Global Steel Tariff Shifts
The US and EU impose new steel and trade tariffs on India, Singapore, and South Korea, while Jindal Steel pushes for carbon border adjustments to support green manufacturing bids.
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- MARKETIndia secured 10% US tariff tier under Section 301 forced-labour probe
New Delhi avoided higher penalties by aligning with regional peers, though the gems and jewellery sector faces immediate margin pressure from the additional levy.
Straitstimes - MARKETUS imposes 12.5% tariff on Singapore exports over forced labour concerns
The immediate levy targets roughly one-third of the city-state's shipments to the US, escalating trade tensions and raising questions about supply-chain resilience in the region.
Businesstimes Sg - MARKETJindal Steel pushes for carbon tariffs to back Whyalla green steel bid
The Indian conglomerate argues that border adjustments are essential to make low-emissions manufacturing viable in the race for the South Australian mill.
Afr - MARKED4813.T (4813.T)
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- EVENTSouth Korea secures 2.07m-ton tariff-free steel quota from EU ahead of July 1 regime shift
The deal shields Korean exporters from the EU's sweeping import curbs that take effect tomorrow, preserving a critical revenue stream as Brussels halves global duty-free access.
The Korea Herald (Business) - EARNINGSROCK earnings (Gibraltar Industries, Inc.) Q2 2026 medium
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- CB MEETINGReserve Bank of Australia rate decision (press conf.) AU high
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- CB MEETINGReserve Bank of Australia rate decision (press conf.) AU high
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