ThyssenKrupp breakup plans do not subject to Tata Steel deal

1 March 2019 ThyssenKrupp said that its breakup plan is not subject to Tata Steel deal (Europe): ThyssenKrupp said that it would continue its breakup plan even if the EU does not approve the ThyssenKrupp-Tata merger. The company said there is no problem in the feasibility of breakup plans. The EU will announce its decision

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

The UK to keep trade remedies on Chinese steel after Brexit

26 February 2019 The UK to keep trade remedies on Chinese steel after Brexit (Europe): The UK government insist to keep trade remedies and steel safeguard duties on cheaper steel and other products from China in case of Brexit. Local steel producers in the UK will clearly be benefiting from this. Commodity Inside understands that

Steel production in Japan has declined but demand stable

25 February 2019 Crude steel production in Japan reached ten years low in January (Asia Pacific): Japanese crude steel production in January decreased by 9.8% year-on-year and fell 3.8% month-on-month to 8.14 million tonnes, the lowest since July 2009, according to data released by Japan Iron & Steel Federation (JISF). The supply side issues were

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

US steel mills output down week-on-week

20 February 2019 Latest Steel Market News NSSMC ramps up crude steel production (Asia Pacific): Japan’s Nippon Steel & Sumitomo Metal Corporation is ramping up of crude steel production at its Wakayama Works with recently started new blast furnace No.2. The new blast furnace is to add 500k tonnes/year capacity of crude steel to the

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

Indonesia expects $900 million investment in the automotive industry

13 February 2019 Latest Steel Market News Indonesia expects $900 million investment in the automotive industry (Asia Pacific): Indonesian Industry Ministry reveals that numerous investors committed to investing around $900 million in the country’s automotive sector. It is expected that half of their products will be exported, while the remaining half would be sold in the

Indian Steel Production declined in Jan 2019

12 February 2019 Latest Steel Market News South Korean vehicle production dived three years low in 2018 (Asia Pacific): Automotive production in South Korea decreased for the third successive year in 2018. The country’s vehicle production reached three low to 4.03 million units last year, down by 2.1% year-on-year.   ŠKODA AUTO starts production of

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