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Indian Engineering Goods Industry Seeks Low-Duty Steel Import Window to Boost Global Competitiveness
The *Indian Engineering Export Promotion Council (EEPC)* has urged the government to introduce a provision that allows *steel consumers in the micro, small, and medium enterprise (MSME) segments* to p...
Mar 20, 2025
0 846


Bangladesh's BMSIL to Become the Country's First Rebar and Wire Rod Producer
*Bangladesh's Bashundhara Multi Steel Industries Limited (BMSIL)* is set to establish the world’s largest *single strand mini mill* for long steel production, making it the country's *first producer o...
Mar 20, 2025
0 977


India's DGTR Recommends 12% Temporary Safeguard Duty on Flat Steel Imports
India's Directorate General for Trade Remedies (DGTR) has officially recommended a *temporary 12% safeguard duty* on imports of flat steel products for a period of *200 days*. This recommendation, whi...
Mar 20, 2025
0 945


ArcelorMittal to Shut Down Italian Plant Near Avellino Amid Market Challenges
*ArcelorMittal* has announced plans to *close its steel plant near Avellino, Italy*, as part of a restructuring strategy aimed at optimizing operations in response to *shifting market conditions and e...
Mar 19, 2025
0 929


EU Tightens Controls on Steel and Aluminum Imports Amid Global Trade Tensions
The European Union (EU) is preparing to implement stricter controls on steel and aluminum imports to safeguard its markets from potential dumping of diverted global supplies. A draft action plan by th...
Mar 19, 2025
0 1049


UK Steel Industry Faces Challenges Amid U.S. Tariffs and Market Pressures
The UK's steel sector is confronting significant challenges following the U.S. administration's imposition of a 25% tariff on steel imports, effective March 12, 2025. This development has led to immed...
Mar 19, 2025
0 969


Trump May Allow Sale of US Steel to Nippon Steel as DOJ Files Motion for Extension
The *US Department of Justice (DOJ)* has filed a motion seeking an extension in the lawsuit between *United States Steel (US Steel)* and *Nippon Steel* against the *Committee on Foreign Investment in ...
Mar 19, 2025
0 852


Argentina Approves $3 Billion Investment for New Pipeline to Boost Oil Exports
Argentina has approved a significant investment to support the construction of a new pipeline linking the *Vaca Muerta shale formation* to a port in the *Rio Negro province*. The *$3.0 billion* projec...
Mar 19, 2025
0 1023


UK Steel Proposes New Mechanism to Address High Electricity Prices and Enhance Competitiveness
The UK-based trade association *UK Steel* has proposed the development of a new mechanism to tackle the *uncompetitive electricity prices* that the UK steel industry faces—prices that are up to *50% h...
Mar 19, 2025
0 995


Australia to Boost Green Metals Production with A$750 Million Funding
The Australian federal government has announced a significant funding initiative aimed at boosting *green metals production* and ensuring the long-term competitiveness of domestic metals producers in ...
Mar 19, 2025
0 902


ArcelorMittal and Siemens Energy Join Forces for Decarbonization Efforts and High-Grade Steel Solutions
ArcelorMittal Europe - Flat Products, a subsidiary of the Luxembourg-headquartered steel giant ArcelorMittal, has announced a strategic partnership with *Siemens Energy* to provide high-grade steel so...
Mar 19, 2025
0 995


India and New Zealand Resume Free Trade Agreement Negotiations After 8-Year Pause
India and New Zealand have officially resumed talks for a Free Trade Agreement (FTA), which had been stalled since 2015. The announcement was made by India's Ministry of Commerce on *Monday, March 17*...
Mar 19, 2025
0 974
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