Posts Tagged ‘Steel’
EU plans tariffs of 25 to 50% on Chinese steel and related products, Handelsblatt reports
[FRANKFURT] The European Commission plans to impose tariffs of 25 to 50 per cent on Chinese steel and related products in the next few weeks, German business daily Handelsblatt reported citing senior officials in Brussels. The European Commission had no immediate comment. The Commission’s President Ursula von der Leyen had said earlier this month it…
Read MoreUS Steel approves US$300 million tranche of Nippon Steel spending
UNITED States Steel approved a US$300 million investment to upgrade some of its facilities, advancing part of an US$11 billion commitment by Nippon Steel after its takeover of the storied American steelmaker earlier this year. A new slag recycler will be installed at the Edgar Thomson works in Pennsylvania for US$100 million, while US$200 million will go…
Read MoreChina’s steel work plan vows to ban new capacity, promote demand
Beijing has been expected to lay out its plans for the world’s biggest steel industry since promising to cut output at its annual policy meeting in March [LONDON] China will ban new steel capacity and reduce production, in the latest move to help balance supply and demand in the one-billion-tonne a year industry. The government’s…
Read MoreThyssenkrupp Says India’s Jindal Steel Makes Bid For Steel Business
India’s Jindal Steel International has made an offer for Thyssenkrupp’s steel division, the German company said Tuesday, in what would be a mega-deal for the struggling industrial titan. Once a symbol of German manufacturing might, Thyssenkrupp has fallen into crisis in recent years as it battles high manufacturing costs at home and fierce competition from…
Read MoreChina’s Baosteel in discussions on steel investments from Asia to Africa
Beijing is also facing anti-dumping duties from a number of countries as they seek to keep out cheaper Chinese supplies after domestic use declined due to a prolonged property slump Published Mon, Sep 1, 2025 · 02:01 PM [LONDON] China’s Baoshan Iron & Steel is in discussions with several potential partners about investing in steel…
Read MoreChina’s exports of semi-finished steel surge by more than 300%
[LONDON] China has more than quadrupled its exports of steel in semi-finished form so far this year, adding to an unprecedented flood of the metal even after a wave of trade actions. Semi-finished steels are intermediate products that are reworked before sale to industries, from cars to construction or consumer goods. “Semis” such as steel…
Read MoreUS hikes steel, aluminium tariffs on imported appliances, railcars, EV parts
[WASHINGTON] The US Commerce Department said on Tuesday (Aug 19) that it is hiking steel and aluminium tariffs on more than 400 products, including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and hundreds of other products. The department said that 407 product categories are being…
Read MoreChinese steel and coal output drop as supply pressures mount
[BEIJING] Chinese steel and coal output fell in July, as bad weather affected operations and the government’s efforts to rein in overcapacity intensified. Both industries are in the crosshairs of Beijing’s campaign to control supply and halt ruinous competition, which has taken on much greater urgency as deflationary pressures mount in the economy. Steel…
Read MoreLiga Champions Barca Aim To Add Steel To Youthful Flair
While Barcelona thrilled on their way to winning La Liga last season, scoring 102 goals in the process, coach Hansi Flick accepts this season his team need to improve defensively. With teenager Lamine Yamal and Raphinha shining in attack, the Catalan giants proved an irresistible force as they claimed a domestic treble. However the German…
Read MoreJapan starts anti-dumping probe into Chinese, South Korean steel goods
The decision follows an application in April by four firms, including Nippon Steel and Kobe Steel Published Wed, Aug 13, 2025 · 10:38 AM [TOKYO] Japan will begin an anti-dumping probe into some Chinese and South Korean steel goods, the latest effort by the nation to protect local producers against a wave of imports of…
Read More