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Turkish steel industry eying Latin American market

The Turkish steel industry, which comes to the fore as the most affected sector by increasing protectionist tendencies, especially from the US, has turned its route toward Latin America, whose annual steel imports reach some USD 31 billion. The sector, ...

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China’s Oct crude steel output rises 9% to record 82.55 mil mt

China’s crude steel output in October hit a record 82.55 million mt, up 9.1% on year, data released by the National Bureau of Statistics on Wednesday showed. The annual growth rate compares with 7.5% in September. The daily crude output ...

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Indian Crude steel production up 5.2% at 61.1 MT this fiscal

The current trends in the global economy are highly influenced by the conflicting events in the political scenario of major economies. While US economy shows an increasingly strong feature with GDP touching 3.0%, unemployment rate down at 3.7%, CAD at ...

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Japan oil well pipes to be exempted from Section 232

United States Department of Commerce has decided to exempt Japan’s oil well pipes exported to the US from the Section 232 of the Trade Expansion Act, responding to the requests from large US corporate customers, including Shell, Chevron, BP, and ...

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Canada PM won’t attend USMCA signing

USMCA, the renewed and renamed pending trade agreement, between the United States, Mexico and Canada, signing is to take place on November 30th. But Canada’s Prime Minister Justin Trudeau will not attend the event if the steel and aluminum tariffs ...

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China steel marks second weekly fall amid ample supply

China’s steel futures edged lower on Friday and posted their second weekly drop amid signs that steel output in the world’s top producer will remain high, pushing prices of raw material iron ore to a one-week peak. The most actively ...

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Steel industry co-products

The World Steel Association has published a position paper on the steel industry’s use of co-products. Co-products are valuable materials produced alongside or as a consequence of the production of steel. For example, process gases are used as sources of ...

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China steel heads for second weekly fall amid ample supply

China’s steel futures edged higher on Friday, but were on course for their second weekly drop amid signs that steel output in the world’s top producer will remain high. Prices of steelmaking raw materials rose, with iron ore hitting a ...

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Severstal may borrow to finance new capex surge

Russian steelmaker Severstal will ramp up investments by 75% next year, a decision which may require borrowing. Severstal’s CFO Alexey Kulichenko said “A significant proportion of the investment is related to cost savings including putting conveyor belts in our iron ...

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WTO rules against India’s safeguard duty on hot rolled steel

India lost a major trade dispute at the World Trade Organization, after a dispute settlement panel largely upheld Japan’s complaint that New Delhi’s imposition of safeguard duty on imports of hot-rolled steel flat products during September 2015 and March 2018 ...

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