Urgency in dealing with Section 232 can be found by going beyond trade statistics

When news of the trade war between the U.S. and China in steel broke out in March/April earlier this year, the Malaysian iron and steel industry jumped into alert. Malaysia was, after all, caught by the Section 232 tariffs on steel and aluminium (for harming the local U.S. steel industry), and the first response was … Continue reading Urgency in dealing with Section 232 can be found by going beyond trade statistics

Malaysia initiates anti-dumping probe on Chinese and Vietnamese galvanized steel sheets

27 July 2018. On 24 July 2018, the Ministry of International Trade and Industry ("MITI") launched an anti-dumping investigation into imports of galvanized steel coils and sheets from China and Vietnam. The petition for investigation was filed by FIW Steel Sdn Bhd on behalf of the industry, and pertains to imports classified under 23 HS code … Continue reading Malaysia initiates anti-dumping probe on Chinese and Vietnamese galvanized steel sheets

Fear factor: China steel exporters delay shipments, giving space to rivals

25 July 2018. Tight checks by Chinese customs officials to halt the smuggling of scrap steel to Southeast Asia have forced some exporters to cancel or delay shipments, benefiting rivals like Russia that are prowling for market share amid a raging Sino-U.S. trade war. Among those that have cancelled or delayed cargoes are Chinese exporters that have … Continue reading Fear factor: China steel exporters delay shipments, giving space to rivals

The United States and the European Union are moving to resolve U.S. tariffs on steel and aluminium imports

25 July 2018. The U.S. and the E.U. have agreed to hold off on new tariffs, suggesting that the United States will suspend plans to start taxing European auto imports - a move that would have marked a major escalation in trade tensions between the allies. The news is encouraging, given that recent news have … Continue reading The United States and the European Union are moving to resolve U.S. tariffs on steel and aluminium imports

China’s antidumping probe on stainless steel set to disrupt Asian market

24 July 2018. China has launched an anti-dumping investigation into imports of stainless steel billet and slab, as well as stainless hot-rolled plate and coil produced in the European Union, Japan, South Korea and Indonesia, according to a notice by the country’s Ministry of Commerce on Monday July 23. The period being investigated is the whole of … Continue reading China’s antidumping probe on stainless steel set to disrupt Asian market

With consolidation on the horizon, related policies will need to be personalized in order to be effective

China's rationalization of its steel industry has taken a step further by instituting a personalized approach to output cuts. With environmental regulation still as their spearhead, authorities have elected to drop a "one-size-fits-all" approach—requiring steel producers to cut as much as 50% of existing output, regardless of their size and emission levels—and instead, will regulate … Continue reading With consolidation on the horizon, related policies will need to be personalized in order to be effective

MITI establishes task force to monitor US-China trade conflict and protectionism

18 July 2018. The Ministry of International Trade and Industry ("MITI") has established a task force to assess the developments of the US-China trade conflict and formulate strategies to mitigate the impact of trade protectionism. The ministry said the task force will monitor and coordinate the feedback from various stakeholders against the backdrop of the escalating … Continue reading MITI establishes task force to monitor US-China trade conflict and protectionism

Chinese conglomerate looking to invest in a USD3.5 billion integrated steel plant in Philippines

18 July 2018. Chinese conglomerate Panhua Group signed an agreement with the Philippine Economic Zone Authority to put up a USD3.5 billion integrated steel plant in the Philippines. The proposed steel plant was a modern facility capable of producing 10 different product lines of various applications, complete with a modern port and a 300-hectare industrial park.

Insights into Next-gen Advanced High-Strength Steel for the automotive industry

A recent article suggests that the next generation of advanced high-strength steel ("AHSS") is emerging as the backbone of the automotive industry, due to its comparative advantages over aluminium and carbon fiber in the quest for fuel efficiency. While aluminium is one-third the weight of steel, it costs three times as much to manufacture. Similarly, carbon … Continue reading Insights into Next-gen Advanced High-Strength Steel for the automotive industry

Hiap Teck Venture Berhad’s Eastern Steel resumes operation

17 July 2018. Hiap Teck Venture Berhad announced today that its blast furnace operated under Eastern Steel Sdn Bhd has resumed operations. The news comes after Eastern Steel has ceased operations for nearly three years, since October 2015. Eastern Steel is principally involved in the manufacturing of steel slabs, with a current production capacity of 700,000 … Continue reading Hiap Teck Venture Berhad’s Eastern Steel resumes operation