The European Commission proposed on Tuesday a 50% tariff on steel above a lowered annual import limit, in a bid to reinvigorate the bloc’s ailing metals sector and ward off similar US duties on EU steel exports.
In an effort to strengthen Beijing’s control over global supply chains, the Chinese Ministry of Commerce has announced a new expansion of its export control regime for rare earth elements.
South Africa’s top development finance institution is working with financial advisers on a possible bid of about R8.5-billion for control of ArcelorMittal’s business in the country
ASX-listed Genmin has achieved further progress in its collaboration with Sinohydro Corporation, a majority owned subsidiary of Chinese State-owned integrated engineering and construction conglomerate