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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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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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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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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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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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Turkey: Steel mills increase rebar export offers backed by slight increase in scrap prices

Platts – Turkish steel mills have increased their rebar offer pricing based on a slight increase in ferrous scrap, sources said Wednesday. No deals have been seen at the new price level and sources were skeptical that any would be achieved. A Turkish trader said offers from mills for export ...

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Turkey: Prepainted steel sheet exports decline in 2014

According to the Turkish Statistical Institute, Turkey’s exports pf pre-painted steel sheet were around 170,847 tons in 2014, down by 15.5% from a year ago. Also, the total export sales were around USD172.65 million, decreasing by 20% year-on-year. Turkey’s pre-painted steel exports were 202,109 tons in 2013.

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Russian tin ingot prices go down

The LME tin cash settlement price fell by USD180/t to USD17,920/t last Friday 27 February, and Russian traders followed the trend and lower their offers for tin ingot, Insiders stated. A Russian trader with a sales volume of 20t of tin ingot per month claimed that they had less than ...

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MMK increases steel shipments to shipbuilders

  MMK – OJSC Magnitogorsk Iron and Steel Works (“MMK” or “the Company”) supplied 78 ths tonnes of metal products to shipbuilders in 2014, which represents a 37.2% growth y-o-y. MMK has a successful and long-standing track record with the shipbuilding industry. The Company supplies up to half of all ...

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