[Taiwan inundated by Chinese cold-rolled steel imports]

European Metal Recycling resumed phased operations at its scrap shredder in Camden, New Jersey, after a court overturned the temporary suspension of its licence. The facility had been idled following a fire and must meet additional safety requirements before fully restarting. EMR has introduced a new lithium-ion battery fire-risk framework, while local residents remain concerned about repeated fires and smoke exposure.

The USDOC determined that South Korean exporters did not sell cold-rolled steel flat products below normal value during the September 1, 2023 to August 31, 2024 review period. Hyundai Steel, POSCO, and POSCO International received a 0.00% margin. Ameri-Source Korea, Hanawell, and KG Dongbu Steel received a 2.28% margin. The cash deposit rate for all other producers remains 20.33%. The final findings took effect on July 13, 2026.

The European Commission plans to overhaul its Emissions Trading System on July 17 to balance climate targets with economic interests. The draft proposal extends carbon allowances into the 2040s and grants an extra €6 billion in free permits to heat producers, fuel users, and CBAM-covered businesses beyond 2034. It also recommends slowing the mandatory annual 4.3% emissions cut by lowering the linear reduction factor. In return, member states must use carbon revenues to fund local green technologies, international offset projects, and cleaner energy transitions.