Nippon Steel Raises Prices in May Due To Cost Reasons
Due to rising alloy costs, Nippon Steel Stainless Steel Corporation (NSSC) will increase the price of nickel-based stainless steel (300 series) sold in May by...
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Nickel Prices Soar Amid Unrest in New Caledonia
Nickel prices on the London Metal Exchange surged more than 5% on Friday amid violent protests and riots in New Caledonia. New Caledonia will become...
EU Approves Nippon Steel’s Acquisition Of U.S. Steel
The European Commission approved Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel on May 6, concluding that “given the limited market position resulting from...
Congratulations to The 25th Anniversary of Runfei Group
In honor of the 25th anniversary, Runfei Group recently took a trip to one of the most beautiful island destinations in the world, Boracay, the Philippines. This...
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...
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...
