News

  • Turkey adjusts tariffs on some imported flat and long products

    Turkey has adjusted custom tariffs  on 96 types of steel, including some flat and long products,imported from Bahrain, Bangladesh, the United Arab Emirates, Morocco, Iran, Qatar, Kuwait, Malaysia, Pakistan, Saudi Arabia, Oman and Jordan According to a statement published in the Official Gazette o...
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  • US’s HRC imports increase in May

    According to the preliminary Census Bureau data from the US Department of Commerce (USDOC), the US imported around 201,700 tons of hot-rolled flat products in May this year, rising by 11% compared to the previous month while dropping by 4% from the same month a year earlier. Among them, the impor...
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  • European stainless steel market slows down procurement on weak demand

    According to the independent steel industry analyst MEPS, European stainless steel purchasing has slowed down to a level lower than market expectations starting from April this year. Specifically, the demand from end-users has slowed, and distributors’ purchasing has been at a standstill as well....
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  • UK considers lifting AD measures on Ukraine’s HRC

    Based on a request submitted by the Ukrainian government, the UK Trade Remedies Authority (TRA) has started an investigation to consider whether to suspend anti-dumping (AD) measures on Ukraine’s hot-rolled flat and coiled steel after the market has changed due to Russia’s invasion. The suspensio...
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  • Pakistan imposes 10% additional tariff on large industries such as steel

    Pakistan’s prime minister announced an additional 10% tariff on large industries such as oil, fertilizer, steel, sugar, cars, and textiles. The decision was aimed at easing the burden of rising prices caused by high inflation and reviving the collapsing economy. The money collected will be ...
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  • Thailand initiates AD sunset review investigation on hot-rolled steel flat products from China & Malaysia

    On June 20, 2022, Thailand’s Department of Foreign Trade, Ministry of Commerce, announced that it initiated the first anti-dumping (AD) sunset review investigation on flat hot-rolled in coils and not in coils originating in China and Malaysia, following an application submitted by domestic compan...
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  • Mexico issues final ruling of AD sunset review on China’s steel and zamac handles

    On June 15, 2022, the Mexican Secretariat of Economy (SE) issued an announcement that it had a final ruling of anti-dumping (AD) sunset review on steel and zamac handles originating in or imported from China. The AD measure was canceled as no sufficient evidence could approve that the withdrawal ...
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  • Brazil extends AD investigation on cold-rolled stainless steel sheets from Indonesia

    According to a document from Brazil’s Secretariat of Foreign Trade (SECEX), Brazil has decided to extend the investigation of anti-dumping (AD) measures on imports of 304 cold-rolled stainless steel sheets originating in Indonesia by six months from June 2 this year. There is sufficient evi...
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  • Alcoa to invest $51 million in expanding capacity at Mosjøen smelter in Norway

    Alcoa Corp., a leading aluminum producer in the US, announced this Wednesday (June 15) that it will invest US$51 million at its Mosjøen smelter in Norway to increase the annual production capacity by 14,000 tons. The nameplate capacity of the Mosjøen smelter is currently 200,000 tons per year. Wi...
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  • Turkey’s CRC imports slide in Jan-Apr y-o-y on decreased demand

    According to the Turkish Statistical Institute (TUIK), Turkey imported a total of around 218,000 tons of cold-rolled coils (CRC) in the first four months of this year, declining by 12% compared to the corresponding period a year ago, due to weaker demand. Among them, the imports from Russia accou...
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