March 2019

SECTION 232: A year full of legal challenges

The implementation of tariffs and quotas against US steel and aluminium imports has been heralded and criticized as an unusual trade remedy, with President Donald Trump's administration applying blanket duties rather than more focused - and more typical - anti-dumping and countervailing margins.

SECTION 232: One year later, hits and misses

As of March 23, it has been a full year since US President Donald Trump’s administration imposed tariffs against imported steel and aluminium under Section 232 of the Trade Expansion Act of 1962, which allows the president to place restrictions on imports on national security grounds.

Brazilian steel use up in February but still down year on year, Aço Brasil says

Brazilian apparent steel consumption recovered in February 2019, but figures were still down year-on-year in the first two months of the year, national steel association Instituto Aço Brasil said on Thursday March 21.

China’s anti-dumping deposit for stainless steel imports unlikely to shake market

China’s importers of stainless steel billet and slab, as well as stainless hot-rolled plate and coil originating from the European Union, Japan, South Korea and Indonesia have been instructed to pay a deposit to the country’s customs authorities from Saturday March 23 onward.

Vale warns of another 10mln-tpy disruption due to Alegria mining halt

Brazil’s Vale has issued a warning over another potential iron ore production impact of as much as 10 million tonnes per year due to the suspension of operations at its Alegria mine in Minas Gerais state.

China’s Shagang raises long steel prices for late March

Eastern China’s Shagang has raised the prices for its long steel products that are booked and shipped in late March.

Argentina's crude steel output down 24% in February

Crude steel production in Argentina fell by 23.75% year-on-year in February, according to figures released by national steel association Acero Argentino on Wednesday March 20.

Indian steelmakers seeking ban on Iran-origin steel imports

Indian steelmakers represented by the Indian Steel Association (ISA) have urged the country’s government to take immediate action to ban imports of steel products that originate in Iran, Fastmarkets has heard.

Turkish president announces official start date for Erdemir's newest HDG line

Turkish steelmaker Erdemir’s second hot dipped galvanizing (HDG) line will start commercial production in April, Turkish president Recep Tayyip Erdogan announced this week.

Turkish crude steel output down 16% in January-February

Turkey produced 5.203 million tonnes of crude steel in January-February 2019, a 16.07% decrease compared with 6.199 million tonnes produced in the first two months of 2018, according to the Turkish Steel Producers Association (TÇÜD).