The U.S. extends to the EU the temporary exemption from tariffs on steel and aluminum imports
The Wall Street Journal announced that President Trump decided to postpone until June 1 the imposition of tariffs on steel and aluminum imports. This is in the case of the European Union and the other US allies. On March 23, the U.S. imposed a 25% tariff on steel imports and a 10% tariff on aluminum […]
How should Europe respond to Trump’s steel tariffs?
Mr. Trump is not the first U.S. president to introduce protectionist measures in America’s steel industry. In 2002, then-President George W. Bush imposed a series of import restrictions, including 30 percent main tariffs on certain steel products. But even then, more than 70% of steel imports were exempt from any protectionist measures. Instead, Trump is […]
Steel is the heart of the EU steel industry
In the EU, steel is the heart of the steel industry, which is why every year, the parties involved in the European steel industry come together in Brussels for the European Steel Day. This year, the meeting takes place on June 7, with the motto „Steel, sustainability and low-carbon innovation”. The steel industry is fully […]
China’s Dominance in the Global Steel Industry
Over the past 70 years, largest producers in the global steel industry has evolved considerably. Rising from 189 million tons in 1950 to 1.689 billion tons last year. Find an increase of almost 800%. World crude steel production reached 1,691.2 million tons (Mt) in 2017, up 5.3% compared to 2016. Steel production increased in all […]
Tata Steel and Thyssenkrupp have reached an agreement on the merger
Tata Steel (India) and Thyssenkrupp (Germany) have agreed on a merger that promises to change the steel industry in Europe. The concluded agreement means that this joint venture is now the second largest steel factory in Europe, after ArcelorMittal, with revenues of 15 billion euros. „The joint venture does not only address the challenges of […]
Steel tariffs are necessary because China will not trade fairly
In recent weeks, there has been much debate about President Trump’s imposition of tariffs and quotas to address unfair steel imports. President Trump’s actions were necessary because many countries use a series of subsidies and export steel throughout the world. About 35 million net tons of steel were imported into the United States last year, […]
The tariffs imposed by Trump bring profit for ArcelorMittal
Lakshmi N. Mittal, the chairman and chief executive of ArcelorMittal, the world’s largest steel producer, is one of the few leaders who applauds President Trump’s protectionist approach to the steel trade. For Mittal, the tariffs imposed by the White House on steel imported into the United States caused the increase in prices. Which, together with […]
Trump believes his tariffs are saving the American steel industry
President Donald Trump believes that his divided tariffs for metals will save the American steel industry. Despite any inconveniences the taxes have caused so far. In an interview given to The Wall Street Journal, the president claimed that his commercial actions will reduce foreign competition. They will also support the national steel industry. While steel […]
Tata Steel unveils a sustainable steel production technology in Europe
Tata Steel has announced a new sustainable technology to remove half of the amount of CO2 released during steel manufacturing. According to the tests carried out at the factory in IJmuiden – Holland. The HIsarna technology for iron production is based on a reactor in which iron ore is injected in the upper part. The […]
The global steel production capacity is to increase by 52 million tons in the period 2018-2020
Global steel production capacity is expected to grow by almost 52 million tons in 2018-2020. The Organization for Economic Cooperation and Development stated in its Report on the recent evolution of this capacity. The launch of the report comes ahead of the OECD Global Forum on Steel Overcapacity scheduled for September 17-18 and is part […]
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