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Steel & Metal
- United States -

Trump's Wind Energy Ban Threatens U.S. Steel Plate Market and Renewable Growth

President-elect Donald Trump has announced plans to halt the construction of wind turbines, a move that could significantly impact the U.S. steel plate market. During a recent press conference, Trump criticized wind energy as "the most expensive energy" and pledged to implement a policy preventing new wind projects, particularly on federal land. This stance threatens billions in planned investments and could reduce demand for steel plates used in wind turbine construction. Industry experts warn that Trump's approach may hinder renewable energy growth and increase costs for consumers, as well as jeopardize jobs in the wind sector.

Iron ore futures extend gains as China outlines stricter steel capacity controls

Baosteel Q3 net profit jumps 130% on demand recovery and resilient exports

LME proposes permanent curbs on large nearby positions amid depleted stocks, zinc squeeze

China lifts curbs on Hancock Prospecting’s MB fines purchases, easing iron ore trade friction

China’s CISA mills lift early‑October crude steel output 7.5%; inventories also climb

India’s steelmakers seek relief from import curbs as H1 met coke shortfall widens

China iron ore futures slip; Tangshan concentrate prices steady amid tight supply

Indonesia suspends all scrap metal imports after radioactive contamination detected

Serbia asks EU to exempt it from proposed new steel tariffs and quota cuts

U.S. judge signals approval of Rio Tinto’s $138.75 million Oyu Tolgoi investor settlement

Rio Tinto says strong Q4 needed to hit iron‑ore target after Q3 shipments of 84.3 mt; China demand firm

ArcelorMittal’s M&A chief in South Africa for talks on sale of local unit, sources say

EU plan to halve steel import quotas and double out‑of‑quota tariff to 50% raises Indian export risk

Copper tops $11,000/t on LME as supply disruptions and fund buying lift prices