The United States Announces It Will Impose Additional Tariffs On Chinese Steel And Aluminum
On May 14, 2024 local time, the United States announced that it would impose additional tariffs on Chinese steel and aluminum. Under Section 301, tariff...
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Biden Set To Increase Chinese EV Tariffs To Over 100%
The Biden administration is expected to impose tariffs on Chinese electric vehicles and other imported products to make domestic industries more competitive. After a three-year...
Draft Free Trade Agreement Between Ukraine And Türkiye
On May 7, the Ukrainian Cabinet approved the draft free trade agreement between Ukraine and Turkey, laying the foundation for the agreement to take effect....
World Steel Says: Global Steel Industry Requires Fairness Amid Decarbonisation
Edwin Basson, director general of worldsteel, said at the Singapore Green Steel Forum on Tuesday that a level playing field is key to keeping global...
Good News For The Domestic And International Steel Market During The May Day Holiday
During the May Day holiday, the market’s expectations for the Federal Reserve to cut interest rates this year were fully rekindled. Since April, corporate inventories...
European Domestic Hot Coil Prices Are Stable And Imported Resources Have No Advantage
In the northwest European market, the price of German hot coils has bottomed out at present. Although demand is weak, a wave of replenishment is...
Brazil Raises Import Tariffs On Steel Products. The Products Involved Include Hot Coils, Cold Coils, Galvanizing, Etc.
On April 23, 2024, the Brazilian Commerce and Foreign Trade Executive Management Committee (Gecex-Camex) issued an official document announcing an increase in import tariffs on...
Türkiye’s Imports Of Hot-rolled Coils From China Continued To Grow From January To February
According to the latest monthly data from the Turkish Statistical Institute (TUIK), Turkey’s total hot-rolled coil imports fell 8.5% year-on-year to 755,000 tons from January...
Geopolitical Tensions in The Middle East Lead To Sluggish Performance in The Black Sea Steel Billet Market
Since April 15, the Black Sea steel billet market has been sluggish, geopolitical tensions in the Middle East have been tense, and Turkey recently banned...
U.S. Steel Shareholders Voted Over 98% in Favor Of Being Acquired By Nippon Steel
U.S. Steel (X.US) shareholders voted on Friday to approve Nippon Steel’s proposed $14.9 billion acquisition of the company, in line with market expectations. U.S. Steel...
Gaza And Israel Conflict Continues, Türkiye Restricts Steel Exports To Israel
As Türkiye celebrates the holiday of Bayram and Ramadan comes to an end, the country’s rebar market is experiencing a quiet period. Despite the sluggish...
Italian Market Demand Is Sluggish（china Steel FOB Price）
Quotations for imported billets from Italy have fallen recently due to sluggish demand and weak market fundamentals, particularly falling iron ore prices. Billet demand is...
