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ACEA said “Automobile manufacturers source almost all their steel (over 90%) in the EU. Since manufacturing restarted in summer 2020 there has been a serious shortage of steel in the European market.

Expressions of interest from potential investors in ZiscoSteel are now being adjudicated with the process due to be completed by the end of this month.

The European Union had notified the initiation of an investigation on 26 February 2021.

Express News Service reported that the Karnataka High Court has asked the state government for its stand on the decision to sell 3,667 acres of mining land in Bellary to steel major JSW Steel Ltd

South Africa’s Department of Trade, Industry and Competition has signed the steel metal Master Plan.

Reuters reported that US Trade Representative Ms Katherine Tai will accompany US President Mr Joe Biden to Brussels next week.

Following a review, UK’s Trade Remedies Authority has published its final recommendation to U’s Secretary of State for International Trade on the future of the UK’s steel safeguard measure.

China was the largest supplier, followed by Japan, South Korea and India, the office said.