[Thailand's Steel Industry Seeks Government Support Amid Rising Costs]

[Ferromolybdenum Steel Mill Tender Information] SMM April 14, a steel mill in Fujian priced its ferromolybdenum tender at 285,500 yuan/mt on April 14, cash payment, quantity to be confirmed.

The EU reached a preliminary agreement on Monday to cut steel imports by nearly half and impose a 50% tariff on excess steel imports to protect the EU steel industry from the impact of overcapacity in other regions. Affected by rising imports and the 50% tariff imposed by US President Trump, the capacity utilization rate of EU steel producers currently stands at only 65%. The new measures aim to raise the capacity utilization rate to 80%. The European Parliament and representatives of the Council of the EU, which represents the governments of EU member states, reached an agreement on Monday evening to cap duty-free imports at 18.3 million mt per year, a 47% reduction from 2024, while doubling tariffs on volumes exceeding the quota.