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Coal: China removes import tariffs to secure supplies
China has removed import tariffs on various types of coal as part of its efforts to maintain adequate supplies amid global disruptions caused by the Russia-Ukraine conflict. The tax cut will be effective from 1 May 2022 to 31 March 2023. The tariff has been reduced to...
Steel plates: prices weaken due to insufficient supply
Global merchant plate prices have diverged considerably as the origin of the material has become the identifier of value amid the Russian invasion of Ukraine and subsequent sanctions on Moscow. The addition of religious holidays in various regions throughout April...
China’s manufacturing steel demand worsens in April
China's manufacturing activity and steel demand in April extended the decline from March levels due to widespread COVID-19 cases that sent the country into a tailspin, a development that will continue to keep pressure on the manufacturing sector in May. China's steel...
Steel sections: prices in the EU remain stable
European steel section prices remained stable in the week to 27 April, as buyers refrained from booking orders at consistently high prices. The valuation of European medium sections (category 1, S235 JR) stood at 1,500 euro/ton. Market sources continued to quote...