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 Parliament's International Trade Committee (INTA) has approved the draft report on proposed new steel tariffs and import quotas introduced by the European Commission. This approval paves the way for trilogue negotiations between the Commission, Member States, and Parliament regarding the successor to the EU's safeguard measures on certain steel products, set to expire in June 2026. The proposed tariffs and reduced import quotas, however, have faced significant opposition from steel-consuming industries, particularly small and medium-sized enterprises. Critics argue that the higher tariffs and stricter quotas would further increase production costs, harming the competitiveness of European manufacturers. Moreover, some analysts have likened these tariffs to consumption taxes, where the cost burden is mostly passed on to domestic buyers rather than foreign producers.
Also Read : British Steel & govt are about to ink deal on green transformation Ukraine Rolled Steel Production Falls 16% in April
India's power consumption climbed 7.5% on year to 1354.97 billion units (BU) between April and Janua...
Renewables 19-Feb-2024
The demand for oil products in India jumped by 256,000 barrels per day (b/d) month over month in Feb...
Oil & Gas 14-Mar-2024
Iron ore prices retreated after crossing one-year highs, as fresh signals from China’s s...
China 25-Mar-2026
China's solar capacity growth could slow in 2024 to 31%, a solar manufacturing association said on W...
China 29-Feb-2024
GAIL, the leading gas marketer in India, wants to grow into a global dealer of liquefied natural gas...
Mid Corporate 25-Apr-2024
The Income Tax Department announced on Sunday that net direct tax collection increased by more than...
Taxation 12-Feb-2024