The United States has urged Bangladesh to align its garment sector labour laws with international standards, stressing the need for substantial legal reforms. This call is part of the 2025 Trade Policy Agenda and the 2024 Annual Report by the Office of the United States Trade Representative (USTR). While acknowledging Bangladesh’s progress in worker safety […]
After China announced its plans to restructure its steel industry to cut its total output, there was a surge in the share of steel stock on March 5. The latest plans by China are expected to reduce cheap steel dumping into the Indian market, acting as a major positive to the domestic steel companies. Welspun Corp’s shares […]
Iron ore futures declined on Wednesday due to the tariff war between the United States and top metals consumer China, outweighing optimism about improved demand for Chinese steel. China is the world’s largest consumer of metals, including iron ore, a key raw material for steel production. According to reports, the most-traded May iron ore contract […]
China has announced plans to reduce its steel output [1], in an effort to address overcapacity and enhance profitability. The decision, revealed at the National People’s Congress, aims to restructure the country’s steel industry, which has been grappling with a prolonged property market downturn and mounting trade frictions. However, the announcement didn’t cover any interventions […]
Lenzing Group, a major provider of regenerated cellulose fibers for the textile and nonwoven sectors welcomes the European Commission’s Clean Industrial Deal, which seeks to create a sustainable, climate-neutral, and competitive economy. On Wednesday, February 26, 2025, in Antwerp, Belgium, Commission President Ursula von der Leyen spoke about the project with 400 business executives, including […]
Qatar Steel and Bahrain Steel have announced a $1.266 billion deal [1] to enhance industrial cooperation and strengthen the steel industry in the region. The agreement, which covers the supply of 5 million metric tons of raw materials over five years, was revealed at a joint press conference held in Doha. The deal is part […]
