European Court of Justice rules AD duty on China’s seamless pipe is invalid
The Court of Justice of the European Union just made a judgment on February 5 as ruling that Council Regulation’s imposition of a definitive anti-dumping (AD) duty on imports of certain seamless pipes and tubes of iron or steel from China is invalid since it could not find the actual damage or threat to the […]
ArcelorMittal Gent’s blast furnace restarts by end-Feb
ArcelorMittal Gent, Belgium had planned to restart blast furnace B by the end of this month. The furnace with the capacity of 2.3 million tons annually had been set aside in September last year for relining and was planned to be restarted by mid-Feb. Due to extreme weather conditions’ wide impact in northern Europe, the […]
Turkey’s stainless steel imports increase dramatically in 2020
According to the official statistic from Turkey, the total imports of stainless steel in Turkey last whole year showed around 605,000 tons, increased by nearly 12% year on year. Among them, the main supplier was China, with around 164,000 tons, followed by South Korea (161,000 tons), Spain (45,000 tons), and Indonesia (41,000 tons).
Vietnam’s total exports of steel show strong increase in Jan 2021
According to the official statistic from Vietnam’s customs, the total exports of steel from Vietnam this January were around 967,900 tons, increased by 2.7% month on month, and almost 99% year on year. Among them, the main destinations were China (203,200 tons), Cambodia (128,800 tons), and the Philippines (69,000 tons).
India to resume trade negotiations with EU
According to the report, the Indian government official explained that the government began to negotiate the Broad-Based Trade and Investment Agreement (BTIA) with the European Union (EU), which focused on the temporary agreement before signing the final long-term agreement. Recently, The Indian Minister of Commercial and the EU trade administrator have been initiated the first […]
Assofermet asks EC to soften trade, safeguard measures to prevent market distortion
The association has specifically asked not to prolong existing safeguard measures into steel imports beyond their expiration on June 30 this year, it said on Wednesday February 17. Assofermet said the European market must be open to imports to encourage free competition and avoid excessive market concentration. It also claimed the European steel sector has […]
EUROFER expects EU construction output to recover by 4.3% in 2021
According to the Economic & Steel Market Outlook 2021-2022 issued by the European Steel Association (EUROFER), even though the EU’s construction industry output fell by 4.1% year on year, output figures rebounded every quarter as the worst impact of the Covid-19 epidemic had passed. In the third quarter of 2020, economic activity across the EU […]
ArcelorMittal to increase steel production at Sestao steel plant in Spain
The Spanish subsidiary of ArcelorMittal said that the market demand is gradually recovering and ArcelorMittal expected to increase its steel production by approximately 70,000 tons per month at its Spanish Sestao steel plant in the second quarter. ArcelorMittal Sestao’s electric arc furnace was restarted in September 2020. The operation was suspended in April 2020 due […]
Ordonanta de urgenta pentru eliminarea anexei II din categoria jurisdicţiilor necooperante nedeductibile
Modificarea asteptata …mai asteapta. A fost propusa prin ordonanta de urgenta eliminarea anexei II din categoria nedeductibililor. Data finala a consultarilor este 06.03.2021 si speram ca va fi publicata imediat dupa aceea. Extras din ordonanta: Ordonanță de urgență pentru modificarea și completarea Legii nr. 227/2015 privind Codul fiscal și a Legii contabilității nr. 82/1991 […]
Evraz to increase steel billet capacity for railway wheel production
Russian steelmaker Evraz has signed a contract with Italian equipment producer Danieli to supply equipment for expansion of the continuous casting machine (CCM) No 1 at its Nizhniy Tagil mill. Modernization will increase capacity at the CCM to 1.08 million tonnes from 700,000 tonnes previously, according to the company. The CCM makes billet for the […]