Vietnam Formosa Ha Tinh Steel Corporation (FHS), one of the largest steelmakers in Vietnam, announced to drop its hot-rolled coil (HRC) price by US$10/ton slightly for April on February 15th….
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Asia
The Aluminum Association commends EU antidumping investigation of chinese extrusions
The Aluminum Association released the following statement by Lauren Wilk, vice president for policy and international trade, in response to the launch of a European Commission antidumping investigation into aluminum extrusions coming…
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Indonesia will ease imports of scrap metal for steel industry
The Indonesian government will ease rules on the import of scrap metal for use as raw material by the country’s steel industry, hoping this will lead to a reduction in…
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Steel companies to pay more for ore as mines get costly
JSW Steel, which has been more aggressive in the auctions than the likes of Tata Steel and Arcelor-Mittal and has bagged four mines, is expected to be better off after…
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Baosteel anticipates negative growth for China automotive sector
China’s Baosteel believes that its previous estimate that the Chinese automotive industry would see positive growth is now unlikely to be realised, official company sources suggest. It now expects to…
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Chinese steel rebounds on stimulus speculation
Chinese steel futures prices rebounded speculatively on Tuesday after Beijing hinted at a more robust reaction to the coronavirus. The dominant factor however remains uncertainty, and prices are likely to…
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India government monitors imports to increase steel consumption in domestic market
The Indian government monitored imports to increase the consumption of domestic steel and to prevent steel imports due to unfair trade by imposing anti-dumping duties on imported steel products. Read…
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Epidemic affects profitability of Hebei steel companies: HBMIA
The Hebei Metallurgical Industry Association (HBMIA) has published a report saying that the Wuhan virus will have an impact on the profitability of local steel companies in Hebei in the first…
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Stainless steel prices may remain strong in future
According to the Wuhan pneumonia situation in China, many of the Chinese stainless steel mills were currently still on the holiday as the government policy. Read more at Stainless steel prices…
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Buy Tata Steel, price target Rs 500: Kunal Bothra
Independent Analyst Kunal Bothra has a buy call on Tata Steel Ltd. with a target price of Rs 500. The current price of Tata Steel Ltd. is Rs 478.4 Time…
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