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The European Union is looking to reorganise its restrictions on steel imports in a preemptive decision to protect the bloc from majors economic fluctuations as it recovers from the fallout of the coronavirus pandemic.

FNV demanded that these agreements be extended by five years. The Tata Steel Europe statement did not elaborate on that demand.

Growth in the Indian economy slowed sharply in the January-March period.

American Iron & Steel Institute announced that in the week ending on May 30, 2020.