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World

All the latest headlines from all regions of the world outside the NAFTA market.

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EU Announces Anti-Dumping Duties on Chinese-Made Rebar

01 February 2016 - The European Commission is planning to impose anti-dumping duties of 9.2 and 13 percent on imports of Chinese-made, high-fatigue performance (HFP) rebar.

Analysts: Expect a Challenging Year, But Some Slight Production Growth Is Likely

01 February 2016 - The world’s steel industry is projected to grow slightly in 2016, with production rising by around 0.15 percent, according to newspaper survey of analysts.

Japan's No. 1 Steelmaker Looks to Acquire Rival Nisshin Steel

01 February 2016 - Two of Japan’s largest steelmakers are planning to combine as they try to ride out the low prices brought on by excess capacity.

EUROFER: EU Steel Demand May Grow in 2016, But Uncertainty Abounds

27 January 2016 - Steel demand is relatively weak, prices are low and imports are continuing to pummel the European market. And with more than enough to go around, producers will be fighting for orders, creating uncertainty as the industry heads deeper into 2016, according to EUROFER, the European Steel Association.

SMS group Installs New Welding Line at Russian Pipe Works

27 January 2016 - Russia’s Gazpromtrubinvest has commissioned a 16-inch, high-frequency pipe-welding line at its Volgorechensk pipe works, according to the supplier on the project.

Court Rules Vale Can Reopen Brazilian Port -- For Now

26 January 2016 - Last week, a Brazilian court ordered that iron ore exporter Vale SA close its Tubarao port, one of the world’s most important iron ore import-export terminals.

ArcelorMittal Mothballs Spanish Mini-Mill

25 January 2016 - ArcelorMittal is indefinitely idling its Sestao mini-mill in Spain, blaming “extremely adverse” market conditions.

Sanctions End, and Iran Goes Shopping

25 January 2016 - Italian mill builder Danieli expects to sign commercial agreements with Iran worth up to US$5.7 billion as economic sanctions end and the country set about to modernize.

India Steps Back From POSCO Mill Project

22 January 2016 - The Indian government has set aside plans to establish a steel mill in partnership with South Korea’s POSCO, and will now focus on other projects with ArcelorMittal, reports The Times of India.

Moody's Initiates Broad Credit Ratings Review of Energy, Mining Companies

22 January 2016 - Moody’s is considering whether to downgrade 175 of the world's oil, gas, mining and metals businesses on account of the ongoing commodities downturn, the credit ratings agency has announced.

Environmental Concerns Prompt Closure of Major Iron Ore Terminal in Brazil

22 January 2016 - A Brazilian court has ordered one of the world’s primary iron ore import-export terminals to shut down owing to recurring pollution problems.

China, U.S. Plan to Hold Bilateral Steel Meeting

21 January 2016 - U.S. and China officials, along with representatives from their respective steel industries, have tentatively agreed to meet for a bilateral steel-sector discussion later this year, American Iron and Steel Institute President and CEO Thomas Gibson said.

Angolan Steelmaker Cuts the Ribbon on New Mini-Mill

21 January 2016 - Angola’s Aceria de Angola has started producing steel at its new 500,000-tons-per-year mini-mill near the capital of Luanda.

EU Takes Belgium, Italy to Task for State Support of Steelmakers

21 January 2016 - The European Commission has ordered Belgium to recover EUR211 million in aid it granted to steel companies in the Duferco group, saying the assistance distorted competition and violated EU state aid rules.

IEA: Oil Market Could Drown in Global Oversupply

20 January 2016 - Oil prices might continue to fall in 2016 as the world is poised to withdraw more from the Earth than it needs, according to the International Energy Agency.

China's Steel Production Contracts for the First Time in 25 Years

19 January 2016 - For the first time in as long as many can remember, Chinese steelmakers produced less than they did the year before, according to reports.

Hyundai Steel Starts Up Caster, Bar Rolling Mills at New Plant

19 January 2016 - A bloom caster, a large-bar rolling mill, and a combination small-bar and wire rod mill have been started up at Hyundai Steel’s new special steel plant in South Korea.

China Iron and Steel Association: Our Steelmakers Are Hurting, Too

18 January 2016 - Overcapacity and falling domestic demand are impacting the Chinese steel industry -- the country’s major steel producers lost US$8.07 billion from January to November 2015, reports the Reuters news service.

Tata Steel to Let Go More Than 1,000 at UK Mills

18 January 2016 - Tata Steel UK Ltd. is laying off 1,050 people, mostly from its integrated Port Talbot mill in Wales, on account of continued pricing pressure from low-cost imports, the company has announced.

Indonesian Steelmaker Orders Coil Equalizer

15 January 2016 - U.S.-based Delta Steel Technologies has won a contract to design and build one of its coil equalizers for Indonesia’s Gunung Steel Group, the company has announced.

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