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 Union (EU) has called on the United States to remove tariffs on steel derivative products, warning that the duties are inconsistent with current trade cooperation efforts and could strain transatlantic relations.
The appeal comes as part of ongoing discussions to renew the EU–US Steel and Aluminum Agreement, initially introduced to resolve disputes following former U.S. President Donald Trump’s Section 232 tariffs in 2018. While the U.S. partially lifted tariffs on primary steel imports from the EU, levies on steel derivatives such as wires, nails, and tubes remain in place.
EU trade officials argue that these tariffs unfairly penalize European manufacturers and disrupt supply chains at a time when global industries are facing cost pressures and overcapacity issues.
The European Commission has urged Washington to eliminate the remaining restrictions ahead of negotiations on a “Global Sustainable Steel Arrangement”, which aims to promote low-emission steel trade among allies.
Analysts say the EU’s renewed push underscores its focus on fair trade, climate alignment, and industrial competitiveness, as both sides seek to rebuild a balanced and sustainable transatlantic metals market.
Also Read : Spain's rooftop solar craze cools amid shifting renewable energy focus Google commits 25 million euros to enhance AI skills in Europe
The government has formed a task force to investigate the use of biochar in steel manufacturing as p...
Notification 01-Apr-2024
✅ Indian steel prices under pressure due to weak global demand and rising imports.✅ Profit margins...
Business 20-Mar-2025
Tata Steel Eyes UK Unit Profitability in FY26 Amid Green Transition Tata Steel is aiming to turn it...
Announcement 03-Jul-2025
· China plans steel output cuts to reduce overcapacity, stabilize prices, and support i...
China 05-Mar-2025
The European Union's new Carbon Border Adjustment Mechanism (CBAM) is set to impact Indian exports,...
Business 27-Feb-2025
On Friday, crude oil prices went up because OPEC and its allies, known as OPEC+, decided to maintain...
Energy 02-Feb-2024