Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
The European Commission plans to slash steel import quotas by nearly 50% and introduce tariffs of up to 50% on shipments exceeding those limits.
This move is part of a new safeguard package aimed at defending EU steel producers from global oversupply and rising competition, particularly from Asia.
Commission President Ursula von der Leyen said the framework will align closely with US trade defense measures, highlighting Brussels’ commitment to strengthening Europe’s industrial competitiveness.
While the measures are expected to protect local mills and secure jobs, analysts warn of potential trade frictions with major exporters such as China, India, Japan, and Turkey. The package is scheduled to be formally presented next week.
Also Read : ArcelorMittal France Plans Fos-sur-Mer Blast Furnace Restart in H1 2026 Growth in low-emissions power expected to cover demand, IEA says
Nornickel, struggling to import equipment to sanctions-hit Russia, will close its Arctic copper plan...
China 22-Apr-2024
The EU has started a new project, ZHyRON, which involves the introduction of a new process for proce...
Ferrous 06-Feb-2024
China is set to mandate steel production cuts in an effort to control oversupply, stabilize prices,...
China 05-Mar-2025
Trump Gains Oversight Role in Nippon Steel’s $15 Billion U.S. Steel Acquisition Nippon Steel...
Announcement 27-Jun-2025
Tata Steel shares drew attention on December 23, 2025 after the company disclosed a favourable outco...
Construction 23-Dec-2025
Tata Steel anticipates challenges in its European operations to impact its net profit for the third...
Large Corporate 24-Jan-2024