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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...
Steel: Cliffs predicts recovery in demand for motor vehicles by year’s end
Cliffs CEO Lourenco Goncalves said demand for steel from the automotive industry is expected to improve by the end of the year, following a decline in steel consumption since 2020 due to lower vehicle production. "Starting in the second half of 2022, we expect to get...