Korean scrap exports have fallen sharply
According to relevant sources in the Korean scrap industry, the demand for scrap imports from China and Vietnam has begun to decline a year ago. On the contrary, demand for scrap in Taiwan has increased.
Korean stainless steel cold-rolled sheet stocks hit a new high in 4 months
According to the statistics of the Korea Cold Rolled Stainless Steel Association, as of the end of May, Korean stainless steel cold rolled sheet stocks have approached 100,000 tons, an increase of 4.3% from the end of April and a year-on-year decrease of 0.7%.
Steel tariffs hit US largest nail maker
Trump (when he was running for president) claimed at the time that he would revive the United States and would protect the US job. Now his actions are very likely to cause 500 Americans to lose their jobs
US Department of Commerce Approves First Application of "232" Customs Exemption for Steel Products
U.S. companies may apply for waiver from the U.S. Department of Commerce since March 19. Due to the violation of the WTO rules, the United States steel and aluminum tariffs have been widely opposed by many governments and companies.
US Anti-subsidy Preliminary Inspection of Large diameter Welded Pipes from China
U.S. International Trade Commission (USITC) issued an announcement to make a positive preliminary ruling on anti-dumping and anti-subsidy industrial damage to large-diameter welded pipes imported from China, India, South Korea, and Turkey, as well as imports from Canada and Greece.
China and Japan Steel capacity in May
Japan’s crude steel production in May increased by 4.3% from the previous month without seasonal adjustment. China’s lead production in May increased by 15% year-on-year to 413,000 tons.
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