Metallurgy news
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Indonesia to introduce up to 10% import tariffs on processed productsThe Indonesian government plans to impose 7.5-10 percent tariffs on imports of processed products to restrict imports. For raw materials, import tariffs will be 2.5 percent. The Industry Ministry explains that the government plans to complete a revision of import tariffs this month to improve the…
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ArcelorMittal Achieves Top Energy Efficiency Results in USALeading steelmaker, ArcelorMittal, has been honored with two awards for the industry's largest energy management effort on a variety of projects. The company's American businesses, through various innovative energy conservation measures, have resulted in savings of approximately US $ 257 million…
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Coal in Europe is approaching $ 100Coal prices in Europe are on track to exceed US $ 100 per tonne, the highest level since 2013, as China's demand for electricity attracts more cargo of the dirtiest fossil fuels. China is the world's largest coal-consuming country. Its demand for fuel cargo at major coal sites in the Atlantic Basin…
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India's steel exports to the United States fell 42%Indian steel exports to the US fell 42% during the first quarter of the Indian financial year. The sharp decline in export volumes came at the expense of steel import duties recently imposed by the Trump administration. India, despite several rounds of negotiations with its American counterparts…
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South Korean metallurgists ask for exemption from US import quotaMajor South Korean steel companies have called on the US government to remove some of its products from the 70 percent US steel import quota, industry sources said Monday. POSCO-AAPC, an automotive steel mill of South Korea's leading steel company POSCO, recently asked the Department of Commerce to…
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Indonesian Steel Products Receive US Tax ExemptionThe United States has decided to exempt 19 Indonesian steel products, namely carbon and alloy and stainless steels, from its 25 percent tariffs, Commerce Secretary Enggartiasto Lukita said. The US government’s decision was taken on August 2, Enggartiasto said, claiming it was the result of an…
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EU rolled metal market prepares for price increasesThe Northwest European long steel market is preparing for price increases in the first week of September. Consolidated steel price sentiment has been positive over the past two months, although scrap prices are expected to fall in September in line with international market conditions. “Scrap is…
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No exceptions for Taiwan steelworkersTaiwan was unable to get an exemption from the list of countries whose US steel and aluminum exports should be tariff-driven. Steel and aluminum producers are heeding the government's call to seek other markets, expanding supplies to Europe and Southeast Asia US President Donald Trump has signed…
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US steel imports may fall by 6% in 2018AISI predicts a 43.6% decline in steel imports from Turkey during 2018. Estimates provided by the American Iron and Steel Institute (AISI) based on data from recent years of imports indicate that steel imports into the country are likely to decline by more than 6% throughout 2018, compared to the…
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Largest steel producing countries in JulySteel production statistics published by the Worldsteel show that the output of the 64 reporting countries rose significantly in July 2018. These countries accounted for approximately 99% of all global steel production in 2017. According to Worldsteel, world steel production in July 2018 was…
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