Trade

China: aluminum production rises and exports jump

Bloomberg – China’s aluminum product output rose to a record, adding further pressure on global prices as the world’s largest supplier continued to raise production. The country’s aluminum product output in the first two months of the year rose almost 21 percent from the same period last year to 6.9 ...

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Australia could face anticompetition probe over iron-ore

  US-based mining company Cliffs Natural Resources on Wednesday blamed Australia for a dramatic fall in ore prices and warned that its central bank may one day be called to explain anti-competitive practices. Lourenco Goncalves, president of Cliffs Natural Resources Inc, said his company was quitting the Australian iron ore ...

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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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EU set to impose duties on Chinese, Taiwan stainless steel

  Reuters – The European Union will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan, according to two sources familiar with a European Commission proposal. The Commission plans to set tariffs of about 25 percent for imports from China and of ...

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China manganese ore import prices edge lower as demand stays weak

Platts – Prices for manganese ore delivered to China have edged down further this week on the back of prevailing weak demand, as Chinese consumers continued to shy away in anticipation of lower levels. Platts assessed its weekly 44% manganese ore price at $3.45/dmtu from $3.50/dmtu CIF Tianjin a week ...

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Iron-ore at record low on China mill closures

REUTERS – iron-ore hit a record low below $60/t on Friday and posted its biggest weekly fall since mid November as China’s anti-pollution battle threatens to shut more steel mills, cutting demand. The closure of steel mills in an industrial city in eastern China, which sparked fears of a wider ...

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Venezuelan export hot-briquetted iron (HBI) prices slump on scarce interest

Platts – Venezuelan hot-briquetted iron export prices have fallen sharply as buyers continue to be scarce in the global market, sources said Friday. One source at Briquetera del Caroni’s (BriqCar) said he sold around 20,000 mt of HBI in late February to a European buyer at $190/mt FOB, but its ...

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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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India : Govt hikes import duty on steel to protect domestic firms

Business Standard – To protect homegrown companies from rising steel imports, government today increased the basic customs duty on the metal to 15 per cent. The government also cut the special additional duty on metal scrap from 4 per cent to 2 per cent in the Budget for 2015-16. “Tariff ...

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