Chinese steel
Coverage of Chinese steel in the Nexus archive.
- Steelmaker CSN Cuts Its Loss to $109 Million as Cheap Chinese Steel Floods Brazil
Companhia Siderúrgica Nacional (CSN), the group behind Brazil's Volta Redonda steelworks, reduced its quarterly net loss by 24.2% to R$555 million ($109 million) but remains in its third consecutive year of losses. The decline is attributed to cheap Chinese steel flooding the Brazilian market.
- EU halves duty-free steel quota but UK and other partners given better rate
The EU has halved its duty-free steel import quota to curb cheap Chinese steel, but granted 12 free trade agreement (FTA) partners, including the UK, a one-third reduction instead of the full cut. The policy aims to limit foreign steel imports while offering preferential terms to FTA countries.
- Japan Joins the Wall Against Chinese Steel, and Brazil Feels It
Japan has initiated a dumping probe on Chinese steel, contributing to a growing barrier against Chinese steel imports. This action has redirected cheaper steel flows toward Brazil, which faces weaker defenses against such trade practices.