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GLOBAL STEEL OVERCAPACITY
US Trade Representative Greer jokes Piyush Goyal is 'trade minister for life' as G20 trade talks open in MilwaukeeUS Trade Representative Jamieson Greer opened a two-day G20 trade ministers' meeting in Milwaukee addressing key issues. During the event, ...- Greer urges G20 to back Trump tariff agenda, takes aim at ChinaUS Trade Representative Jamieson Greer urged G20 major economies to refrain from coercive food trade actions. He emphasized the need to tac...
- India protects over 80% of steel exports to EU as 1.9 MT country quota is secured; residual access could push total to 2.8 MTIndia secured a country-specific tariff-rate quota for steel exports to the European Union. This agreement will safeguard over eighty perce...
- India secures 1.9 MT steel export quota to EU, expects total access to reach 2.8 MTIndia secured a 1.9 million tonne annual steel export quota to the European Union. Exporters anticipate an additional 0.9 million tonne fro...
- India to get 6.94 lakh tonnes steel export quota under EU free trade pactIndia will receive country-specific tariff-rate quotas for steel exports to the European Union. These quotas total 1.64 million tonnes annu...
- India gets 6.94 lakh tonnes of steel quota annually for exports under India-EU free trade pactIndia will receive substantial tariff-rate quotas for steel exports to the European Union. These quotas total 1.64 million tonnes annually,...
- India, UK engaged in discussions on carbon tax issue: Commerce SecretaryIndia and the United Kingdom are discussing Britain's carbon tax regulation. The UK plans to implement its Carbon Border Adjustment Mechani...
- EU unveils new steel import quotas to protect its industry from overcapacity, reserves half for FTA partnersThe European Commission has implemented new quotas to curb duty-free steel imports, aiming to bolster the EU's steel sector and boost capac...
- No overcapacity in steel, textiles; India's consumption remains low: DGTRIndia has rejected US claims of excess capacity in its textile and steel sectors. Officials state per capita consumption of these products ...
- Tata Steel shares climb over 3% as EU proposes measures to shield steel sector from global overcapacityTata Steel shares rose after the European Commission proposed new measures to protect the EU steel industry from global overcapacity. The p...
- EU plans tariffs of 25%-50% on Chinese steel and related products: ReportThe European Commission is planning to impose tariffs of 25% to 50% on Chinese steel and related products in the coming weeks. This action ...
- Biden announces tariffs on Chinese metals routed through MexicoThe United States will now impose a 25% tariff on Mexican steel that is melted or poured outside of North America before being turned into ...
- EU & US end tariff dispute, target China's 'dirty' steelThe future EU-US arrangement will be a challenge for China, which produces more than half of the world's steel and which the EU and US accu...
- Global steel market to reach $865.5 billion by 2020: MarketLineSteel prices rose throughout most of 2016 as a protectionist backlash has prompted authorities in the US, the EU to clamp down on cheap imp...
- Moody's: Government’s extension of provisional anti-dumping duties is credit positive for steelmakersIndia’s crude-steel production growth of 8.8% during April-December 2016 outpaced the 3.4% gain in finished steel consumption.
- China blames sluggish demand for global steel crisis"The bulk of our steel products are consumed domestically. China does not subsidise its products to promote exports," Shen Danyang said.
- Western steel cos blame China for global overcapacity crisisSeveral leading western steel manufacturers today alleged that China is the predominant global contributor to the problem of overcapacity t...
- Ukraine crisis may channel more steel into global markets: Tata SteelThis comes at a time when there is overcapacity in the global steel industry, particularly in China and Europe.
- Global steel output rises 3% in Jan-Sept' 2013Global steel production rose 3% to 1186.2 million tonnes in the nine months to September from a year ago, despite concerns of overcapacity ...
- Steel sector faces overcapacity problem in medium term: ICRAAn overcapacity situation looms large on the Indian steel sector with about 25 million tonnes of new capacity likely to be commissioned.
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