Russia is considering excise tax on imported steel, according to IFX
Russia's consideration of an excise tax on imported steel could indicate a shift in its trade policies, potentially tightening supply and impacting global steel prices.
BoE's Greene (Hawkish) says UK activity was already pretty weak before the Iran war, the war impact is inflationary
Canadian PM Carney says fuel excise tax on gas and diesel will be suspended, effective April 20th through September 7th, in an effort to ease short term cost pressures
Russia is considering excise tax on imported steel, according to IFX
US EQUITY OPEN: Risk-on seen amid greater optimism surrounding US/Iran talks
ECB's Lane publishes a slide deck titled: "The economic outlook and monetary policy in the euro area"
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
As steel is a crucial input for various industries, this move may lead to price increases and influence demand dynamics, particularly in regions reliant on imports. Traders should monitor how this may affect both the commodities market and associated sectors.
Related headlines
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging9 hours ago
- Japanese PM Takaichi says Japan will strengthen and diversify energy supplies, including oil, while boosting cooperation on critical minerals and supply-chain resilience with the US, Australia and other partners47 min ago
- Japanese Machine Tool Orders (Aug YY) 64.7% (Prev. 50.4%)2 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 20263 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war5 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates5 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week6 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes6 hours ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks9 hours ago
- Japanese Reuters Tankan Index (Sep) 21 (Prev. 18)9 hours ago
- US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd11 hours ago
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 12 hours ago
- US FX WRAP: Dollar little changed as markets await US CPI/PPI13 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL14 hours ago
- Russia's Kremlin says US President Trump and Russian President Putin spoke on the phone; conversation was open and constructive and lasted one hour.18 hours ago
- Newsquawk European Market Wrap - 8th September 202618 hours ago
- US EQUITY OPEN: US indices open in the red amid downbeat risk tone after Labor Day holiday19 hours ago
- Iranian Foreign Minister tells his Japanese counterpart that “significant progress” has been made on the Strait of Hormuz shipping route, SNN reports23 hours ago
- BoJ plans to raise rates by 25bps to 1.25% at the September 18 meeting, Kyodo reports23 hours ago
- [MARKET ANALYSIS] JPY continues to advance, benefiting from domestic data; USD mildly firmer1 day ago
The whole workspace, free to try.
Try it free