Steel Industry: EU proposes duties on Brazil, Iran, Russia, Ukraine steel

The European Union is planning to impose duties of up to 33 percent on hot-rolled steel imports from Brazil, Iran, Russia and Ukraine to counter what it sees as unfairly low prices, according to a document seen by Reuters.

The EU has over 40 anti-dumping measures to aid European steel producers, mostly aimed at China. 

In June, the bloc set duties of up to 35.9 percent on Chinese hot-rolled steel, prompting an angry response from Beijing. 

Steel is the second biggest industry in the world after oil and gas and the EU's attention has recently shifted as barriers aimed at cheap Chinese imports have an impact.

Read more: EU proposes duties on Brazil, Iran, Russia, Ukraine steel

Slovenia Calls for Bids for 25% Stake in Steelmaker SIJ - by Boris Cerni

Slovenia invited bids for a 25 percent stake in Slovenska Industrija Jekla d.d., the country’s biggest steelmaker, which is majority owned by Russia’s OAO Koks (KOKS).

The offer to purchase 246,655 shares in the Slovenian company is valid until March 30, the country’s agency for managing state assets said in an e-mailed statement today.

The majority of Slovenska Industrija Jekla was bought in 2007 by Koks, a Kemerovo, Russia-based producer of raw materials for steel making.

For more: Slovenia Calls for Bids for 25% Stake in Steelmaker SIJ - Bloomberg