Metallurgy news
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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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Trump cuts tariffs on steel and aluminum for a select fewPresident Donald Trump has signed a decree allowing producers of steel and aluminum from some countries to exceed the amounts specified in his March order and not pay high tariffs. Under this regulation, countries such as South Korea, Brazil or Argentina will be able to ship more steel and aluminum…
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Putin and Trump may meet a few more times this yearThe Kremlin said on Friday that it does not rule out that Russian President Vladimir Putin will once again talk with US President Donald Trump this year: in France on the anniversary of the end of World War I and at summits in Singapore and Argentina. Kremlin spokesman Dmitry Peskov told the…
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Mexico Demands Removal Of US TariffsMexico's steel industry has asked the United States to lift import duties on Mexican steel pending the completion of the revision of the North American Free Trade Agreement (NAFTA). The gist of the announcement is that the tariffs that the United States has supported against Mexico and other…
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Liberty House will ramp up production in NewportInternational metals group Liberty House will nearly double its hot rolled coil (HRC) production at its Newport rolling mill in South Wales. Production of HRC, used in construction, automotive and pipe manufacturing at the plant, is expected to double to 370,000 tonnes per year. Liberty's…
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