International Steel Weekly Review (10.13-10.17)

Latin American steel imports increased or take action on China

Latin American Iron and Steel Association (Alacero) said, this year 1-8 month, Latin America from Chinese steel imports increased by 54%, reaching 5400000 tons. The flat products accounted for 67%, 3700000 tons, including 740000 tons of hot galvanized plate and 736900 tons of cold rolled hot-rolled, long products 1400000 tons, including 757900 tons and 524400 tons of screw steel wire.

Egypt for investigation for taking safeguard measures on imports of screw thread steel

In October 14, 2014, Egypt metallurgy industry chamber of commerce application, Egypt for safeguard measures investigation on imported screw thread steel. Product customs code for 7213, 7214.

At the same time, Egypt decided to import the products involved in the case of CIF 7.3% levy provisional safeguard measures tax (tax rate of not more than 290 Egyptian pounds / ton).

Japan steel and shipbuilding factory agreed to 4-9 months of shipbuilding contract price

Recently, Japan integrated steel mills and domestic shipyard has agreed to 4-9 month shipbuilding contract price, at the same price as several months ago. In the negotiations, the shipyard hope down contract prices decline, with the same car plate. Mainly because although the ship orders increased, but the price did not rise, the shipyard little profit in August, Nippon Steel and live has agreed to cut in car plate price 3000 yen per ton. However, steel mills want the price increase of 5000 yen / ton (46.6 U. S. dollars / ton), think long term contract users of the contract price is far lower than the spot price. At present, the long-term contract user prices have been lower than the 70000 yen / ton (653 U. S. dollars / ton), while the Tokyo market, SS400 (thickness 16-25mm) plate price for the 8.4-8.6 million yen / ton (US $784-802 / ton).

Malaysia to China to make hot coil products such as anti-dumping preliminary ruling

In October 16, 2014, Malaysia originating in China, Indonesia and South Korea coil, tread plate rolls and pickling oil volume make anti-dumping preliminary ruling: originating in China, Indonesia, South Korea imported product collection of not more than 120 days of the provisional anti-dumping tax, the tax rate is 3.15% ~ 29.17%, and since October 17, 2014 formally implemented the measures. Products involved in the customs code of Malaysia for the 7208.10.000, 7208.25.000, 7208.26.000, 7208.27.000, 7208.36.000, 7208.37.000, 7208.38.000, 7208.39.200, 7208.39.900, 7225.30.000, in the ASEAN customs tariff for 7208.10.0000, 7208.25.0000, 7208.26.0000, 7208.27.1000, 7208.27.9000, 7208.36.0000, 7208.37.0000, 7208.38.000, 7208.39.0020, 7208.39.0090, 7225.30.9000.

Tata Steel Long Products Division will be sold in Europe

India's Steel Corp and the Swiss industrial investment and trading company Klesch Group signed a memorandum of understanding to sell its European long products division. The sale of assets including Scunthorpe factory (integrated steel mills), Teesside plant (profile), the Dalzelland Clydebridge factory (plate), Workington engineering workshop, York rail research team and in Ireland, France and Germany rail and sales center operations. The long products division is the main product of plate structure, profiles, profiles, wire rod, rails and semi-finished wood, the division of crude steel annual production capacity of 5000000 tons, but the annual output of about 3000000 tons, the vast majority of production comes from the Kemp cable factory.

NSSC successive 9 months maintain domestic price stability of H type steel

Japan NSSC (NSSMC) and its subsidiaries (NipponSteel& SumikinShapes) decided to maintain the October H type steel contract price unchanged, this is the 9 consecutive month to maintain stable prices. In January this year, the company has raised the contract price of 1000 yuan / ton (9.4 U. S. dollars / ton).

INQUIRY FOR FRESHI COLD ROLLED STEEL STRIP PRICE, pls send your inquiry to chocoliang@gdgwsteel.com