Chinese firms are set to build an airport and 90,000 houses in Iraq as part of a 2019 agreement for crude supply in exchange for projects, an Iraqi official was quoted as saying in the local media. Companies from China are expected to build an airport in Nasiriyah and 90,000 houses in Sadr City, in […]
India’s shrimp exports to China have been witnessing a sharp decline, and that has made shrimps cheaper in the domestic markets by 30-40 per cent since March 2021. Given that China is the second largest purchaser of Indian shrimps after the USA, it has impacted exports quite severely. According to shrimp exporters, since China was […]
China has accused the European Union is breaching trade principles with its proposal to impose a so-called carbon border tax that would push up the prices of non-EU products sold in the bloc to account for their carbon footprint. “CBAM is essentially a unilateral measure to extend the climate change issue to the trade sector. […]
Indian steelmakers are likely to reap bumper profits if China imposes an export tax on its steel to cool domestic prices, analysts said. China’s steel exports rose 23% in June to 6.5 million tonnes (mt) from the preceding month (75% from a year ago) despite the removal of export rebates, according to the trade data […]
Renewable energy is expanding rapidly but not fast enough to meet the near 5% global increase in electricity demand this year, the International Energy Agency (IEA) warned this week. Carbon dioxide (CO2) emissions from coal used to generate electricity are set to hit record levels in 2022, the IEA added. CO2 is one of the […]
Iron ore prices rose to $ 200 a tonnes, pressured by concerns about demand prospects for the steelmaking raw material in top steel producer China. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $218.66 a tonne. “There are early signs of a turning point in Chinese demand […]
The Biden Administration is expected to continue expansion of the bilateral partnership with India and the driving force of the relationship is concern about China’s growing economic and military power in the region, according to a Congressional report. “Many speculate that the Administration would pay more attention to India’s domestic developments, including on human rights, […]
Hot and spicy red chillies continue to top the export basket of spices from India. And China emerges as the largest importer of Indian red chillies, especially the fiery Teja variety, as it consumes large quantities of the pungent spice. In FY21, India exported 6,01,500 tonnes of red chillies worth about Rs 8,430 crore. The […]
S&P Global Platts expects iron ore prices to correct to USD 180 per tonne, Paul Bartholomew, senior managing editor, told CNBC-TV18. “Chinese steel prices have been edging up, there seems to be an activity in the domestic market given that Asia and the rest of the world take it leads from China; we could see […]
The government has decided not to impose anti-dumping on imports of certain copper products, used in the electrical industry, from China, Thailand, Korea and three other countries, according to an office memorandum. In April, the commerce ministry’s arm Directorate General of Trade Remedies (DGTR) recommended imposing the duty on “copper and copper alloy flat-rolled products” […]
