September 2019

Turkish flat steel exports up by 7.11% year on year in August

Turkey exported 381,915 tonnes of flat steel products in August 2019, according to the Turkish Statistical Institute (TUIK), up by 7.11% year on year from the 356,568 tonnes exported in August 2018.

PEOPLE MOVES: Thyssenkrupp names new CEO

German steelmaker Thyssenkrupp named Martina Merz as its new chief executive officer as of October 1, replacing Guido Kerkhoff, the supervisory board confirmed on Monday September 30.

EC adjusts safeguard measures on steel product imports

The European Commission (EC) has made a number of changes to its existing regime of safeguard measures concerning 26 steel product categories, it said on September 26.

Aluminium, steel industries welcome proposal for EU trade enforcement officer

The appointment of a European chief trade enforcement officer should ease trade problems in the steel and aluminium sectors and help tackle Chinese excess capacity, industry experts told a meeting of the European Parliament Committee on International Trade (INTA) in Brussels.

Malaysia imposes provisional AD duties on Turkish, Singaporean rebar

Malaysia has imposed provisional anti-dumping duties on imports of steel rebar produced in Turkey and Singapore, the country’s Ministry of International Trade & Industry (MITI) said earlier this week.

Global crude steel production up 3% in August

Global crude steel production totaled 156.04 million tonnes in August, up 3.4% from a year earlier, according to data released by the World Steel Association (Worldsteel) on Thursday September 26.

Vale reduces iron ore pellet output guidance to 43mln tonnes in 2019

Current seaborne market conditions have prompted Vale to cut its iron ore pellet production guidance for 2019 to 43 million tonnes from 45 million tonnes previously, the Brazilian mining company said on Thursday September 26.

Mexico to gradually eliminate safeguard duty on steel imports

The Mexican government has announced a plan to gradually eliminate an existing safeguard duty of 15% on several steel products.

IREPAS DUSSELDORF: EAF-based producers benefit from lower scrap costs

The long-lasting downtrend in the international scrap market, which has pushed prices to three-year lows this month, has led to the point where steelmakers which use electric-arc furnaces (EAFs) have a significant advantage over those equipped with blast furnaces (BFs), which use iron ore as a feed.

Brazilian steel distributors' sales down 6.4% in August

Flat-rolled steel sales volumes reported by Brazilian distributors totaled 280,000 tonnes in August 2019, falling by 6.4% from 299,200 tonnes in the corresponding month a year before, distributors’ association Inda said on Tuesday September 24.