Skip to content
Jianglin Stainless Steel

Location

Jianglin Group, Wuqing District, Tianjin

Hotline

+86 18621742353

Office Hour

Mon – Fri 9:00 AM-6:00 PM

Home
About
Products
Blog
Contact
Home
-
news
-
EU plans new sanctions mechanism – Stainless Espresso

EU plans new sanctions mechanism – Stainless Espresso

get quotation
EU Safeguard: What is actually going on?
1-130P6215314394
EU Safeguard: What is actually going on?
Nickel prices continue to rise at the beginning of May 2023 
cVkhyx9zHwIGE79fG1nX7ABMMzs9m3QXHZOTwOq0
Nickel prices continue to rise at the beginning of May 2023 
Germany: Automotive sector picks up speed – Stainless Espresso
无锡久泽金属材料钢带
Germany: Automotive sector picks up speed – Stainless Espresso
Things You Need to know about buying stainless steel sheets
stainless steel plate
Things You Need to know about buying stainless steel sheets
Nickel prices are in sideways trading, and stainless steel is underpowered
600_600_165780066163402
Nickel prices are in sideways trading, and stainless steel is underpowered
The spot price of stainless steel coil continues to fall
stainless steel coil
The spot price of stainless steel coil continues to fall
Loading...

5 May 2023 – The EU is planning a new sanctions mechanism against third countries, which could include steel products. And after this week’s interest rate hikes by the Fed and the ECB, there are many indications that inflation will continue to fall and the global economy will stabilize.
EU plans new sanctions mechanism
The European Union (EU) is reportedly considering a new sanctions mechanism to target third countries in order to combat the circumvention of Russia sanctions more effectively. The instrument would be aimed at deterring countries from supporting Russia and disrupting trade channels that Moscow may be exploiting.

The measures were unlikely to target China at first, but focus mostly on nations in central Asia and Russia’s immediate neighbors, the people added. But also India, which besides military goods also buys large quantities of oil and coal, but also steel from Russia, could be in the eye of the EU sanctions watchdogs.

Proposed measures include iron and steel
The new mechanism would allow the EU to impose targeted restrictions on key goods if existing deterrents do not work. Proposed measures include making it easier to impose sanctions on companies in third countries that circumvent EU sanctions and extending existing bans on cars, advanced technologies, industrial goods, and iron and steel.

Focused on stability: FED and ECB raise key interest rates
The European Central Bank and the US Federal Reserve have both taken steps to control inflation in their respective economies. The ECB has decided to slow its rate hike, giving banks in Europe more time to adjust to the changes.

The US Federal Reserve raised the key interest rate for the tenth time in a row, showing that it is determined to counter inflation. The Fed’s decision to monitor the impact of its policy gives hope that future decisions will be well-considered and balanced. Overall, these are positive signals for economic stability in Europe and the US.

A further drop in inflation expected
A quick look at ING‘s forecast inflation developments in various countries and regions for the coming quarters until 2025, paints an interesting picture and shows expectations that inflation will continue to decline significantly in the coming months. In the eurozone and the United States in particular, ING analysts expect inflation to fall by up to 50% by the fourth quarter of 2023.

Jianglin Stainless Steel
Location

Jianglin steel, Yuanjiabao, Chagugang county, Wuqing District, Tianjin

mail us

[email protected]

phone

+86 18621742353

main products

  • Stainless Steel Plate
  • Stainless Steel Coil
  • Stainless Steel Strip
  • Stainless Steel Tube
  • Stainless Steel Bar
  • Stainless Steel Wire

recent posts

EU Safeguard: What is actually going on?

Posted by adminMay 24, 2023

Nickel prices continue to rise at the beginning of May 2023 

Posted by AllenMay 19, 2023

EU plans new sanctions mechanism – Stainless Espresso

Posted by [email protected]May 11, 2023

contact us

Get Latest Price List

Send

© 2018 Justiss Co. All rights reserved | Theme design by Zemez

Inquiry

Need some help?Just leave your contact, 
Our sales representative will reach you shortly. 

or you can simply email to us: [email protected]

Contact Form Demo

After filling up forms, so we can redirect and send you our latest catalog immediately.

you are also most welcome to ask our salesman to check for you, [email protected]

Downpayment

We provide Down Payment to all of our clients for securing clients’ demands. Contact us for a feasible down payment method.

This product is special, please contact our sales directly to get more information.
Our sales representative will reach you shortly. 

or you can simply email to us: [email protected]

Contact Form Demo

Need some help?Just leave your contact, 
Our sales representative will reach you shortly. 

or you can simply email to us: [email protected]

Contact Form Demo
Order Tracking

Thank you for checking our order progress!

Just Insert our PI No. and your contact Email

Talk to our professional sales?