Metallurgy news
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India extends incentives to certain imported steel gradesThe Indian government on Wednesday extended the deadline for compliance with tighter import regulations for some grades of steel, mainly used by automakers, until April 17, the steel ministry said in a statement. Compliance with the new rules was previously established on February 17, but strict…
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Steel and iron ore fell in price amid weak demand in ChinaConstruction steel futures in China fell on Wednesday as investors remained wary of post-weekend demand from downstream users. Following the Lunar New Year holiday earlier this month, construction sites and manufacturing plants usually resume work this week. “Major markets in China have not fully…
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Brazil may retaliate against EU duties on rolled steelThe Brazilian government said Brazil has asked the European Union for compensation after it imposed import tariffs on steel from major producing countries earlier this month. The government has also notified the World Trade Organization that it may take its own countermeasures to "balance" trade in…
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Japan's Kyoei Steel raised rebar prices by $ 18 per ton in MarchJapan's largest rebar maker Kyoei Steel announced on Tuesday that it will raise rebar prices by 2,000 yen /t ($ 18 /t) for March contracts in response to higher raw material costs. The company last raised rebar prices by 2,000 yen /t in December last year and 2,000 yen /t in November last year…
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U.S. Commerce Department Submits Car Tariff Report to President TrumpThe South Korean government has responded to a US Department of Commerce report imposing tariffs on cars and auto parts exported to the United States. The Commerce Department submitted a report to President Donald Trump on February 17 in accordance with section 232 of the Trade Expansion Act 1962…
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Turkish Steel Exports DeclineAccording to the chairman of the Turkish Steel Exporters Association (CIB), Adnan Aslan, in 2019, steel exports from Turkey could be only 15-16 million tons, which is much less than their figure in 2018. Overseas shipments will be hampered by continued protectionism around the world and a possible…
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In 2018, ArcelorMittal Kryvyi Rih's investments in the environment exceeded UAH 600 millionIn 2018, the total environmental expenditures of ArcelorMittal Kryvyi Rih exceeded UAH 600 million. Environmental measures allow the company to comply with environmental standards established by law. The company annually allocates funds for the implementation of large investment projects, as well…
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The demand for cast iron from the CIS is growing rapidlyPig iron export prices in the CIS have received a positive boost from Vale's iron ore supply disruptions as well as new seasonal demand from the United States. The weekly price of pig iron supplied across the Black Sea was at $ 340 per ton on Friday, up about $ 10 per ton in a week driven by…
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India to revise anti-dumping rules amid rising steel importsAmid growing complaints from the domestic steel industry after steel imports from China rose 8 percent in the 12 months to March 2018, despite nearly 80 percent of those goods being covered by anti-dumping duties, the Commerce Department is trying to correct the course. , The Directorate General of…
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Hyundai Steel appoints former Posco CEO as PresidentHyundai Motor Group has hired former Posco CEO An Dong-il as president of R&D and technology development at Hyundai Steel, its steel subsidiary. The country's second largest steelmaker selects an executive from a competitor to Posco, Korea's largest steelmaker. Ahn previously served as manager of…
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