Knowledge Base

Canada leaning closer towards safeguards to deter surge of deflected steel products

Source: Financial Post Date: 14 August 2018 Canada eyes unprecedented safeguard tariffs on steel imports Finance Minister Bill Morneau is launching formal consultations on whether to impose unprecedented trade measures to block a surge of steel imports diverted into Canada because of U.S. tariffs. Morneau, who said an import surge has already been detected, announced … Continue reading Canada leaning closer towards safeguards to deter surge of deflected steel products

SST waiver for steel and other construction materials a plus for the Malaysian iron and steel industry

Source: The Edge MY Date: 14 August 2018 Breather for steel, construction sectors from SST waiver Experts say the waiver of the sales and services tax (SST) on construction services and some building materials will bring some relief to the construction and steel sectors, and possibly ease the pressure of prices on residential, industrial and … Continue reading SST waiver for steel and other construction materials a plus for the Malaysian iron and steel industry

Chinese steelmakers are adapting well to environmental regulations as steel production continues unabated

Source: Reuters Date: 14 August 2018 China steel mills shrug off anti-smog measures, push output to fourth straight record China’s steel output rose in July to a fourth straight monthly record as mills ran full tilt to cash in on strong profit margins, despite anti-smog measures imposed by local governments. Mills in China, the world’s … Continue reading Chinese steelmakers are adapting well to environmental regulations as steel production continues unabated

Monitor Turkish steel: doubling of U.S. tariffs and plunging lira equals cheap steel for the rest of the world

Source: Bloomberg Markets Date: 10 August 2018 Trump's Turkey Steel War Is Set to Change Trade Flows President Donald Trump’s latest broadside against Turkish steel is a fresh blow to one of the country’s most important industries and will reshape global trade flows. Under a higher level of tariffs, Turkey will continue to lose American … Continue reading Monitor Turkish steel: doubling of U.S. tariffs and plunging lira equals cheap steel for the rest of the world

Stainless steel: the next actor in global steel dumping?

Source: The Economic Times Date: 10 August 2018 India to probe subsidised stainless steel imports from China India has launched an investigation into subsidised production and export of welded stainless steel pipes and tubes from China and Vietnam, an official notification said. The Directorate General of Trade Remedies, which falls under the trade ministry, said … Continue reading Stainless steel: the next actor in global steel dumping?

China upping the ante on emission monitoring as next step in steel industry regulation

Source: Reuters Date: 10 August 2018 China to target emission monitoring in steel, coal-fired power in 2018-2020 China will work to improve the monitoring of emissions from heavy industries like steel, coal-fired power generation, coke and chemicals in key regions over the coming three years, stepping up an already-intensive campaign to tackle smog. “There remain … Continue reading China upping the ante on emission monitoring as next step in steel industry regulation

Steel tariffs piling pressure on automotive and autoparts manufacturing industries

Source: Bloomberg Markets Date: 9 August 2018 Ford Calls Rising Steel, Aluminum Prices ‘Significant Headwind’ Rising steel and aluminum prices, driven up by President Donald Trump’s tariffs on those commodities, are a substantial drag on Ford Motor Co.’s business, though a top executive said the company doesn’t plan to pass higher costs on to consumers. … Continue reading Steel tariffs piling pressure on automotive and autoparts manufacturing industries

Stable global markets for long steel a good sign for long-driven Malaysian steel sector

Source: S&P Global Platts Date: 8 August 2018 The global market for long steel is "in equilibrium" with the outlook for future development dependent on the region, the International Rebar Producers & Exporters association said. The international business environment and economic growth rates were currently strong, with US domestic mills benefiting from a robust economy … Continue reading Stable global markets for long steel a good sign for long-driven Malaysian steel sector

Firmer enforcement and follow-through needed to prevent undermining of approved trade measures

Source: The Edge MY Date: 8 August 2018 Local steel manufacturers have found themselves in a tight spot again. Steel product manufacturers in the downstream segment have been exploiting loopholes in local anti-dumping regulations to bring in flat steel products, specifically cold rolled coil (CRC), at prices too low for local steel manufacturers to match. … Continue reading Firmer enforcement and follow-through needed to prevent undermining of approved trade measures

Japan’s domestic manufacturing sector is keeping the nation’s steel demand up amid trade war uncertainty

Source: S&P Global Platts Date: 8 August 2018 Japanese steelmakers plan to lift crude steel production to 27.07 million mt over July-September, up 4.3% year on year and up 1.8% from June-July, a Ministry of Economy, Trade and Industry ("METI") survey released Tuesday showed. Register Now A METI official in charge of the survey said … Continue reading Japan’s domestic manufacturing sector is keeping the nation’s steel demand up amid trade war uncertainty