India’s preliminary ruling: it is necessary to levy temporary countervailing duty for the subsidy of stainless steel flat products from Indonesia
- 1 India’s preliminary ruling: it is necessary to levy temporary countervailing duty for the subsidy of stainless steel flat products from Indonesia
- 2 New breakthrough in medium plate rolling of duplex stainless steel in JISCO
- 3 Fujian heavy duty steel Co., Ltd
- 4 Vietnam 201 import ban changed
- 5 China’s auto sales rose 16.4% year on year in July
- 6 It is true that Taigang went to Indonesia to build a factory
On August 7, 2020, the trade remedy administration of the Ministry of Commerce and industry of India announced the preliminary results of the countervailing investigation on stainless steel flat products originated in or imported from Indonesia. According to the Bureau, relevant products are exported to India at subsidized prices, which causes substantial damage to India’s domestic industries, and it is necessary to levy a temporary countervailing duty. The specific tax rates (calculated on CIF value) are as follows:
GCNs, ITSS, irnc, Pt IMR arc steel are 22.31% and 24.83%, respectively.
Interested parties can express their opinions within 40 days after the publication of the preliminary investigation results, and the Ministry of Commerce and industry of India will hold a hearing on the case at any time.
On October 18, 2019, the Ministry of Commerce and industry of India, at the request of companies affiliated to Jindal stainless steel group and Indian Stainless Steel Development Association, filed a countervailing investigation on stainless steel flat products originating in or imported from Indonesia. Products under Indian customs code 7219 and 7220 are involved. The products involved do not include blade grade steel for razors and stainless steel for coin making blank (customs code 73269099).
The subsidy investigation period of this case is from April 2018 to March 2019, and the damage investigation period is from April 2015 to March 2018 and the subsidy investigation period.
New breakthrough in medium plate rolling of duplex stainless steel in JISCO
Recently, Jiuquan Iron and Steel Co., Ltd. successfully rolled 2205 duplex stainless steel of 12 × 2500 mm, filling the blank of limited thin and wide duplex stainless steel products.
Due to the small thickness and large width of the products, the rolling process is risky and difficult to operate. Starting from the raw materials, the technical personnel shall design the size of raw materials according to the reduction of the extended passes, design the rolling schedule, make full use of the broadening passes as much as possible, and reasonably distribute the reduction of longitudinal rolling passes to ensure the success of rolling.
Because duplex stainless steel is sensitive to temperature change during rolling, in order to avoid increasing rolling difficulties after temperature reduction, technicians shut down the cooling water of roller table in advance, and appropriately reduce the pressure of roller cooling water, reduce the temperature loss of steel plate, and ensure smooth rolling.
After careful planning of stainless steel and rolling mill technicians and careful operation of operators in medium plate operation area, 9 pieces of 12 × 2500 mm duplex stainless steel with a total of more than 40 tons were finally produced, which broke the width record of dual phase stainless steel rolled by medium plate production line, and laid a foundation for the subsequent development of 10 × 2500 mm extreme specification products.
Fujian heavy duty steel Co., Ltd
In July, the output of the section steel workshop of the linear Department of the Industrial Co., Ltd. reached a record high, with the section steel output reaching 53200 tons / month. Sun Yongwei, general manager, gives guidance and management ideas in safety production management, quality management and performance evaluation. With the full cooperation of the Research Institute and all departments of the company, director Zhang Chaodong actively implemented the management requirements of the company’s leaders, made efforts to improve the production efficiency, get through all links, and solve the problem of blocking in the production process, so that the production work can be promoted in a solid and orderly manner, and the production in the section steel workshop will achieve another good performance.
Vietnam 201 import ban changed
Recently, Vietnam issued an official document allowing the import of 201 stainless steel from China. Earlier, Vietnam said that in order to ensure strict control of the quality of stainless steel, it would stop importing 201 stainless steel from China from June 1, 2020, but only one month later, the ban was lifted and the implementation was postponed to January 1, 2020. The official document was officially cancelled. It is understood that Vietnam is the main export destination of China’s 200 series steel. However, due to the influence of Vietnam’s official import ban, the overall orders of some domestic 200 series steel exporters have decreased significantly. At present, the amendment of the ban is good for China’s export of different types of 200 series stainless steel. It is estimated that the export volume of 200 series steel may increase month on month in the fourth quarter, and the actual overseas procurement volume is still in the sea Statistics is the main factor.
Philippine nickel production in the first half of 2020 will decrease by 27% year on year
In the first half of the year, the production of nickel ore in the Philippines was 8.21 million dry tons, a year-on-year decrease of 27%.
The Geological Bureau of the Philippines According to data released in May, the country’s nickel ore production in the first quarter was 27% lower than that in the same period last year to 28006 tons of metal, as more than half of the country’s 29 nickel mines reported zero production, only 11 nickel mines reported production, and the remaining 18 were either in maintenance or shutdown due to adverse weather.
China’s auto sales rose 16.4% year on year in July
According to the statistical express data of China Automobile Industry Association, in July 2020, China’s automobile sales volume is generally stable, with a slight decrease month on month, and continues to maintain double-digit growth year-on-year. From January to July, the decline rate of automobile sales continued to narrow further.
In July 2020, China’s auto sales reached 2.112 million units, up 16.4% year on year. Among them, 1.665 million passenger cars were sold, with a year-on-year growth of 8.5%; 447000 commercial vehicles were sold, with a year-on-year increase of 59.4%, including 32000 passenger cars, a year-on-year decrease of 15.1%, and a very rapid growth of freight cars, with a year-on-year growth rate of 71.1%, reaching 415000 vehicles. The sales of four types of trucks still showed a rapid growth, of which the sales growth rate of heavy-duty trucks was more than 80%, and that of new energy vehicles was more than 80% Sales of 98000 vehicles increased by 19.3% year on year.
From January to July 2020, China’s automobile sales volume reached 12.365 million, a year-on-year decrease of 12.7%, 4.2 percentage points lower than that of January June.
From January to July 2020, the sales volume of passenger cars was 9.533 million, a year-on-year decrease of 18.4%, 4.0 percentage points lower than that of January June.
From January to July 2020, the sales volume of commercial vehicles was 2.832 million, a year-on-year increase of 14.3%, an increase of 5.7 percentage points compared with January June. Among them, 2.615 million trucks were sold, with a year-on-year increase of 17.4%; 217000 passenger cars were sold, with a year-on-year decrease of 13.0%.
From January to July 2020, 486000 new energy vehicles were sold, a year-on-year decrease of 32.8%. Among them, 378000 pure electric vehicles were sold, with a year-on-year decrease of 34.3%; 108000 plug-in hybrid electric vehicles were sold, with a year-on-year decrease of 26.4%; and 407 fuel cell vehicles were sold, with a year-on-year decrease of 63.2%.
From January to July 2020, the sales volume of Chinese brand passenger cars was 3.434 million, a year-on-year decrease of 25.0%, and the market share was 36.0%, with a year-on-year decrease of 3.2 percentage points.
Compared with the United States, Japan and India, in July, the U.S. car sales fell by 12.7%, Japan’s by 13.7%, India’s by 31.4%, and China’s by 16.4%; from January to July, the U.S. auto sales fell by 22.1%, Japanese auto sales by 18.9%, India’s by 47.2%, and China’s by 16.4% 7%.
It is true that Taigang went to Indonesia to build a factory
Recently, some investors asked TISCO stainless steel: some media reported that TISCO plans to build ferronickel and short process stainless steel projects in Indonesia. Is the report true?
In this regard, TISCO stainless steel responded and said: Recently, Taiyuan Iron and steel (Group) Co., Ltd. and MCC Oriental signed the master planning contract of Indonesia short process stainless steel project. This will enable TISCO to actively integrate into the construction of the “belt and road” initiative and create opportunities for exploring international production capacity cooperation.
From Metal & Oil & Gas News, post India’s Antidumping on stainless steel plate imported from Indonesia / nickel mine production in Philippines dropped sharply year on year / automobile sales increased by 16.4% in July / medium plate rolling breakthrough of Jiuquan Steel Co., Ltd. / import ban change of Vietnam 201