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EU carbon tax: India expects the tax to hit exports of steel, iron ore and cement
Already facing weak demand from developed nations, Indian exports are likely to be hit by European Union tariffs of 20% to 35% on high-carbon goods such as steel, iron ore and cement. In April, the EU approved the world's first plan to impose a levy on imports of...
Aluminum and copper: LME tightens daily price limits from 24 July
The London Metal Exchange (LME) will reduce daily price limits for aluminum and copper outright contracts to 12% from the current 15% effective 24 July. LME has imposed price limits on aluminum and copper, the most liquid metals at the LME, following significant...
Steel: European investments continue apace
Often supported by national government and European Union funding, the number of planned and ongoing electric arc furnace (EAF) steelmaking facilities in Europe continues to grow. Most often citing decarbonisation, the effort to reduce or eliminate dependence on coal...
Alarm bells for Chinese steel production
Last weekend, major Chinese steel companies issued a cautionary statement regarding their profits. In the statement, producers acknowledged a number of hurdles they expect to encounter in the second half of the year. Disappointing demand, declining profitability and...