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Steel: global production down 5.5 percent year-on-year
According to World Steel Association data released July 22, global crude steel production stood at 949.5 million tons in the first half of 2022, down 5.5 percent year-on-year. Total June production hit a four-month low of 158.1 million tons, down 5.9 percent from a...
HRC steel: prices up slightly due to gradual recovery in demand
On July 22, HRC-hot-rolled coils in Northwest Europe rose to 814.40 euros/mt, up 0.60 percent from the previous survey (809.50 euros/mt), buoyed by increased restocking activity by distributors. In the second half of July, trading activity began to pick up across...
Steel: China extends anti-dumping duties on steel products from Japan, South Korea and the EU
The country's Ministry of Commerce said Friday that China will extend anti-dumping duties on grain-oriented flat-rolled electrical steel imported from Japan, South Korea and the European Union. The duties will be extended for five years starting July 23. The...
Ferrous scrap: trade of imported products in Pakistan is rocked by banking and currency problems
Traders in Pakistan's shredded ferrous scrap market have begun to avoid selling into the domestic market due to the rapidly deteriorating business environment. This was caused by the sharp depreciation of the Pakistani rupee in recent weeks and the low foreign...