Brazil was a net importer of finished steel products in August In August, Brazil exported 101,800 mt of finished steel products with revenues of $84.5 million, while importing 384,600 mt at $281.700 million. This compares to exports of 171,100 mt at $139.4 millio...
Oct. 1 dockworker strike to affect containerized imports, finished steel products, steel experts say The fast approaching Oct. 1 dockworker strike by members of the International Longshoreman's Association (ILA) at US East Coast and Gulf Coast port facilities is expected to have its most profound imp...
China’s large industrial enterprises increased their profits by 0.5% y/y in January-August In August, this indicator decreased by 17.8% year-on-year The total profit of large industrial companies in China in January-August this year increased by 0.5% year-on-year to 4.653 trillion yuan ($66...
Tata Steel Nederland cuts costs amid worsening market conditions The company does not expect the steel market to recover after the summer Tata Steel Nederland, the Dutch arm of global steel company Tata Steel, is cutting costs to cope with the current deterioration...
Mexico has completed a review of anti-dumping duties on pipe imports from four countries The term of validity of customs duties on products from South Korea, Spain, India and Ukraine has been extended for 5 years The Ministry of Economy of Mexico completed the review of anti-dumping dutie...
Indian steelmakers are calling for higher tariffs due to rising imports from China The industry association notes that there is a risk of increased steel imports in the coming months Indian steelmakers have called on the government to double tariffs on steel imports to stem a surge ...
France increased steel production by 50% m/m in August In January-August, French steelmakers increased steel output by 8.4% y/y In August 2024, steel enterprises of France increased steel production by 50% compared to the previous month – to 1.12 million ...
Jindal India invests $179 million in capacity expansion The new production lines are expected to be fully operational by FY2025/2026 Jindal India, a producer of value-added steel products, is investing about $179 million to increase production capacity by ...
Japan seeks to improve protective measures against Chinese steel The profile ministry will propose expanding the scope of anti-dumping duties The Ministry of Economy, Trade and Industry of Japan is seeking to expand the scope of anti-dumping duties to cover Chinese...
Three countries may exhaust their export quota for hot-rolled coils to the EU in October In July, 39,000 tons of Japanese HRC were withdrawn from customs clearance Japan, Vietnam and Taiwan are likely to exhaust their quotas for duty-free supplies of 141,85 thousand tons of hot-rolled coi...
The US reduced rolled steel imports by 9.4% m/m in August Total steel imports for the month fell by 2.2% m/m In August 2024, US steelmakers reduced imports of rolled steel products by 9.4% compared to July this year, to 1.83 million tons. This is evidenced ...
OECD forecasts global GDP growth of 3.2% in 2024-2025 Last year, according to the organization, this indicator was 3.1% The Organization for Economic Cooperation and Development (OECD) forecasts global GDP growth of 3.2% y/y in 2024 and 2025 due to stead...
