Metallurgy news
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Ukraine hopes to raise export duty on scrap metal againThe Ukrainian parliament (Rada) is working on legislation that will lead to another increase in the export duty on scrap metal. The Committee presented a proposal to increase the current duty from € 42 /tonne ($ 47.7 /tonne) to € 58 /tonne and to extend it for another three years from September…
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Steel production in Japan in 2018 fell by 0.3%Steel production in Japan fell 0.3% year-on-year in 2018 to 104.33 million tonnes, according to data released Wednesday by the Japan Iron and Steel Federation. A JISF official said Thursday that demand for steel was steady, but natural disasters in the second half of 2018, including heavy rains in…
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Steel production in China hits 9-month low in December 2018The latest production statistics released by China's National Bureau of Statistics (NBS) indicate a significant drop in the country's steel production during the last month of the previous year. Production of crude steel in December 1818 amounted to 76.12 million tons, which is almost 2% less than…
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Canada may impose anti-dumping duties on welded carbon steel pipesThe Canadian Border Agency has made the final decision on taxes on welded carbon steel pipes from Vietnam. Accordingly, the weighted average dumping margin for Hòa Phát Steel Piple Company Ltd was set at 4.9%, SeAH Steel Vina Corporation - 3% and State Pipe and Supply Inc - 26.1%, while all other…
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End-users of steel in the EU rally against protective measuresSix associations, representing the majority of European steel consumers, have joined forces to protest the permanent protection measures approved last week by the member states of the European Commission (EU) and the European Union (EU). Since the first proposal for permanent measures was made…
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US tariffs on Korean steel may be cutThe US Court of International Trade (USCIT) stalled the market - a method the US Commerce Department used to impose high tariffs on South Korean steel. South Korean steel companies expect a recent court ruling to help them avoid massive tariffs. USCIT recently released its judgment regarding oil…
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Turkish flat products mills try to raise pricesTurkish hot and cold rolled steel makers are trying to raise plate prices as product availability decreases due to current and future scheduled equipment maintenance. HRC's domestic bids are in the $ 490-500 range per exw tonne, but lower levels for larger tonnes and other favorable terms of…
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Vietnamese steel production up 15% in 2018Vietnam's steel production was 24.19 million tonnes in 2018, an increase of 14.9% year-on-year, according to data from the Vietnam Steel Association. The association said the annual figure was obtained after including 2.02 million tonnes in December, which itself is 1.6% higher than the previous…
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NLMK increased production in 2018Russian steelmaker NLMK said Friday that its fourth-quarter steel production rose 1% year-on-year to 4.4 million tonnes. In the fourth quarter, consolidated steel sales were up 6 percent year-on-year to 4.6 million tonnes, boosted by stronger overseas sales of steel slabs and pig iron. Steel sales…
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Iron ore and steel in China hit multi-month highsSupply problems also supported iron ore prices this week. Rio Tinto, the world's second largest steelmaker, has announced force majeure for shipments to some customers following a fire at its export terminal in Cape Lambert, Australia. The most active rebar contract on the Shanghai Futures Exchange…
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