News
China says it will take measures on UK's nationalisation of Briti
2+ day, 7+ hour ago (194+ words) Saturday, 18 July 2026 China has expressed firm opposition and strong dissatisfaction with the UK’s full nationalisation of British Steel—formerly owned by Chinese company Jingye—urging fair treatment and warning it will take resolute measures to protect Chinese investors’ rights. July…...
China disapproves of British Steel nationalisation decision by UK
3+ day, 17+ hour ago (142+ words) Friday, 17 July 2026 China on July 17 criticised the UK’s full nationalisation of British Steel—formerly controlled by China’s Jingye—labeling the move as forced and urging fair treatment for Chinese investors and full consideration of their economic contributions. BEIJING, July 17 (Reuters)…...
Britain takes British Steel into public ownership
4+ day, 11+ hour ago (132+ words) Thursday, 16 July 2026 The UK government has fully nationalised British Steel to safeguard domestic steel production, intervening after emergency measures in April 2025 and amid stalled commercial negotiations with owner Jingye. July 16 (Reuters) - The British government has taken British Steel into public…...
EU Unveils New Steel Import Quotas to Protect Industry Overcapacity
2+ week, 6+ day ago (286+ words) The EU has unveiled a new steel safeguard regulation that slashes annual duty‑free import quotas by roughly 47% to 18.3 million tonnes, hikes out‑of‑quota tariffs to 50%, and reserves half the quota for FTA partners—all to counter global steel…...
Britain Agrees Steel Quota Access with EU Under New Trade Protections
3+ week, 4+ day ago (450+ words) Global Banking & Finance Review Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including…...
Thyssenkrupp to Spin Off Its Largest Materials Trading Division
1+ mon, 4+ day ago (428+ words) Global Banking & Finance Review Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including…...
UK May Ease Steel Tariff Plan After Industry Warnings – Sky News
1+ mon, 1+ week ago (150+ words) The UK is planning to revise its July 1, 2026 steel tariff scheme by broadening product exemptions and holding discussions with industry groups after warnings of significant cost burdens. The modifications come amid widespread concern over steep quota cuts and a 50% tariff…...
Ukraine rail tariff hike threatens 300,000 jobs and steel sector,
1+ mon, 1+ week ago (351+ words) Ukraine’s plan to hike freight tariffs by 45% risks deepening losses in its steel sector—already hit by wartime disruption—and could jeopardize 300,000 jobs, says the steelmakers’ union UkrMetalurgProm. KYIV, June 9 (Reuters) - A freight tariff increase proposed by Ukraine's state railway…...
US Tariff Hike Cuts EU Steel Exports by 34%, Eurofer Reports
1+ mon, 2+ week ago (348+ words) EU steel exports to the U.S. dropped roughly one-third following Washington’s doubling of tariffs to 50%, with derivative products like washing machines and motorbikes further reducing demand, Eurofer reports. BRUSSELS, June 4 (Reuters) - EU steel exports to the U.S. have fallen by 34% since…...
EU import cuts threaten Ukraine's battered steel sector, Interpip
1+ mon, 3+ week ago (505+ words) The EU will slash duty‑free steel import quotas by about 47% starting July 1, imposing a 50% tariff on excess imports. This jeopardizes Ukraine’s war‑hit steel industry, though the EU had previously extended Ukraine’s exemption until mid‑2028. KYIV, May 28 (Reuters) - The…...