JSW Steel would be considering raising long term funds by way of a qualified institutional placement (QIP) at its board meeting scheduled to be held on May 24, the company…
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Asia
Iron ore hovers near $100/t
Seaborne iron ore prices took a breather on Monday amid quiet trading and holidays. Prices are still hovering around $100/tonne, but with the trade war leaving China’s currency under pressure…
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Chinese stainless steel market supported by rising nickel price
The escalation of the US-China trade war brought negative news for stock market in 2019, but it will rouse China to expand infrastructure investment to stabilize the economic situation, which…
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Ukraine launches AD investigation on hot-rolled seamless steel pipe from China
According to the announcement issued by Ukraine’s Interdepartmental Commission on International Trade (MKMT) on May 14th, 2019, they decided to launch an anti-dumping investigation on hot-rolled seamless steel pipes. Read…
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Japan may appeal against Mexican decision of AD duty on heavy plate imports
The Japan Iron and Steel Federation (JISF) said it might decide to appeal against Mexican determination of anti-dumping duties on heavy plate after Mexico confirmed the anti-dumping duty on heavy…
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Imposing tax rate10.9% for imported steel coil and steel wire rod
Ministry of Industry and Trade has officially issued Decision No. 1230 on the application of safeguard measures for steel wire rod and steel coil imported into Vietnam. Read more at IMPOSING…
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Tsingtuo Group extends stainless production range
Stainless bar producer, Tsingtuo Group, part of China’s Tsingshan Holdings Group, is going to install tube rolling equipment to manufacture seamless stainless steel pipe blanks. Read more at Tsingtuo Group extends…
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Primetals Technologies receives first SRD segment slab caster order in China from Angang Iron & Steel
Chinese steel producer Angang Iron & Steel Group Co. (Angang) has placed an order with Primetals Technologies to modernize a continuous slab caster at its Anshan plant. The modernized caster…
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Vietnam hikes import duty on wire rod
Vietnam has imposed an additional import duty of 10.9% on wire rod imports from many origins. It is a duty imposed to prevent the circumvention of existing safeguard measures on…
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Chinese steel exports steady, imports recover
Chinese steel export volumes in April were little changed month-on-month or year-on-year. That leaves year-to-year growth in export volumes continuing to shrink as predicted, Kallanish notes. Read more at Chinese steel…
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