News
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The United States and the United Kingdom reached an agreement to eliminate the use of steel for British Steel and aluminum products
Anne Marie trevillian, British Secretary of state for international trade, announced on social media on March 22 local time that the United States and Britain have reached an agreement on canceling high tariffs on British steel, aluminum and other products. At the same time, the UK will also simu...Read more -
Rio Tinto sets up technology and innovation center in China
Recently, Rio Tinto Group announced the establishment of Rio Tinto China technology and innovation center in Beijing, with a view to deeply integrating China’s leading scientific and technological R & D achievements with Rio Tinto’s professional capabilities and jointly seeking te...Read more -
American steel company announced that it will expand the capacity of Gary ironmaking plant
Recently, the United States Steel Corporation announced that it would spend $60 million to expand the capacity of the Gary ironmaking plant in Indiana. The reconstruction project will start in the first half of 2022 and is expected to be put into operation in 2023. It is reported that through equ...Read more -
The G7 held a special meeting of energy ministers to discuss the diversity of energy needs
Finance Associated Press, March 11 – the energy ministers of the group of seven held a special teleconference to discuss energy issues. Japanese Minister of economy and industry Guangyi Morida said that the meeting discussed the situation in Ukraine. The energy ministers of the group of sev...Read more -
The United States announced a ban on the import of Russian oil, gas and coal
US President Joe Biden signed an executive order at the White House on the 8th, announcing that the United States banned the import of Russian oil, liquefied natural gas and coal due to Ukraine. The executive order also stipulates that American individuals and entities are prohibited from making ...Read more -
Canada made the first double reverse sunset review final decision on China related welded large-diameter carbon alloy steel pipe
On February 24, 2022, the Canadian Border Service Agency (CBSA) made the final decision of the first anti-dumping sunset review on the welded large diameter carbon and alloy steel linepipe originating from or imported from China and Japan, The first countervailing sunset review was made on the we...Read more -
Us and Japan reach new steel tariff agreement
According to foreign media, the United States and Japan have reached an agreement to cancel some additional tariffs on steel imports. It is reported that the agreement will come into force on April 1. According to the agreement, the United States will stop levying 25% additional tariffs on a ...Read more -
Global crude steel production fell 6.1% year-on-year in January
Recently, the world iron and Steel Association (WSA) released the global crude steel production data in January 2022. In January, the crude steel output of 64 countries and regions included in the statistics of the world steel association was 155 million tons, a year-on-year decrease of 6.1%. In ...Read more -
Indonesia suspends mine operations of more than 1,000 miners
According to foreign media reports, a document released by the Minerals and Coal Bureau under the Indonesian Ministry of Mines shows that Indonesia has suspended the operation of more than 1,000 miners’ mines (tin mines, etc.) due to the failure to submit a work plan for 2022. Sony Heru Prasetyo,...Read more -
Pakistan initiates the first anti-dumping sunset review investigation on China’s galvanized coils
On February 8, 2022, the National Tariff Commission of Pakistan issued the latest announcement of Case No. 37/2015, in response to the application submitted by Pakistani domestic producers International Steels Limited and Aisha Steel Mills Limited on December 15, 2021, for originating in Or the G...Read more -
India makes final ruling on anti-subsidy mid-term review on China-related welded stainless steel pipes
On February 9, 2022, the Ministry of Commerce and Industry of India issued an announcement stating that a final anti-subsidy mid-term review was made against Welded Stainless Steel Pipes and Tubes originating in or imported from China and Vietnam, ruling that the ASME-BPE standard was not accepta...Read more -
World Steel Association: Global crude steel production in 2021 will be 1.9505 billion tons, a year-on-year increase of 3.7%
Global crude steel production in December 2021 In December 2021, the crude steel output of the 64 countries included in the statistics of the World Steel Association was 158.7 million tons, a year-on-year decrease of 3.0%. The top ten countries in crude steel production In December 2021, China...Read more -
9Ni steel plate for Hyundai Steel’s LNG storage tank passed KOGAS certification
On December 31, 2021, the ultra-low temperature steel 9Ni steel plate for LNG (liquefied natural gas) storage tanks produced by Hyundai Steel passed the quality inspection certification of KOGAS (Korea Natural Gas Corporation). The thickness of the 9Ni steel plate is 6 mm to 45 mm, and the maximu...Read more -
9Ni steel plate for Hyundai Steel’s LNG storage tank passed KOGAS certification
On December 31, 2021, the ultra-low temperature steel 9Ni steel plate for LNG (liquefied natural gas) storage tanks produced by Hyundai Steel passed the quality inspection certification of KOGAS (Korea Natural Gas Corporation). The thickness of the 9Ni steel plate is 6 mm to 45 mm, and the maximu...Read more -
Rigid demand for coke picks up, spot market welcomes continuous rise
From January 4th to 7th, 2022, the overall performance of coal-related futures varieties is relatively strong. Among them, the weekly price of the main thermal coal ZC2205 contract increased by 6.29%, the coking coal J2205 contract increased by 8.7%, and the coking coal JM2205 contract increased ...Read more -
Vallourec’s Brazilian iron ore project ordered to suspend operations due to dam slide
On January 9, Vallourec, a French steel pipe company, said that the tailings dam of its Pau Branco iron ore project in the Brazilian state of Minas Gerais overflowed and cut off the connection between Rio de Janeiro and Brazil. Traffic on the main highway BR-040 in Belo Horizonte, Brazil’s ...Read more -
India terminates anti-dumping measures against China-related color-coated sheets
On January 13, 2022, the Revenue Department of the Ministry of Finance of India issued a notification No. 02/2022-Customs (ADD), stating that it would terminate the application of Color Coated/Prepainted Flat Products Alloy Non- Alloy Steel)’s current anti-dumping measures. On June 29, 2016...Read more -
U.S. steelmakers spend heavily to process scrap to meet market demand
According to foreign media reports, US steelmakers Nucor, Cleveland Cliffs and BlueScope Steel Group’s North Star steel plant in the United States will invest more than $1 billion in scrap processing in 2021 to meet the growing domestic market demand in the United States. It is reported that U.S....Read more -
This year, the supply and demand of coal coke will change from tight to loose, and the price focus may move down
Looking back on 2021, coal-related varieties – thermal coal, coking coal, and coke futures prices have experienced a rare collective surge and decline, which has become the focus of the commodity market. Among them, in the first half of 2021, the price of coke futures fluctuated in a broad ...Read more -
The “14th Five-Year Plan” raw material industry development route is clear
On December 29, the Ministry of Industry and Information Technology, the Ministry of Science and Technology and the Ministry of Natural Resources released the “14th Five-Year Plan” (hereinafter referred to as the “Plan”) for the development of raw materials industry, focus...Read more -
India terminates anti-dumping measures against China-related iron, non-alloy steel or other alloy steel cold-rolled plates
On January 5, 2022, the Indian Ministry of Commerce and Industry issued an announcement stating that the Taxation Bureau of the Ministry of Finance of India did not accept the Ministry of Commerce and Industry on September 14, 2021 for iron and non-alloy steel originating in or imported from Chin...Read more
