european union

Steel sector growth vital for massive investments in infra: Piyush Goyal – ET Infra

[ad_1] Union minister Piyush Goyal Union Minister for Commerce & Industry Piyush Goyal said that India is moving towards massive investments in infrastructure to meet the aspirations of its growing population. While addressing the 4th edition of ‘ISA Steel Conclave 2023’ held in New Delhi on Tuesday, the minister acknowledged that steel is vital to […]

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Global steel demand growth downgraded to 1.8% in 2023 on high rates – ET Infra

[ad_1] . LONDON: Global steel demand is expected to rise by 1.8% in 2023 as infrastructure projects in top consumer China help to offset weakness elsewhere, the World Steel Association (WSA) said on Tuesday, downgrading its forecast. The industry group revised its April forecast, which estimated steel consumption would rise by 2.3% this year. “Steel

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India aims to safeguard steel trade interests from EU carbon levy – ET Infra

[ad_1] India‘s government has assured domestic steelmakers that it is looking at ways to address their concerns about the EU’s planned tariffs on imports of high-carbon goods and is discussing the issue with its European counterparts, a government official said. “We are discussing with stakeholders and continuing to look at ways in which India’s trade

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India-West Asia-Europe corridor deal offers alternative to China’s BRI – ET Infra

[ad_1] In a multi-continental effort that could provide a credible alternative to China-led Belt and Road Initiative (BRI), which has pushed many countries into a debt trap besides losing control over their assets, leaders of India-US-Saudi Arabia-UAE-Europe-Japan on Saturday announced a mega joint infrastructure deal to connect Asia with Europe via ports and railroad. Prime

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India’s engineering exports see mixed fortunes in June; trade with Russia surges: EEPC – ET Infra

[ad_1] India-Russia KOLKATA: India‘s engineering exports to major markets like the United States, the European Union (EU) and China continued to decline in June 2023, reflecting a challenging global trade environment, EEPC India said. The country’s shipments to West Asia and North Africa (WANA), North East Asia, and CIS countries, however, showed positive growth during

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India’s expects EU carbon tax to exports of steel, iron ore and cement – ET Infra

[ad_1] NEW DELHI: Already facing subdued demand from developed nations, India’s exports are likely to be hit by the European Union‘s 20% to 35% tariffs on high-carbon goods like steel, iron ore and cement, the finance ministry said in a report released on Thursday. In April, the EU approved the world’s first plan to impose

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Local steel prices may fall further on China exports – ET Infra

[ad_1] MUMBAI: Steel prices in the domestic market, which have been under pressure since late March, may fall further after a sharp surge in exports from China at lower prices that is seen undercutting exports from India amid weakening global demand. At around Rs 57,000 per tonne, prices of hot-rolled coils in May are down

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