US Warns Nippon Steel of Risks to American Industry from U.S. Steel Acquisition
The United States government has expressed serious concerns regarding the potential acquisition of U.S. Steel by Japanese giant Nippon Steel. According to high-ranking officials, such a deal could negatively impact the American steel sector and threaten national interests. Specifically, U.S. authorities emphasize that foreign investments in key industries must be carefully examined to prevent disruptions in supply chains and job losses.
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China Expands Carbon Market to Include Steel, Aluminum, and Cement in 2024
China has announced plans to expand its carbon market, which will take effect in 2024. Under these changes, the steel, aluminum, and cement industries will be included in carbon credit trading, marking a significant step in the country’s efforts to combat climate change and reduce carbon dioxide emissions. These sectors contribute significantly to global emissions, making their integration into the carbon market a key component of Beijing’s strategy.
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Canada Imposes Tariffs on Electric Vehicles and Steel from China
Canada is making the decision to impose tariffs on imports of electric vehicles and steel from China, aiming to shield its market from low-priced goods and support local manufacturing. These measures are a response to escalating trade disputes between the two countries and growing concerns over unfair competition associated with subsidies provided to Chinese manufacturers.
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Brazil Faces Surge in Steel Imports Despite Protective Measures
Brazil is experiencing a significant increase in steel imports, which continues to grow despite the government’s attempts to implement protective measures to support the domestic industry. According to local observers, steel imports surged by 35% in the first half of 2024 compared to the same period in 2023. This rise is attributed to several factors, including high domestic steel prices and a shortage in local production.
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