After a rough start to the week, the majority of major Asian stock markets managed to recover and even ended the day significantly higher. The Jakarta Composite Index (+4.1%), the Nikkei 225 (+1.8%), and the TOPIX (+1.77%) all showed notable gains.

The European Commission (EC) has unveiled the Clean Industry Agreement, a strategic plan designed to bolster the competitiveness and sustainability of Europe's manufacturing sector.

The European Union anticipates losses of up to €28 billion ($29.3 billion) from the first wave of tariffs imposed by the Trump administration on steel and aluminum, according to Bloomberg.

In January, China issued government bonds totaling 693 billion renminbi, more than double the amount issued in the same month last year.

The European Commission has stated that it sees no justification for the US’s proposed policy of reciprocal tariffs under President Donald Trump and has pledged to take strong action against any potential tariff increases resulting from this policy.

The hot-rolled coil (HRC) market saw an uptick in prices across several regions at the start of 2025, despite ongoing market volatility.

The European Public Prosecutor’s Office (EPPO) in Frankfurt is investigating allegations of tax fraud involving the import of steel by an engineering company in the Rhine-Neckar region.

In 2024, POSCO, the South Korean steel giant, reduced its steel production by 1.1% year-on-year, reaching 33.17 million tons.

Turkish steel manufacturers increased their imports of ferrous scrap by 6.7% in 2024, reaching 20.09 million tons, according to data from the Turkish Statistical Institute (TUIK)

Thorsten Gerber, CEO of the Gerber Group, has once again voiced strong support for small and medium-sized enterprises (SMEs) in the EU during a session at the European Parliament on Wednesday.