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Steel: Turkey imposes anti-dumping duties on wire ropes and cables from Russia and China
Turkey has imposed anti-dumping duties on imports of steel cables from Russia and China. Steel wire and cables falling under HS codes 7312.10.81.00.00, 7312.10.83.00.00, 7312.10.85.00.00, 7312.10.89.00.00 and 7312.10.98.00.00 from Russia and China are now subject to a...
HRC steel: North West European prices remain stable
Hot rolled steel prices in Northwest Europe remained stable on 18 July, despite competitive offers from Central Europe. HRC in Northwest Europe stood at $826/mt on 18 July, up slightly from $ 819/mt in the previous session. Converting the product into the single...
Steel: production cuts in China may increase at the end of July
Chinese pig iron and crude steel production is expected to fall further at the end of July, as more steel mills were forced to cut output due to rising losses. Steel production cuts are expected to support domestic steel prices, which have fallen sharply since May due...
Iron ore: China plans a giant to assert control of the market
China is planning a state-owned iron ore company to oversee everything from massive investments in West African mines to the purchase of steelmaking material from global suppliers. Beijing's top leadership plans for the new entity to assume broad responsibility for...