Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday September 21.
21 September 2018
Ross Yeo
The Global Forum on Steel Excess Capacity has agreed to “further reduce steel production capacity wherever necessary [and] to eliminate subsidies which cause overcapacity,” the European Commission (EC) said on Friday September 21.
21 September 2018
Viral Shah
Finnish stainless steelmaker Outokumpu has lowered its alloy surcharge for October deliveries of grade-304 cold-rolled (CR) stainless steel sheets by €80 ($94) per tonne.
21 September 2018
Viral Shah
Dennis Oates, chief executive officer of US speciality steelmaker Universal Stainless & Alloy Products (USAP), was awarded the 2018 Stainless Steel Executive of the Year award at Metal Bulletin and SMR’s Stainless & Special Steel Conference in Helsinki, Finland, on Thursday September 20.
21 September 2018
Viral Shah
Swiss steelmakers have called for an exemption for Swiss-origin steel imports into the European Union from the EU’s preliminary safeguard measures, citing the "interconnectedness of the steel and steel processing industries of Switzerland and the EU".
21 September 2018
Viral Shah
Global rebar demand will reach record levels in 2018-19, supported by growth in the construction sector, particularly in developed economies and across Asia, according to Celsa Group.
21 September 2018
Vlada Novokreshchenova
The United States Trade Representative (USTR) has branded the Global Forum on Steel Excess Capacity a failure, claiming its efforts have not delivered the production cuts that markets need to stabilize prices.
21 September 2018
INS - Keith Nuthall
Free and fair trade is one of the few good principles that allows resources to flow to their point of best use, helping countries and companies to thrive and prosper, Murat Cebecioglu, chairman of the International Rebar Exporters and Producers Association (Irepas) said this week at the organization's conference in Istanbul, Turkey.
20 September 2018
Cem Turken
Brazilian flat and long steel producer Companhia Siderúrgica Nacional (CSN) has reached an agreement with state environmental authorities to maintain operations at its Volta Redonda steelmaking unit.
20 September 2018
Felipe Peroni
Turkey has imposed an additional 25% duty on steel imports, payable once product-specific quotas have been exceeded.
20 September 2018
Serife Durmus
