Steel industry: Beijing’s consolidation push is not simple as claimed

Economy 02/17/22, 04:34

Beijing, on Feb. 7, released a "Guiding Opinion" that urged steel firms to accelerate mergers and acquisitions (M&A) to form mega steel conglomerates.  Three state departments issued the statement. They were the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, and the National Development and Reform Commission. Within ...

U.S., Japan announce tariff agreement to hit China

China 02/11/22, 19:24

The U.S. Department of Commerce announced a trade agreement with Japan on Monday to reduce China's unfair trade practices. The agreement will allow about 1.25 million tonnes of Japanese steel imports to be exempt from tariffs annually.  According to U.S. officials, the deal also requires Japan to take "concrete steps" to deal ...

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