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US President Trump stated, “This agreement provides billions of dollars in increased market access for American exports, particularly in agriculture—opening doors for American beef, ethanol, and virtually all products from our great farmers. The UK will eliminate or reduce many non-tariff barriers that have unfairly restricted American goods.” Meanwhile UK Prime Minister Keir Starmer, added, “This deal will boost trade between our countries, protect existing jobs, and create new ones by opening up markets and expanding opportunity.”

Trump UK Tariffs Cut News, US-UK Trade Deal:

The Indian Stainless Steel Development Association (ISSDA) will approach the Commerce Ministry to investigate dumping of stainless steel items from China and Vietnam, affecting domestic industry competitiveness.

Stainless steel prices are showing firmness across grades, especially in the 200 and 300 series, driven by supply shortages and increased demand for PVC-coated material. Jindal Stainless has raised prices by Rs 2/kg for 304/316L as demand improves. 304 CR wider 2B now trades at Rs 189–194/kg, while 316L HR imported is around Rs 330/kg. Scrap purchase prices have also increased, reflecting cost pressures.

CHINA-STEELEXPORTS/ (PIX)Trade war set to slash China's steel exports, aggravating oversupply at home

Tata Steel Ltd. is expected to see a strong set of numbers sequentially in the fourth quarter of financial year 2025. Analysts tracked by Bloomberg expect the steel maker's bottom line to almost triple to Rs 1,167 crore, compared to Rs 415 crore in the previous quarter.

Steel provided an assist, five hits and a plus-2 rating in Wednesday's 3-2 win over the Jets in Game 1.

President Trump is expected to announce a trade deal with the UK on Thursday, his first of many, potentially addressing tariffs on steel and automobiles.

Rebar inventory rose 1.65% WoW to 6.14 million mt, while wire rod inventory increased 3.73% WoW to 1.22 million mt. Social inventories decreased for both.

Supreme Court cancels JSW's takeover of Bhushan Power & Steel, impacting lenders like PNB, which recovered ₹3,000 crore. PNB plans 11-12% credit growth and a ₹2.9 dividend.