India Proposes Retaliatory Duties on EU Steel Imports
India proposes to impose retaliatory duties on certain steel imports from the EU after both sides failed to reach a consensus. Mar 29, 2025 India’s steel exports suffered an annual loss of USD 1.472 billion in 2023-24 due to the EU’s policies. The duty collection from steel has reached USD 368 million at a 25% tariff. […]
Demand Slump: China Suspends Approvals for New Steel Plants
Steel demand has fallen more than 10 percent since 2020 in China. Earlier, companies were permitted to build steel plants on the condition that they remove set amounts of existing and older capacity. Sep 3, 2024 In a strong response to a demand slump, which has fallen more than 10 percent since 2020, crushing industry […]
