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INFLUENCE OF STEEL ON AUTOMOTIVE
2023-04-22The automotive industry has been one of the most critical sectors of the global economy. As the demand for automobiles increases, so does the need for better materials for their construction. Steel has been a dominant material in the au...
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UAE extends import duty on rebar and wire rod until Oct 2025
2023-04-12According to a notice from Dubai Customs, the UAE has extended the increased import duty on rebar and wire rod until October 12, 2025. In order to protect the domestic steel industry, this import duty was first raised from 5% to 10% ...
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Earthquake in Turkey impacts on steel market
2023-02-10A 7.8-magnitude earthquake hit Turkey on February 6, which caused significant damage to many buildings and a large number of casualties. Regarding the impact on the stainless steel market, market participants said that Turkey is one ...
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LME’s nickel price goes up on Feb 8
2023-02-10On February 8, nickel futures price at the London Metal Exchange (LME) hiked by over US$100/ton and closed at US$27,390/ton. Meanwhile, the nickel spot price increased by US$149/ton to US$27,192/ton. At the same time, the nickel invento...
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Malaysia launches first AD sunset review on cold-rolled stainless steel flat-rolled products from 4 countries
2023-02-04On January 31, 2023, the Ministry of International Trade and Industry (MITI) of Malaysia announced the launch of the first sunset review on anti-dumping (AD) duties imposed on imports of cold-rolled stainless steel flat-rolled...
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Turkey announces increase in import tariffs for flat products
2023-01-31Turkey has decided to increase import duties on certain flat products. Import duties on non-alloy hot-rolled coil will increase from 9% to 15%, while those on alloyed hot-rolled coil will increase from 6% to 13%. Import duties on steel ...
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Indonesia terminates AD duties on cold-rolled stainless steel from China, Malaysia
2022-12-27Indonesia has terminated the anti-dumping (AD) duties on cold-rolled stainless steel from China and Malaysia. The AD duty was confirmed in March 2021. The dumping margin rate for China was determined at 39.3 to 109.6%, and that for M...
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Australia extends time to issue statement of essential facts & final report of AD & CVD measures on China’s aluminum zinc-coated steel
2022-12-21On December 12, 2022, the Australian Anti-Dumping Commission announced an extension of the deadline to publish the statement of essential facts, the final report, and recommendations on the anti-dumping (AD) and countervailing duty (CVD...
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Turkey’s CRC imports decreasing
2022-12-16According to the Turkish Statistical Institute (TUIK), in the first ten months of this year, Turkey's cold-rolled coil (CRC) imports totaled around 602,400 tons, sliding by 9.4% compared to the same period a year ago. The import value t...
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Brazil extends AD measure on Indonesia’s cold-rolled stainless steel sheets
2022-12-10Brazil's Secretariat of Foreign Trade (SECEX) announced an extension of the current anti-dumping (AD) measures on grade 304 cold-rolled stainless steel sheets from Indonesia by another five years from December 1, due to suffic...
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Thailand decides to impose AD duty on cold-rolled stainless steel from Malaysia and Indonesia
2022-12-06Thailand's authority decided to impose anti-dumping duty on imported cold-rolled (CR) stainless steel from Malaysia and Indonesia. The final dumping duties for CR stainless steel from Malaysia’s Bahru Stainless are 15.23% and 32.25% ...
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India’s Federation of Indian Mineral Industries seeking cancelation of export tariffs on bauxite
2022-11-30India’s Federation of Indian Mineral Industries (FIMI) is seeking the cancelation of the 15% export tariffs on bauxite in its pre-budget proposals to the finance ministry, saying that it will optimally utilize low-grade mineral resource...
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