Ford announces to close its production in Brazil

21 February 2019 Latest Steel Market News India prolongs exemption on some imported steel grades (Asia Pacific): India announced to extend exemption on the import duty for some auto grade steel till 17 April 2019. The new tougher import rules were previously allowed to set by 17 February 2019 but expected a negative impact on

US imposes tariffs on imports of trailer wheels from China

19 February 2019 Latest Steel Market News US imposes tariffs on imports of trailer wheels from China (North America): The US Department of Commerce (DOC) has imposed preliminary import duties from 58.3% to 293.27% on the Chinese steel trailer wheels. The investigation for the duties initiated on the request of Dexstar Wheel Co. in August

Turkey urges the US to roll back its tariffs on Turkish steel

8 February 2019 Latest Steel Market News India to first time use stainless steel in its railway bridge (Asia-Pacific): Rail Vikas Nigam Limited, a Chennai-based engineering company associated with Indian Railways, has decided to use stainless steel beams as an integral component in the new Pamban bridge. The bridge is located in a highly corrosive

Nickel prices rise after the dam collapse

7 February 2019 Latest Steel Market News Sooner acquires OCTG supplier CTAP (North America): Marubeni-Itochu Steel Group’s subsidiary Sooner Inc. has signed an agreement to purchase 100% share in OCTG supplier company CTAP, LLC. The deal will allow Sooner to acquire all 11 CATP service centres in the US. Schmolz + Bickenbach opens service facility

US Steel Kosice to build new NGOES production line in Slovakia

17 January 2019 Latest Steel Market News EU decides to limit steel imports until 2021 (Europe): Steel imports will be limited to a quota set to average imports levels in the past three years. Eurofer welcomes the safeguard measures announced by the EU on Wednesday. The quotas would be implemented cyclically with three months period