After signing a grant funding agreement with the UK government, Tata Steel is eyeing a 2027 start-up of two new electric arc furnaces at its Port Talbot plant in Wales. Many in the steel industry consider the switchover to be a real test for Tata, the UK government, and “green” technology. “Tata Steel has already […]
Tag: India
Trade War Heats Up: India Targets China with Heavy Aluminum Foil Duties
This week brought news of one more anti dumping proposal against China. This time around, a department under India’s Ministry of Commerce and Industry proposed imposing an anti dumping duty on the imports of Chinese aluminum foil. This follows multiple complaints by members of the domestic aluminum industry regarding cheap foil flooding the market. Aluminum […]
China’s Steel Dumping Finally Under Global Scrutiny
China’s direct dumping of steel in foreign markets and indirect dumping via proxy countries are finally under the global lens. According to the Malaysian Trade Ministry, the country recently launched an investigation into whether or not to impose anti-dumping duties on flat-rolled iron or non-alloy steel products imported from China as well as India, Japan […]
Flood of Cheap Steel Imports Sets off Alarm Bells for India
It seems all the fears expressed by Indian steelmakers (and policymakers) are coming true. There just seems to be no stopping the flood of cheap steel imports into domestic markets, a problem that continues to cause great agony for Indian steel manufacturing leaders. India became a net importer of steel in the first quarter of […]
Battle for Steel Supremacy: India vs. China in the Global Steel Trade
With a new government in place following the recent general elections, Indian steel manufacturing firms are again clamoring for the imposition of more import duties and other measures to curb cheap steel imports from China. India ended up being a net importer of steel during the April-March 2024 period. According to provisional government data, this […]
India’s Steel Industry Under Stress: Chinese Imports Could Surge Amid U.S. Tariffs
India’s steel industry currently finds itself in a stressful predicament. Already reeling from cheap steel imports, the country is now even more worried about a surge of Chinese imports following the imposition of fresh tariffs on Chinese steel by U.S. President Joe Biden. Alongside the U.S., India and many other countries around the world have […]
China’s Iron Ore Imports Projected to Hit Record High Amid Global Supply Shifts
If iron ore is in the news, can China be far behind? Contrary to earlier predictions, China may end up importing a record consignment of iron ore this year. With the global iron ore price fluctuating, this could have widespread ramifications. A recent Reuters report quoted market analysts as saying that China’s ore imports this […]
India’s Battle for Steel Self-Reliance Intensifies Amid Import Surge
India has ended the financial year 2023-2024 as a net importer of finished steel, which has sent the alarm bells ringing in industry circles throughout India. Mainly, insiders want to know how the changing import status might affect steel costs and India’s push for self reliance. According to news agency Reuters, as per initial government […]
Indian Steel Demand Battles Influx of Chinese Imports
In July, India became a net importer of steel for the fourth time in the last year. And therein lies a tale of tariffs, changes in steel prices, and supply and demand. However, before discussing those issues, it’s important to revisit the facts. A recent report by India’s Steel Ministry revealed the country became a […]
India US Trade Leaders Ease Duties, Forge Steel & Aluminum Export Harmony
India US trade is primed to shift. Both countries seem eager to enter a new period of trade harmony, as India’s Ministries of Mines and Steel, along with the Department for Promotion of Industry and Internal Trade (DPIIT), recently set up an in-house system to oversee the export of steel and aluminum products to the […]
