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EU Now in a Full-Fledged Steel Price War With China

Keywords :        Update : 2016-08-19        View(s) : 1971

At least according to a European Union official familiar with the Union’s steel sector plans,  says  Reuters. The E.U. is certainly ramping up the pressure. This year, alone, the  European Commission  has 37 anti-dumping and anti-subsidy measures in place for steel pr...

ASEAN HRC Steel import prices shoot up to $360 a ton

Keywords :        Update : 2016-08-18        View(s) : 2099

ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) shot up to $360 a ton during the week ended July 01, as per the latest figures released by The Steel Index. According to TSI, ASEAN HRC index finished the week at $360 a ton, posting an increase of $20 a ton over the week. ...

Saudi Arabia Wants an Oil Production Cut; China Wants Steel Overcapacity Cuts

Keywords :        Update : 2016-08-17        View(s) : 1535

Saudi Arabia is pushing for an oil production cut among its fellow OPEC nations as well as other big producers such as Russia. In China, Beijing is pushing local governments to cut steel overcapacity. Saudis: Let’s Make a Production Cut Deal The Organization of Petroleum Exportin...

China July daily Steel output down from record 2.32 MMT a day in June

Keywords :        Update : 2016-08-16        View(s) : 1901

As per  government data, China's average daily crude steel output fell in July,  providing some respite to overseas rivals angered by a torrent of cheap steel  from Chinese mills in the past year. It is expected that the output may  lower further in the coming months as m...

US Steel Prices Under Pressure: Higher Imports In H2?

Keywords :        Update : 2016-08-12        View(s) : 2061

US Steel Prices Under Pressure: Higher Imports In H2? China cut 13 million metric tons of excess crude steel capacity in the first half of the year, less than a third of its annual target. China’s vice industry minister said in July that the country will step up efforts...

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