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Russia puts its losses from US aluminum, steel tariffs at $600mln

Russia estimates its losses from steel and aluminum tariffs introduced by the United Statesa at $600 million, Russian Economic Development Minister Maxim Oreshkin said in an RT interview. “We have already calculated the damage done to our economy by this ...

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Turkey imposes quota-tariff system on steel imports

Turkey’s customs and trade ministry, following a safeguard investigation into imports last April, has imposed a provisional 25% safeguard duty on imports of carbon steel flat and long products, welded and seamless pipe, stainless flats and special steel longs exceeding ...

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CISA advises steel mills to use mixed index to import iron ore

China’s Iron & Steel Association has advised Chinese steel mills that they should refuse to sign iron ore purchase contracts that are not based on a basket of indices. CISA Secretary General Mr Liu Zhenjiang said at CISA’s annual raw ...

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China drive to boost broader infrastructure could help its steel sector

A push to expand subway networks in some of China’s biggest cities along with a drive to boost broader infrastructure investment in the world’s No.2 economy are helping brighten the outlook for the nation’s mammoth steel sector. The northeastern cities ...

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China’s iron ore demand has already peaked

China’s iron ore demand has already peaked and is expected to stay flat, an official of the country’s biggest listed steelmaker, Baoshan Iron & Steel Co, said on Thursday. China bought a record 1.08 billion tonnes of the steelmaking raw ...

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China’s steel demand to stay firm despite U.S. trade war

China’s steel demand will remain firm despite the country’s escalating trade war with the United States, and any efforts by Washington to “sabotage” the Chinese economy will not succeed, the head of China’s steel association said. “The U.S. wants Chinese ...

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Shanghai steel rebar rises on Chinese infrastructure push

Prices for Chinese construction steel rebar rose on Wednesday and were on track for their best one-day performance in over a week, buoyed as the government said it would boost spending on infrastructure. The National Development and Reform Commission (NDRC), ...

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Switzerland lodges protest against EU steel tariffs

Swiss Info reported that Swiss steel manufacturers fear being frozen out of the EU market if they exceed restrictive quotas. Swiss negotiators say they have had “constructive” talks with the European Union over protective steel tariffs that Brussels has imposed ...

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Trump Trade War – China strikes back with tariffs on USD 60 billion worth of US goods

China’s Customs Tariff Commission of the State Council announced on September 18 that China will take retaliatory tariff action against USD 60 billion worth of US made goods less than 24 hours after President Donald Trump decided to impose tariff ...

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Chinese steel, iron ore price rise amid Sino-U.S. trade tensions

China’s steel and iron ore prices finished trading up more than 1 percent on Tuesday, with Beijing announcing after the close that it would take countermeasures in response to the latest round of U.S. trade tariffs. China’s commerce ministry said ...

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