Countries

Iran lifts Steel import duties on Chinese bulk export worries

Scrap Register – Iran has lifted import duties on certain steel products to between 10 and 20 percent, to protect domestic steel makers from Chinese bulk exports.   China has exported a record 94 million ton of steel during last year, an increase of more than 50% from a year ...

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Rusal raises China aluminium exports with Australian government

Reuters – Top global aluminium producer Rusal said it has raised China's swelling aluminium exports with the Australian government, and wants the issue tabled at the next meeting of the world's top customs body. John Hannagan, chairman of Rusal Australia, and a director of the Australian Aluminium Council, said he ...

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Arab DRI production dropped in 2014

ArabMetal – Arab countries produced 17.2 million tons of DRI in 2014, a decline of – 5.41% compared to the production of 18.17 million tons in the year 2013. The biggest decline was: UAE by – 21.66% to 2.41 million tons, Egypt by – 16.03% to 2.882 million tons and ...

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China opens steel sector for foreign investment

TheAustralian – China will end a ban on foreign majority control of its steel companies, a long-touted overhaul widely seen by analysts as coming too late to revive the nation's beleaguered industry.  The country's top economic planning agency, the National Development & Reform Commission (NDRC), said in a statement on Friday ...

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Ukraine steel output down 29% in January-February 2015

Union Metalurgprom said on Thursday 5 March, That the crude steel production in Ukraine, hit by a separatist conflict in the east, fell by 29 percent to 3.46 million tonnes in the first two months of 2015 compared with the same period last year, producers'. Reuters reported. The union gave no reason ...

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Chile environmental regulator suspends operations at copper warehouse

Reuters – A Chilean court has asked port operator Antofagasta Terminal Internacional to suspend operations at one of its copper stockpiling warehouses for 30 days because of health risks from nearby particles, the environmental regulator said on Friday. Suspension of operations at the warehouse is not expected to impact copper ...

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US flat-rolled steel market expecting prices to stabilize soon

  Platts – The precipitous decline in flat-rolled steel pricing in the US over the last four months is starting to show signs of a soft bottom, sources continued to say Friday. Platts maintained its daily hot-rolled and cold-rolled coil prices at $480-$495/st and $610-$630/st, respectively. All prices are normalized ...

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23.5 % increase in Australia’s exports of iron ore in 2014

  ArabMetal – Australian iron ore exports have made a big jump over 2014, and went to the large share of the Chinese market. According to the Australian Bureau of Statistics data,  «Arab metals» obtained a copy of which, the Australian exports rose by 23.54%. The quantity reached 755.07 million ...

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China’s Jan-Feb crude steel output falls 1.5 %

Reuters – China's crude steel output fell 1.5 percent to 130.5 million tonnes for the first two months of 2015, government data showed on Wednesday, as a supply glut and slower demand growth led mills to bring forward scheduled maintenance to curb output. Average daily steel output slipped to 2.212 ...

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India seeks anti-dumping tax on some stainless steel imports

Business-Standard – After months of investigation, the directorate general for anti–dumping & allied duties has recommended the Union ministry of commerce levy an anti–dumping duty on hot rolled flat stainless steel import from China, Malaysia and Korea. It has recommended a levy of $309 a tonne of duty on Chinese ...

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