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U.S. OKs China steel duties despite WTO challenge

25/12/2008

WASHINGTON, Dec 22 (Reuters) - A U.S. trade panel gave final approval on Monday to import duties on circular welded steel pipe from China in a case already being challenged by Beijing at the World Trade Organization.

Tyre companies cut production by upto 25 percent

25/12/2008

According to media reports, the perpetual slowdown of vehicle sales has seriously impacted a number of tyre companies like Apollo, Birla, Bridgestone, Ceat, Goodyear, JK Tyres and MRF who are forced to resort to a 25 per cent cut in its production in the upcoming months.

Canadian International Trade Tribunal Issues Order Structural Tubing From Korea, South Africa and Turkey

25/12/2008

OTTAWA, ONTARIO--(Marketwire - Dec. 22, 2008) - The Canadian International Trade Tribunal today issued an order following the expiry review of its finding made on December 23, 2003, in Inquiry No. NQ-2003-001, concerning the dumping of structural tubing from the Republic of Korea, the Republic of South Africa and the Republic of Turkey.

INDIA: China Swamps Handloom Silk Industry

25/12/2008

VARANASI, Dec 22 (IPS) - Legend has it that India’s famed handloom silk industry began around 300 A.D. after a Chinese princess smuggled out the eggs of the silkworm moth and the seeds of the mulberry tree in her headdress.

Bowring: Free trade under threat

25/12/2008

HONG KONG: China, almost as much as the U.S., may hold the key to whether the global recession leads to a vicious cycle of protectionism and contracting trade.

Shoemaker walks tall

24/12/2008

Kingmaker Footwear Holdings (1170), a major casual fashion and baby footwear manufacturer, says sales to the United States have increased despite shrinking demand for luxury items and the appreciating yuan.

Protection is not the answer in dangerous times

24/12/2008

The question whether the Obama presidency could deliver the coup de grâce to the sickly Doha trade round may seem like a mere footnote to the unfolding economic drama. Doha’s few ardent supporters concede that the direct boost from a global trade accord would be modest – peanuts compared with the hundreds of billions of fiscal stimulus being pumped into the stalling global economy.

Dull Steel demand to stay in 2009 - Experts

24/12/2008

It is reported that the worldwide financial crisis has spread into broader economy and plunged a host of steelmakers into huge losses. And many steel experts suggest a difficulty path for next year with bleak demand prospect amid the sustained global economic woes.