Japanese steelmaker Nippon Steel and Sumitomo Metal Corporation (NSSMC) is planning to install a continuous hot dip galvanising line at its Kimitsu Works in Chiba Prefecture on the eastern outskirts of Tokyo. The aim is to strengthen the supply system for ultra-high-tensile steel sheets with a tensile strength of 1.0GPa or more. According to NSSMC, […]
Category: News
EU Steel Prices Rise Despite New US Import Tariff Announcement
The recent US announcement of a 25 percent tariff on steel imports certainly created a great deal of speculation and uncertainty in the EU market. It dominated discussions during MEPS research, in March. However, purchasing and prices were not directly affected by the news. European strip mill product basis values continue to move up. Figures […]
March 2018 – Crude Steel Production
World crude steel production for the 64 countries reporting to the World Steel Association (Worldsteel) was 148.3 million tonnes (Mt) in March 2018, a 4.0% increase compared to March 2017. World crude steel production was 426.6 Mt in the first three months of 2018, up by 4.1% compared to the same period in 2017. Asia […]
EU Given Further 30-day Exemption On US Section 232 Tariffs
May 1st 2018 – Following the announcement today of an extension to the EU exemption from US steel tariffs, UK Steel Director, Gareth Stace commented that the news will be greeted with ‘a certain sense of relief’ for steel producers in the UK. “A further extension to the EU exemption gives us a little more […]
