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 : German economy faces contraction in 2024 Salzgitter AG partners with Octopus Energy for green steel production
There were indications of a downturn in prices when the seaborne coking coal market began for the se...
Ferrous 24-Apr-2024
Jindal Steel & Power Ltd. hit a fresh 52-week high of ₹1,170.65, signaling renewed investo...
Business 03-Feb-2026
In a strategic move to reduce its heavy reliance on imported raw materials for steel productio...
Business 30-Jan-2026
The European Union and India have been unable to reach a consensus at the World Trade Organization (...
Ferrous 18-Jun-2024
✅ Steel imports may fall by 50% in FY25/26 due to safeguard duty✅ Policy shift to protect domestic...
Business 25-Mar-2025
In its Field Season for 2024–2025, the Geological Survey of India (GSI) has identified 1,055 r...
Non-Ferrous 23-Jan-2024