May 2015

Pakistan steel melters ask for extra duty on billet imports

The Pakistan Steel Melters’ Assn (PSMA) has asked the country’s government to impose extra regulatory duty on billet imports, to protect local production.

Turkish domestic rebar prices soften as Ramadan nears

Turkish domestic rebar prices decreased this week as demand softened ahead of the Islamic holy month of Ramadan, market sources told Steel First on Thursday May 28.

Metal Bulletin Iron Ore Index softens in quiet market

Spot 62% Fe iron ore prices moved downward on Thursday May 28 as trading activity slowed.

Australia revises ruling on interim anti-dumping duty

Australia has revised a provisional anti-dumping duty imposed on imports of hollow structural sections from Thailand following a review.

Turkish billet import prices down on weak demand; domestic, export prices stable

Turkish imported billet prices softened as offers from the CIS region fell in line with weak demand, while domestic and export prices remained flat, sources said on Thursday May 28.

Australia to review anti-dumping duties on HRC imports

The Australian Anti-Dumping Commission has initiated an exemption inquiry on anti-dumping duties currently applied on some hot rolled coil (HRC) imports from Japan, South Korea, Malaysia and Taiwan.

Thailand's auto industry shows signs of recovery

Thailand’s automotive industry is showing signs of a recovery, with total production for the year to April indicating a marginal increase due to stronger sales overseas.

S&P upgrades Erdemir’s credit rating

International credit rating agency Standard & Poor’s has upgraded Turkish steel producer Erdemir Group’s credit rating to BB- from B+, with a stable outlook, Erdemir said on May 27.

CIS pig iron market flat on subdued trading

The CIS export pig iron market has seen limited trading activity since mid-May, while prices have remained broadly flat, sources told Steel First on Thursday May 28.

IRON ORE DERIVATIVES WRAP: Prices inch downward in thin trade

International over-the-counter iron ore prices fell slightly on Thursday May 28, as the seaborne market remained quiet.