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Nippon Steel declared it would sue President Joe Biden for his actions in approving the United States Steel and Nippon Steel merger.Follow the AG真人游戏 article below to update the latest information about the incident.Nippon Steel intends to acquire United States Steel for approximately $15 billionUnited States Steel and Nippon Steel merger deal turns sourUpon January 6, Nippon Steel Corporation elected to file a lawsuit against President Joe Biden. Specifically, Mr. Joe Biden prevented this organization from acquiring United States Steel of America for approximately $15 billion USD. As a consequence, the US President declared that the acquisition of United States Steel by Nippon Steel would jeopardize the nation's national security and critical supply chain. However, in response to Mr. Biden's decision, Nippon Steel and United States Steel declared that they would exert every effort to safeguard their legal rights. Nippon Steel and United States Steel will also argue in court that Mr. Biden's decision violated due process under the US Constitution and that he failed to present sufficient evidence to demonstrate that the agreement between the two companies would endanger US national security. Furthermore, this is the first instance in which a Japanese company's merger and acquisition deal has been thwarted by a US president.Nippon Steel justified its acquisition of United States Steel by asserting that it would facilitate the company's resumption of operations, despite its numerous challenges. Additionally, the authorization of the acquisition will ensure that American individuals will continue to hold management positions and serve on the board of directors of United States Steel, as Nippon Steel will invest more than $2.7 billion. Nippon Steel's objective is to elevate its annual production capacity from 65 million tonnes to 85 million tonnes on a global scale. If the merger with United States Steel is finalized, this objective will be entirely feasible.Outside Nippon Steel headquarters in TokyoWhat impact would a combination between United States Steel and Nippon Steel have on the world steel market?A merger between Nippon Steel and United States Steel might result in a multinational steel corporation with significant future effects on the steel sector. Expanding the global supply chain: With their respective worldwide production and distribution networks, Nippon Steel and United States Steel will be better equipped to satisfy demand from a wide range of geographical areas as a result of the merger. Stronger competition: Following the merger, Nippon Steel and United States Steel will be better equipped to compete with ArcelorMittal, Tata Steel, and POSCO, among other significant international rivals.Impact on steel prices: A significant portion of the steel market would be controlled by the merger of Nippon Steel and United States Steel, which might have an impact on steel pricing worldwide.Increase investment in green technology: Post-merger companies may need to invest more in clean technologies and lower carbon emissions due to the growing demand on environmental protection worldwide. This could alter the way steel is made and have an impact on the company's long-term strategy.Changing the structure of the steel industry: Since two of the biggest steel producers would unite to form a single organization that controls the global steel market, the merger of these two businesses might drastically alter the composition of the steel sector. The merger of Nippon Steel and United States Steel may alter the structure of the steel industryAll things considered, the combination of Nippon Steel with United States Steel might result in a strong steel corporation, but it would also bring about significant changes to the world economy and the steel sector. Even while it might have a lot of positive economic effects, there will be significant obstacles to upholding fair competition and safeguarding workers' rights.In the article above, AG真人游戏 has provided you with the most recent information regarding the merger between the United States and Nippon Steel. Stay informed about the most recent advancements in the steel industry by following us. If you have any inquiries, please do not hesitate to contact us

The Weekly steel price index for 2025/01/04 shows notable fluctuations across key markets like China, the US and Europe. Factors such as political measures, supply and demand shifts and trade policies are driving changes in steel prices. Stay informed about the latest market trends and their impact on global steel pricing.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermViet NamHRCDomestic516-518CFR Viet NamChinaHRCViet Nam465-470CFR Viet Nam 鈥� End of Feb/early Mar shipmentChinaHRCViet Nam470-480CFR Viet Nam 鈥� End of Feb/early Mar shipmentChinaHRCViet Nam490-495CFR Viet Nam 鈥� Feb/early Mar shipmentChinaHRCViet Nam485-490CFR Viet Nam 鈥� End of Feb/early Mar shipmentChinaHRCTurkey510-520CFR Turkey 鈥� Feb/early Mar shipmentRussiaHRCTurkey520CFR Turkey 鈥� Feb/Mar shipmentTurkeyHRCDomestic560-565EXW Turkey 鈥� Feb shipmentChinaHRCTurkey510-520CFR Turkey 鈥� Feb/early Mar shipmentIndiaHRCTurkey560CFR Turkey 鈥� Feb/Mar shipmentEUHRCNorth Europe600-630EXW Germany 鈥� Feb/Mar shipmentEUHRCItaly580-610EXW Italy 鈥� Feb/Mar shipmentTurkeyHRCEU590CFR EU 鈥� Feb/Mar shipmentIndiaHRCEU560CFR EU 鈥� Feb/Mar shipmentKoreaHRCEU580CFR EU 鈥� Feb/Mar shipmentUSHRCDomestic750-881EXW US 鈥� Feb shipmentMexicoHRCDomestic716-750Delivered price 鈥� EXWOver the past week, the steel market has experienced significant fluctuations, particularly in major markets such as China, the US and Europe. While suppliers in many countries have maintained stable pricing, some regions have witnessed considerable price changes, mainly due to supply and demand factors, political situations and market protection policies.In Asia, especially in China, steel prices have not changed drastically. However, information regarding protectionist measures, including anti-dumping duties and import restrictions, has impacted prices in the region. As a result, suppliers have had to adjust their pricing to remain competitive and meet market demands.In Europe, fluctuations have largely been driven by market protection issues and measures to counter the influx of "cheap steel" from non-EU countries. Additionally, some mills in the region have not been operating at full capacity due to holiday breaks, leading to a partial shortage of steel supply, which has further affected prices in the region.In the US, while steel prices have remained relatively stable, changes in tariff policies and import regulations under the new administration could have significant impacts on steel prices, especially for imports from Mexico, China, and Canada.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

What is rebar? This is a question many people ask when they first hear the name of this material. Along with cement, sand, bricks,... rebar is an indispensable material, the supporting and load-bearing frame for the entire project.In the article below, AG真人游戏 Steel will provide you with the necessary information about rebar and reputable rebar import addresses in Vietnam.What is rebar? Why is it important in the construction industry?What is rebar? Some information about rebarWhat is rebar? The section below, AG真人游戏 Steel will help you answer questions about this type of steel.What is rebar made of?Rebar is also known as a 鈥渞einforcing bar鈥� or 鈥渞einforcement bar鈥�. Iron ore or scrap steel is the primary raw material used to make this kind of steel. For industrial and civil construction projects that demand a high degree of strength and durability, rebar is one of the steel types with long bar structures. For this reason, rebar is frequently utilized in concrete buildings, homes, etc.Rebar usually has a length of 11.7m/tree and depending on the customer's needs, choose a product with a corresponding diameter of 10mm to 40mm. Normally, rebar steel is bundled with a weight of no more than 5 tons and fixed with at least 3 steel wires or straps.Technical specifications and common steel gradesStandardDiameter (mm)Cross Section Area (mm) Unit weight(kg/m)Weight tolerance (%)  JISG3112-2010D1071.330.560卤6 D13126.700.995D16198.601.56卤5D19286.502.25D22387.103.04D25506.703.98D29642.405.04卤4 D32794.206.23D35956.607.51D381140.008.95TCVN 1651-2008桅628.30.222卤8桅8, D850.270.395D1078.50.617卤6D121130.888D141541.21卤5D162011.58D18254.52.00D203142.47D22380.12.98D254913.85卤4 D286164.84D328046.31D361017.97.99D4012579.86D50196415.42ASTM A615/A615M-14D1071.000.560卤6 D13129.000.994D16199.001.552D19284.002.235D22387.003.042D25510.003.973D29645.005.060D32819.006.404D361006.007.907Technical data table and common steel grades of rebar Rebar steel production processIn the above section, we have answered your question 鈥淲hat is rebar?鈥� For more information about the rebar production process, read the section below.Step 1 - Processing input materials: Input materials are iron ore or scrap steel, which will have impurities removed. Then, it is transferred to the kiln and combined with other materials such as coal, limestone,...Step 2 - Create a stream of molten steel: After being processed, the ore is put into the blast furnace to be heated to create a stream of molten steel.Step 3 - Continuous Casting: The steel in the furnace is molten and formed into a billet.Step 4 - Product formation: After going through the continuous casting process, the steel billet is formed. Here, steel billets will be drawn and made into rebar steel for construction projects.One of the steps of the rebar production processWhat is rebar used for?What is rebar used for? With unique characteristics in structure, size, style, and characteristics. At the same time, it possesses good bearing capacity, high hardness, and durability, so it is widely applied in many fields, such as:Civil and industrial construction projects: civil housing, commercial centers, high-rise buildings, office buildings, factories, workshops, hydroelectric projects,... Making frames for reinforced concrete pillars, house foundations, concrete floors,... helps increase the load-bearing capacity and durability of the project.Use in bridges, roads, and mines: Rebar is used to build structures for road and bridge systems. Not only that, it is also used to build support and reinforcement structures in mines and underground works.Rebar is used in concrete structuresBenefits of rebar in constructionRebar is popular and widely used in construction thanks to the following advantages:High durability and bearing capacity: Because it is used as concrete reinforcement, rebar has the ability to withstand large loads and is highly durable. It helps increase safety and stability for construction projects.Easy to process and flexible to install: Capable of simple machining, easy to cut, weld, and bend according to design requirements. This saves time and effort during installations.High stability and accuracy: Rebar is manufactured with a precise and consistent process, thereby helping to ensure the stability and accuracy of construction work.Diversity in applications: In addition to being widely used in civil and industrial construction projects, rebar is also used in other fields and industries.Rebar helps the project become more solid and sustainableWhy should you buy rebar steel at AG真人游戏 Steel?Currently on the market, there are many businesses selling rebar products from famous brands such as Hoa Phat, Pomina,.... However, customers are still quite hesitant when choosing reputable suppliers credit.Understanding customers' desires, AG真人游戏 Steel was born with the mission of providing customers with quality steel products at reasonable costs. Currently, AG真人游戏 Steel is a unit that many customers are interested in and choose to be a supplier of steel products originating from Vietnam. So, what advantages does AG真人游戏 Steel have that many customers choose?Providing reputable steel with a clear originCompetitive priceEmployees experience Hopefully, the above article has helped you answer the question "What is rebar?" as well as its importance in construction. Additionally, if you are interested in purchasing rebar steel or other steel products from AG真人游戏 Steel, please contact us here.

The Weekly Steel Price Index 2024/12/21 reveals significant trends in the global steel market, including price shifts, supply chain challenges, and the latest industry developments. Stay ahead with reliable insights from AG真人游戏 Steel, a trusted leader in the steel industry.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC 3mm baseViet Nam475-485CFR Viet Nam 鈥� Feb shipmentChinaQ235 HRCViet Nam485-495CFR Viet Nam 鈥� Feb shipmentChinaSAE1006 50% 2mmViet Nam505-510CFR Viet Nam 鈥� Feb shipmentChinaQ195 2nd tier millsTurkey510-520CFR Turkey 鈥� Feb shipmentChina1st tier 2mm SAE 1006 re-rollingGCC ports535-540CFR GCC ports 鈥� Feb shipmentChina2nd tier 3mm A36/Q195/Q235GCC ports518-522CFR GCC ports 鈥� Feb shipmentJapanCommercial grade HRCViet Nam500CFR Viet Nam 鈥� Feb shipment (rumour)Japan2mm SAE 1006 re-rollingGCC ports530-540CFR GCC ports 鈥� Feb shipmentIndonesiaDexin Wire rodThailand490-495CFR Thailand 鈥� Feb shipmentIndonesiaHPDQ HRCN/A511-513FOB 鈥� Feb/Mar shipmentIndonesiaDexin Wire rodTurkey475FOB 鈥� Feb shipmentIndiaHRC IS2062/E250 BR gradeN/A546-554EXW MumbaiIndiaSAE1006 re-rolling gradeGCC ports535-550Feb shipmentIndia2mm SAE 1006 re-rollingGCC ports535-550Feb shipmentRussiaHRC 1.9-4mm NMLKTurkey525CFR Turkey 鈥� Jan/Feb shipmentRussiaHRC 1.9-4mm NMLKN/A490FOB Russia for Black Sea marketEU (Germany)Domestic HRCGermany550-570EXW Germany 鈥� Feb shipmentEU (Italy)Domestic HRCItaly550-560EXW Italy 鈥� Feb shipmentEU (Germany)ArcelorMittal HRCGermany605-625EXW Germany 鈥� Feb shipmentMexicoTernium/ArcelorMittal HRCMexico714-731EXWUSClevercliff HRCN/A881EX 鈥� Feb shipmentGCC1st tier HRC 2mm SAE 1006GCC ports535-540CFR GCC ports 鈥� Feb shipmentGCC2nd tier HRC 3mm A36/Q195/Q235GCC ports518-522CFR GCC ports 鈥� Feb shipmentTurkeyDomestic HRC Edermir/BorcelikTurkey570-580EXW 鈥� Jan/Feb shipmentNippon Steel's Bid for U.S. Steel Awaits Presidential DecisionPresident Joe Biden has 15 days to decide on Nippon Steel's $15 billion bid to acquire U.S. Steel, following the Committee on Foreign Investment in the United States (CFIUS) failing to reach a consensus. Concerns have been raised about potential national security risks and the impact on domestic steel production. Nippon Steel has proposed remedies, such as appointing U.S. citizens to key management positions, to address these concerns.Tata Steel's Stock PerformanceTata Steel Ltd.'s shares saw a modest increase of 0.60%, closing at 141.70 Indian rupees. Despite this rise, the company underperformed compared to the broader market, with the BSE SENSEX Index climbing by 0.64%. Tata Steel's current stock price remains below its 52-week high of 184.60 rupees.Asian Markets Experience Moderate GainsAsian stocks recorded slight gains during a holiday-shortened week, supported by higher U.S. Treasury yields. In China, announcements of increased fiscal support led to modest market upticks. However, investor caution persists due to ongoing economic challenges and potential trade tensions with the U.S.Nippon Steel and Sojitz Invest in Canadian Iron Ore ProjectNippon Steel and trading house Sojitz have agreed to acquire a 49% stake in Champion Iron's Kami iron ore project in Canada for CAD 245 million. This investment aims to enhance Nippon Steel's supply chain and support its carbon reduction goals by producing direct reduction iron ore for electric arc furnace steel production.U.S. Steel Issues Weaker-Than-Expected OutlookU.S. Steel's stock declined after the company projected a fourth-quarter adjusted loss, attributed to falling steel prices and costs associated with developing a new factory in Arkansas. The forecasted loss is significantly below analysts' expectations, reflecting ongoing pressures in the steel market.BHP and Rio Tinto to Develop Low-Carbon Iron Pilot PlantBHP and Rio Tinto are collaborating to construct a pilot plant in Western Australia aimed at producing low-carbon iron from Pilbara ores. The project seeks to decarbonize the steel industry by utilizing renewable energy and direct reduced iron technology, with operations expected to commence by 2028.These developments highlight the dynamic nature of the global steel industry, with significant investments and policy decisions influencing market trends.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

Currently, the European steel industry is confronted with a number of significant challenges and obstacles. The regional economy is also influenced by these factors, in addition to the profits of businesses. In the article below, with AG真人游戏 Steel, we will learn about the difficulties and challenges that the European steel industry is experiencing as well as measures to help Europe overcome this situation.EU steel industry faces a massive import steel situationDifficulties facing the European steel industryThe European steel industry is currently facing a series of major challenges, mainly from external factors. One of the key factors is fierce competition from major steel-producing countries like China, as the country ramps up exports to clear its inventory. The domestic steel industry in this region suffers from the importation of numerous steel products into the European market.In addition, the region's energy prices have increased as a result of Russia's gas cutoff to Europe, and the unstable supply has made it challenging to maintain production. Insufficient energy costs have necessitated the closure of numerous factories in Europe. Furthermore, steel manufacturers are being compelled to invest in new technology as a result of the European Union's stringent environmental policies, which are designed to reduce carbon emissions.These challenges require the European steel industry to find innovative and adaptive solutions to maintain sustainable growth in the future.EU energy prices rise as Russia cuts supplyThe European steel industry faces significant difficulties and challengesThe European steel industry's challenges have a significant impact on the regional and global economies, in addition to the direct effects they have on businesses within the industry.Reduced profits and competitiveness: Large imported steel output causes domestic business to decline. These factors reduce competitiveness compared to imported steel products.Impact on the labor market: Job losses in the steel industry due to production contraction affect the regional economy.Reduce production capacity: Many steel mills in Europe have had to reduce production capacity or close down because they cannot maintain profitable operations.Europe is trying to reduce electricity demand by cutting production or even closing factoriesSolutions to help Europe overcome difficulties and challengesIn order to help the European steel industry overcome obstacles and challenges, it is necessary to implement comprehensive strategies and solutions. The European steel industry may be able to surmount this crisis by implementing the following strategies:Investing in manufacturing technology: Promote the implementation of carbon-neutral steelmaking technologies, including electric arc furnaces. Invest more in green manufacturing processes and renewable energy to mitigate long-term expenses.Interest rate reduction: Faced with difficulties, the European Central Bank (ECB) has cut interest rates to stimulate economic activity. However, many experts argue that additional reductions are necessary to support businesses.Cost optimization: Manufacturers need to optimize production and operating costs to compete with cheap imported steel sources.Use of trade protection measures: We should use trade protection measures to safeguard regional industries and guarantee fair competition in the market. However, these measures could cause trade tensions between China and European countries.These solutions not only assist the European steel industry in overcoming its current challenges, but also establish a strong foundation for future growth.The article on AG真人游戏 Steel has furnished you with information regarding the challenges that the European steel industry is currently encountering, as well as strategies that can assist the region in overcoming this crisis. It is my sincere hope that the aforementioned article has been of assistance to you. Follow AG真人游戏 Steel to receive timely updates regarding the steel market!

The "Weekly Steel Price Index 2024/12/07" provides key market trends and price movements in the global steel industry.AG真人游戏 Steel's expert team has carefully analyzed data to offer valuable insights on steel prices, helping businesses navigate the evolving market.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermViet NamHRCViet Nam524-525CFR VN 鈥� Feb/Mar shipmentChinaHRCViet Nam489-495CFR Viet Nam 鈥� Jan/Feb shipmentChinaHRCViet Nam495-498CFR Viet Nam 鈥� Jan/Feb shipmentChinaHRCViet Nam505-510CFR Viet Nam 鈥� Jan shipmentChinaHRCViet Nam500-510CFR Viet Nam 鈥� Jan/Feb shipmentChinaHRCViet Nam495CFR Viet Nam 鈥� Rolling gradeChinaWire rodViet Nam480-485CFR Viet Nam 鈥� Jan/Feb shipmentIndonesiaWire rodViet Nam485FOB 鈥� Feb shipmentChinaWire rodPhilippines480CFR Manila 鈥� Jan/Feb shipmentIndonesiaWire rodThailand510-515CFR Thailand 鈥� Feb shipmentChinaWire rodThailand480CFR Thailand 鈥� Jan/Feb shipmentIndiaHRCIndia550-560EXW Mumbai 鈥� Dec offerChinaHRCIndia490-495CFR Indian ports 鈥� Q195TurkeyHRCTurkey570-585EXW 鈥� Jan shipmentChinaHRCTurkey515-525CFR Turkey 鈥� Jan/Feb shipmentRussiaHRCTurkey533CFR Turkey 鈥� Jan/Feb shipmentChinaHRCGCC535-545CFR GCC ports 鈥� Jan/Feb shipmentChinaHRCGCC515-525CFR GCC ports 鈥� Jan shipmentIndiaHRCEU545-555CFR EU main ports 鈥� Feb shipmentTaiwanHRCEU550-555CFR EU main ports 鈥� Feb shipmentIndonesiaHRCEU545-550CFR EU main ports 鈥� Feb shipmentUSHRCUS826Jan/Feb shipmentMexicoHRCMexico733Delivered price 鈥� equivalent CFRAnti-dumping measures in different marketsEuropean Union (EU): The European Union has imposed anti-dumping measures on steel imports from several countries, including China, India, and Russia. The level of anti-dumping duties varies depending on the product and the market conditions. For example, the EU's anti-dumping duties on Chinese hot-rolled coil (HRC) can range from 30% to 40%, depending on the manufacturer and specific case. The EU periodically updates these rates as part of its ongoing trade investigations.United States (US): The US Department of Commerce and the US International Trade Commission (USITC) set anti-dumping duties on steel products, including hot-rolled coils, imported from countries like China, India, and others. The US has a history of imposing high AD duties, often exceeding 200% for certain Chinese steel products. For instance, anti-dumping duties on HRC from China can range from 30% to 256%, depending on the producer.WTO & Other Countries: The World Trade Organization (WTO) plays a role in resolving trade disputes related to anti-dumping measures. Countries like India, Turkey and Russia also impose anti-dumping duties on steel products, with duty rates typically ranging from 10% to 40%, depending on the market and product type. For example, anti-dumping duties on steel from India and Russia may range from 15% to 25%, while Turkey鈥檚 duties can be as low as 5% but may increase based on specific cases.Supply and demand in the steel industry:The steel market is currently witnessing intense competition between steel mills and distributors. This is primarily driven by the year-end situation, where distributors aim to reduce inventory before transitioning into the new year. This puts pressure on steel prices, especially in markets like the EU, where supply exceeds demand, leading to price reductions in the short term.The steel market in the EU is facing excess supply as steel distributors in the region are reducing year-end inventory. This has created price competition between manufacturers and distributors. The current transaction prices for HRC (Hot Rolled Coil) steel in the region range from 550-570 euro/mt, with actual transaction prices possibly being lower, around 520-530 euro/mt.The steel market in the US has seen a slight increase in steel prices, though it remains weak due to low market indicators. US steel producers like Nucor are maintaining a price of 750 USD/short ton (826 USD/mt) for HRC steel. However, this is just the spot price and may vary depending on market demand conditions.Steel producers in China are offering HRC steel at prices of around 489-495 USD/mt CFR to Southeast Asian countries like Vietnam, Indonesia, and the Philippines. This competitive pricing could pose challenges for local producers unless anti-dumping duties are effective in limiting Chinese steel imports.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

The Weekly Steel Price Index 2024/11/30 by AG真人游戏 Steel provides an in-depth overview of the latest steel prices, market fluctuations, and trade insights from key global markets. Stay informed with the most recent trends affecting the steel industry this week.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC 3mm baseViet Nam490-495CFR Viet Nam, end of Dec/Jan shipment, deal at 485ChinaQ235 HRCViet Nam495-500CFR Viet Nam, end of Dec/Jan shipmentChinaSAE1006 50% 2mmViet Nam505-510CFR Viet Nam, end of Dec/Jan shipmentKoreaSAE1006Viet Nam535CFR Viet Nam, Jan shipment, bids around 510-520JapanSAE1006Viet Nam535-540CFR Viet Nam, Jan shipment, bids around 510-520ChinaWire rodViet Nam485CFR Viet Nam, Jan shipmentIndonesiaWire rodViet Nam485-490FOB Indonesia, Jan shipmentIndonesiaWire rodThailand515CFR Thailand, Jan shipmentChinaWire rodPhilippines480CFR Manila, Jan shipmentIndiaHRCIndia559-564EXW Mumbai, IS2062/E250 BR gradeChinaHRCIndia490-495CFR Indian ports, commercial grades Q195TurkeyHRCTurkey580-600EXW Turkey, Dec/Jan shipment, discounts for large ordersChinaQ195 HRCTurkey515-525CFR Turkey, Jan shipmentRussiaHRC 1.9-4mmTurkey533CFR Turkey, Jan shipment, FOB Russia for Black Sea market: 495-500EUHRCEU600-610EXW Germany, Jan shipmentIndiaHRCEU545-555CFR EU main ports, Jan/Feb shipmentTaiwanHRCEU550-560CFR EU main ports, Jan/Feb shipmentKoreaHRCEU590-600CFR EU main ports, Jan/Feb shipmentJapanHRCEU565-570CFR EU main ports, Jan/Feb shipmentChinaHRCUS750 (spot price)EXW, Jan shipment, tradable price 738-760 USD/mtMexicoHRCMexico733Delivered price, equivalent 714 USD/mt CFRThe global steel market has seen significant fluctuations and developments over the past week. From price changes to trade barriers, here are the key highlights:Anti-dumping measures and trade barriersAnti-dumping measures continue to impact steel trade between key producing countries and import markets. In the European Union, steel imports from China, India, Russia and Japan are subject to varying levels of anti-dumping duties. Chinese mills, such as Han Steel and Shougang Jingtang, face duties ranging from 20.56% to 57.75%. Similarly, the EU has set preliminary dumping margins for Indian steel at 10-20% and for Russian steel at around 16%. These measures reflect ongoing concerns about unfair pricing and the protection of local industries in Europe.Demand fluctuations and market sentimentIn Europe, the steel market has been largely subdued due to weak demand and market uncertainties. A recent announcement by a major European car manufacturer regarding potential factory closures and layoffs has raised concerns about future demand for steel. As a result, the price spread between HRC and Hot-dip galvanized steel has narrowed. On the positive side, North European mills have already sold out their December-delivery materials, with January shipments now available. However, restocking efforts remain sluggish across much of Europe, particularly in Southern Europe, where mills are releasing higher prices for Q1 2025.Developments in U.S. Steel MarketIn the United States, steel prices remain robust, particularly in the domestic market. There are discussions around potential tariffs, as President-elect Donald Trump has pledged to increase tariffs on steel imports from Mexico, Canada, and China, which could have a significant impact on steel costs for U.S. businesses and consumers.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

The Weekly Steel Price Index 20241123 report by AG真人游戏 Steel highlights significant trends and developments shaping the global steel market this week.With fluctuations driven by anti-dumping measures, tariff adjustments, and evolving supply-demand dynamics, the report provides a detailed overview of key players, price changes and strategic advantages. Dive into this comprehensive analysis to stay informed about the latest movements in the steel industry.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC of 3mm baseViet Nam492-497CFR Viet Nam 鈥� end of Dec/Jan shipmentChinaQ235 HRCViet Nam497-500CFR Viet Nam 鈥� end of Dec/Jan shipmentChinaSAE1006 50% 2mmViet Nam507-510CFR Viet Nam 鈥� end of Dec/Jan shipmentKoreaSAE1006Viet Nam535CFR Viet Nam 鈥� Jan shipmentJapanSAE1006Viet Nam540CFR Viet Nam 鈥� Jan shipmentIndonesiaWire rodThai Lan515CFR Thai Lan 鈥� Jan shipmentChinaWire rod ad boronThai Lan495-498CFR Thai Lan 鈥� Jan shipmentMalaysiaWire rodThai Lan515-520CFR Thai Lan 鈥� Jan shipmentChinaWire rodManila480-485CFR Manila 鈥� Jan shipmentIndiaHRC IS2062/E250 BR gradeDomestic568-585EXW MumbaiChinaHRC commercial gradesIndia515-520CFR Indian portsTurkeyHRCDomestic580-610EXW Turkey 鈥� Dec/Jan shipmentChinaQ195 2nd tier millsTurkey515-525CFR Turkey 鈥� Jan shipmentRussiaHRC 1.9-4mmTurkey535CFR Turkey 鈥� Jan shipmentIndiaHRC SAE1006 re-rollingGCC565CFR GCC port 鈥� early Jan shipmentJapanHRC S235JRGCC560-565CFR GCC port 鈥� Jan shipmentEUHRCDomestic625-645EXW Germany 鈥� Jan shipmentUSHRCDomestic750EXW US 鈥� Dec/Jan shipmentMexicoHRCDomestic734Delivered priceImpacted by trade defense measures and global supply chain disruptions, steel prices in November 2024 showed a slight upward trend. However, Vietnam's competitive edge in tariffs and product quality ensures that its steel remains highly competitive in the international market.Turkey: Implemented preliminary anti-dumping duties on hot-rolled coil (HRC) imports from China, India, Russia and Japan, with duties ranging from 4.7% to 57.75%, depending on the exporting country and company.EU: Enforced anti-dumping measures on HRC imports from Egypt, Japan, India, and Vietnam, with dumping margins between 5% and 40%, and injury elimination duties reaching up to 34.7%.United States: Requires steel imports from Mexico to be melted and poured in Mexico, Canada or the U.S. to qualify for Section 232 exemptions. This policy imposes a 25% tariff on steel originating from outside North America that is transshipped through Mexico.Despite facing some anti-dumping measures, Vietnam maintains lower tariffs compared to many other countries. For instance, the EU imposes anti-dumping duties on Vietnamese HRC ranging from 5% to 15%, significantly lower than duties applied to countries like China and India.Additionally, Vietnam has signed several free trade agreements (FTAs) with major partners such as the EU, Japan, and South Korea. These agreements reduce or exempt import tariffs on various steel products, providing a competitive advantage for Vietnamese steel in the global market. This makes Vietnam an attractive source for international businesses seeking to benefit from tariff preferences and cost savings.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

Hot rolled and cold rolled steel are both important raw materials in the production of many types of finished steel products. So what are hot rolled vs cold rolled steel? What is the difference between these two types of rolled steel and what are the applications of these two types of rolled steel?Let's explore more deeply with AG真人游戏 Steel about the basic knowledge of hot rolled & cold rolled steel as well as the benefits it brings to businesses in many different fields through the article content below.Let's learn more about hot rolled steel and cold rolled steelLearn about hot rolled and cold rolled steelHot rolled and cold rolled steel are important raw materials in the steel production process. Both types of steel are metals whose production requires high technical skills and solid expertise. Next, let's learn about hot rolled steel vs cold rolled steel.What is hot rolled steel?Hot rolled steel is a type of steel produced through a hot rolling process at high temperatures, often exceeding 1000掳C. This process can change the material and shape of the metal. Hot rolled steel products are often dark green, less shiny and lack aesthetics.Hot rolled steel are usually produced at high temperaturesWhat is cold rolled steel?Cold rolled steel is essentially a hot rolled steel that has been cooled and re-rolled at room temperature. After going through the process of gradually reducing the length of the cold rolled steel, it has appropriate dimensions and smooth surface quality. Because it goes through many processing processes, cold rolled steel often has a higher price than hot rolled steel, so product quality as well as aesthetics are also highly appreciated compared to hot rolled steel.Cold rolled steel has a smoother surface than hot rolled steelDifference between Hot-rolled and Cold-rolled steelTo distinguish between hot rolled and cold rolled steel, in addition to learning about the nature through the definition of each type of steel coil mentioned above, we need to differentiate through factors such as the normal thickness, price of each type, surface, and edge of the steel coil. In addition, we can consider additional factors such as tolerance, accuracy, and storage method of each type of steel coil. Let's see the differences between these two types of rolled steel through the table below.Table comparing the differences between hot rolled steel and cold rolled steelComparison criteriaHot-rolled steelCold-rolled steel Thickness>0,9 mm0,15mm - 2,0mmSurface, colorThe surface is rough, the blue-gray color turns rusty red after a long timeSmooth surface, light gray colorEdgeThe two edges of the roll are often rounded, rough, and turn rusty when left for a long timeUsually neatly trimmedTolerance The tolerance is larger due to the production process; the hot temperature cools down, so the steel deforms itself and cannot be controlledTolerances are tighter due to reduced temperatures throughout the process and strict control of the coolant actionPrice Cheaper than cold rolled steelHigher than hot rolled steelPreservationHot-rolled steel coils can be left outdoors for long periods of time without using coveringsShould be stored indoors and should be covered with a cover to prevent scratches on the steel surface.Advantages and disadvantages of hot rolled and cold rolled steelEach type of steel will have its own advantages and disadvantages. Let's learn about the advantages and disadvantages of hot rolled and cold rolled steel through the table below.Advantages and disadvantages of hot rolled steel and cold rolled steelCriteriaHot-rolled steelCold-rolled steel AdvantagesEasy to bend, easy to shapeSo Easy To PreserveGood bearing capacityLower price than cold rolled steelThe quality of the finished product is consistentThe surface is highly aestheticHigh durability and hardnessHigh accuracyDisadvantagesLow aestheticsDifficult to control size and shapeEasy to rustThe price is higher than hot rolled steelApplications of hot rolled and cold rolled steelHot-rolled and cold-rolled steel are two dominant types of steel on the market today. In addition to being commonly used in steel production, hot rolled vs. cold rolled steel are also indispensable materials for the production of many popular civil products today.Hot rolled steel is an indispensable raw material source in the steel production process. In addition to being a source of raw materials for the production of cold rolled steel, hot rolled steel is also used to serve the construction, mechanical, transportation, household appliances, and other industries that use billets, beams, and H-shaped steel.Cold rolled steel is mainly used to produce products such as steel sheets and galvanized steel coils with square and round details and smooth surfaces. Cold rolled steel has high aesthetics and precision, so they are often used in technical and aesthetic projects such as manufacturing cars, air conditioners, refrigerators, food containers, televisions,...Galvanized steel pipe is one of the applications of hot rolled steelWhere should you buy hot rolled steel and cold rolled steel?Hot rolled and cold rolled steel are used in many fields. Therefore, businesses should choose products with good quality and according to standards to ensure quality. Currently, there are many units supplying hot rolled vs cold rolled steel in the Vietnamese market.AG真人游戏 Steel is one of the units chosen and highly appreciated by many customers for many years. Steel products provided by AG真人游戏 Steel are all standard quality products that do not rust, yellow, or warp. AG真人游戏 Steel has provided you with information about hot rolled and cold rolled steel. If you have any questions or request a quote for steel products that need us to answer, please contact us!

The global steel market has seen significant price fluctuations, driven by anti-dumping measures and supply-demand changes. The steel price index week 2024/11/08-15 has been influenced by countries like China, India, Turkey,...AG真人游戏 Steel鈥檚 weekly report provides key insights into these shifts and their effects on pricing across various regions, including Europe and the US.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC 3mmViet Nam492-495CFR Viet Nam 鈥� End of Dec/Jan shipmentChinaQ235 HRCViet Nam495-500CFR Viet Nam 鈥� End of Dec/Jan shipmentChinaSAE1006 50% 2mmViet Nam512CFR Viet Nam 鈥� End of Dec/Jan shipmentChinaSAE1006 50% 2mmViet Nam510-515, 530CFR Viet Nam 鈥� End of Dec/Jan shipmentKoreaSAE1006Viet Nam535CFR Viet Nam 鈥� Jan shipmentJapanSAE1006Viet Nam540CFR Viet Nam 鈥� Jan shipmentChinaWire rodViet Nam485CFR Viet Nam 鈥� Jan shipmentIndonesiaWire rodViet Nam495FOB 鈥� Jan shipmentIndonesiaWire rodThailand515CFR Thailand 鈥� Jan shipmentChinaWire rod BoronThailand505-510CFR Thailand 鈥� Jan shipmentMalaysiaWire rodThailand510CFR Thailand 鈥� Jan shipmentChinaWire rodPhilippines490-495CFR Manila 鈥� Jan shipmentChinaHRCIndonesia550CFR Indonesia 鈥� Jan/Feb shipmentIndiaHRCIndia568-585EXW Mumbai 鈥� IS2062/E250 BR gradeChinaHRCIndia520-525CFR Indian ports 鈥� Commercial gradesTurkeyHRCTurkey580-620EXW Turkey 鈥� Dec/Jan shipmentChinaQ195 HRCTurkey522-527CFR Turkey 鈥� Jan shipmentRussiaHRC 1.9-4mmTurkey530-540CFR Turkey 鈥� Jan shipmentIndiaHRCGCC570-575CFR GCC ports 鈥� Jan shipmentChinaHRCGCC535-540CFR GCC ports 鈥� Jan shipmentEUHRCNorth Europe580-600EXW Germany 鈥� Dec shipmentEUHRCSouth Europe560-570EXW Italy 鈥� Dec shipmentTurkeyHRCEU580-600CFR EU main port 鈥� Jan shipmentIndiaHRCEU545-555CFR EU main ports 鈥� Jan shipmentTaiwanHRCEU560-570CFR EU main ports 鈥� Jan shipmentKoreaHRCEU570-575CFR EU main ports 鈥� Jan shipmentJapanHRCEU565-570CFR EU main ports 鈥� Jan shipmentUSHRCUS750Consumer spot price 鈥� End of Dec/Jan shipmentMexicoHRCMexico733-750Delivered price 鈥� Jan shipmentJapanHRCMexico620-640CFR Mexico 鈥� Jan shipmentViet NamHRCMexico600CFR Altamira 鈥� Jan/Feb shipmentIn the past week, steel prices on the international market have experienced significant fluctuations, largely influenced by anti-dumping factors and supply-demand dynamics. The price tables from major steel-producing countries such as China, India and Turkey have shown considerable adjustments, especially in the European and American regions.ChinaChina is currently one of the countries most affected by anti-dumping duties due to the massive export of cheap steel. Antidumping duties on Chinese HRC and other steel products from China can reach up to 48.49% for companies such as Han Steel Group and 37.22% for Rizhao Steel. These high duties are increasing the cost of importing steel into major markets like the EU and the US, thereby driving up steel prices in these regions.These high antidumping duties have pushed domestic producers in importing markets like Europe and the US to seek alternative supplies from Vietnam and India, which has led to a significant rise in steel prices in the region.IndiaIndia, one of the world's largest steel producers, is also affected by anti-dumping measures. Anti-dumping duties ranging from 10% to 20% are being imposed on steel products exported by JSW and Tata Steel to markets such as the EU. These measures aim to mitigate the impact of cheap imported steel and protect domestic steel producers in importing countries.TurkeyTurkey is also impacted by anti-dumping measures from the EU, with duties ranging from 5% to 7.3% on HRC products. Although these duties are not as high as those imposed on China, their impact still increases the cost of steel imports.This duty burden forces Turkish exporters to adjust their prices to maintain competitiveness in the international market, which has led to a slight increase in steel prices in the EU and other regions over the past week.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.