August 2019

IN CASE YOU MISSED IT: 5 key stories from August 28

Here are five Fastmarkets MB stories you might have missed on Wednesday August 28 that are worth another look.

US extends dumping duties on light-wall pipe from four nations

The US Department of Commerce has decided to uphold anti-dumping duties on imports of light-walled rectangular pipe and tube from China, Mexico, South Korea and Turkey following an expedited second sunset review.

Global crude steel production up 1.7% in July

Global crude steel production came to a total of 156.7 million tonnes in July 2019, up by 1.7% from 154.01 million tonnes in the corresponding month a year ago, according to data released by the World Steel Association (Worldsteel) on Tuesday August 27.

CAPACITY WATCH: Vietnam's Hoa Phat starts up converter at Dung Quat steel complex

Vietnam's Hoa Phat Group has started up a converter at its new steel complex in the Dung Quat Economic Zone, some 700km south of capital city Hanoi.

FOCUS: Five key currency pairs to watch when trading steel, scrap in 2019

Currency exchange rates can make or break a steel trade, and with forex volatility in emerging markets expected to continue for the rest of the year, the Asian ferrous markets are likely to see more price fluctuations before the end of 2019.

Turkish January-July crude steel output down by more than 10%

Turkey produced 19.919 million tonnes of crude steel in January-July 2019, down from 22.184 million tonnes in the corresponding period of last year, the Turkish Steel Producers Association (TÇÜD) said last week.

Ferrous markets at risk of US-China power struggle

The protracted economic battle between the United States and China will rewrite the rules of global trading and will not be resolved anytime soon, steel market sources in Asia told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from August 23

Here are another five Fastmarkets MB stories you might have missed on Friday August 23 that are worth another look.

ArcelorMittal Brasil nears galvanizing capacity expansion approval, CEO says

ArcelorMittal Brasil could slightly delay the galvanizing capacity expansion at its Vega do Sul unit as it awaits final approval from the group’s board of directors, regional chief executive officer Benjamin Baptista told Fastmarkets on Wednesday August 21.

China relaunches 25% tariff on US automobiles, auto parts

The Chinese government has revived a 25% tariff on imports of US automobiles and a 5% tariff on auto parts, set to take effect on December 15, which some market participants worry could imperil future investments as well as steel and base metals demand.