Japan Eyeing India’s Steel Market with Joint Bid for Essar Steel

Source: Economic Times 24 August 2018.  Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp sees India as the most promising market and wants to become "an insider" to capitalise on growth of the world's third-biggest steel market, a senior executive said. "India will be the fastest-growing steel market in the world going forward," Nippon … Continue reading Japan Eyeing India’s Steel Market with Joint Bid for Essar Steel

Chinese Steel Mill Leverages on Relocation Initiative to Increase Production Capacity

Source: Reuters 23 August 2018. China’s Baofeng Special Steel, a medium-sized steel mill based in Xuzhou city in Jiangsu, will invest 50 billion yuan ($7.27 billion) to move to the coastal city of Yancheng and build a new steel production base with 8 million tonnes of annual capacity. This decision came after a push from … Continue reading Chinese Steel Mill Leverages on Relocation Initiative to Increase Production Capacity

MISIF: Delay in GST Refunds Hurting Malaysian Iron and Steel Industry

Source: The Sun Daily 23 August 2018. The Malaysian Iron and Steel Industry Federation (MISIF), which has some RM85 million worth of delayed goods and services tax (GST) refunds, views the delays in the repayment as a bane as it could impact jeopardise business operations and disrupt cash flows. A total of 32 steel firms … Continue reading MISIF: Delay in GST Refunds Hurting Malaysian Iron and Steel Industry

Consider iron and steel integrated manufacturing hub as part of Malaysia’s steel industry consolidation efforts

Source: Reuters Date: 15 August 2018 China's Jiangsu province to consolidate steel mill locations in efficiency drive China’s second-largest steelmaking province, Jiangsu, will require steel mills to move to two new areas on the coast in the next few years, according to a provincial government document, to reduce air pollution and to make the industry … Continue reading Consider iron and steel integrated manufacturing hub as part of Malaysia’s steel industry consolidation efforts

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