China to use satellites to curbing steel overcapacity

4 April 2019

China to use satellite remote sensing for curbing overcapacity in steel

(Asia Pacific): China plans to inspect Hebei and Tianjin regions to stop non-regulated steel production, according to the country’s Ministry of Industry and Information Technology. The country will also use satellite remote sensing to get information about unwanted steel production.


CIIT endorses to limit steel tariffs for two types

(North America): The Canadian trade watchdog Canadian International Trade Tribunal (CITT) proposed that the safeguard tariffs should be lifted from imported steel products other than steel plate and stainless steel wire. On the other hand, producers want tariffs on most steel products.


Tata proposes to sell its Welsh steel plant for approval of ThyssenKrupp merger

(Europe): Tata Steel is planning to sell its Welsh steel plant sale aimed to get approved by European Commission for £13bn ThyssenKrupp merger.


SAIL crude steel production increased 8% from in 2018-19

(Asia Pacific): Indian state-owned Steel Authority of India Limited (SAIL) crude steel production reached 16.3 million tonnes from April 2018 to March 2019 financial year, increased by 8% year-on-year.


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