The UK to keep trade remedies on Chinese steel after Brexit

26 February 2019

The UK to keep trade remedies on Chinese steel after Brexit

(Europe): The UK government insist to keep trade remedies and steel safeguard duties on cheaper steel and other products from China in case of Brexit. Local steel producers in the UK will clearly be benefiting from this.

Commodity Inside understands that the decision may become untenable during any trade negotiation with China after the Brexit.


CSC’s shipments increased 4.1% in January

(Asia Pacific): Taiwan’s China Steel Corporation (CSC) sales of carbon steel increased after two months by 4.1% in January. The sales increased by 35.8k tonnes month-on-month to 0.91 million tonnes.


Peugeot to launch zero-emission electric car

(Europe): French automaker Peugeot has announced to launch its first 100% electric car model, the e-208. The car will be run on 100 KW electric motor, capable of travelling 211 miles in a single charge with its 50 kWh battery. The first electric is set to be released in summer 2019.


Hyundai launches its two models in Pakistan

(Asia Pacific): Hyundai Motors Ltd, in a joint venture with Nishat Group of Pakistan launched its luxury models Santa Fe and Grand Starex, in the country. The construction of the Hyundai-Nishat assembly plant started in 2017 with the aim to launch its first model in the local market by 2020.


EIB to provide funding for Aperam stainless steel manufacturing facilities

(Europe): The European Investment Bank (EIB) has agreed to provide a sum of €100 to Aperam, a global stainless steel manufacturer, for its advanced stainless steel manufacturing facilities at Belgium and France.


Indonesia asks for an increase in stainless steel exports

(Asia -Pacific): Indonesia’ minister of Industries has asked the Chinese mining company PT Virtue Dragon Nickel Industry (VDNI) in Konawe, Indonesia, to boost its stainless steel exports. The company has recently expanded its Nickel Pig Iron (NPI) capacity.


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