10374
Call for EU Action
World Economy

Call for EU Action

According to UK Steel the main cause of this disappointing output result has been the growth in imports, which rose to take around 60% of the market compared with 56% in 2013, BBC reported. Britain’s steelmakers are urging the European Commission to act on the dumping of cheap steel into EU markets on the back of data showing the sector’s recovery in the UK stuttered in 2014. According to the latest annual data from UK Steel, a division of EEF, output of steel in the UK in 2014 was virtually unchanged at 11.9 million tons, which was just 0.2% higher than 2013. This followed a strong performance in 2013, when output rose by 24%.  Overall, UK steel output is still 19% below pre-recession levels.

Short URL : http://goo.gl/Mmedpy

You can also read ...

IMF Says Mongolia Tax Rates Low
Tax rates in Mongolia are low, compared to rates in developing...
The central bank of Thailand in February held its headline interest rate flat at 1.5% and expects the economy to recover at a faster pace in 2017.
Asean members must remain vigilant to ensure a stable 2017...
$7.5b Bailout
Kazakhstan’s state-run “bad bank” will buy 2.4 trillion tenge ($...
Italy Retail Sales Rise
Italy’s retail sales increased at a faster-than-expected pace in...
Russia CB May Cut Rate
Russia’s central bank could consider cutting rates at its next...
US Consumer Prices Rise
US consumer prices rose at a slower pace in February. Clothing...
Households borrowed C$28.4 billion in the fourth quarter,  up from C$18.7 billion in the previous quarter.
Canadian household debt as a share of income rose to a fresh...
Turkey Jobless at 12.7%, Youth Rate at 24%
Turkey’s unemployment rate hit 12.7% in December, rising by 1.9...

Trending

Googleplus