Countries

India: Steel sector seeks government action on cheap Chinese imports

EconomicTimes – Tata Steel said the Indian steel industry is seeking support from the government to face the challenge posed by import of steel from China and ther countries at much lower prices.  "Indian steel industry is struggling because a lot of cheap imports are coming in, including from China, ...

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A giant increase in Egyptian imports of Turkish steel products in 2014

  ArabMetal – Egyptian imports of Turkish  finished steel products  rose by a large margin amounted to 76.33% in 2014, compared to the previous year. According to the «Arab metals» database, Egyptian imports of Turkish finished steel products were 513,313 tons in 2014 compared to 291,112 tons in the year ...

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Colin Barnett: BHP, Rio Tinto corporate play «dumb»

watoday – West Australian Premier Colin Barnett* says BHP Billiton and Rio Tinto's decision to flood the iron ore market is a "dumb" corporate play. The iron ore price is at a six-year low after falling to around $US55 per tonne overnight. The price of the steel-making commodity has halved ...

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LME and Turkish exchange team up on steel market

  FT – The London Metal Exchange will work with Turkey's Borsa Istanbul to develop products for the steel market, it said on Wednesday. The Turkish exchange will also acquire the LME's stake in clearing house LCH.Clearnet, reports Henry Sanderson, commodities correspondent. The country is aiming to become a financial ...

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U.S. sets preliminary duties on Turkey welded pipe imports, spares S.Korea

Reuters – The United States on Tuesday set preliminary duties on  line pipe from Turkey after finding they are produced using unfair government subsidies, but spared South Korean imports. The U.S. Department of Commerce said anti-subsidy duties on the pipe, used for oil or gas pipelines, would range from 3.76 ...

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Pakistan plans to impose 15% RD on Hot Rolled products imports

  Scrap Register – As per latest media reports, the Federal Board of Revenue (FBR) has endorsed the proposal of Ministry of Industries and Production to impose 15% regulatory duty (RD) on import of Hot Rolled products and pipes and fixed sales tax of PKR 5,600 per metric ton on ...

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Turkish imports of primary aluminum rise from Arab countries

  ArabMetal –  According to «Arab metals» database, Turkish primary aluminum imports from Arab countries rose for the fifth consecutive year, increased by 14.88%. The rate of increase in imports from Qatar 6.92%, UAE 47.54%, Bahrain 6.96% Omani exports fell by – 47.67%, and Saudi Arabia became a key partner ...

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Alcoa to curtail 443 000 t of Suriname refining capacity

MiningWeekly – US-based aluminium and lightweight alloys producer Alcoa plans to curtail 443 000 t of alumina refining capacity at its Suralco plant, in Suriname. The NYSE-listed company, which earlier this month said that a review of its operations to cut costs could impact 14% of its global smelting capacity ...

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Aleris may expand capacity in Europe for aluminum sheet for autos

Reuters – Aleris Corp may expand its capacity for production of aluminum sheet for automobiles in Europe when the economy there recovers, its top executive said, as demand for lightweight materials continues to grow. The company has the "capability" to add a second continuous annealing line at its rolling mill ...

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ArcelorMittal sees no further capacity cuts in Europe

  Reuters – Steelmaker ArcelorMittal said it had no plans to cut capacity further in Europe even though cheap imports are expected to depress prices further this year. "Absolutely not," the head of ArcelorMittal's German operations, Frank Schulz, told Reuters on Monday when asked if further cuts were planned in ...

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