Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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909 news items in Import / Export. Show all
Turkey's scrap import prices fell this week to USD 365-370 per ton CFR, down from USD 380 per ton CFR last week, partly due to the availability of cheaper billet import offers. Billet offers from China are now in the…
The Indian Ministry of Commerce and Industry has initiated an anti-dumping investigation into HR flat steel imports from Vietnam, according to a gazette notification. The investigation follows an application by the…
Taiwan's China Steel Corp (CSC) will reduce domestic steel prices in September, marking its first across-the-board cut since August last year. The reduction follows a surge in low-priced Chinese steel exports, which has…
Malaysia's Ministry of Investment, Trade & Industry has initiated an antidumping investigation into tinplate imports from China, India, Japan, and South Korea. The investigation follows a complaint from Perusahaan Sadur…
China's steel industry is facing a crisis more severe than the downturns of 2008 and 2015, according to Hu Wangming, Chairman of China Baowu Steel Group, as reported by Bloomberg. Hu characterized the current conditions…
In June, Turkey imported approximately 97,000 tons of pig iron, marking a sharp 66pct increase YoY but a 27pct decrease from the previous month, according to the Turkish Statistical Institute (TUIK). Russia remained the…
The US Department of Commerce has preliminarily determined that Al Jazeera Steel Products sold circular welded carbon-quality steel pipe from Oman below market value in the US. This finding pertains to sales made during…
Vietnam's finished steel production is expected to reach 30 mln tons this year, a 7pct increase from last year, according to the Ministry of Industry and Trade (MoIT). However, the sector faces challenges, including…
The United Kingdom's regulator, Trade Remedies Authority (TRA) has proposed revising the tariff rate quota (TRQ) for category 1 steel, non-alloy and alloy hot rolled sheets and strips, due to recent changes affecting…
Turkey's scrap import prices fell this week as weak steel demand and lower billet import offers limited scrap buying activity. Prices were assessed at USD 380 per ton CFR, down USD 10 per ton from the previous week…
The European Union has launched an anti-dumping investigation into imports of hot-rolled flat steel from Egypt, India, Japan, and Vietnam, as announced in the Official Journal of the European Union. The investigation…
Turkey's Ministry of Trade has assigned preliminary antidumping duties on HRC imports from China, India, Japan, and Russia, according to the market sources. The new dumping margins are set at 20.56-57.75pct for Chinese…
The South Korean steel industry is grappling with significant challenges, including a domestic construction slowdown, aggressive Chinese exports, and declining supply prices, according to local media reports. In Q2…
The Australian Steel Institute (ASI) is urging state and federal government support for local steel fabricators and manufacturers as they face severe impacts from a surge in cheap imports. A July 2024 ASI survey…
China's steel exports rose by 7.5pct YoY in July 2024 to 7.83 mln tons, though this marked a decrease from May's 8.75 mln tons and represents the second consecutive month-on-month decline. From January to July 2024…
China's steel exports may decline in the coming months due to growing international pushback, Bloomberg reports. Vietnam has joined the US and Chile in initiating anti-dumping investigations against Chinese steel, as…
In the first half of 2024, Turkey's crude steel production surged by nearly 17pct YoY, reaching 18.6 mln tons, according to the Turkish Steel Producers' Association (TCUD). June 2024 saw a 3.1pct increase in crude steel…
Turkey's scrap import prices remained steady at USD 390 per ton CFR this week due to limited buying activity. This stagnation is attributed to lower billet import offers and weak demand for Turkish finished steel in the…
Turkey has officially ratified the free trade agreement with Ukraine, as announced in the country's official gazette. Signed on February 3, 2022, the agreement received final approval from President Recep Tayyip Erdogan…
Korean steel producers Posco and Dongkuk Steel have been cautious about joining Hyundai Steel's anti-dumping complaint against low-priced thick steel plates from China, according to industry sources, reported by the…
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