The European Commission has announced an expiry review of the anti-dumping measures against imports of specific seamless pipes and tubes from China. The review was initiated based on the application submitted on February 10, 2022, by the European Steel Tube Association. The product in question consists of seamless tubes, seamless pipes and tubes of iron […]
EU starts expiry review of AD duties on ex-China seamless pipes Read More »
US investment bank JP Morgan warned that the price of oil could reach $185 a barrel if the European Union decides to impose a speedy ban on the import of oil and natural gas from Russia. Natasha Kaneva, an economic analyst at the bank, said that any immediate ban on Russian oil would prevent 4
JP Morgan warns oil prices will rise to $185 if Russian oil imports are banned Read More »
The British Foreign Office said in a statement that “Britain is banning the import of iron and steel from Russia from 14 April.” “From tomorrow, we will ban the import of Russian iron and steel, as well as the export of quantitative technologies and advanced materials that Putin desperately needs,” said Minister Liz Truss. It
Britain bans iron and steel imports from Russia Read More »
ArcelorMittal France, a subsidiary of Luxembourg-based steelmaker ArcelorMittal, has announced that its current program further accelerates the dynamic of environmental improvements, with more than €50 million of investment devoted to better environmental protection over the period 2021-23. The company’s Fos-sur-Mer plant in the south of France is in the process of reducing its environmental footprint.
ArcelorMittal France accelerates environmental improvements Read More »
Nucor Steel has awarded SMS group, Inc. the contract to supply a complete melt shop for the new facility to be built in mason County, West Virginia. The scope includes two 190 metric ton direct current electric arc furnaces (DC EAF), two twin ladle furnaces, and two vacuum tank car degasser facilities. The mechanical supply
SMS group to supply new melt shop to Nucor Steel West Virginia Read More »
The United States and Britain ended a four-year dispute over U.S. steel and aluminum tariffs on Tuesday, pledging to work together to counter China in a deal that also removes retaliatory tariffs from other products. In a joint statement, U.S. Commerce Secretary Gina Raimondo and U.S. Trade Representative Katherine Tai said the deal would protect
New U.S.-U.K. trade deal cuts tariffs on British steel Read More »
Brent crude futures jumped more than $3 to $119 a barrel early Tuesday, a day after oil prices closed more than 7% higher as the European Union considers banning Russian oil. Oil prices closed more than 7% higher on Monday, and Brent crude jumped above $115 a barrel, while European Union countries disagreed over joining
Oil prices jump 3% and approach $120 a barrel Read More »
The EU introduced, on 15 March 2022, a number of additional sanctions measures including in particular on the direct or indirect import of certain iron and steel products if they originate in or have been exported from Russia. It is estimated, in accordance with the European Commission’s (“EC“) press release on the new measures (available
EU Imposes new Iron and Steel import restrictions from Russia Read More »
The eurozone economy posted robust growth last year, official data showed, but fallout from the Omicron variant and an energy crunch have raised doubts about the bloc’s ability to sustain the pace. While historic, the 5.2 percent expansion failed to regain all the ground lost to the crash suffered in 2020, when the first shock
Eurozone economy rebounds by 5.2% in 2021 after recession Read More »
SMS group will improve the efficiency of Magnitogorsk Iron & Steel Works (MMK) processes with the use of ‘syngas’, a combination of hydrogen and carbon monoxide which replaces a portion of the solid carbon fuels – setting the stage for greater decarbonization potential in the future. “We are excited to be able to work further
SMS Group to Deploy Blast Furnace Decarbonization Technology Read More »
The United States and the United Kingdom have agreed to begin talks on removing former President Donald Trump’s import taxes on British steel and aluminum in 2018. In a joint statement, U.S. Commerce Secretary Gina Raimondo, U.S. Trade Representative Katherine Tai and U.K. Trade Minister Anne-Marie Tevelyan said they would be working toward a swift
US, UK begin talks on lifting steel and aluminum tariffs Read More »
With a shared ambition to reduce carbon emissions from iron and steelmaking, Metinvest, the international vertically integrated group of steel and mining companies (“Metinvest” or “the Group”), and SMS group and its subsidiary, Paul Wurth, have signed a Memorandum of Understanding (MOU) to work together to meet this challenge head-on. SMS group, as the world
Metinvest Sign Mou with SMS Group To Face Decarbonization Challenge Together Read More »
The U.S. Commerce Department on Tuesday issued final anti-dumping duties on common alloy aluminum sheet from 18 countries investigated, including up to 242.8% on imports from Germany and 4.83% on imports from Bahrain. The duties were announced just hours after Rhode Island Governor Gina Raimondo won confirmation as the new U.S. Commerce Secretary in an
U.S. Commerce sets anti-dumping duties on aluminum sheet from 18 countries Read More »
The iron and steel company “Tosyali Algeria” has exported 27,000 tons of rebar to the United States of America, according to what was benefited on Monday by the communication cell of the same company. The cargo was shipped as part of the third export of the company’s various products this year, and it included the
Tosyali Algeria exports 27,000 tons of rebar to the United States Read More »
According to export data from the US Department of Commerce,US exports of rebar totaled 21,963 mt in December 2020, up 1.9 percent from November and up 124.1 percent from December 2019 levels. By value, rebar exports totaled $14.2 million in December, compared to $13.6 million in the previous month and $6.9 million the same month
US rebar exports up in December Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 55,783 mt in December 2020, down 14.1 percent from November but up 45.0 percent from December 2019 levels. By value, wire rod imports totaled $41.7 million in December 2020, compared to $43.5 million in the previous month and
US wire rod imports down 14.1 percent in December Read More »
According to preliminary census data from the US Department of Commerce, US imports of rebar totaled 44,464 mt in December 2020, down 33.5 percent from November but up 7.5 percent from December 2019 levels. By value, rebar imports totaled $19.8 million in December 2020, compared to $30.6 million in the previous month and $22.6 million
US rebar imports down 33.5% in December Read More »
The U.S. Court of International Trade upheld former President Donald Trump’s “Section 232” U.S. national security tariffs on steel imports on Thursday, denying a steel importer’s challenge to the duties. A three judge panel at the New York-based federal court, which hears challenges to trade actions under U.S. laws, found that the Commerce Department and
U.S. court upholds Trump’s national security tariffs on steel imports Read More »
Iron ore production in the US totaled 37 million mt in 2020, down 21.1 percent from the 46.9 million mt produced in 2019, according to a report from the US Geological Survey (USGS) National Minerals Information Center. Shipments of iron ore in the US totaled 34 million mt, down 27.7 percent from the 47 million
US iron ore production down 21.1 percent in 2020 Read More »
Crude steel output in Italy declined by 12.2% year-on-year in 2020, despite a double-digit increase in December, Italian steel association Federacciai said . The country’s total crude steel production amounted to 20.35 million tonnes in 2020, down from about 23.19 million tonnes in 2019. Long steel output declined by 9.5%, to 11.16 million tonnes, down
Italy’s steel production falls in 2020 Read More »
According to the latest figures issued by the European Automobile Manufacturers Association (ACEA), in December last year, the new car registrations totalled 1.03 million units in the European Union, which led to a decrease of 3.3% compared to 1.06 million units in December 2019. 9.9 million units were registered in 2020, almost three million less
EU new passenger car registrations down 23.7 per cent in 2020 Read More »
Earlier in 2020, Turkish producers had mostly preferred to serve the local market and avoid competition with other suppliers in the global arena, but November was marked with a surge in export billet sales. However, the aggregated figures remained very low on annualized base, losing more than a half. The main support traditionally came from
Turkey ramps up billet exports by 65% in November Read More »
The European Union will impose tariffs from Friday on hot-rolled iron and steel products from Turkey based on an ongoing investigation into dumping. The duties will range from 4.8% to 7.6% and affect Turkish companies Erdemir, Isdemir, Colakoglu Metalurji and Habas, according to the text of the EU official journal published on Thursday. The complaint
EU imposes duties on some Turkish iron, steel imports Read More »
Russia-based leading steel producer Metalloinvest has announced that it has launched the upgraded blast furnace N° 2 at its subsidiary Ural Steel. The investment in the project amounted to RUB 2.5 billion ($33.5 million). The upgraded blast furnace has a capacity of 760,000 tonne of pig iron per year. The blast furnace N° 2 has
Metalloinvest upgrades blast furnace No. 2 at Ural Steel Read More »
The Russian government is mulling over the introduction of export duties on rebar and billet to combat a sharp rise in domestic long steel prices. Federal Antimonopoly Service of Russia (FAS) suggested the export measures to curb sharp price increases in Russian domestic long steel market, according to a letter from FAS to the Ministry
Russia considers export duties on steel billet, rebar Read More »
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 1,370,000 net tons (NT) of steel in November 2020, including 1,181,000 net tons (NT) of finished steel (down 9.2% and 5.5%, respectively, vs. October final data). Through the first eleven months of 2020, total
US steel imports decreased by 22.8% in January-November Read More »
According to export data from the US Department of Commerce, monthly steel exports in October 2020 increased 7.3 percent from September to total 661,828 mt. A year-on-year comparison shows a 2.9 percent decrease. In terms of value, US steel exports in October totaled $826.3 million, compared to $762.1 million in September and $944.7 million in
US steel exports up 7.3 percent in October Read More »
The World Trade Organization backed Japan in several claims in a ruling on Monday against South Korea’s 16-year-old anti-dumping duties on Japanese stainless steel bars. The three-person WTO panel recommended in conclusion that South Korea bring its measures into conformity with its obligations under the WTO’s anti-dumping agreement. South Korea imposed duties of 15.39% in
WTO largely backs Japan over South Korean steel duties Read More »
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 1,502,000 net tons (NT) of steel in October 2020, including 1,244,000 net tons (NT) of finished steel (up 19.6% and 6.6%, respectively, vs. September final data). Through the first ten months of 2020, total
US steel imports decreased by 22.8% in January-October Read More »
G20 nations are determined to continue doing everything possible to contain the COVID-19 pandemic, warning in a draft communique that the global economic recovery remains “uneven, highly uncertain, and subject to elevated downside risks”. Bringing the pandemic under control is the key to supporting a global economic recovery, the G20 leaders said in the draft,
G20 determined to use all tools to contain pandemic Read More »