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US steel companies face downturn after tariffs

In the 10 months since the Trump administration imposed 25 per cent tariffs on steel imports, prices in the United States have now fallen back to levels last seen before the tariffs were announced March 1. Hiring in the steel ...

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South Korean government to help out steel firms amid protectionism woes

South Korea’s industry ministry will carry out various measures to support local steelmakers as protectionism policies around the world are expected to weigh down companies in 2019. During a meeting with representatives from steel companies, Industry Minister Sung Yun mo ...

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China to focus on improving steel capacity structure

China’s steel industry will shift its focus to optimising capacity structure, including products, location and ownership, in 2019, from reducing overall capacity, said an executive of the country’s iron and steel association on Monday. China is entering the fourth year ...

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Modi’s ‘Make in India’ a casualty as steel, auto firms spar over sourcing

India’s steel ministry is putting pressure on automakers to use locally made steel by refusing to back down on tougher import rules despite warnings that the new regulations could disrupt the production of cars, government and industry sources said. The ...

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EU steel tariffs to hit Taiwan exports

Steel exports from Taiwan could be affected by 25-percent tariffs to be imposed by the European Union on February 2 in retaliation against US tariffs. While 530,000 tonnes of Taiwanese steel products are included in a national quota which should ...

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Auto firms say steel import norms will delay manufacturing

With the new steel import norms set to kick in on 17 February, after the ministry gave an extension of two months, the Indian auto industry has told the government it won’t be able to comply with new curbs on ...

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German steel producers seek tougher EU safeguard measure proposal

German steel mills want changes to the European Commission’s proposed safeguard measures for steel imports, saying they had been “watered down,” German steel federation WV Stahl said. While WV Stahl President Hans Juergen Kerkhoff welcomed definitive measures, he said the ...

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China steel prices rise on consumption boost plans, trade talk hopes

Chinese steel futures prices inched up on Wednesday, buoyed by Beijing vowing to introduce policies to strengthen consumer spending and optimism that the months-long U.S.-China trade row is finally coming to an end. China plans to introduce policies to boost ...

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Chinese scientists develop anticorrosion method for steel in marine engineering

Chinese scientists have used marine bacteria to inhibit the corrosion of steel materials through genetic editing, according to the China Science Daily. Corrosion in the marine environment is an international problem that not only causes huge economic losses but also ...

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Iran exports 6.5 million tonnes of steel in eight months

Deputy Industry, Mines and Trade Minister in Mines and Mining Industries Jafar Sarghini as saying that export of 6.5 million tonnes of steel in the eight months of the current Iranian calendar year in 1397 (March 21-November 21), showed a ...

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