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Turkish mills to object to EC's antidumping decision on HDG imports
Wed, 18 May 2022 00:00:00 GMT
Turkish hot-dipped galvanized coil producers will object to the European Commissions decision May 10 to impose definitive antidumping duties on HDG imports into the EU from Russia and Turkey, sources told S&P Global Commodity Insights May 17. One of the producer sources said they have already filed an appeal with the commission. A negotiation

Dalian iron ore rebounds on supply woes, easing of China COVID ...
Tue, 17 May 2022 00:00:00 GMT
Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the worlds top steel producer also lifted trader sentiment. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange DCIOcv1ended daytime trade 3.9% higher at 834.50 yuan ($122.80) a tonne, after posting its biggest weekly loss in nearly three months on Friday. On the Singapore Exchange, the

Stop waste and scrap export to countries not meeting EU environmental ...
Mon, 16 May 2022 00:00:00 GMT
The current Waste Shipment Regulation proposal lacks effective measures to tackle environmental challenges of waste exports and to enhance EU resiliency on valuable secondary raw materials, risking to undermine the EUs Circular Economy and Green Deal objectives, warns the European Steel Association (EUROFER) on the occasion of the presentation of the draft report by the Environment Committee at the European Parliament. The current provisions on waste export are clearly insufficient and

Turkish steel producers expect EU to remove safeguards following ...
Mon, 16 May 2022 00:00:00 GMT
The Turkish Steel Producers Association expects the European Commission to remove safeguard measures on steel products as a World Trade Organization panel supported the thesis that these are contrary to international trade rules. The removal of EU safeguards will contribute to the re-establishment of free and fair trade globally, as well as improve trade

Shanghai steel rebar, HRC futures range-bound on lean downstream ...
Sat, 14 May 2022 00:00:00 GMT
Chinese steel rebar and hot-rolled coil futures traded in a tight range on Friday and posted weekly losses as COVID-19-related restrictions and heavy rains dented downstream demand. China has been trying to strengthen its economy hit by the COVID outbreak, rolling out measures to help small firms and stabilize jobs and relaxing controls in the property market. However, its strict lockdowns are expected to continue to weigh on industrial activity, resulting in weaker demand for metals, ANZ

Ukraine: billet exports to Turkey down in Q1 2022
Fri, 13 May 2022 09:37:38 GMT
In January-March, Turkey decreased imports of Ukrainian billets by 49.5% YoY, to 84.8 thousand tons. In March, billet exports to Turkey stopped because of the Russian invasion and blockade of ports. Exports totaled 30.4 thousand tons. Ukraine accounts for 21% of Turkey's billet imports. (Ukrainian

EC to propose potential steel import safeguard changes late May ...
Fri, 13 May 2022 00:00:00 GMT
The European Commission is set to propose an updated European Union steel import safeguards regime later this month, with a view to effecting any changes in July, the EC said this week. The review is still ongoing and should be concluded and adopted in time for any changes to apply as of 1 July 2022, an EC spokesperson said in an email. The Commission expects to issue a WTO notification with the main elements of the proposal towards the end of May or early June at the latest. The system,

Ukraine: AMKR to focus on concentrate sales
Tue, 10 May 2022 09:56:35 GMT
Before the war, ArcelorMittal Kriviy Rih produced raw materials mostly for its own use. The company exported only 20% of iron ore concentrate. Now AMKR exports 80%. In May, the company intends to export 450 thousand tons of concentrate, with 100 thousand tons via a new loading unit. Investments in the new unit exceeded

India: Domestic steel outlook firm amid concern of global steel ...
Tue, 10 May 2022 00:00:00 GMT
The Indian steel sector outlook, on the back of strong domestic demand from government and private sectors, is likely to remain firm amid concern of global demand uncertainties in the current fiscal. Tata Steel expects that demand and prices will remain strong as China will no longer be adding 50-60 million tonnes to its capacity annually and that country may not export significantly higher quantities to disrupt steel prices globally. However, India Ratings and Research (Ind-Ra) has

EU coil prices dodge import harm
Tue, 10 May 2022 00:00:00 GMT
Prices of EU coil mills keep giving in but only slightly and slowly not least because the influence of imports remains limited, despite considerable gaps. Even with the addition of the EUs import levy, there was still a difference of approximately 150/tonne ($158/t) in April to the advantage of Asian prices, a

Iron ore falls as Chinas zero-COVID policy stokes growth ...
Sat, 07 May 2022 00:00:00 GMT
Benchmark Dalian and Singapore iron ore futures tumbled more than 5% in late trade on Friday as China reinforced its tough COVID-19 response policy that has hit economic activity, prompting traders to be more cautious. The most-traded September iron ore on Chinas Dalian Commodity Exchange ended daytime trading 5.1% lower at 825 yuan ($123.47) a tonne, after a four-session advance. On the Singapore Exchange, the steelmaking ingredients most-active June contract fell 5.4% to $137.45 a tonne

Iron ore futures rise on optimism over China central bank support
Fri, 06 May 2022 00:00:00 GMT
Chinese iron ore and steel futures rose on Thursday after the countrys central bank said it would take monetary policy steps to help businesses hit by the COVID-19 outbreak and support a recovery in consumption. Returning from a five-day Labour Day break, traders were also upbeat about replenishment demand remaining strong for the steelmaking ingredient in the world top steel producer. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange DCIOcv1 ended daytime

Number of steel trade news reports: 12
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