China to use satellites to curbing steel overcapacity

4 April 2019 China to use satellite remote sensing for curbing overcapacity in steel (Asia Pacific): China plans to inspect Hebei and Tianjin regions to stop non-regulated steel production, according to the country’s Ministry of Industry and Information Technology. The country will also use satellite remote sensing to get information about unwanted steel production.  

Hybrit: Vattenfall, SSAB and LKAB sustainable steel production

2 April 2019 Vattenfall, SSAB and LKAB to develop a pilot plant for sustainable steel production (Europe): The three Swedish giants are working on the project Hybrit since 2016 to develop fossil free steel production method by 2035. The joint venture will soon start construction works on the experimental plant for Hybrit in Sweden.   

Mexico would reject the steel quota offer from the US

28 March 2019 Mexico would reject the steel quota offer from the US (North America): Mexico is likely to reject any quota based trade proposal from the US for resolving trade issues, according to Mexico’s deputy economy minister.   Vietnam’s steel exports value increased by 5.8% in Q1 2019 (Asia Pacific): Vietnam steel exports reached

Canada can delay USMCA if steel tariffs not removed

26 March 2019 Canada can delay USMCA in case of steel tariffs not removed (North America): Canada’s foreign minister said that the revised NAFTA deal- USMCA- can be delayed until the US lifts the 25% import duties on Canadian steel and aluminium products. USMCA was signed on 30 November 2018 but not effective yet. The

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

Indian steel producers urge to end dumping of Iranian steel

19 March 2019 Indian steel lobby urges the government to end dumping of Iranian steel (Asia Pacific): Indian Steel Association wrote a letter to the Indian government urging to stop dumping of cheap Iranian steel products via UAE route. The association mentioned that steel imports from the UAE are growing at alarming rates. These are

Tenaris gets tariff exemption on round steel billet imports

8 March 2019 Tenaris received section 232 tariff exemption on round steel billet imports (North America): The Department of Commerce (DoC) granted an exemption to Tenaris, a steel tube manufacturer, from 25% tariffs on round steel billets imports from its sister companies in Romania, Mexico and Italy. The DoC found that round billets required by

Chinese stainless steel net exports increased in January

27 February 2019 Chinese stainless steel net exports increased in January (Asia-Pacific): Chinese stainless steel net exports reached around 185k tonnes, registered an increase of 43% year-on-year. Drilling down further, Chinese stainless steel imports decreased by 41.78% and stood at 134k tonnes in January while the exports dropped 11.1% resulted in 319.5k tonnes. The Chinese

ArcelorMittal develops advance grade steel for autos

22 February 2019 Latest Steel Market News India tries to provide equal opportunities to primary and secondary steel producers (Asia Pacific): The Indian government has announced to stop the practice of steelmaker classification into integrated, primary and secondary in tenders. The government instructed all relevant departments to avoid such classification restrictions in tenders published by

The US DoC submits auto tariff investigation report to the President

18 February 2019 Latest Steel Market News Iran’s DRI production exceeds  21 million tonnes (Middle East): Direct reduced iron (DRI) production in Iran reached in total over 21 million tonnes in ten months for the period 21 March 2018 to 21 January 2019. The period is based on the Iranian Islamic calendar. The output increased 27% from the same period of the previous year.   The US DoC submits auto