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 »
One of Ukraine’s largest steelmakers, ArcelorMittal Kryvyi Rih, (AMKR) has continued with the scheduled restart of blast furnace N °6, which had been idled for over a month due to the Russian invasion. The company has successfully conducted blowing-in of the furnace and is expecting to produce the first thousand metric tons of pig iron
In February this year, Turkey’s rebar exports amounted to 551,822 metric tons, up 10.6 percent compared to January and decreasing by 1.7 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $386.9 million, increasing by 9.6 percent compared to January
Value of Turkey’s exports of rebar increased by 39.6% in January-February Read More »
In February this year Turkey’s foreign trade deficit increased by 135.5% to $7.88 billion compared to February 2021,according to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). In the January-February period this year, Turkey’s foreign trade deficit rose by 183.3% year on year to $18.15 billion. In February, Turkey’s iron and
Turkey’s steel export value up 52.5% in Jan-Feb 2022 Read More »
In February this year the value of Turkey’s iron and steel imports increased by 46.1% year on year, totaling $2.67 billion,According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). In the given month, iron and steel ranked in second place among the most imported products of the country in terms
Turkey’s steel import value up 53.5% in January-February 2022 Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) , in December last year the value of Turkey’s iron and steel imports increased by 84.6 percent year on year, totaling $2.81 billion. In the given month, iron and steel ranked in third place among the most imported products of the
Turkey’s steel import value up 82.9 percent in 2021 Read More »
In November last year, Turkey’s billet and bloom import volume increased by 177.8% month on month to 203,094 mt, up by 152.2% year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $137.3 million, increasing by 158.2% month on month and up by 252.1% year
Turkey’s billet imports up 92.3% in January-November Read More »
In November last year, Turkey’s rebar exports amounted to 462,685 metric tons, down 26.1% compared to October and decreasing by 24.8% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). The revenue generated by these exports totaled $321.2 million, decreasing by 25.9% compared to October and up 17.5% year
Turkey’s rebar exports increase by 31.6% in January – November Read More »
Within the framework of strengthening cooperation between the member companies of the Arab Iron and Steel Union, the General Secretariat of the Union organized a visit for a delegation from SIDER El Hadjar Complex Algeria to the Mineral Holding Company in Egypt to enhance cooperation between the two companies. The Managing Director of the Mineral
The Council of Arab Economic Unity held yesterday its fifty-fourth meeting of the Arab unions specialized in work quality, which was organized by the Council of Arab Economic Unity, in the presence of the leaders of the Arab unions specialized in quality. The Arab unions’ periodic meeting dealt with achievements and recommendations made at the
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 »
More than one million lives have been lost to COVID-19 since the start of the year and the toll continues to rise. Many more have suffered serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. These are difficult times, yet there are some reasons to be hopeful. Testing
Global Economic Growth Outlook 2020-2021 Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.4 million tonnes (Mt) in September 2020, a 2.9% increase compared to September 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
world’s production of crude steel rose 2.9% in September Read More »
European steel association Eurofer today submitted its registration request in the anti-dumping case against Turkish hot-rolled coil (HRC). If the European Commission accepts the registration, a fee can be levied retroactively for three months before the imposition of provisional measures, if dumping is proven. Temporary measures are to be announced on 23rd December this year
Eurofer files registration request in Turkish HRC Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in July 2020, a 2.5% decrease compared to July 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
World crude steel production decreased by 2.5% in July Read More »
In the first five months of this year, Turkey saw insufficient global long steel demand amid the pandemic, in addition to more competitiveness offers from other suppliers, have hindered export sales. As Turkey exported only 39,728 tonnes in May, reducing trade by 30.7% month-on-month and 48% year-on-year, according to the Turkish Statistical Institute (TUIK). North
Only North Africa interested in Turkish billet in May Read More »
Local and federal customs authorities in the UAE will impose a customs duty worth $137 on every tonne of iron and steel plate imports from 19 July 2020 to 14 May 2021. Previously, a decision was made to levy customs duties on the GCC countries’ imports of iron or non-alloy steel plates, subject to the GCC
UAE to impost protective customs on steel imports Read More »
Turkey has nearly used up its entire rebar quota, which has been allocated to it for the July-September period. So far, Turkish exporters have shipped about 91% to 69,939 tonnes to the EU as of July 8. As for the wire rod quota, Turkey exported about 83% to 66,399 tonnes. According to the European Commission
EU rebar import quota for turkey almost used up Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.1 million tonnes (Mt) in March 2020, a 6.0% decrease compared to March 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates from national and regional associations, which may be revised with
World crude steel production decreased by 6% in March Read More »
According to the Turkish official Gazette, Turkey raised rebar import tariff from 10% to 30% since January 1st, 2020. The import tariff on the cold-rolled coil (CRC) used by the manufacturer of galvanized and pre-coated steel is currently 10%. Besides, the 2% import tariff on pig iron has also been canceled.
Turkey raises rebar import tariff to 30% Read More »