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News
US imposes new 50% tariff on many Canadian goods
10+ hour, 35+ min ago (237+ words) The tariffs will cover products including wine and hockey sticks, but not energy or fish. The move is the latest trade escalation between the US and its northern neighbor under the Trump administration. US President Donald Trump's administration on Monday…...
Green transition poses risks to European steelmakers
1+ year, 5+ day ago (197+ words) Europe’s largest steel plant is in crisis. ThyssenKrupp plans to cut or outsource over 10,000 jobs. The causes: high energy costs in Germany and a fierce price war with China, which is dumping excess steel on global markets. Green transition poses…...
Strikes on Iranian steel mills deal painful blow to economy
3+ mon, 2+ week ago (865+ words) The US-Israeli strikes on Iran's two biggest steel plants will likely harm Tehran's ability to wage war, but could also cripple Iran's economy in irreversible ways. The bombing of two of Iran's largest steel producers, Mobarakeh Steel in Isfahan and…...
EU, India clinch historic free trade deal
5+ mon, 3+ week ago (1644+ words) The deal between Brussels and New Delhi aims to forge a market of 2 billion people and nearly a quarter of global GDP, according to the European Commission. This blog is now closed. Below is a roundup of the major developments…...
US steel tariffs leave Indian foundries gasping – DW – 08/20/2025
11+ mon, 19+ hour ago (689+ words) Trump's 50% steel tariff has rattled India's small foundries. Facing mass layoffs and shutdowns, they urge urgent government action to survive the shockwaves. Work has slowed or stopped in Kolkata, a major hub for India's steel foundries that export sanitary castings....