Long Products

Egypt Imposes 8% Definitive Safeguard Duty On Rebar Imports

The Egyptian ministry of Industry and Trade announced on April 19th the imposition of 8% definitive safeguard duty on rebar and wire rod imports at a minimum of EGP 408 per ton ($53) valid through October 13th, 2017. This comes on the back of a complaint received from local producers ...

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Chinese rebar futures extend gains as steel mills cut output

    Reuters – Chinese rebar futures rose to their highest level in nearly three weeks on Tuesday as tougher environmental checks forced some steel mills to curb production just when demand in the world's top consumer is expected to start picking up. Some steel mills in the northern Chinese ...

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China steel firms turn overseas as domestic woes mount

Reuters – Laden with debt and struggling to make money as the world's No.2 economy loses momentum, China's steel mills do not appear obvious candidates for overseas expansion. But the country's crisis-hit steel sector is calling for strong government backing for plans to ramp up foreign acquisitions, as it looks ...

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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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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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USA exported 925,429 tons in January 2015

  ArabMetal – Falls Church, VA. March 11, 2015. Amidst a steep jump in steel exports to one minor trading partner, and a sharp drop in shipments to another, total steel exports by the United States in January were nearly unchanged from last December. According to American Institute for International ...

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China: New Height of Steel Exports in January 2015

xinlaisteel – After canceling the export tax of boron steel since the beginning of 2015 officially, the amount of China’s steel exports continues high. According to the latest data from customs, China’s steel exports in January, 2015 was 10.29 million tons, an increase of 52.1%. As a result, China’s monthly ...

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Danieli signs deal to build Algerian Qatari steelworks

  PRESS RELEASE – Danieli – 5 March 2015 – In the presence of the Algerian Minister of Industry Mr. Abdussalam Buchuareb, the Governor of the State of Jijel, Mr. Ali Bedrici, the President of Algerian Qatari Steel (AQS), Mr. Hasnaoui Chiboub, and the C.E.O. of the same company, Mr. Abdulla ...

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UAE’s Hamriyah Steel to resume rebar production in May

A one million ton per year Russia-Emirates joint venture established by METALLOINVEST, Hamriyah Steel FZC has announced that it plans to restart production at its rolling mill in May 2015. Upbeat by the surge in local construction activity as a result of EXPO2020, the company has said that the consumption in ...

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