July 2019

US revises countervailing duties on imports of Turkish rebar

The United States Department of Commerce has revised the final dumping and subsidy margins, and cash deposit rates, to be imposed on imports of rebar from Turkey.

China imposes anti-dumping duties on stainless steel imports

China is imposing anti-dumping duties on imports of stainless steel billet, slab, hot-rolled plate and coil produced in the European Union, Japan, South Korea and Indonesia, the country’s Ministry of Commerce said on Monday July 22.

China's Shagang keeps long steel prices unchanged for late July

Eastern China steelmaker Shagang has rolled over the list prices for its rebar and wire rod booked and shipped in late July.

Brazil applies anti-dumping duties on electrical steel from Germany

The Brazilian government has imposed a definitive anti-dumping duty on imports of non-grain-oriented (NGO) electrical steel products from Germany, it announced in its official gazette on Friday July 19.

Russia’s IMH’s increases output at Tula Steel, cuts merchant pig iron volumes

Russian group Industrial Metallurgical Holding (IMH) is increasing the steel output from its new Tula Steel subsidiary, which is reducing the volumes available from merchant pig iron-making asset Tulachermet, Fastmarkets learnt during the week ended Friday July 19.

Eurofer forecasts challenging 2019 for European steel sector

European apparent steel consumption will decrease by 0.4% year-on-year over the full 12 months of 2019, according to a forecast by European steel association Eurofer published on Thursday July 18.

Anglo American's 2019 iron ore output guidance up for Minas Rio, down for Kumba [CORRECTED]

Anglo American has raised its full 2019 production guidance for its Minas Rio operations in Brazil, but has cut its output estimate for the Kumba operations in South Africa.

Vietnam's Formosa Ha Tinh raises HRC offers despite spot market weakness

Major Vietnamese integrated steel producer Formosa Ha Tinh Steel Corp is raising its offers for hot-rolled coil by $25 per tonne despite spot prices in Vietnam showing signs of weakening.

WTO ruling leaves US open to sanctions from China

The United States could be hit with sanctions from China if countervailing duties targeting 22 Chinese goods are not recalculated after the World Trade Organization appellate body determined on Tuesday July 16 that the US violated WTO rulings with those duties.

Russia’s NLMK to increase slab capacities in 2019

Russia’s largest steelmaker, Novolipetsk Steel (NLMK), will increase the capacity for steel slabs at its Lipetsk facility in western Russia, the company said on Wednesday July 17.