Topic
steel
Trade UK Signals It May Block Compensation Payment to British Steel Owner Jingye
The UK government has indicated it could limit or refuse compensation to Jingye Group, the Chinese owner of British Steel, as the company seeks reparation under a bilateral investment treaty following the nationalisation of the Scunthorpe steelworks. The Department for Business and Trade stated any payout would be determined independently and only made 'if any, is payable'.
Trade India-UK FTA Stalled by Steel Tariffs, Scotch Duties May Adjust
The India-UK Comprehensive Economic and Trade Agreement (CETA) faces implementation delays due to the UK's new steel tariffs and carbon tax. India may adjust Scotch whisky duties to rebalance the agreement.
Trade India Becomes Net Importer of Finished Steel in April
In April, India imported 0.7 million metric tons of finished steel, marking a 30.8% increase from the previous year, while exports rose by 24.9% to 0.5 million tons. China, South Korea, Japan, Vietnam, and Russia were the primary exporters to India.