May 2019

Vale expects 'no major consequence' from slope slippage at Gongo Soco mine

Brazil-based miner Vale said fragments of the northern slope of the Gongo Soco mine pit slipped early on Friday May 31 but did not have any adverse effects on the nearby Sul Superior dam.

TRADE CASE MONITOR: Around the world's steel markets in May 2019

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in May 2019.

Vietnam re-imposes safeguard measures on Malaysian, Kazakhstani billet

Safeguard measures against billet imported into Vietnam from Malaysia and Kazakhstan will be reinstated from June 13, according to an announcement by Vietnam’s Ministry of Industry and Trade (MIT) on May 29.

Morocco opens safeguard investigation into HRC imports

Morocco's Ministry of Industry, Investment, Trade & Digital Economy has initiated a safeguard investigation into hot-rolled coil imports, the World Trade Organization (WTO) said this week.

ArcelorMittal to revamp blast furnace in Brazil’s Tubarão facility in H2 2019

ArcelorMittal is planning a 70-day stoppage at one of the blast furnaces in its Tubarão facility in Brazil's southeastern Espírito Santo state, the company told Fastmarkets MB on Thursday May 30.

Bartolomeo to remain Vale CEO for two years

Eduardo Bartolomeo will remain Vale’s chief executive officer for the next two years, the Brazilian mining company said on Thursday May 30.

Mexican government starts to unlock Ahmsa's bank accounts

The Mexican government has begun to unblock some of the frozen bank accounts owned by steelmaker Altos Hornos de México (Ahmsa), the company said late on Wednesday May 29.

Tsingshan plans new stainless steel mill in South Korea to circumvent HRC anti-dumping

Chinese stainless-steel producer Tsingshan Holding Group plans to set-up a cold-rolling mill with an annual capacity of 600,000 tonnes per year in Busan, South Korea, and has submitted letters of intent to the city government and potential business partners, Chinese market sources told Fastmarkets.

US Trump administration seeks Supreme Court end to AIIS challenge of Section 232

US President Donald Trump’s administration is seeking an end to the American Institute for International Steel’s (AIIS) challenge of the Section 232 tariffs and quotas on imported steel and aluminium, citing a 1976 high court decision as precedent, according to a brief filed with the US Supreme Court by Solicitor General Noel Francisco this month.

ThyssenKrupp ‘in talks to terminate contract’ of steel division CEO Goss

German steelmaker ThyssenKrupp is in talks with the chief executive officer of its steel division, Andreas Goss, about his future, following news of the likely failure of its planned European flat steel joint venture with Tata Steel Europe.