Thu. Jun 30th, 2022

India’s Kirloskar Ferrous Industries Limited (KFIL) has reached an agreement to acquire India Seamless Metal Tube Co., Ltd. (ISMT), Kfil is a pig iron and steel casting producer.The company said that KFIL will subscribe to ISMT’s equity through priority formulation, and fully acquire ISMT.ISMT is a comprehensive professional seamless steel pipe manufacturer with steel pipes with a diameter of 6-273 mm and a alloy steel mill.RV Gumasta, general manager of Kfil, said in a statement that as the company entered the seamless tube market, the acquisition further expanded the company’s product portfolio and diversified the current product portfolio.

According to foreign media reports, Ross Bartley, Ross Bartley, said on Monday, November 29, 2021, said China did not respond to the EU questionnaire, so the EU has not been able to reach consensus with China, and has stopped from the EU countries to China.Transfer of waste metal.The EU Committee (EC) recently revised the EU regulations on certain \”waste\” (including black and non-ferrous metal waste) to certain countries (including black and non-ferrous metal waste) from certain countries that were not part of economic cooperation and development (OECD) group.The notice of the new regulations was released on October 21, which took effect on November 10 this year.In 2019, the European community issued a written request to the non-organizational state, seeking written confirmation \”waste\” and \”waste mixture\” can export to these countries for recycling.

 

South Korea Trade Minister Lu Hanwa called for negotiations with the US Trade Department on the TA tax on steel trade in the press conference.\”The United States and the European Union have reached a new tariff agreement on steel import and export trade in October, and expressed their agreement with Japan to re-discuss steel trade tariffs in Japan. EU and Japan are Korean competitors in the US market. Therefore, I strongly recommendNegotiate with the United States. \”Lu Han said.It is understood that the Korean government has reached an agreement with the Triang Government, which will limit the average export volume of steel in the United States in 2015 to 2017, and South Korea imported steel in this limitation can be exempted. US 25% Of some tariffs.It is understood that the current negotiation time has not yet been determined.The South Korea Trade said it will be communicated through the convening of ministerial conferences, hoping to win the opportunity to negotiate as soon as possible.

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