Trade

JAA: Japan aluminium product demand seen rising 1.8 pct in 15/16

  Reuters – Japan’s aluminium product demand, including for exports, is expected to grow 1.8 percent in the financial year starting April 1, backed by rising demand for cans for coffee beverages and a rebound in construction market, an industry body said. “Japanese economy is improving thanks to ‘Abenomics’ while ...

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China’s iron ore stocks dwindle as price fall scares off buyers

Reuters – Stocks of imported iron ore at ports in China, the world's biggest consumer, have stuck at or below the 100 million tonne mark since the start of the year. They look set to fall further as a protracted price slump drives away buyers. Inventories of the steelmaking raw ...

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EUROFER welcomes EU anti-dumping measures against imports of SSCR from China and Taiwan

  EUROFER – The European Commission has imposed provisional anti-dumping duties of up to 25,2 % on stainless steel cold rolled flat products (SSCR) imports from PR China and up to 12,0 % on imports from Taiwan, following the complaint which was filed by EUROFER in May 2014.The Commission’s investigations ...

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Citigroup: Iron Ore Will Breach $50 on China Demand

  Bloomberg – Iron ore will slump below $50 a metric ton as steel demand in China, the world’s largest producer of the alloy, remains fundamentally weak and mining companies’ costs extend declines, according to Citigroup Inc. Chinese steel demand shrank in January and February from a year earlier, the ...

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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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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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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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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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