The United Kingdom has said it will maintain tariffs on imported steel until at least mid-2024 to protect British domestic industry, despite concerns that the measure could run counter to WTO rules, according to the agency. Bloomberg. The lifting of the tariffs could “deal a severe blow to UK steelmakers,” British International Trade Secretary Anne-Marie […]
Tag: steel
A blow to cargo ships is the sharp decline in steel demand from China
Her Anastasia Vamvaka China’s steep decline in steel demand and falling metal prices put capesize ship owners at risk. China, the world’s largest steel market, has seen a sharp sell-off in the last 10 days, and steelmakers are increasingly trying to idle steel plants as their profit margins fall, with steel prices falling to 2020 […]
SOS of the steel industry, risk of extinction due to energy crisis
Of Thanks to Floudopoulos Ongoing prohibitive energy prices, combined with coal rights prices that have skyrocketed to more than 80 euros, jeopardize ambitious plans to carbonize the steel industry. European leaders need to act quickly and ensure that climate targets are met in a cost-effective way, while ensuring the viability of strategic industrial sectors. This […]