Malaysia’ International Trade and Industry Ministry (Miti) has just announced to impose anti-dumping duties on companies from four countries. Malaysia slapped duties on its imports of cold-rolled coils (CRC) of iron or non-alloy steel, particularly with more than 1,300mm, from China, Japan, South Korea and Vietnam. The duties will be effective for five years, from

Trump reinstates tariffs on Brazilian steel Once again, President Trump has rippled a wave of uncertainty across the steel market. He announced, via Twitter, to reinstate the US tariffs on steel imports from Brazil and Argentina with immediate effect. While Argentina is not an important exporter of steel to the US, Brazil has been the

Flat Steel Market Update Flat steel prices continued its downward trajectory and declined in almost all major markets. The recent drastic decline in steel prices was quite unexpected. The market was expecting a rebound in September which was not materialised while prices continued its slide in October. A combination of factors has driven the decline

Flat steel- an Introduction  Flat steel products are commonly known as steel sheet/coil and steel plate. These are categorised in various types including hot rolled coil (HRC), cold rolled coil (CRC), metallic coated steel, organic coated steel, coil plate and reversing mill plate. Most steel plate is produced in the thickness range between 5mm and

Over the recent few months, we have seen a number of developments in the electrical steel market. In Russia, NLMK agreed to supply electrical steel to LTC Group, a European producer of transformers and power generation parts. Under the two year agreement, NLMK will supply both grain-oriented electrical steel (GOES) and non-grain oriented steel (NGOES)

The US slab buyers have started returning to the market while booking slab from Brazil by using the remaining annual quota (less than 0.5 Mt) in October. This has helped Brazil’s export prices, which reduced its loss to just USD 5/t, from August levels. However, Commodity Inside assess that the exports quota is likely to

Long steel- an Introduction  The term long steel refers to the products made from billets and blooms, which are mainly used in the construction sector. Usually, they are made through EAF furnaces. Long steel products include rebar, wire rod, merchant bars, rails and sections. Rebar is also known as debar, ribbed steel and concrete reinforcing

Novolipetsk Steel (NLMK) is one of the major steel companies which have been most severely impacted by Mr Trump protectionists’ measures. Prior to the imposition of Section 232, NLMK was supplying around 2 million tonnes/year of slabs to its US subsidiary from Russia. Initially, the imposition of 25% duty was affordable for NLMK, owing to