ArcelorMittal restarts sinter plant in Gijón, Spain
According to reports, ArcelorMittal resumed operations of its iron ore sintering plant in Gijón of north-western Spain on January 7. In the past, due to the impact of the Covid-19 pandemic, the production at ArcelorMittal’s sinter plant A was suspended in April last year. However, due to the gradual recovery of steel demand, ArcelorMittal stated […]
Indian NALCO to invest for expansion & diversification
According to Union Minister for Coal and Mines Pralhad Joshi, Indian National Aluminium Company Limited (NALCO), an Indian state-owned aluminum giant, will invest Rs 30,000 crore in the next 6-7 years for expansion and diversification, which was expected to create a multiplier effect in the production and consumption for the Indian mining industry. The project […]
European steel coil market in 2021
The European steel coil market was set to see higher prices early in 2021, with EU mills sold out until the second quarter and lead times extending as far out as May. Hot-rolled coil, cold-rolled coil and hot-dipped galvanized products have become difficult to acquire, with buyers who once relied primarily on imported material now […]
EU remains Turkey’s main HRC export market despite barriers
Although Turkish steel mills’ overall hot-rolled coil exports in January-November 2020 were 14.5% below last year at 2.71 million mt, due to the EU’s import quotas and anti-dumping and countervailing duty investigations, the EU region remained Turkish mills’ main HRC export destination last year. Despite quotas and safeguard investigations, Italy remained Turkey’s largest HRC export […]
EU imposes provisional AD duties on hot-rolled steels from Turkey
The European Commission (EC) announced that it had imposed a provisional anti-dumping (AD) duty on hot-rolled flat products of iron, non-alloy or other alloy steel from Turkey. The products subject to this punishment are under CN Codes (Combined Nomenclature) 7208.10.00, 7208.25.00, 7208.26.00, 7208.27.00, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.00, 7208.40.00, 7208.52.10, 7208.52.99, 7208.53.00, 7208.54.00, 7211.13.00, 7211.14.00, 7211.19.00, […]
Bulgarian Alcomet puts new rolling mill into operation
Alcomet AD, the only manufacturer of rolled and extruded aluminum products in Bulgaria, said that its upgraded production line for the production of powder-coated aluminum profiles has been put into operation, worth 1.4 million levs. The monthly production capacity of its powder-coated aluminum profiles can reach 600 tons after the upgrade, three times higher than […]
Surprise for imports from the new quotas allocated on 01.01.2021 by E.U. update 07.01.2021
For contingent 098916 which has associated TARIC code 7306610000 the quantity unloaded in European ports until 31.12.2020 exceeds 118000 tons. The quantity for which a quota allocation has been requested is 110564 tonnes, which leads to a 66% exceedance of the allocated quota. Nor for the contingent 098911 with the associated TARIC codes 7306304100, 7306304900, […]
Turkish semi-finished steel product imports soar in Nov 2020
According to the Turkish Statistical Institute (TUIK), Turkey imported approximately 360,000 tons of semi-finished steel products in November 2020, which was significantly higher than 150,000 tons in the same period a year ago and 293,000 tons in the previous month. Among them, Turkey imported about 145,000 tons from Russia and 90,000 tons from Ukraine, all […]
British steel traders & importers have concerns about UK steel quotas
After Brexit, British steel traders and importers faced increased uncertainty about guaranteed quotas from January to March because the UK quota system had not been updated on Monday. Due to technical issues, the UK quota system could not be updated, so even if some product quotas have been exhausted, quota requirements will be accepted. Once […]
European HRC market shows stable now
According to the market from the EU, the trading price of hot-rolled coil (HRC) showed flat currently, and expected to remain the increasing trend in the next few weeks. Among them, the uncertainty factors to the supply still existed in Northern Europe now, and that’s the reason why some of the market participants expected the […]