Europe hit by Steel Import surge from U.S. Tariffs: Industry body

Steel imports into Europe have risen sharply as a result of U.S. tariffs, particularly from Turkey, threatening European steelmakers as demand growth in the continent slows, European steel association Eurofer said on Wednesday. Eurofer said in its quarterly review it expected European Union apparent steel consumption, a reflection of supply to the market, would rise
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The days of quantitative easing in the euro area are long gone, according to signals from the region’s $3 trillion corporate bond market. Investors are demanding ever-higher premiums for companies lower down the ratings spectrum over high-quality peers — a turning point for a market long distorted by the European Central Bank juggernaut. The gap
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apanese and Chinese logistics firms are paving the way for an alternative route to ship cargo from Japan to Europe faster than by sea by exploiting China’s “Belt and Road” initiative designed to improve regional cooperation and connectivity. Major Japanese logistics firm Nissin Corp. and Sinotrans, China’s largest integrated logistics service provider, joined hands this
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The ageing of Europe’s population could permanently constrain monetary policy, leading to longer recessions and weaker recoveries, European Central Bank chief economist Peter Praet said on Wednesday. Europe’s demographic shift is already lowering interest rates, leaving the ECB with decreased conventional firepower and raising the risk that it would more often miss its inflation objective,
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Spot LNG prices in east Asia fell back slightly over the four weeks from mid-September to mid-October, according to the ICIS East Asia Index (EAX). A softer market in Asia reduced the region’s premium to European gas prices and helped to attract increased flows of LNG into the northern European gas markets for early winter.
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Traffic flows between the Belgian port of Antwerp and the hinterland market in Hungary and Austria are increasing continuously. In order to meet the growing demand, the Antwerp Port Authority is promoting the expansion of hinterland connections, especially by rail. Two regular rail connections to Hungary have been established since 2015 and rail services to
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With European companies abandoning Iran in the face of growing U.S. pressure, European politicians backing Iran are counting on oil demand from China, India and Turkey to keep the 2015 nuclear deal alive. Since the U.S. withdrawal from the nuclear deal in May, Iran has threatened to resume its nuclear program if it loses economic
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LONDON: It has been a tough year for carriers plying their trade on the key Asia to North Europe corridor as demand growth that has been evident elsewhere simply refuses to come, shipping consultancy Drewry said. After seven months of the year Westbound volumes from Asia to North Europe were down by 1% following lacklustre
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Ship recycling yards approved by the EU will have enough capacity to handle demand from EU-flagged ships that need to be scrapped, a new analysis shows. The shipping industry wants low-cost ship ‘breaking’ yards outside the EU – with dangerous working conditions and poor environmental standards – to be added to the EU list of
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It has been a tough year for carriers plying their trade on the key Asia to North Europe corridor as demand growth that has been evident elsewhere simply refuses to come, shipping consultancy Drewry said. After seven months of the year westbound volumes from Asia to North Europe were down by 1% following lacklustre demand in
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