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Following the European Union, the United States and Japan initiated talks to resolve the steel and aluminum tariff dispute
After ending the steel and aluminum tariff dispute with the European Union, on Monday (November 15) US and Japanese officials agreed to start negotiations to resolve the US trade dispute over additional tariffs on steel and aluminum imported from Japan. Japanese officials said that the decision w...Read more -
Brazil becomes Turkey’s largest wire rod export market
According to Mysteel, despite rising freight rates, Turkish steel mills have been continuing to try overseas markets to increase exports. In recent months, Brazil has become Turkey’s largest wire rod export destination. Following the purchase of 78,000 tons of bars from Turkey in August, Br...Read more -
Thailand suspends anti-dumping duties on China-related hot-dip aluminum-zinc alloy cold-rolled steel sheets
On November 1, 2021, Thailand’s Dumping and Subsidy Review Committee issued an announcement stating that in view of the current uncertainty of the world steel situation and domestic steel trade situation, and in order to alleviate the impact of the new crown epidemic (COVID-19) on the domestic ec...Read more -
Global crude steel production in September fell 8.9% year-on-year
On October 26, the World Steel Association (WSA) released September global crude steel production data. In September, the crude steel output of 64 countries and regions included in the World Steel Association’s statistics was 144.4 million tons, a year-on-year decrease of 8.9%. In September...Read more -
India continues to impose anti-dumping duties on seamless steel pipes and hollow sections from China
On October 28, 2021, the Taxation Bureau of the Ministry of Finance of India issued a notification No. 64/2021-Customs (ADD), accepting the Indian Ministry of Commerce and Industry on July 30, 2021, on July 30, 2021, except for cast iron and stainless steel. Iron, alloy or non-alloy seamless stee...Read more -
Global crude steel production in September 2021
In September 2021, crude steel production in Africa was 1.4 million tons, an increase of 51.0% year-on-year; crude steel production in Asia and Oceania was 101.9 million tons, down 14.6% year-on-year; crude steel production in the CIS region was 8.2 million tons , A year-on-year decrease of 1...Read more -
Global steel demand will reach nearly 1.9 billion tons next year
On October 14, the World Steel Association (hereinafter referred to as the World Steel Association) released the forecast results of short-term steel demand from 2021 to 2022. The World Steel Association predicts that after the global steel demand increased by 0.1% in 2020, it will continue to gr...Read more -
Soaring energy prices have caused some European steel companies to implement peak shifts and stop production
Recently, ArcelorMittal’s steel branch in Europe is under pressure from energy costs. According to foreign media reports, when the electricity price reaches its peak in the day, Ami’s electric arc furnace plant producing long products in Europe will selectively stop production. At pre...Read more -
The national billet market prices have fluctuated
【Market Summary】 Tangshan steel billet direct-issuing resources were actively traded, and the spot price followed the futures lower in the afternoon, and some fell to about 5,410 yuan/ton, and some had low prices. In the afternoon, the futures market fluctuated higher, and the upward spot price...Read more -
India’s largest iron ore producer cuts ore prices for 3 consecutive months
Affected by the decline in international iron ore prices, India’s largest state-owned iron ore producer, National Minerals Corporation of India (NMDC), has lowered its iron ore prices for three consecutive months. It is reported that NMDC has lowered its domestic iron ore price by 1,000 rupees/to...Read more -
The U.S. makes the fifth anti-dumping sunset review final ruling on carbon steel butt-welded pipe fittings
On September 17, 2021, the U.S. Department of Commerce issued an announcement stating that it will make the fifth anti-dumping rapid sunset review of carbon steel butt-welded pipe fittings (CarbonSteelButt-WeldPipeFittings) imported from China, Taiwan, Brazil, Japan and Thailand. It is ruled that...Read more -
The price of steel soared by 50%! The profit per ton of steel is nearly 1,000 yuan, and some companies have reduced their shipments by more than 30%
According to a CCTV financial report, as of September 15, the main price of futures rebar was 5,495 yuan per ton, a year-on-year increase of nearly two thousand yuan per ton, an increase of more than 50%, which is at the highest level in the past ten years. In a steel trading company in Taicang, ...Read more
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