India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
✅ EU to impose stricter controls on steel imports and waste metal flows.
✅ Measures target unfair trade practices and market imbalance.
✅ Expected to benefit local producers but may raise costs for buyers.
The European Union (EU) is set to introduce stricter controls on steel imports and waste metal flows to safeguard its domestic industry amid growing global trade tensions. The new measures aim to address concerns over unfair trade practices and prevent market destabilization caused by excessive imports.
The proposed regulations include enhanced monitoring of steel shipments, stricter import quotas, and improved tracking of waste metal exports. The EU’s trade commission highlighted the increasing influx of low-cost steel from countries like China and Russia as a key factor behind the move.
"The surge in imports is putting pressure on domestic producers and distorting market balance," an EU official stated. "These measures are essential to protect the integrity of the European steel industry."
Market analysts predict that the new controls could lead to higher steel prices within the EU and improved profitability for local manufacturers. However, steel-consuming industries have raised concerns over potential cost increases.
Also Read : SAIL, Tata Steel, AM/NS, JSW and JSPL among speciality steel PLI 1.1 beneficiaries Tata Steel’s Dutch Overhaul: 1,600 Jobs to be Cut in Major Operational Shift
✅ JSW Steel wins LoI from Bharat Coking Coal, ensuring a steady supply of coking coal.✅ The move e...
Business 31-Mar-2025
· Land disputes and pending clearances have delayed RSP’s expansion and Rourkela...
Construction 07-Mar-2025
China's state planner has issued a strategy for the electric power system to more effectively respon...
China 27-Feb-2024
The Coal Ministry has instructed Coal India Ltd and NLC India Ltd to pursue pithead-brd thermal proj...
Notification 18-Mar-2024
Shyam Metalics & Energy revealed its bold move into a greenfield growth project centred on alumi...
Mid Corporate 21-Mar-2024
EU’s CBAM to Raise Costs, Challenge Indian Steel’s Global Edge India’s steel indu...
Press Releases 15-Jul-2025