Indonesia imposes new steel duties on seven countries
22 March 2019
Indonesia imposes fresh AD duties on imported steel products from seven countries
(Asia Pacific): Indonesia imposed anti-dumping duties up to 20% on imported flat steel products from China, Russia, India, Taiwan, Thailand, Kazakhstan and Belarus. The new tariff will be effective by 2nd April for the next five years.
Oyak plans $1 billion steel investments in Turkey
(Europe): Turkey’s largest integrated steel producer Oyak Mining Metallurgy Group announced to invest $1 billion in Ereğli facilities. The company will build 800k tonnes/year coke production plant, a 5 million tonnes/year sinter plant and a new blast furnace. The investment will also use to modernise its existing facilities.
Russia’s Mechel 2018 earnings decreased by 7%
(Europe): Russian steel and mining company Mechel’s profit decreased in 2018 year-on-year. The profit fell due to higher coal prices which resulted in lower shipments in the mining division, according to the company.
Damen starts construction of LNG Bunker vessels for Eesti Gaas
(Asia Pacific): China’s Damen Yichang Shipyard started construction of a 6,000m³ LNG Bunker vessels for Estonia’s Eesti Gaas. The vessel is the first of a planned series of Eesti Gaas’s LNG Bunker vessels to be built by China’s Damen Yichang Shipyard.
China imposes preliminary AD duties on the stainless steel products
(Asia Pacific): China imposed preliminary anti-dumping duties ranging from 18.1% to 103.1% on the imports of stainless steel billet and hot-rolled stainless steel plate from the European Union, Japan, South Korea and Indonesia. The duties will take effect from 23rd March 2019.
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