THE BLOG
June 28, 2025
A new milestone has been achieved in the automotive and steel industries — Volvo Cars has signed a landmark agreement with Swedish steelmaker SSAB to begin using SSAB Zero™, a groundbreaking decarbonized steel, in the serial production of its vehicles starting in 2025. This collaboration marks a significant turning point in the global push toward sustainable manufacturing and carbon neutrality.
June 22, 2025
ArcelorMittal Kryvyi Rih, Ukraine's largest steel and mining enterprise, marks its 90th anniversary—a remarkable journey of resilience, innovation, and community commitment. From its founding in 1934 to its modern-day challenges and contributions, the company has played a crucial role in Ukraine’s industrial growth. Despite the ongoing war and operational hardships, ArcelorMittal Kryvyi Rih continues to modernize, invest, and contribute significantly to Ukraine’s economy and local communities. This milestone not only honors the past but also sets the stage for a future driven by sustainable development and the dedication of its people.
June 18, 2025
The Ukrainian steel industry in 2025 is facing unprecedented challenges, navigating through the pressures of declining exports, global market fluctuations, U.S. trade barriers, and severe wartime labor shortages. Despite these headwinds, Ukrainian steelmakers continue to fight for survival by adapting operations, supporting their employees, and investing in future growth.
June 15, 2025
Tata Steel is forging ahead with its global low-carbon transformation, unveiling plans to build a £1.5 billion Electric Arc Furnace (EAF) facility at Port Talbot, Wales, while simultaneously strengthening its position in India’s booming steel market. These initiatives highlight Tata Steel’s commitment to sustainable manufacturing, cost optimisation, and global competitiveness.
June 11, 2025
The steel and energy sectors are facing major shifts in 2025, driven by rapid policy changes, market pressures, and evolving global dynamics.
The UK steel industry is under intense pressure as the US threatens to impose a shocking 50% import tariff, risking cancelled orders and export disruption to one of its largest markets.
Across Europe, electricity prices have dropped significantly, influenced by falling gas prices and record renewable energy generation—offering both cost relief and new concerns about grid stability, highlighted by recent blackouts in Spain and Portugal.
Meanwhile, the UK’s growing reliance on imported steel—particularly from non-EU countries like India, Vietnam, and Turkey—is reshaping the competitive landscape, creating both opportunities and risks for buyers and suppliers
June 7, 2025
In a bold return to protectionist trade policy, the United States has reinstated a 25% duty on all imported metal products, effective March 12, 2025. This move significantly limits access to one of the world’s largest steel markets, dealing a fresh blow to foreign producers—particularly those in the European Union, who have historically depended on U.S. demand to drive exports.
At Lux Metal, we’re keeping a close eye on global trade dynamics that may reshape steel and metal flow patterns. Here’s a breakdown of what’s unfolding in the U.S., and how it could impact exporters, pricing, and industrial construction over the next few years.