel producer in the Persian Gulf, has completed a major modernization project at its Sohar facility by replacing outdated protection relays with ABB’s advanced Relion® technology.