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14th International Exhibition and
Conference on Minerals, Metals, Metallurgy
& Materials
27 - 29 September, 2024, Yashobhoomi, Dwarka, India International Convention & Expo Centre (IICC), New Delhi

News

News

US and EU consider new tariffs on Chinese steel

US and EU consider new tariffs on Chinese steel

The United States and the European Union are considering new tariffs on Chinese steel and aluminium as part of a bid to fight carbon emissions, according to a report by Bloomberg News.

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POSCO to invest $40 billion in Australia in green steelmaking push

POSCO to invest $40 billion in Australia in green steelmaking push

South Korean steelmaker POSCO Group is planning to invest a total of $40 billion in Australia, with $28 billion being used for hydrogen manufacturing, and $12 billion going toward green steel production- in order to manufacture 1Mt of hydrogen by 2040.

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India's steel ministry seeks import tax waiver for coking coal- Sources

India's steel ministry seeks import tax waiver for coking coal- Sources

The proposal to scrap levies ranging from 2.5% to 7.5% in the world's second biggest producer of crude steel comes ahead of the national budget for 2023/24 set to be unveiled in February. The ministry's plan to scrap the tax on limestone, manganese ore, steel scrap, graphite electrodes, chrome ore, and ferro nickel, in addition to coking coal, has been sent to the finance ministry, said the sources, who spoke on condition of anonymity.

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India's April-November finished steel exports plunge 55% y/y – data

India's April-November finished steel exports plunge 55% y/y – data

Finished steel exports slumped 55% to 4.3 million tonnes during April to November period due to a slowdown in global demand and the decision by India to impose an export tax on some steel products. Last month, the government scrapped the export tax but steel makers and industry officials said it would be a challenge for mills to regain their traditional markets, including Europe.

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