Western policymakers claim China has 'overcapacity' in steel, EVs, and green tech, flooding markets with subsidized goods. However, economic data suggests otherwise, with China's capacity utilization for ferrous metals within healthy EU ranges. The EU and US employ double standards, using arbitrary metrics and bypassing the WTO to impose protectionist measures.
Mining giants BHP and Rio Tinto are increasingly focusing on India as the next major growth market for the global steel industry, anticipating a shift away from China's long-standing dominance in demand. India's rapid urbanization and infrastructure spending are expected to drive significant steel expansion.
NSW Police are reviewing footage showing an officer pushing a woman at a pro-Palestine protest in Wollongong. The incident occurred as the woman stood in the path of a police vehicle during a picket against Bisalloy Steels' contracts with Israeli defense companies. Protesters allege police aggression.
NSW Police are reviewing footage showing an officer pushing a woman at a pro-Palestine protest in Wollongong. The incident occurred as the woman stood in the path of a police vehicle during a picket of Bisalloy Steels, a company with past contracts with Israeli defence firms. Protesters allege police aggression.
South Korea's trade ministry pledged to protect its steel companies' interests as the EU implements a new policy on July 1 to address global overcapacity. The policy will halve tariff-free steel import quotas to 18.3 million tons, impacting Korean exports.
Four major European steel and chemical manufacturers, including ArcelorMittal and BASF, have urged an immediate halt to the EU Emissions Trading System (ETS). They argue the climate policy is too costly and uncompetitive compared to global rivals, risking damage to Europe's manufacturing base.
O Centro de Memórias da Unifap recebeu mais de 50 anos de documentos da Icomi, empresa que explorou manganês em Serra do Navio. O acervo, transportado em 12 caminhões, inclui registros médicos, contábeis e de funcionários, com potencial para garantir direitos e entender a história social e política do Amapá.
Australian Olympic champion Jessica Fox won gold in the C1 event at the ICF Canoe Slalom World Cup in Augsburg, Germany, bouncing back after a disappointing K1 performance. She is now favored for the upcoming World Championships.
The White House will host UFC's "Freedom 250" event on the South Lawn for the president's 80th birthday, featuring a custom-built octagon and steel structure. Despite legal challenges and forecasts of thunderstorms, the event, championed by the president and UFC, aims to appeal to his base, with military members required to meet strict fitness standards for attendance.
Thousands of German steelworkers protested in Berlin and Völklingen, demanding more government aid for the struggling industry. They also urged against weakening climate targets, emphasizing the need for support in transitioning to "green steel."
The UK government has indicated it might restrict or deny compensation to Jingye Group, the Chinese owner of British Steel, after the company initiated proceedings under a bilateral investment treaty. The nationalization of the steelworks, which cost the government £1.3m daily, is proceeding through Parliament.
Mexico defeated South Africa 2-0 in the World Cup opener at Estadio Azteca, providing a temporary reprieve from the country's social unrest, as protesters clashed with police outside while fans celebrated inside.
India's Commerce Minister Piyush Goyal stated that while countries globally are increasingly protecting domestic industries, India is addressing trade challenges through dialogue and partnerships. He noted the WTO's current ineffectiveness but affirmed trade operates under its framework, with India pursuing FTAs and investment.
President Lee Jae Myung urged the EU to favor South Korean steelmakers regarding upcoming tariff quotas during a summit with EU leaders in Brussels. The EU stated it would give the request consideration.
The IG Metall union warns against reversing the transformation of the struggling steel industry towards climate-neutral production. Union leader Jürgen Kerner emphasized the need for predictable policies and criticized the continued import of Russian steel, highlighting the risk to 20,000 jobs.
Jingye Steel, the Chinese owner of British Steel, has initiated a formal process under the UK-China bilateral investment treaty to seek compensation from the UK government following the nationalisation of the Scunthorpe steelworks. The company aims to recover over £1bn, potentially impacting UK-China relations.
President Lee requested favorable consideration from the EU regarding steel tariffs and TRQ acquisition, emphasizing the impact on Korean industries. Discussions also covered semiconductor and defense cooperation, and carbon border adjustment mechanisms.
Several South Korean companies, including Pyeongjeon Pharmaceutical, SeAH Steel, and others, have announced significant financial activities such as capital increases and stock acquisitions totaling billions of won. The Korea Association of Listed Companies will also hold a meeting for its members.
The conflict in the Middle East, exacerbated by US actions, is costing the Australian Capital Territory (ACT) budget an estimated $2.3 million per day. This adds to existing domestic financial pressures, with potential for much worse economic fallout if the conflict prolongs.
The ACT's budget deficit has ballooned by $240 million in 103 days, with 'the Trump effect' costing $2.3 million daily due to higher energy costs and supply chain issues stemming from the Middle East conflict.
South Korean President Lee Jae-myung and Belgian Prime Minister Alexander De Croo agreed to strengthen cooperation in semiconductors and support investment in strategic industries. Discussions with EU leaders also covered security pact negotiations and concerns over EU steel tariffs and carbon border adjustment measures.
UK ministers are considering dropping some planned steel tariffs after manufacturers warned of significantly increased costs. The government aims to balance protecting domestic producers with ensuring secure supply, while also addressing similar EU measures.
India rejects US allegations of excess production capacity in textiles and steel, arguing domestic output meets local demand driven by its large population. Industry bodies like TEXPROCIL state over 80% of textile production serves the domestic market, challenging US Trade Representative's findings.
Tata Steel's £1.25bn electric arc furnace project in Port Talbot may face an 6-8 month delay due to electrical connectivity problems, with National Grid's infrastructure upgrades delayed, impacting the planned 2027 operational start.
