May 2018

EUROPE SECTIONS: Prices down again on reduced market activity

Domestic prices for hollow steel sections edged downward slightly across Europe this week because public holidays reduced trading activity, market sources told Metal Bulletin on Wednesday May 2.

ASIAN MORNING BRIEF 02/05: LME base metals hit by stronger dollar; spot zinc TCs steady; Chinese FeV exporters raise offer prices

The latest news and price moves to start the Asian day on Wednesday May 2.

US Customs makes S. Korea 232 quota retroactive to January 1

The Section 232 annual quota on steel imports from South Korea will be tallied retroactively to January 1, according to a document issued Tuesday May 1 by US Customs and Border Protection.

Conares Steel’s new pipe mill starts production

The 250,000 tonnes per year pipe mill of United Arab Emirates-based Conares Steel started production on Sunday April 29, the company’s chief executive officer Bharat Bhatia told Metal Bulletin on Monday April 30.

Further exemption from Section 232 only prolongs uncertainty in Europe, EC and Eurofer say

The United States decision to extend Europe's exemption from Section 232 tariffs until June 1 only serves to prolong the uncertainty, the European Commission (EC) and European steel association, Eurofer, said on Tuesday May 1.

Trump administration extends steel, aluminium import tax exemption for Canada, Mexico and EU until June 1

The United States has postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico, until June 1.

STEEL TRADE CASE MONITOR: Around the world in April 2018

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in April 2018.