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On February 28, 2025, the South Korean Ministry of Trade, Industry and Energy (MOTIE) decided to initiate an anti-dumping investigation into HRC imported from China and Japan. This decision was made based on a petition from domestic steel mills.For more information about the incident, follow the article below by AG真人游戏 Group.Steel imports from China and Japan are under investigationDetails of the incidentPlaintiff: Hyundai Steel Co., LtdDefendant: Japan: JFE Shoji Corporation, Nippon Steel Trading Corporation, Sumitomo Corporation Global Metals Co., Ltd., Dongkuk Corporation, Seah Japan Co,. Ltd, Young Steel Co,.Ltd.China: Benxi Iron and Steel Group International Economic and Trading Co,. Ltd., Dalian Woo Ho Hongkong International Ltd., Howa Trading Co,. Ltd., Sharpmap International Hongkong Co,. Lt膽, and Sino Commodities International Pte,. Ltd.Items under investigation: Hot-rolled coilHS code: The products in question fall under the Harmonized Tariff Schedule of Korea numbers HSK: 7208101000, 7208109000, 7208251000, 7208259000, 7208261000, 7208269000, 7208271000, 7208279000, 7208361000, 7208369000, 7208371000, 7208379000, 7208381000, 7208389000, 7208391000, 7208399000, 7208400000, 7208531000, 7208539000, 7208541000, 7208549000, 7208900000, 7211130000, 7211141000, 7211149000, 7211191000, 7211199000, 7225301000, 7225309010, 7225309091, 7225309092, 7225401000, 7225309099, 7225409092, 7226200000, 7226911000, 7226912000 v脿 7226919000.The plaintiff in the case is Hyundai Steel Co,.LtdWhy does Korea impose tariffs on Japan and China? South Korea decided to investigate and possibly impose anti-dumping duties on HRC imported from Japan and China for the following main reasons:Dumping damages the domestic steel industryIn the petition, Hyundai Steel claimed that hot-rolled coil from Japan and China was priced 10-30% lower than the prices of Hyundai Steel's and POSCO's own products. This puts pressure on prices and profits at domestic manufacturing enterprises.Protect domestic industryThe steel industry is a strategic industry in Korea, contributing greatly to the economy and employment. Importing cheap steel in large quantities could make domestic producers unable to compete, leading to a decline in production. Specifically, according to information from the Korea Steel Association, from January 2024 to November 2024, Korea imported 3.43 million tons HRC, of which China was 1.53 million tons and Japan was 1.77 million tons, accounting for a total of 96.2% of total imports.Increased inventory and decreased profitsCheap steel from China and Japan is flooding the Korean market, causing domestic inventories to rise. This reduces revenue and forces businesses to reduce prices, directly affecting profit margin.Korea's steel industry is under threatWhat opportunities are there for Vietnam's steel industry?South Korea's investigation and the possible imposition of anti-dumping duties on HRC from Japan and China could open up many opportunities for the Vietnam steel industry.Increase steel exports to South KoreaIf anti-dumping duties are imposed, steel from China and Japan will become pricier in South Korea. This is an opportunity for Vietnamese steel enterprises to increase exports to this market with more competitive price advantages. Steel products that can be concentrated include hot-rolled coil, cold rolled coil, and galvanized steel coil.Expanding market share in Southeast AsiaChina may increase exports to Southeast Asian nations as a result of restrictions in South Korea. If Vietnam maintains and expands trade defense measures such as the recently applied anti-dumping duty, domestic enterprises can gain an advantage at home and in the region.Vietnam may increase exports to South Korea as China and Japan face tariffsOpportunities to increase domestic supply chainsIf it reduces its dependence on imported steel, the Vietnam steel industry can expand its domestic supply chain, from raw materials to finished products. This trait also helps reduce the risk of trade defense measures from abroad.Vietnam can take advantage of opportunities to boost exports hot-rolled coil to the Korean market. However, it also comes with significant challenges:Price competition: This is not only an opportunity for Vietnam but also for other countries in the region. Countries with low production costs will have a more competitive price advantage.Quality requirements: Korea and developed countries require high-quality standards, requiring Vietnam to invest more heavily in production technology.Sources of raw materials: Vietnam's steel production still relies heavily on imported materials, which puts pressure on costs.The article on AG真人游戏 Group has provided you with the latest information about the case of Korea conducting an anti-dumping duty investigation against China and Japan. Stay tuned to AG真人游戏 for the latest updates on the incident.

Recently, South Korea has officially imposed anti-dumping duty on steel plates imported from China. This choice was made in light of China's low-cost steel, which severely strained the domestic steel mills and compelled the government of South Korea to take action to safeguard indigenous companies.To know more about the incident, please follow AG真人游戏 Group through the article below.South Korea has officially imposed anti-dumping duty on steel platesReasons for South Korea's anti-dumping duty on China steel platesRecently, China has boosted steel plates exports at low prices, causing many countries to worry about the risk of dumping. In addition to causing significant pressure on Korean steel mills, the result also upsets the market and fosters an unfair competitive environment.Following an examination, the South Korean government came to the conclusion that the domestic steel industry was suffering greatly as a result of steel plates imported from China being sold for less than its true value. Therefore, the country has decided to impose an anti-dumping duty to limit negative impacts and protect domestic enterprises. Chinese steel plates is being dumped in the Korean marketAnti-dumping duty on Chinese steel platesBased on a report from the Korea International Trade Association, anti-dumping duty will be applied to each Chinese enterprise depending on the level of violation. Specifically:China Baowu Steel Group: 27.91%Shagang Group: 29.62%Hunan Valin Xiangtan Iron & Steel and Xiamen ITG Holding: 38.02%Others: 31.69%According to the findings of a preliminary inquiry, there were "sufficient grounds" to infer that dumped imports had seriously harmed the domestic industry, according to The Ministry of Trade, Industry & Energy. Steel mills with serious violations may be subject to higher taxes to minimize negative impacts on the Korean steel industry.An anti-dumping duty will be applied to each enterpriseForecasting steel market trends in the coming timeThe imposition of anti-dumping duty on steel plates from China may help maintain stability in steel prices in the Korean market, but at the same time it will affect supply. A significant step in assisting South Korea in shielding its domestic industry from the pressures of cheap steel is the decision to put anti-dumping tariffs on China steel plates. But this action also poses serious problems for the world steel market, requiring companies to swiftly modify their plans in order to respond to changes in global commerce.The steel industry in China has challengesWhere is the opportunity for Vietnam's steel industry?South Korea's imposition of anti-dumping duty on China steel plates could create many opportunities for Vietnam's steel industry, including:Expanding export market share to KoreaMany Vietnam steel mills are seizing the chance to increase their market share in this industry as a result of South Korea's high tariffs on China steel plates. Vietnam steel can boost exports to South Korea with tariff benefits from trade agreements and product quality.Improve competitivenessVietnamese enterprises can upgrade production technology to improve steel quality to meet Korean standards. Expanding capacity and diversifying products will help reduce dependence on supplies from China, creating a sustainable competitive advantage.Opportunities for collaboration and investment attractivenessKorean steel mills can cooperate with Vietnam partners to maintain stable supply while expanding investment opportunities. Vietnam also has the potential to attract FDI from international steel mills wanting to build manufacturing plants to mitigate the impact of trade barriers.Stabilize selling prices and reduce competitive pressureReducing imports of cheap steel from China helps reduce fierce competition in the regional steel market. Vietnamese enterprises can adjust their selling prices more reasonably and are not under competitive pressure from Chinese steel.Vietnam must take advantage of Korea's anti-dumping of China steel platesProtectionist trade trends may bring long-term advantagesIf many other countries also apply similar measures as Korea, Vietnam's steel industry can benefit when exporting to markets apart from Korea. This is an opportunity for Vietnam to build its own steel brand, creating a sustainable competitive position in the international market.However, to take advantage of these opportunities, Vietnamese enterprises need to improve product quality, optimize production costs, and ensure compliance with international standards.The above article has provided you with the latest information on South Korea's imposition of anti-dumping duty on Chinese steel products, as well as the impact of this policy on the regional steel market and opportunities for Vietnam steel mills. Follow AG真人游戏 Group on a regular basis to stay up to date on global steel market news.

Recently, on February 21, 2025, the Ministry of Industry and Trade issued a decision to apply a temporary anti dumping duty on some hot - rolled coil (HRC) products imported from China. The range of relevant duty rates is 19.38% to 27.83%.For a more thorough analysis of the situation, read the article from AG真人游戏 Steel below.Vietnam imposes an anti-dumping duty on Chinese HRCBackground and causes of the incidentItems under investigation: Hot-rolled coil HS Code: 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52.00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.30.90, 7225.40.90, 7225.99.90, 7226.91.10, 7226.91.90Plaintiff: Hoa Phat Group and Formosa Ha Tinh Steel CorporationPeriod of investigation: 26/7/2024Duty decision date: 21/02/2025Cheap imported steel damages the domestic steel industryDetails of the duty decisionThe duty rates applicable to Chinese enterprises are as follows:Baoshan Iron & Steel, Maanshan Iron & Steel: 27,83%Guangxi Liuzhou Iron and Steel Group: 19,38%.The Ministry of Industry and Trade collaborated with pertinent organizations throughout the inquiry to examine and evaluate the effects of dumping on the domestic manufacturing industry. The agency also investigated the level of dumping by Indian and Chinese exporters. According to the investigation's findings, HRC steel from India is exempt from anti-dumping duty because the country's import rate is so low, less than 3% despite the evidence of dumping. The application period is 120 days from the date of effect, and the provisional anti-dumping duty goes into force 15 days after the decision is made. Following the implementation of interim anti-dumping levies, the Ministry of Industry and Trade will keep collaborating with pertinent stakeholders to gather and validate data. It is believed that a temporary anti-dumping tariff must be implemented in order to shield the domestic steel industry from pressure from low-cost imported steel.The duty takes effect after 15 days and is applicable for 120 daysImpact of this decisionFor domestic steel millsSafeguard domestic steel mills: Enterprises such as Hoa Phat Group and Formosa Ha Tinh Corporation will benefit when cheap steel imports from China are restricted. This helps to reduce unfair competition and promote the development of domestic enterprises.Increasing domestic output: Domestic steel mills are encouraged to invest in increasing output and raising the caliber of their products when the importation of steel products declines. Additionally, growing output lessens reliance on imports, improving Vietnam's steel industry initiative. For Vietnam steel industryStabilize prices, reduce cheap steel imports: Vietnam's market prices have fallen precipitously as a result of cheap imported steel products from China, making it challenging for local mills to compete. By stabilizing steel prices, tariffs could improve profit margins for domestic steel mills. Effects on mills that use HRC as a source of input: The implementation of an anti-dumping tariffs on China has restricted the supply of low-cost steel, which has raised production costs and product prices for mills such as Hoa Sen, Ton Dong A, Nam Kim, and others that use HRC as input materials. For Chinese steel millsVietnam is one of the important markets for hot-rolled coils from China. According to 2024 customs data, the amount of HRC imported from China to Vietnam exceeded 10 million tons. However, with anti-dumping duty rates ranging from 19.38% to 27.83%, the competitiveness of Chinese steel in the Vietnamese market has significantly decreased compared to domestically produced products or products imported from other countries.In addition, along with the risk of trade retaliation, China may apply retaliatory measures, such as increasing duties or tightening imports of goods from Vietnam, especially raw materials or other steel products.China's supply chain is impacted by tariffsThe most recent details regarding Vietnam's anti-dumping tariffs on HRC steel imports from China and India may be found in the article on AG真人游戏 Group. Follow me to regularly update new information about the world steel market.

On February 17, 2025, the Trade Remedies Authority of Vietnam received information that the International Trade Administration Commission of South Africa (ITAC) had officially initiated a safeguard investigation on imported corrosion resistant steel coil. Initiation was chosen in order to safeguard the steel industry against unfair competition.Please read the article below and join AG真人游戏 Steel to get more information.Anti corrosion steel coil is being investigated by trade safeguardOverview of the incidentItems under investigation: Corrosion resistant steel coilSouth Africa imports commodity codes: 72106120, 72106130, 72259225, and 72259235.Plaintiff: ArcelorMittal South Africa Limited (AMSA)Initiation Date: February 3, 2025Period of investigation: May 1, 2021 - April 30, 2024Corrosion resistant steel coil is the item under investigationDetails of the incidentThe plaintiff claims that unexpected changes during the Uruguay Round discussions (1986 - 1994) were the cause of the sharp rise of imported steel. In particular, tariff changes brought about by the division of steel into two distinct HS codes alloy steel (HS 7220) and non-alloy steel (HS 7208), have resulted in an abrupt rise in import production. Furthermore, the Southern African Customs Union (SACU), which has five members (South Africa, Botswana, Lesotho, Namibia, and Swaziland), are under a lot of strain due to the global overabundance of anti corrosion steel coil, particularly from China.The plaintiffs also cited research and other arguments that demonstrate China has not developed into a fully market economy as promised to WTO members during earlier talks. Additionally, China's economy has been steadily declining since 1994, and major steel companies have increased production and exports, resulting in excess. Due to a decreasing domestic steel market and indicators of slowing economic growth, China has been forced to increase exports in order to address the excess issue. In order to safeguard domestic steel production, this forces nations to strengthen trade defenses. Additionally, throughout the period from May 1, 2022, to April 30, 2024, the petition highlighted indicators indicating the domestic manufacturing sector is experiencing significant harm, including a decline in output, revenue,South Africa imports more steel than ever beforeInvestigation procedureManufacturing and exporting enterprises are obliged to register as related parties. The registration deadline is February 3, 2025, which is 20 days from the date the investigation was started. Following the start of the investigation, relevant manufacturing and exporting businesses have 20 days to provide feedback on the matter and request consultation. All relevant documents should be submitted to the following address:Submit directly: Trade Remedies I, International Trade Administration Commission, Block E - DTI Campus, 77 Meintjies Street, Sunnyside Pretoria, Block Uuzaji, Ground Floor.Postal address: Trade Remedies I, Private Bag X753, Pretoria, 0001, South Africa. Tel: +27 12 394 3600Fax: +27 12 394 0518Alternatively, interested parties may also contact the responsible officers directly: Mr. Busman Makakola at [email protected] and Ms. Mosa Sebe at [email protected] the investigation progresses, ITAC will publish preliminary and final findings, conduct on-site inspections, and hold hearings to confirm information in order to support decisions about evasion, harm to domestic industry.As linked parties, businesses must registerNotes for Vietnamese businesses before this incidentFaced with this issue, the Trade Remedies Authority of Vietnam (The Ministry of Industry and Trade - MOIT, Vietnamese) suggests that Vietnam steel mills selling anti corrosion steel coil to South Africa should note:Keep a close eye on the case: To ensure prompt reaction strategies, update information about the investigative process.Complete cooperation with ITAC: To protect rights and prevent being subject to disadvantageous duty rates, provide records and documentation as needed.Find new market opportunities: If South Africa implements safeguards, evaluate the potential for growth into other markets to reduce risks.Increase Competitiveness: In the face of rising trade obstacles, retain export advantages by optimizing production costs and improving product quality. South Africa's application of trade defense measures greatly affects the economic situation of businesses, so businesses need to be proactive and cooperate closely with management agencies and regularly provide and exchange information with The Ministry of Industry and Trade to receive timely support.Vietnam steel mills need to closely monitor the case's progressThe article on AG真人游戏 Group has provided you with the latest information on the incident of South Africa initiating an anti dumping investigation on corrosion resistant steel coil. Follow AG真人游戏, we will continuously update information about the incident. 

The world steel market has always been one of the most competitive markets. With the strong development of the steel industry in many countries, the US recently decided to impose a 25% duty on imported steel, a move that could open up great opportunities for Vietnam steel enterprises.To learn more about the prospects that the Vietnam steel industry can take advantage of in the future, read the article below from AG真人游戏 Steel.A wave of US duties is affecting the global steel marketThe effects of US tariffs on the global steel industryThe US recently levied a 25% duty on steel imports. This choice was taken in order to shield the homegrown steel industry from intense competition from low-cost steel suppliers. This policy not only affects countries with developed steel industries but also affects the global steel industry. The imposition of tariffs will make steel more expensive, reducing competitiveness in the US market. This will lead to some steel importers looking for more cost-effective sources, which could alter the global supply chain.US tariffs will make steel more expensiveWhat opportunities for Vietnam's steel industry?As the US imposes a 25% duty on imported steel products, Vietnam's steel industry can take advantage of some great opportunities to expand its market and increase exports.Growth in exports to the US market: Vietnam is one of the leading steel-producing countries with low production costs, enabling Vietnam steel products to have more competitive prices than competitors. This is a key factor that helps Vietnam steel enterprises compete directly with other countries in exporting to the US.Promote technological innovation and product quality: The US decision to impose high tariffs may force steel exporters from other countries to seek new markets. Vietnam steel can take advantage of this opportunity to increase exports not only to the US but also to other countries affected by US tariffs, thereby contributing to expanding its global market share.Encourage investment and development of the domestic steel industry: To meet the strict requirements of the US market, Vietnam steel enterprises need to improve product quality and improve production processes. This will not only help satisfy the needs of customers in the US but also open up opportunities for Vietnam steel to reach other international markets, especially those with high standards.Vietnam can take advantage of available opportunities to boost exports to the USCompetitive advantages of Vietnam's steel industryCompetitive production costs: Vietnam's labor costs are still far lower than those of steel-producing giants like China, Japan, and South Korea. This gives domestic businesses a competitive price edge in the global market by enabling them to drastically cut production costs.Convenient geographical location: Vietnam's advantageous geographic location next to major markets like China, Asean, India, and Japan helps companies export steel at a lower cost of transportation. Furthermore, importing raw materials and exporting goods to other countries is made easier by the contemporary and growing seaport network.Free Trade Agreement: Due to its membership in numerous significant trade agreements, including the RCEP, CPTPP, EVFTA,... Vietnam has advantageous conditions for the export of steel. Domestic businesses benefit from preferential duty rates as a result of these accords, which makes Vietnam steel products more competitive when compared to nations without such advantages.Product quality is increasingly improving: Significant technological advancements have helped Vietnam steel industry meet international standards and increase product quality. Numerous domestic businesses have been successful in producing high-quality steel that is suitable for export to markets with significant demand, like the US and Europe.Products are increasingly improving in qualityChallenges and strategies to seize opportunitiesVietnam steel mills have numerous obstacles while trying to break into the US market, despite the abundance of prospects. Both adherence to import laws and extremely high standards of quality are necessary in this industry. Vietnam steel mills must thus concentrate on raising their level of competitiveness and increasing the quality of their products. Additionally, companies must thoroughly research US import and tariff laws to minimize needless risks. The opportunities and difficulties that the Vietnam steel industry faces when the US levies a 25% duty on imported steel products have been briefly discussed in the article on AG真人游戏 Steel. Please get in touch with us if you need to buy premium steel products. AG真人游戏 Group is always available to help and guide you in selecting the product that best meets your needs.

The decision to impose tariffs on all steel imports to the US was made by President Donald Trump. The purpose of this action was to reduce reliance on imported steel and safeguard the indigenous steel production sector. But this choice has also sparked worries about a world trade war. These changes have the potential to impact numerous other economic sectors in addition to the steel industry.You can read more about this event in detail in the article that follows. For a better understanding of relevant developments, please follow AG真人游戏.Donald Trump makes the decision to duty all steel importsImported steel under duty pressure from the United StatesA deal that would impose tariffs on all nations that import steel into the US was just signed by US President Donald Trump. Therefore, exclusions and duty-free quotas for significant suppliers like Canada, Mexico, Brazil, and other nations are eliminated, and the imposed duty rate is 25%. The action is regarded as a watershed in the improvement of US trade policy and was a campaign pledge made by Donald Trump. Furthermore, President Trump made hints that he would think about enacting more tariffs on computer chips, pharmaceuticals, and cars. To reduce the amount of Chinese steel products that are imported into the US, the US will also impose new rules that require imported steel products to be "melted and poured" in addition to additional duties.Prior to this, in 2018, Donald Trump levied a 25% tariff on steel imports during his first term. Nonetheless, a few nations that trade with the United States, like Canada, Mexico, and Brazil, have been given tariff-free quotas for these goods. Since Biden took office, the UK, Japan, and other EU nations have been included in this quota. The domestic steel sector has suffered in recent years as the US steel mills reduced capacity due to this limitation. According to government statistics from the American Iron and Steel Institute, the top four countries from which the United States imports steel are Canada, Brazil, Mexico, and Vietnam. The tariffs are intended to improve national security, lessen reliance on imports, and safeguard the domestic steel sector. There are worries that nations would react against President Trump tariff policies, plunging the economy into a trade war. According to a February Reuters survey, U.S. consumer confidence dropped to its lowest level in seven months as respondents began to fear higher inflation as a result of tariffs.Imported steel under tax pressure from the United StatesWhat happens if steel products are subject to tariffs from the US?For the production of automobiles, aircraft, and buildings, steel is considered a crucial raw element. There will be numerous significant effects if the US levies a 25% tariff on steel imports:Increase product price: The chance to raise steel pricing will be available to domestic steel producers. This would raise the price of steel products in the US, which would have an impact on steel-dependent businesses, including construction, industrial manufacture, and automobiles. Negative impact on steel-dependent industries: Steel-using companies and industries will have to pay more, which may result in lower output, fewer jobs, or higher final product prices.Encourage domestic production: In order to lessen reliance on imported steel, this policy may incentivize indigenous steel companies to increase their output and make investments.While the purpose of this policy is to protect domestic industries, the decision could also have unintended consequences for the US economy. You learned about the increased duties the US is putting on imported steel products from the story on AG真人游戏. To read the most recent news about the steel business, follow AG真人游戏.

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.

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.

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.