EU tightens curbs on Russia-linked steel trade Russia-linked steel trade faces tighter curbs Infrastructure demand boosts rebar consumption China expands steel derivatives market
ArcelorMittal has reported stronger-than-expected first-quarter core earnings, supported by firmer steel prices and improved performance in its North American operations. The company posted core earnings of $1.68 billion, slightly above analyst expectations of $1.65 billion, signalling better momentum for the global steel major.
The results come as European steel markets are seeing support from policy measures aimed at reducing imports and improving domestic capacity utilisation. European hot rolled coil prices have reportedly risen around 22% in six months, helped by tighter trade rules, carbon-related levies and stronger safeguards.
At the same time, the European Union’s 20th sanctions package has added fresh restrictions on Russia-linked metals trade. The measures cover certain metals, minerals, steel scrap, steel articles and tools used in metal production, with new import restrictions valued at more than €570 million.For steel companies, traders and importers, the message is clear: Europe is moving toward stricter trade controls, stronger compliance checks and better protection for regional steelmakers. While demand has not fully returned to earlier highs, higher prices and tighter import rules may support profitability across the European steel sector.
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