Metallurgy news

• Vietnam is committed to US steel exports The finance minister said Vietnam is ready to prove to the United States about steel exports at the center of the new tariff line. The US Department of Commerce last week said it would set tariffs up to 456% on certain steel produced in South Korea or Taiwan, which is then shipped to Vietnam for... 08.07.2019  10:13

• EC approves US acquisition of Standard Steel Holdings Inc Pursuant to the EU Merger Regulation, the European Commission approved the acquisition of joint control of Standard Steel Holdings Inc in the United States by Sumitomo Corporation from Japan and Nippon Steel Corporation also from Japan, which currently exclusively control Standard Steel. Standard... 05.07.2019  12:38

• The United States filed a complaint about the introduction of tariffs to the WTO The United States has filed a complaint with the World Trade Organization over India's retaliatory tariffs on US steel and aluminum levies imposed by Washington last year. In March 2018, the United States imposed 25 percent and 10 percent tariffs on imported steel and aluminum, respectively. As... 05.07.2019  12:21

• Tata Steel to Raise USD 500 Million in Foreign Loans TATA Steel attracts up to USD 500 million in foreign loans to finance expansion and refinancing of debt. Three-quarters of this amount will be used to expand the second phase of its steel plant in Kaliningar in Odisha, which will increase capacity by 5 million tons per year to 8 million tons per... 05.07.2019  12:18

• Shanghai Steel Futures Fall Amid Easing Production Restrictions Chinese steel futures fell on Wednesday as production restrictions were lifted in some steel centers, raising fears that overall production will remain robust and provide additional support for record high iron ore prices. The most active October rebar contract on the Shanghai Futures Exchange... 04.07.2019  12:13

• India launches anti-dumping investigation on steel imports from EU, Japan, USA and South Korea India's Directorate General of Trade Remedies on June 28 launched an anti-dumping investigation into the import of tin plates originating from or exported from the European Union, Japan, the United States and South Korea, after JSW Vallabh Tinplate Private Limited and The Tinplate Company of India... 04.07.2019  11:47

• Severstal acquires 26% of shares in JV with Linde Severstal announced that it has signed an agreement to purchase a stake in the joint venture with Germany's Linde AG. The JV produces serpentine heat exchangers for use on medium and large LNG. Upon completion of the transaction, Severstal will control 26% of the shares and Linde will control 74%... 04.07.2019  11:18

• India becomes a major consumer of rolled metal products India will remain a net steel importer for at least the next two years as high quality steel from South Korea and Japan comes tax-free amid fears of increased shipments from China, according to local Fitch Ratings Ltd. , Overseas purchases from India totaled 7.8 million tonnes imported for the... 03.07.2019  15:29

• US steel production up 2% Weekly U.S. steel output showed a modest increase in the week ending June 29, 2019, up from the same week a year earlier. This is in line with the latest weekly domestic production statistics published by the American Iron and Steel Institute (AISI). Weekly production was marginally lower than the... 03.07.2019  15:23

• Azovstal topped the list of the largest recipients of budget VAT refunds in June Azovstal, affiliated with the Metinvest group, topped the list of the largest recipients of budget value added tax (VAT) refunds in July 2019 with an indicator of UAH 806.86 million, although there was no information on refunds in May, according to data on the website of the State Treasury Service... 02.07.2019  12:28