U.S. President Donald Trump’s latest proclamation, signed on Nov. 21, 2025, grants coke oven facilities a two-year reprieve from stringent Biden-era EPA rules, allowing them to operate under earlier, less costly standards. These facilities produce metallurgical coke, an indispensable input that powers approximately 70% of all steel production via blast furnaces. By easing near-term compliance pressure on metallurgical coke producers and related taconite iron ore assets, this proclamation should play the rol ...