December 2014

China axing 'polluting' boron-added steel's export rebate on January 1

China will remove the export tax rebate on those boron-added steel products that “cause pollution during production”, according to a brief notice on the government's website on Wednesday December 31.

2015 OUTLOOK: Middle Eastern economies shaken by oil price plunge

After the dramatic collapse of crude oil prices, steelmakers are worried about the negative impact this may have on the Middle East region’s infrastructure spending and with that on steel demand.

Russian railways raises export tariffs for 2015

Russian Railways (RZD) has introduced a 13.4% premium to all fixed export tariffs, including those for ferrous metal, according to local press reports.

2015 OUTLOOK: Chile's steel industry expects modest growth in 2015

The Chilean steel sector is expected to post a modest increase in activity next year, amid a deceleration of the country’s overall economy and lower investments.

Jindal Stainless board approves restructuring of business

India’s largest stainless steel manufacturer, Jindal Stainless Ltd (JSL), has received board approval to restructure its business, which will result in the listing of its subsidiary, Jindal Stainless (Hisar).

Metinvest’s Mariupol mills to fix raw materials disruptions by end January

Ukrainian steelmaker Metinvest’s two flat steel mills in Mariupol, which are experiencing raw material shortages due to a disruption to the railway connection between the mills and the port, are working to resolve the problem.

African Minerals shares remain suspended as director resigns

Another director has resigned from cash-strapped Sierra Leone iron ore producer African Minerals’ board.

Kardemir announces its Q1 2015 sales plan

Turkish integrated long steel producer Kardemir has announced its sales plan for the first quarter of 2015, according to a note filed with the country’s Public Disclosure Platform (KAP).

Kardemir general manager resigns

Fadil Demirel, the gm of Turkish integrated long steel producer Kardemir, has resigned from its role at the company, according to a note filed with the country’s Public Disclosure Platform (KAP).

Vietnam’s HRC import prices down on lower Chinese offers

Import prices for hot rolled coil (HRC) have moved down in Vietnam over the past week on lower offers from Chinese trading companies, local sources said.