India turns net finished steel exporter in FY26 Jindal Steel posts ₹1,044.75 crore Q4 profit WTO reviews global steel safeguard measures
The WTO Committee on Safeguards has reviewed fresh import restriction measures as steel remains a major focus in global trade discussions. At its April 27 meeting, the committee examined 38 product lines, including 12 steel-related products notified since its previous session in October 2025.
Key discussions centred on safeguard actions by the European Union and the United Kingdom. The EU’s investigation into electrical grain-oriented steel and measures on ferroalloy products drew attention from several WTO members over possible market impact. The UK’s review of tariff quotas on steel imports also became a key point of debate.
Other countries, including Indonesia, Madagascar, the Philippines and Turkey, were also noted for applying protective measures. The United States defended its tariff actions on national security grounds, while India, Brazil and China raised concerns over their impact on the global trading system.For the steel industry, the meeting highlights rising protectionism, excess capacity pressure and growing uncertainty in international steel trade. The next WTO Safeguards Committee meeting is scheduled for October 2026.
Also Read : Glencore plans sale of New Caledonia Nickel plant stake, halts production EU Plans 25–50% Tariffs on Chinese Steel to Protect Local Industry
Government of India has informed the Lok Sabha that GST officers are utilising advanced data analyti...
Taxation 06-Feb-2024
India's crude oil imports from Russia increased to 1.97 million barrels per day (mbpd) in June 2024,...
Oil & Gas 03-Jul-2024
Oil and Natural Gas Corporation (ONGC), a state-owned exploration and production company, plans to i...
Mid Corporate 09-Feb-2024
Prime Minister Narendra Modi recently opened a fancy Boeing centre in Bengaluru, India. This Boeing...
Announcement 20-Jan-2024
The Ministry of Coal stated in a statement that coal/lignite PSUs operating under its direction and...
Notification 22-Feb-2024
Power generated from low-emissions sources, such as wind, solar and nuclear, will be adequate to mee...
Europe 24-Jan-2024