Metallurgy news
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Steel tariffs receive overwhelming public support in the USA recent poll conducted on behalf of the Alliance of American Manufacturing, The Mellman Group, Inc., indicates that 63% of the 2018 electorate support Chinese tariffs or give them more time. The survey was conducted from August 28 to September 9, 2018. According to the survey, nearly 33% of…
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Tata Steel signs agreement to acquire steel business of Usha MartinTata Steel Limited announced that it has entered into a definitive agreement to acquire the steel business owned by Usha Martin Limited. The acquisition is part of the company's strategy to expand its range of rolled metal products. The deal relates to the acquisition of the steel business, which…
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Japanese steel production rises in AugustSteel production in Japan rose 0.9 percent in August from the previous year to 8.81 million tonnes, an industry body said Friday, which said it would resume production at factories located in areas where in July heavy rains were observed. Steel prices have surged on solid product growth from…
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Russia estimates its losses on steel and aluminum tariffsRussia estimates its losses on steel and aluminum tariffs Russia estimates its losses on US steel and aluminum tariffs at $ 600 million. In July, Russia asked the World Trade Organization (WTO) to consult with the United States on the duty imposed by Washington on steel and aluminum. Russia says US…
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New rebar line starts operations in MexicoRamos Arizpe Mexico plant announces the successful launch of a new line built by leading Italian equipment manufacturer Danieli. In a press release, the company noted that 500,000 tonnes of rebar per year will be produced on the new line. The rolling mill reached almost 70% of its maximum capacity…
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Russia estimates its losses on steel and aluminum tariffsRussia estimates its losses on US steel and aluminum tariffs at $ 600 million. In July, Russia asked the World Trade Organization (WTO) to consult with the United States on the duty imposed by Washington on steel and aluminum. Russia says US duties of 25% and 10% on steel and aluminum imports…
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Turkey takes protective measures against rolled metal importsTurkey has decided to introduce preliminary tariffs for rolled metal imported to the Turkish market, regardless of its origin. A certain tariff quota is assumed, above which imported rolled metal products are subject to a duty of 25%. The preliminary measure will be in effect for 200 days from the…
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Paramjit Kalon named the main reasons affecting the investment climate in UkraineAt the conference of the European Business Association (EBA) in Kiev, the General Director of PJSC ArcelorMittal Kryvyi Rih and member of the EBA Management Board, Paramjit Kalon, named five main challenges that, in his opinion, foreign investors face in Ukraine. The first thing that is necessary…
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South Korea imposes duties on imported stainless steel productsSouth Korea's trade commission said Thursday that it has imposed preliminary anti-dumping duties on stainless steel rods from Taiwan and Italy, saying cheap imports have seriously damaged the domestic industry. The Korea Trade Commission under the Ministry of Commerce said it would recommend that…
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Trump says he wants to protect steelmakers. Why are they unhappy?Thanks to tariffs, US steel prices are up 30 percent this year. Major steelmakers such as US Steel are set to post $ 2 billion in profit in 2018, having lost $ 1.7 billion over the past three years. With the corporate tax rate recently slashed from 35 percent to 21 percent, steelmakers are set to…
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