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...But with Russia’s enriched uranium making up 30 per cent of EU supply in 2022, there was a risk that the bloc could swap one dependency for another....
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...“Achieving the renewables deployment ambitions will be very challenging without significant co-ordination across industry and government to resolve supply chain constraints,” said the report’s co-author,...
...On Wednesday, Joe Biden said he would triple tariffs on Chinese steel imports — a pure election gimmick since they only cover 0.6 per cent of total US steel demand....
...Essentially it’s just the old green steel club in a new wrapping....
...The Japanese group reacted to the intervention by arguing that its deal would increase competitiveness in industries that need American steel and would strengthen US supply chains and economic defences against...
...In the US, the S&P 500 has added 7.9 per cent....
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...“The oil market is waiting,” said Daniel Yergin, author and vice-chair of S&P Global....
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...Or creating “transition councils” in hard-to-decarbonise sectors such as aviation and steel....
...“But it would be a disaster for Italy’s manufacturing industry to have to rely on foreign steel supplies.”...
...Supply conditions improved, albeit at a slower pace than in the previous three months, as companies pointed to the negative impact on deliveries from Red Sea shipping disruption....
...My FT colleagues explain how new EU laws on recycling plastic and on eliminating human rights and environmental abuses in supply chains have contributed to the feeling among low and middle-income countries...
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...The FT editorial board said Tata Steel’s plan to close its UK blast furnaces marked a step into the unknown for the country’s steel industry, leaving it unable to produce “virgin” steel and relying on melting...
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...A deal would also follow ArcelorMittal’s joint venture with Nippon Steel in India when it signed a five-year LNG agreement with France’s TotalEnergies in 2021....
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