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
Zinc prices slipped in global commodity markets after reports emerged that the European Union (EU) is preparing to impose tariffs of up to 50% on Chinese steel imports. The decision is part of the EU’s broader strategy to safeguard its domestic steel producers from the twin pressures of global oversupply and the high costs of decarbonisation.
The news triggered concerns of reduced demand for industrial metals, particularly zinc, which is widely used in galvanised steel production. Analysts said that any potential slowdown in steel trade flows could weigh on zinc consumption, leading to the observed price correction.
China’s steel exports are projected to reach 115–120 million tonnes in 2025, close to record highs, and have become a flashpoint in global trade tensions. By preparing steep tariffs, the EU aims to curb dumping practices while encouraging investment in low-carbon, sustainable steel production within Europe.
The move also reflects the EU’s efforts to balance its climate goals with industrial competitiveness, as it accelerates the transition to greener technologies. For commodity markets, however, the uncertainty has translated into volatility, with zinc being one of the most immediate casualties.
Also Read : British Steel & govt are about to ink deal on green transformation EU Slashes Indian Steel Import Quota by 47%, Doubles Tariffs Amid CBAM Rollout
According to a recent analysis, India's rapid adoption of solar energy helped the country overtake J...
Business 09-May-2024
The largest iron ore miner in the nation, NMDC, has set aside ₹50,000 crore for capital expenditures...
Mid Corporate 30-May-2024
Ternium, a Latin American steel producer, reported a remarkable 839% increase in net profits for the...
Latin America 22-Feb-2024
India and UK finalise FTA and tax deal. Trade, investment, and tax benefits ahead. Implementation...
Business 08-May-2025
Karnataka Minister for Large and Medium Industries M B Patil announced that Japanese companies have...
India 16-Sep-2025
Prime Minister Modi laid the groundwork for Tata-Powerchip Semiconductor Manufacturing Corp's chip p...
Ferrous 13-Mar-2024