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EU-UK agreement reaches a solution for steel quotas
The European Commission (EC) and the UK government (UK) have agreed a solution for the movement of the most sensitive categories of steel from Britain to Northern Ireland, subject to tariff rate quotas (TRQs). Northern Ireland companies will now be able to use EU TRQs...
Steel: Turkey postpones imposition of higher customs duties on imports of flat products
According to the decree, the effective date of the customs duty increase will be 1 April instead of 27 February. Customs duties on imports of hot-rolled, cold-rolled and unalloyed coated steel will be increased by 6% to 7%, to 15%, 17% and 20% respectively, as of 1...
Lithium: China’s industry is in a critical situation
China's industry is in a critical situation. Its main production centre, responsible for about a tenth of the world's supply, is in danger of being shut down due to a government investigation into environmental violations. The crackdown in Yichun, Jiangxi province,...
Aluminium: Trafigura in Russia to challenge Glencore
Commodities trader Trafigura Group is in talks to buy Russian aluminium from United Co. Rusal International PJSC, underscoring its willingness to strike new deals with Russian companies even as its biggest rival struggles. Trafigura and Rusal are discussing a forward...