Steel News

Cliffs Natural Resources CEO: China Steel Exports Reach 'Crazy' Levels

20 August 2015 - Chinese-made steel exports are likely to surge to more than 100 million metric tons this year, Cliffs Natural Resources CEO Lourenco Goncalves told BloombergBusiness.

Institute: Recent Trade Cases Could Have Broader Impacts on U.S. Economy

17 August 2015 - The American Institute for International Steel is weighing in with a few thoughts regarding the spate of trade cased filed by U.S. producers, saying the cases come with a few pitfalls that merit consideration.

Devalued Yuan Leads China Steel Producers To Cut Prices

14 August 2015 - With China having devalued its currency earlier this week, steelmakers there are already moving to reduce export prices, according to a Reuters report.

U.S. Producers Seeking Trade Measures Against Hot Rolled Steel Imports

12 August 2015 - Six U.S. steelmakers have filed petitions for trade action against imports of hot rolled flat products, the producers have announced.

Acquisition Talks For Tata Steel Long Products Business Unsuccessful, Company Confirms

06 August 2015 - Confirming earlier reports, Tata Steel executives said that negotiations on the sale of its European long products business have broken off.

China Exports to Latin America Continue To Increase

05 August 2015 - Finished steel imports from China to Latin America rose 10 percent between the first half of 2015 and the same period last year, according to Alacero, the Latin American Steel Association.

Iran Sees More Steel Production In Its Future

05 August 2015 - Iran is looking to double its steel production over the next 10 years, Mehdi Karbasian, deputy minister of Iran’s Ministry of Industries, Mines & Trade, told BloombergBusiness in an interview.

Klesch Group Ends Acquisition Talks For Tata Steel Long Products Business

04 August 2015 - A metals, chemical and oil company has withdrawn from discussions on buying Tata Steel's European long products business, according to a report in The Financial Times.

Report: China Steel Exports Reaching "Extraordinary" Levels

29 July 2015 - Steel exports from China have increased to extraordinary levels as demand in the world’s largest producer slows, according to a Bloomberg report. Meanwhile, the head of India’s third-biggest mill is decrying the impact of surging competition, it said.

AISI: Preliminary Steel Imports Decrease 10% in June; Import Market Share at 27%

28 July 2015 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,049,000 net tons (NT) of steel in June 2015, including 2,458,000 net tons (NT) of finished steel (down 10.3% and 10.7%, respectively, vs. May final data).

Mexico Imposes Tariffs on Steel From Spain, U.S. and India

17 July 2015 - As reported by Reuters, Mexico has imposed provisional import duties on carbon steel tubing with seams from the United States, Spain and India, as it investigates possible dumping.

AISI Releases June SIMA Imports Data; Import Market Share 27% in June

10 July 2015 - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of June total 3,065,000 net tons (NT).

Alacero: Latin American Finished Steel Production Remains Stable, While Imports Grow 15% in Jan-Apr 2015

30 June 2015 - Alacero released their figures for the Latin American steel market for the first months of 2015 on 24 June.

AISI: Preliminary Steel Imports Decrease 4% in May

29 June 2015 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,374,000 net tons (NT) of steel in May 2015, including 2,744,000 net tons (NT) of finished steel (down 3.6% and 7.2%, respectively, vs. April final data).

AHMSA Threatens More Job Cuts Over Dumping

29 June 2015 - Altos Hornos de Mexico (AHMSA), one of Mexico's largest steelmakers, could cut a further 4,000 jobs if the government does not take radical measures to stop dumping in the industry, Reuters reports.

Update: Trade Adjustment Assistance Bill With Antidumping/Countervailing Measures Approved by U.S. Senate and House

25 June 2015 - Update: The U.S. House of Representatives approved the Trade Adjustment Assistance bill by a vote of 286-138.

U.S. Dept. of Commerce Announces Investigation into Antidumping and Countervailing Duties of Corrosion-Resistant Steel

25 June 2015 - On 24 June 2015, the United States Department of Commerce submitted announced that it will initiate antidumping duty and countervailing duty investigations of imports of corrosion-resistant steel products from China, India, Italy, Korea and Taiwain.

India Raises Duties on Some Steel Products to Counter Chinese Imports

24 June 2015 - As reported by Reuters, India has raised duties on certain steel products by up to 2.5 percentage points, as domestic producers struggle to cope with surging cheap imports from China and Russia, among others.

Mexico Places Duties on Cold-Rolled Steel From China

23 June 2015 - Mexico's government said on 19 June 2015 that it would impose import duties on cold-rolled steel sheet from China after an anti-dumping investigation, as reported by Reuters.

Global Steel Industry Calls On Governments to Take Action Against China’s New Steel Policy and Overcapacity

18 June 2015 - The American Iron and Steel Institute (AISI), the Steel Manufacturers Association (SMA), the Canadian Steel Producers Association (CSPA), Specialty Steel Industry of North America (SSINA), the Committee on Pipe and Tube Imports (CPTI), the Latin American Steel Association (Alacero), the Mexican Iron and Steel Industry Chamber (Canacero), the European Steel Association (Eurofer), the Turkish Steel Producers Association (TCUD) and the Brazil Steel Institute have issued a joint industry statement concerning China's new steel policies on 16 June 2015.