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European tubemakers request safeguard quota cut
Fri, 08 May 2020 00:00:00 GMT
ESTA, the association representing European tubemakers, has sent a formal request to the European Commissions trade unit to cut safeguard quotas for the coming months. This is in response to the Covid-19 pandemic. ESTAs position is largely in line with Eurofers, although tubemakers have requested the EC reduce safeguard quotas in different forms depending

Brazil: Pandemic Disproportionately Impacts Communities Affected ...
Wed, 29 Apr 2020 09:32:00 GMT
After decades of suffering the consequences of pollution and irreversible damage to their health and the environment caused by steel and coal companies, workers and communities like Piqui de Baixo

ArcelorMittal prepares to mothball Fos-sur-mer
Fri, 24 Apr 2020 00:00:00 GMT
ArcelorMittal is going to commence the idling of the second blast furnace at its steelmaking site in Fos-sur-Mer, southern France, the company confirms toKallanish. The shutdown procedure will take several weeks to guarantee safety, the firm explains. It is a temporary stop and when demand picks up, the site will resume production, it adds.

US Steel Utilization Sinks as Coronavirus Corrodes Demand
Wed, 15 Apr 2020 00:00:00 GMT
Capacity utilization, a major indicator of the health of the U.S. steel industry, slumped to 56.1% for the week ending Apr 11, the lowest level since

Dalian iron ore gains as Tangshan lifts smog alert, shipments ...
Mon, 06 Jan 2020 19:45:00 GMT
Chinas iron ore futures rose in early trade on Tuesday, shored up by expectations of higher demand as top steelmaking city Tangshan lifted its second-level smog alert. The most-active traded iron ore

Declines in rebar inventories narrowed on weakened consumption
Thu, 28 Nov 2019 19:26:00 GMT
Greater proportions of cargoes from steel mills were delivered directly to downstream consumers. This week, Tangshan and Handan in Chinas major steelmaking hub of Hebei province reactivated smog

Global Steel Output Drops as China Loses Steam: What's Ahead
Wed, 27 Nov 2019 00:00:00 GMT
Chinese steel production slipped 0.6% year over year to 81.5 Mt in October amid Beijing's anti-pollution drive.

ArcelorMittal says it is calling off acquisition of Italy's Ilva
Tue, 05 Nov 2019 00:00:00 GMT
ArcelorMittal's decision sparked outrage across Italy, with trade unions blaming the steel giant and the ruling anti-establishment for pulling the rug out from under the deal which would have safeguarded thousands of

PRESS RELEASE - Revision of EU steel safeguard improves on technical ...
Tue, 01 Oct 2019 00:00:00 GMT
Brussels, 1 October 2019 The EU has published and implemented its revision of the EU steel safeguard. The new design of the tariff-free quota will better stabilise trade flows by containing import concentration from certain exporting countries. While the changes have resulted in improvements, the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel

PRESS RELEASE Latest weakening further undermines rationale of ...
Wed, 03 Jul 2019 00:00:00 GMT
Brussels, 3 July 2019 The EU steel safeguard, ostensibly designed to ward off import surges in the wake of the US section 232 steel import tariffs, has been automatically raised by 5% despite steel industry protests and the expressed concerns of a number of Member States. This significant rise in the size of the import quota the second this year is happening even as steel demand in the EU is expected to fall in

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