Steel News

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.

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04 August 2015 - A metals, chemical and oil company has withdrawn from discussions on buying Tata Steel's European long products business, according to a report in The Financial Times.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

U.S. Producers Seeking Trade Relief From Cold-Rolled Imports

29 July 2015 - Several major U.S. steel producers -- AK Steel Corp., ArcelorMittal USA LLC, Nucor Corp., Steel Dynamics Inc., and U.S. Steel Corp. -- have filed petitions charging that foreign producers from eight countries are are dumping cold-rolled steel at substantial margins, harming the domestic industry.

Steel Associations From Six Latin American Countries Join to Urgently Request Their Governments to Ensure Fair Trade in the Region

15 July 2015 - On 13 July, eight national and regional associations of the Latin American steel industry published in newspapers of Argentina, Brazil, Chile, Colombia, Mexico and Peru, an Open Letter that calls governments of the region to act urgently to ensure level playing field for steel trade, particularly with China.

Mexico Renews Countervailing Duty on Cold Rolled Coil from Russia and Kazakhstan

08 July 2015 - The countervailing duty applied to Mexican imports of cold-rolled coil from Russia and Kazakhstan was extended by five years after a review, Mexico's Ministry of Economy said on 1 July.

AISI Hails Presidential Signing of Trade Package

29 June 2015 - President Obama today signed two significant trade initiatives - Trade Promotion Authority (TPA), and the extension of the Africa Growth and Opportunity Act and other trade preference programs, which includes renewal of Trade Adjustment Assistance (TAA) and trade remedy improvements.

U. S. Steel President And CEO Mario Longhi Commends President Obama For Strengthening Trade Enforcement Laws

29 June 2015 - Today United States Steel Corporation President and CEO Mario Longhi commended President Barack Obama as he signed the Trade Promotion Authority (TPA) and Trade Adjustment Assistance (TAA) legislation into law.

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. Steel President And CEO Applauds Congress For The Passage Of Trade Promotion Authority And Trade Adjustment Assistance

25 June 2015 - Today United States Steel Corporation President and CEO Mario Longhi issued the following statement in response to the passage of the Trade Promotion Authority (TPA) and Trade Adjustment Assistance (TAA) bills.

SMA Lauds Congressional Votes on Trade Bills

25 June 2015 - The Steel Manufacturers Association (SMA) today applauded recent Congressional passage of two trade bills.

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.

AK Steel and Other US Producers File Trade Cases Against Five Countries

04 June 2015 - AK Steel today announced that it has joined other major domestic steel producers in filing anti-dumping and counter-vailing duty petitions against five countries related to corrosion-resistant steel.

American Institute for International Steel, Inc., Eurometal — Steel Trade Study Group and the International Steel Trade Association Agree to Establish a Global Steel Supply Chain Partnership

26 May 2015 - The purpose of their agreement is to establish a Global Steel Supply Chain Partnership as a framework for collaboration among the three associations.

Romney and Rauner Share Insights With Metals Service Center Institute Members

12 May 2015 - Former Governor and 2012 Republican presidential nominee Mitt Romney and Illinois Governor Bruce Rauner were both in attendance at the Metals Service Center Institute’s (MSCI) Annual Meeting in Chicago last week.

EUROFER Calls for a Timely and Effective EU Trade Policy -- EU Imports Surge Forced Closures of Stainless Steel Drawn Wires Producers

11 May 2015 - In line with the modest European economic recovery, the stainless steel long products demand in Europe recorded a slight improvement in 2014. However, imports from third countries benefited most from the increase in apparent consumption.

Stainless Tube Imports From Asia Continue Massive Surge

30 April 2015 - Imports of seamless stainless steel tube from China and Japan continue to surge into the United States market at a rapid pace, according to the Stainless Steel Tube Trade Advancement Committee (SSTTAC).