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The pace of recovery in China’s manufacturing sector remains weak undermining steel demand
China's manufacturing index for steel consumption stood at 110 points in May, 9 points higher than in April, but 5 points down on the same period in 2021. Although Chinese manufacturing activity improved further in June, thanks to the containment of the pandemic, the...
Tariff-related measures will reduce India’s steel exports by 40 per cent in 2023
According to CRISIL, India's steel exports are expected to fall by 40 per cent to 12 million tonnes (MT) in the current fiscal year due to the customs measures adopted by the government last month. Finished steel exports reached a record level of 18.3 million MT in...
EU initiates review of anti-dumping duty on Belarus
The European Commission has initiated an expiry review of EU anti-dumping duties on rebar from Belarus, following a request from Eurofer. The product concerned falls under HS codes 7214 10 00 10, 7214 20 00 20, 7214 30 00 10, 7214 91 10 10, 7214 91 90 10, 7214 99 10...
Steel: Russia will subsidise exports following sanctions
According to Russian Deputy Minister of Industry and Trade Viktor Evtukhov, the Russian authorities will subsidise steel exports. "We are reviewing the decision to subsidise the export of metallurgical products. Last year it made no sense: products were exported,...