Category Archives: Newnews

China’s CRC export prices stable despite Vietnam anti-dumping probe

Chinese cold-rolled coil export prices remained unchanged over the past week despite an anti-dumping investigation being instigated in Vietnam. Vietnam’s Ministry of Industry & Trade launched the probe after requests from several Vietnamese producers. The investigation encompasses non-alloy cold-rolled steel sheet and coil in widths of less than 1,600mm and in thicknesses of 0.108-2.550mm. “Although Vietnam has excess capacity in CRC, Chinese imports remain…

Vietnam Starts AD Probe on CR steel imports from China

Vietnam’s Ministry of Industry and Trade will investigate alleged dumping of cold rolled carbon steel with a width of less than 1600 mm and a thickness of 0.108 mm, 2.55 mm imported from China. The investigation was initiated after requests by domestic producers including Phu Mu Flat Steel Company Limited VNSTEEL, POSCO Vietnam Co., Ltd.…

WEEKLY BASE METAL PREMIUMS REPORT: 10/09

A summary of base metals premiums from across the globe for the week to Tuesday September 10. Please click… Source of information

Steel Import Monitoring may Hit Engineering Exports – EEPC India

UNI reported that in a letter to the Commerce Minister, EEPC India chairman Mr Ravi Sehgal said that in the name of monitoring, the latest restrictions on import of steel products, critical raw material for the engineering industry’, would further add to the input cost of exporters battling deceleration in shipments. DGFT notification of September…

As home demand for steel dulls, firms turn to exports to liquidate inventory

Growth in steel demand slumped to 1.7% in August, the slowest expansion in at least a year, shows provisional data from the Joint Plant Committee, compiled by SBICAP Securities Ltd. In the 12 months, demand rose in the range of 4-13%. The deceleration reflects the dual impact of the seasonal slowdown in construction due to…

LIVE FUTURES REPORT 10/09: LME aluminium, copper prices buoyed by strong trading volumes

The three-month aluminium and copper prices on the London Metals Exchange defied a stronger dollar index to trade significant volumes by the end of the day’s trading on Tuesday September 10. “Flow [of trading] this past week has been systematic short-covering and trading volumes are coming back under pressure suggesting prices will struggle to move…

Huta Czestochowa Workers Picket outside Courthouse

Embittered by the court’s decision, employees of the failing Huta Czestochowa do not give up. On Monday from the morning they gathered under the building of the Czestochowa court, where they are asking for help for the employer “We want to work – stop debating.” They are embittered by the decision the court made last…

Iron ore rebounds as China stimulus hopes lift steel futures

enchmark iron ore prices erased early losses on Monday, tracking a rally in steel futures, driven by China’s move to boost liquidity to shore up its slowing economy and hopes for more stimulus. The most-traded iron ore on the Dalian Commodity Exchange , for delivery in January 2020, ended up 1.8% at 655.50 yuan ($91.90)…