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The UK government published a draft primary legislation for its carbon border adjustment mechanism (CBAM) on Thursday April 24, with aluminium, iron and other steel goods all set to come under the policy.
An investigation in Germany into an entity active in the supply of hydrotreated vegetable oil (HVO) in the domestic market has reached a standstill, following an official update from the country’s government.
Chinese exports of long steel and steel billet increased sharply in the first quarter of 2025, preventing their prices from dropping more deeply amid a slow demand recovery in the domestic market, market participants said.
Mary Barra, chair and chief executive officer of General Motors (GM), told shareholders in a letter on Thursday May 1 the automaker has lowered earnings guidance for the year to offset its exposure to $4-5 billion in auto tariffs in order to retain current suggested retail pricing for its vehicles.
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