Qatar, Bahrain ink massive $1.27 billion steel deal
- 11-Feb-2025
Qatar and Bahrain just signed a massive $1.27 billion steel deal, aiming to boost industrial cooperation and strengthen the steel sector in the region. The agreement, announced by Qatar’s Ministry of Commerce and Industry, will see Qatar Steel and Bahrain Steel supply five million tonnes of steel over five years. It explained that this strategic […]
Trump to announce 25% steel and aluminum tariffs in latest trade escalation
- 10-Feb-2025
U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Trump, speaking to reporters on Air Force One on his way to the NFL Super Bowl in New […]
India unlikely to get U.S. exemption on steel, aluminium tariffs
- 09-Jun-2023
India has asked the United States for an exemption from U.S. steel and aluminium tariffs, in exchange for removing some tariffs on U.S. agricultural goods but Washington is not seriously considering the offer, sources familiar with the discussions said. Negotiators in New Delhi and Washington have been in talks, hoping to reach an agreement during […]
Steel price hits all-time high in Pakistan
- 09-Feb-2023
The steel bar prices have crossed Rs280,000 per tonne after a massive rupee devaluation and rising prices of raw materials in Pakistan, ARY News reported on Thursday. The price of steel has reached all-time high leading to a slowdown in the construction sector. According to the president of the All Iron Steel Merchants Association Hamad […]
China to ban new heavy industrial projects in key zones
- 17-Jun-2022
The government said that China will ban new steel, coking, oil refining, cement and glass projects in key zones on Friday. In a policy document, the government said China would step up efforts to establish a zoning system to manage environmental risks and take action to reduce heavy industry is already polluted regions, river basins […]
U.S., EU end Trump-era tariff war over steel and aluminum
- 31-Oct-2021
WASHINGTON/ROME: The United States and European Union have agreed to end a festering dispute over U.S. steel and aluminum tariffs imposed by former President Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, U.S. officials said on Saturday. Commerce Secretary Gina Raimondo told reporters that the […]
India links over $500 million Bhushan Power assets to fraud probe
- 12-Oct-2019
Bhushan Power runs a 3.5 million tonne steel plant in eastern India’s Odisha state, as well as a 500 megawatt power plant for internal use
Trump announces ‘doubling’ of tariffs on steel, aluminum from Turkey
- 10-Aug-2018
WASHINGTON: US President Donald Trump said Friday he had doubled steel and aluminum tariffs on Turkey, adding to pressure on that nation’s troubled economy amid a diplomatic row with Washington. “I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward […]
U.S. allies hit back at Washington’s steel, aluminum tariffs
- 01-Jun-2018
WASHINGTON/PARIS: Canada and Mexico retaliated against the U.S. decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war. The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months […]
Trudeau to Trump: Canada will block backdoor steel shipments
- 27-Mar-2018
OTTAWA: Prime Minister Justin Trudeau has assured US President Donald Trump in a telephone call that Canada will block foreign steel and aluminum transshipments to the United States. The prime minster, according to a readout of the conversation released on Tuesday, “raised the strong measures Canada is taking to address unfair trade in steel and […]