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EU Steel Prices Rise Despite New US Import Tariff Announcement

The recent US announcement of a 25 percent tariff on steel imports certainly created a great deal of speculation and uncertainty in the EU market. It dominated discussions during MEPS research, in March. However, purchasing and prices were not directly ...

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China steel association emboldened as U.S. antitrust probe dropped

China’s steel industry will resolutely respond to any trade action taken by United States, the China Iron & Steel Association (CISA) said on Tuesday as it hailed a climbdown by Washington in an antitrust case. The CISA statement came after ...

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If China sneezes, Indian steelmakers may catch a cold

On 12 March, iron ore prices fell to their lowest in 2018 so far, at $66/tonne for ore with 62% iron content delivered to Qingdao port, shows Bloomberg data. That’s a 9.5% decline from its level in early-January and prices ...

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Steel prices may firm up by 6-10%, bridge the discount

Steel prices are expected to firm up by 6-10 per cent this month wiping out the current domestic discount to the landed cost of imports. Steel companies are planning to increase prices on the back of rise in raw material ...

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China’s steel prices, margins fall despite output curbs

China’s steel output rose in the November-February period, despite production cuts being imposed in some cities, pushing prices and profit margins lower. Crude steel output was 270.02mn t in the four-month period, up by 2.95pc from 262.28mn t in the ...

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Steel Stocks’ Tariff-Fueled Gains Evaporate

President Donald Trump said his tariffs on steel imports will help domestic manufacturers. Judging from the companies’ stock performance, investors are skeptical. Shares of U.S. Steel Corp. slipped in eight of the past nine days, erasing all the gains since ...

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China can shrug off US’ steel and aluminium tariffs, for now

China’s overall exports are unlikely to be dented by the US’ recent decision to impose tariffs on steel and aluminium imports, but there are concerns about further protectionist measures that would be disruptive to global trade. Any additional punitive trade ...

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China’s slow steel industry cuts unlikely to satisfy Trump’s demands

China’s steel mills, a target of US President Donald Trump’s ire, supply half of world output, so every move they make has a global impact. The steel industry swollen over the past decade to support a history-making Chinese construction boom. ...

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Chinese iron ore, coke futures fall again on soft demand, high steel inventories

Chinese iron ore futures declined for the seventh consecutive session to hit a nearly fourth-month low as steelmaking raw materials were pressured by soft demand for the metal and high product inventories held by trading companies. Dalian iron ore futures ...

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Trump steel tariffs may leave these U.S. steelworkers jobless

Mick Lang has been a steelworker for nearly 40 years and voted for businessman Donald Trump in the hopes he would bring about a renaissance for the long-suffering U.S. steel industry. Now he worries President Trump’s tariffs on imports of ...

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