JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
The European Commission is preparing to impose tariffs of 25–50% on imports of Chinese steel and related products. The move is aimed at protecting EU producers from global oversupply and easing pressure as the bloc undertakes costly decarbonisation measures.
Commission President Ursula von der Leyen also confirmed plans for a new long-term trade mechanism to replace the current steel safeguards, which expire in mid-2026.
China’s steel exports are projected to reach 115–120 million tonnes in 2025, near record levels, intensifying competition and prompting several countries to strengthen trade defenses.
The EU has also stepped up monitoring of scrap metal flows, including steel, aluminium, and copper, to safeguard supplies critical for the transition to low-carbon steelmaking.
Also Read : India-EU FTA Talks Face Stalemate Over Steel, Auto, and Carbon Levy Issues German Steel Federation Flags Gaps in EU Industrial Accelerator Act
Chinese manufacturer CALB is aiming to build a lithium-ion battery factory in Portugal, the APA Port...
China 23-Jan-2024
India and Oman are on the brink of finalising a trade deal that would facilitate smoother access to...
Business 27-Feb-2024
Copper futures on Monday fell ₹3.80 to ₹719.40 per kilogram as participants cut their positions amid...
Non-Ferrous 19-Feb-2024
Bokaro Steel Delivers High-Grade Steel for Indian Navy Ships Bokaro Steel Plant, a unit of Steel Au...
India 06-Aug-2025
The global galvanised steel market is expected to increase dramatically in the following years, with...
Ferrous 07-Jun-2024
Prices for hot-rolled coils (HRC) declined in most major markets in May 2024. Trade is constrained b...
Ferrous 30-May-2024