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US extends suspension of Article 232 duties on steel imported from Ukraine for another year
On Wednesday 31 May, US Commerce Secretary Gina M. Raimondo announced that the US has extended the suspension of Article 232 duties on steel imported from Ukraine for another year. As previously reported, the duties had been suspended for one year in May last year. In...
Nickel: LME loses benchmark status in part of the market
According to French mining company Eramet, the London Metal Exchange (LME) has lost its benchmark status for part of the nickel market to the Shanghai Metals Market. An index produced by the Shanghai Metals Market 'has become the benchmark' for ferronickel pricing,...
Crude steel and cast iron: Russia’s Mechel reports an increase in production in the first quarter
Mechel, one of Russia's leading mining and steel groups, announced its production and sales results for the first quarter of 2023. In the first quarter, Mechel produced 906,000 tonnes of crude steel, 3.2% more than in the fourth quarter of last year. Meanwhile, the...
EU extends anti-dumping duty on imports of round steel from Belarus
Following the end-of-period review, the European Commission has announced that anti-dumping duties on imports of rebar from Belarus have been extended by five years. The investigation was initiated at the request of the European Steel Association (EUROFER) on 16 March...