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voda 16 januari 2020 16:46

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Mr George Argunov Appointed as Director of Severstal Engineering Companies

PAO Severstal has reported personnel changes in the Mashinostroyenie industry team. Since January 1, Georgy Argunov has been appointed director of work with engineering companies. Under the leadership of George, who has the necessary managerial and professional competencies, the division will continue to be responsible for developing the business and increasing sales to the automotive and machine-building sectors, as well as to manufacturers of household appliances and industrial packaging.

Georgy Argunov was born in 1985 in Moscow. In 2007 he graduated from Moscow State Technical University named after N.E. Bauman (National Research University) majoring in Quality Control and Certification. Since 2014, George has worked at McKinsey, an international consulting company. In the period from 2014 to 2016, he led a number of projects in Russia, Kazakhstan and Switzerland from 2016 to 2018 he was engaged in projects in the field of FMCG, construction and transport industries. From 2018 to 2019, he focused on transformational projects for industrial companies, including Severstal.

Source : Strategic Research Institute

voda 16 januari 2020 16:47

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MMK Retains Top Positions in Rating of Producers of Flat and Coated Steel

The influential industry magazine Metal Supply and Sales has named Magnitogorsk Iron and Steel Works first among Russian producers of flat products. The magazine Metal Supply and Sales has published its traditional rating of the leading metallurgical companies in the second half of 2019, where PJSC MMK once again took first place among Russian producers of flat products. Thanks to the modern high-performance rolling mills launched at the plant over the last two decades, which focus on the production of high-quality flat products in high-margin segments, the Company is a leader in the production of both hot-rolled and cold-rolled products, the plant accounts for one-third of cold-rolled products in the Russian ferrous metals industry.

The Company also continues to hold first place in the section of the rating dedicated to producers of galvanised and coated metal. MMK devotes particular attention to the development of this sphere of production: currently, MMK has three continuous hot-dip galvanising lines and two polymer coating units. In addition, the cold-rolling unit Mill 2000 complex includes a combined continuous annealing/hot-dip galvanizing unit and a CGL. The Company is also a leader in the tinplate market.

MMK Group is consistently expanding its range of manufactured steel products, thanks in part to the use of MMK Lysva Metallurgical Plant's equipment to produce electro-galvanised rolled products and premium products with a polymer coating, produced under the SteelArt and Moire brands. These products consist of a metal base with a three-layer polymer coating, which accurately imitates the look and feel of natural materials – including stone, wood and brick – while at the same time ensuring a light-weight product with a lower cost of installation.

In addition, two more companies from MMK Group were included in the rating by Metal Supply and Sales magazine for the second half of 2019. Magnitogorsk Metalware and Calibration Plant MMK-Metiz entered the top three manufacturers of metalware products, and MMK Trading House retained second place in the list of the best trading houses of steel mills.

Source : Strategic Research Institute

voda 17 januari 2020 14:29

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Chinese Crude Steel Output in 2019 Misses One Billion Tonne Mark by 3.6 Million Tonnes

National Bureau of Statistics data showed that China's crude steel output in December 2019 was 84.27 million tonnes, up by 11.6% a YoY percent to take total crude steel production in 2019 was 996.34 million tonnes, up 8.3% YoY. China's finished steel output in December was 104.33 million tonnes, up 11.3% YoY, while steel production for the whole year was 1.20477 billion tonnes, up 9.8% from a year earlier. China's pig iron production in December was 67.06 million tonnes, up 6.0 per cent from a year earlier, while pig iron production for the whole year was 809.37 tonnes, up 5.3 per cent from a year earlier.

Steel demand in China stayed firm in 2019 despite the world’s second-largest economy coming under pressure from slowing domestic growth and a bitter trade war with the United States. The property market was more resilient than expected, and a push on infrastructure spending also fueled demand for steel as a vital building material.

The China Iron and Steel Association said last week it expects further growth this year, forecasting Chinese steel demand of about 890 million tonnes for 2020, up 2% from 2019. It had said the pace of growth would slow due to less demand from the automobile and shipping sectors, while new property construction is also expected to slow.

Source : Strategic Research Institute

voda 17 januari 2020 14:29

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NCLAT Seeks Clarity from ED, SFIO and CBI over JSW Steel Immunity in BPSL Acquisition

The National Company Law Appellate Tribunal has asked the investigative agencies like Enforcement Directorate, SFIO and the CBI to file an affidavit clarifying whether JSW Steel, a successful bidder for Bhushan Power and Steel Ltd, is liable for offences committed by the previous management of the debt-laden firm under the amended IBC. A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL management.

It further said: "In case, the answer is in negative, they will enclose the evidence in support of their stand after serving a copy of the same on the learned counsel for JSW Steel and other appellants."

The appellate tribunal had directed to list the petition on January 23, for next hearing.

The government had last month amended the Insolvency and Bankruptcy Code and inserted section 32A inside it, which mandates that once management or control of a debt-ridden company changes after the completion of Corporate Insolvency Resolution Process, it would not be liable for any offences committed prior to the commencement of the insolvency resolution process.

Source : Strategic Research Institute

voda 17 januari 2020 14:30

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INTUC and CITU Opposing POSCO RINL Proposed Auto Steel JV at Vizag

Express News Service reported that trade unions and Left parties are opposing proposal to set up a steel plant by South Korean steelmaker POSCO in a joint venture with Visakhapatnam Steel Plant. Indian National Trade Union Congress leader Mr Mantri Rajasekhar said that all trade unions are opposing the proposal. He said “The steel plant, launched with 1.7 million tonnes capacity, was later expanded to 7.3 million tonnes without any financial support from the Centre. It will be mutually beneficial if a steel plant was set up by Rashtriya Ispat Nigam Limited in partnership with public sector undertakings National Mineral Development Corporation or Steel Authority of India Limited, which have captive iron ore mines.”

Centre for Indian Trade Unions State president Ch Narasinga Rao said that the Centre is planning to sanction land worth INR 45,000 crores to the South Korean giant on a platter. He demanded the state government to clarify its stand on POSCO proposal. He said no private steel plant has been set up in the past 10 years.

Source : Express News Service

voda 17 januari 2020 14:31

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Salzgitter Group Expands European Trading Network

Salzgitter Mannesmann Staalhandel BV, a Group company of Salzgitter AG, took over heavy plate specialist trading company Statendam Steel Plates BV effective December 31, 2019. Both companies operate out of Oosterhout Netherlands. Statendam Steel Plates BV was founded in 2000 and was formerly 100 % privately owned. It supplies companies in the Netherlands in the sectors of construction, trading, boiler manufacturing, mechanical engineering, metalworking, offshore and ship building.

The acquisition enables Salzgitter Mannesmann Staalhandel B.V. to extend its product portfolio and strengthen its market presence in the Netherlands. The company is part of the international trading organization of Düsseldorf-based Salzgitter Mannesmann Handel GmbH that heads up the Trading Business Unit within the Salzgitter Group.

The parties have agreed to keep the purchase price confidential.

Source : Strategic Research Institute

voda 17 januari 2020 14:32

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MMK Implements New Marking Technology RFID

Magnitogorsk Iron and Steel Works has implemented a system for recording multi-turn actuators using modern marking technology in the form of radio frequency identification tags. Marking with RFID tags has replaced the process of applying information manually with paint and barcoding. The goal of implementing the new technology is to improve the quality of accounting for multi-turn actuators at MMK and to provide end-to-end tracking of the devices. This will help meet the requirements of the Company's accounting policy and, in the case of non-return of devices, will allow the Company to file claims.

The experience of using the RFID tag system has shown that the tags are an effective technology which allows MMK to read information in difficult metallurgical production conditions. The developers of the system, MMK-Informservice and KonsOM SKS, have implemented the tracking of multi-turn actuators with RFID tags in all sections of the wagon preparation shop and in all MMK rolling shops.

Thanks to the new system, specialists in the logistics department at MMK and Remput CPV can quickly monitor the life cycle of the multi-turn actuators using a mobile terminal which can read the RFID tags. Stationary readers at key accounting points in the rolling shops and at the plant's entry/exit stations allow real-time tracking of each multi-turn actuator on the MMK site.

Source : Strategic Research Institute

voda 17 januari 2020 14:33

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AISI Applauds Senate Passage of USMCA

After US Senate passing, by a vote of 89-10, of legislation implementing the United States-Mexico-Canada Agreement, the American Iron and Steel Institute president and CEO Mr Thomas J Gibson said “Today’s passage of USMCA in the Senate is great news for steelmakers, our workers and our customers. It will help create jobs and foster investment in manufacturing, building upon the success of NAFTA. For the steel industry specifically, the USMCA improves upon the original NAFTA by strengthening the rules of origin for steel-intensive goods, incentivizing the use of North American steel in manufactured goods and bolstering our manufacturing supply chains with customers in the automotive, auto parts, pipe and tube, and machinery industries, among others. Nearly 90 percent of US steel mill product exports go to Canada and Mexico, so securing those markets for our exports is critical for American steelmakers.”

He said “The USMCA also will benefit the steel industry by promoting increased cooperation and information sharing among the North American governments to address circumvention and evasion of trade remedy orders. These measures will help the steel industries of our three countries continue to work together to address the repeated surges of dumped and subsidized steel imports that have plagued the North American market in recent years.”

Source : Strategic Research Institute

voda 17 januari 2020 14:39

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JSW Group Shuts Down Steel Furniture Business Forma

Business Line reported that JSW Group has shut down its furniture business JSW Forma in less than a year after its grand launch in April 2019. JSW Living had announced plans to invest up to INR 250 crore over five years to become a leading steel furniture company. It had set itself a sales target of INR 50 crore in the first year.

JSW Forma had adopted an asset-light model, outsourcing production to two entities in Nagpur and Bhiwandi. The company’s products started at INR 19,000 and were available at 62 outlets. The steel furniture business was spearheaded by Tarini Jindal Handa, daughter of Group Chairman and promoter Sajjan Jindal.

Source : Business Line

voda 17 januari 2020 16:01

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Noodle.ai and SMS Digital Launch AI-Fueled Application for Steel Industry

Leading Enterprise Artificial Intelligence provider Noodle.ai and SMS digital, the digitalization experts of SMS group, the world’s leading plant engineering group for the metal industry, launched MPV (Mechanical Properties Variability), the first joint AI-driven application for the steel industry following the announcement of their partnership in June 2019. The MPV application utilizes artificial intelligence and machine learning to create a unique 'sense, predict, and recommend' framework that addresses challenges associated with the variability of mechanical properties in steel production. Mechanical properties include things such as yield strength, tensile strength, and elongation. The application senses patterns within mill data to fully understand the drivers of mechanical property variability. It then predicts when increased variability will occur and recommends the optimal input parameters, or PDI (Process Data Inputs) settings, required to optimize target mechanical properties such as yield strength, tensile strength, and elongation.

As a result, the MPV application can help steel manufacturers achieve cost savings three ways: by reducing mechanical properties variability, reducing alloy costs due to better variability control, and minimizing out-of-spec production, which are sold as secondary grades or scrapped. One steel manufacturer using MPV is anticipating savings two million US dollars per year.

In addition to addressing these challenges in mechanical properties variability, the AI and machine learning solutions that Noodle.ai and SMS digital have co-developed will also help steel manufacturers optimize product quality, asset availability and production efficiency. Together, Noodle.ai and SMS digital combine manufacturing equipment expertise, process modeling experience, and cutting-edge data science to accelerate time to value, enabling customers to quickly realize bottom-line impact.

Source : Strategic Research Institute

voda 17 januari 2020 16:03

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Insteel Industries Reports First Quarter 2020 Results

Insteel Industries Inc announced financial results for its first quarter ended December 28, 2019. Despite favorable conditions in the Company's construction end-markets, Insteel's results for the first quarter of fiscal 2020 continued to be adversely affected by low-priced import competition. Net earnings decreased to USD 0.6 million from UD 4.1 million in the same period a year ago. Net sales decreased 6.3% to USD 97.6 million from USD 104.1 million in the prior year quarter driven by a 16.1% decrease in average selling prices that offset an 11.7% increase in shipments. On a sequential basis, shipments decreased 10.9% from the fourth quarter of fiscal 2019 reflecting the usual seasonal slowdown while average selling prices decreased 3.4%.

Imports remained at elevated levels in certain of Insteel's markets during the quarter as foreign competitors have increased their production of downstream products such as PC strand and standard welded wire reinforcement in order to circumvent the Section 232 tariffs on imported steel and expand their market share in the U.S. Gross margin narrowed to 6.4% from 10.5% in the prior year quarter primarily due to lower spreads between selling prices and raw material costs largely driven by the import-related pricing pressure.

Insteel's president and CEO HO Woltz III said "Outlook "Looking ahead to the remainder of fiscal 2020, we should benefit from continued growth in infrastructure construction driven primarily by higher state and local spending in many of our markets together with modest increases in nonresidential construction. We also expect to make significant progress on our primary organic growth initiative, the expansion of our cast-in-place business, as we further our penetration of the rebar market where engineered structural mesh can serve as a more cost-effective solution for many concrete reinforcing applications. Our markets that are susceptible to imports, however, will continue to be unfavorably impacted by increased pricing pressure until a solution is reached on the Section 232 tariffs that restores the competitiveness of domestic manufacturers of downstream products relative to foreign producers. In the interim, we will maintain our focus on those factors we can control in aggressively pursuing further process improvements and strategic acquisition opportunities."

Source : Strategic Research Institute

voda 17 januari 2020 16:05

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Canadian International Trade Tribunal Commences Second Steel Safeguard Exclusions Inquiry

On 15th January 2020, the Canadian International Trade Tribunal commenced a second exclusions inquiry regarding exclusion requests concerning imports of certain heavy steel plate and stainless steel wire products that are currently subject to Canada’s steel safeguard measures. The Notice of Commencement for the exclusions inquiry provides that the Tribunal’s mandate is to determine (i) whether or not there is at least one domestic source of supply for goods that are the subject of an exclusion request, or (ii) whether there is a Canadian manufacturer with a commercially viable plan to produce such goods in Canada. Where specific products are not made in Canada and must therefore be sourced from other countries, imports of such goods cannot be said to be causing or threatening to cause injury to Canadian steel producers. Under these circumstances, the protection afforded to the Canadian steel industry by a safeguard measure would not be warranted for the product in question. It is on this basis that the Tribunal is authorized to grant an exclusion from the safeguard measures for imports of such products.

The Schedule for the exclusions inquiry has been posted on the Tribunal’s website as part of the above-referenced Notice of Commencement. Interested parties, such as importers of specialty heavy steel plate or stainless steel wire products that are not produced in Canada, may complete exclusion request forms that must be filed with the Tribunal no later than 31st January 2020. The Tribunal’s online Guideline to Making Requests for Product Exclusions should be consulted for more information on completing a form.

Responses from parties who oppose exclusion requests (i.e., Canadian producers) must then be filed no later than 11th February 2020. The parties requesting exclusions then have an opportunity to file reply submissions to address any arguments or evidence filed against them, and this must be done no later than 18th February 2020. It is expected that the Tribunal’s decision and its report to the Department of Finance will be issued on or about 13th March 2020.

Source : Lexology

voda 20 januari 2020 13:03

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Outokumpu geeft positieve winstwaarschuwing

FONDS KOERS VERSCHIL VERSCHIL % BEURS
Outokumpu Oyj
3,30 0,46 16,20 % Helsinki Stock Exchange

(ABM FN-Dow Jones) Outokumpu heeft een beter dan verwacht kwartaal achter de rug. Dit bleek maandag.

De Finse fabrikant van roestvaststaal denkt in het vierde kwartaal een aangepaste EBITDA te hebben behaald van ongeveer 70 miljoen euro, mede te danken aan gunstige ontwikkelingen bij de grondstoffen en hedging.

Eerder rekende Outokumpu op een aangepaste EBITDA in lijn met de 45 miljoen euro in het derde kwartaal.

Outokumpu komt op 5 februari met de cijfers over het vierde kwartaal.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 20 januari 2020 16:37

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Chinese Steel Demand to Rise by 10 Million Tonnes in 2020

Latest China Iron and Steel Industry Association report forecasts 2% YoY increase in steel demand in 2020 to 890 million tonnes as compared to 875 million tonnes in 2009, up 6% YoY. CISA said “The construction sector will remain the biggest steel demand driver in 2020, consuming 498 million tonnes of finished steel, up 2% YoY as compared to 486 million tonnes in 2019 uo 8% YoY. Growth in property new starts will slow in 2020, but infrastructure construction will accelerate and offset the downward pressure on steel demand from weaker property construction.”

CISA expects healthy steel demand growth rate in the machinery sector, due to steady demand growth from the petrochemical and construction industry.

However, CISA said steel demand from vehicle, ship and container manufacturing will decline in 2020.

The association predicted China's passenger car production and sales will decline by 2% in 2020.

CISA forecast is in contrast to China Metallurgical Industry Planning and Research Institute report in December that China’s demand for steel is expected to fall slightly to 874 million tonnes in 2020. They said “The steel demand of the construction industry is forecast to dip by 0.6 percent year on year to 475 million tonnes. The machinery industry is likely to see its demand remain basically stable next year at 142 million tonnes. The automobile sector is expected to see the biggest demand decline, down by 3.6 percent year on year. Demand from the sector will likely to reach 48.2 million tonnes.”

Source : Strategic Research Institute

voda 20 januari 2020 16:38

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Jingye Hires PwC and McKinsey to Fine Tune Plans for British Steel

The Telegraph reported that Jingye has called in consultants from PwC and McKinsey as it tries to convince officials on both sides of the Channel it can revive the insolvent business. The report said “PwC and McKinsey have been brought aboard to fine tune Jingye’s plans, so it can satisfy concerns about handing over public money, especially with the buyer’s strategy likely to entail job losses.”

A Jingye spokesman said: “We continue to make progress in our discussions with the unions, government and other stakeholders and expect to complete the transaction in the first quarter of the year.”

Industry rivals have questioned if Jingye can succeed where British Steel’s previous owners failed. They fear that, despite the bidder’s promises of GBP 1.2 billionn of investment, Jingye may find it impossible to turn a profit from primary steelmaking at Scunthorpe and may abandon it, instead importing semi-finished steel from Chinese plants for rolling in its UK mills.

Source : The Telegraph

voda 20 januari 2020 16:39

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JSPL Reports Q3 Results

Jindal Steel and Power Limited has reported a consolidated net loss of INR 219 crore for the third quarter of the financial year 2019-2020. The group had reported a net loss of INR 87 crore in the same quarter of financial year 2018-2019. The consolidated turnover in the quarter under review also registered a decline to INR 9,300 crore, down from INR 9,566 crore in the comparative quarter of the previous fiscal. JSPL, on a consolidated level, produced 2.11 million tonnes of steel & related products, up 19 per cent from 1.77 million tonnes in the same quarter of the previous fiscal, and sold 2.24 million tonnes of steel and related products, up 30 per cent from 1.73 million tonnes. In terms of crude steel, for the consolidated entity, the company produced 2.03 million tonnes of crude steel on the consolidated level, up 21 per cent from 1.68 million tonnes and sold 2.18 million tonnes of crude steel, up 32 per cent from 1.65 million tonnes

JSPL Standalone 3QFY20 Performance (YoY):
- Turnover: INR 6,640 Crore
- EBITDA: INR 1,352 Crore
- EBITDA Margin: 20%
- Steel and related products production: 1.61 million tonnes up 22% YoY
- Steel and related products sales: 1.67 million tonnes up 31% YoY
- Crude Steel production: 1.53 million tonnes up 25% YoY
- Crude Steel sales:1.61 million tonnes up 34% YoY

JSPL Consolidated 3QFY20 Performance (YoY):
- Turnover: INR 9,300 Crore
- EBITDA: INR 1,820 Crore
- EBITDA Margin: 20%
- EBITDA - Oman: USD 33 million
- Crude Steel Production: 2.03 million tonnes; up 21% YoY
- Crude Steel Sales: 2.18 million tonnes; down 32% YoY

JPL 3QFY20 Performance (YoY):
- Turnover: INR 784 Crore
- EBITDA: INR 257 Crore
- EBITDA Margin: 33 %
- Power Generation: 1,900 MU

Source : Strategic Research Institute

voda 20 januari 2020 16:40

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ABB Launches Performance Optimization Service for Long Product Rolling Mills

ABB launched its Performance Optimization Service for long product rolling mills, an advanced service powered by ABB Ability Data Analytics for long product rolling mills, a digital solution which applies process-specific analysis to large volumes of complex data. This helps metals producers to achieve unprecedented levels of yield, quality and productivity, with remote monitoring and support via ABB’s Collaborative Operations Centers.

ABB’s Performance Optimization Service for long product rolling mills allows operations to be monitored around the clock from ABB’s Collaborative Operations Centers, where experts alert designated onsite staff to process deviations and disturbances and advise on corrective action, supporting faster, more data-driven decisions that will enhance process performance. To facilitate continuous improvement, ABB utilizes process insights to generate regular reports identifying focus areas and recommended actions. Enterprise-level integration provides insights across multiple mills, enabling users to identify and analyze trends that could impact performance at several sites.

The solution at the core of this service, ABB Ability Data Analytics for long product rolling mills, integrates with ABB Ability Data Analytics Platform for metals and is able to collect high frequency data in real-time from data acquisition systems, such as Iba or over other industry standard communication protocols, and analyze the performance of the mill with process-specific algorithms. It uses the data to detect deviations, identify their root cause and determine trends, benchmarks and other performance factors including predicting and preventing faults before they affect production. Data is collected in real-time, stored securely onsite at the customer’s premises using the ABB Historian server, and visualized for designated users in intuitive, customizable dashboards.

The digital technology at the core of this service is also available as a stand-alone solution called ABB Ability Data Analytics for long product rolling mills. Fully scalable, it will continue to develop in line with need and insights over time and offers seamless integration with ABB process control and data integration systems. System maintenance and updates from ABB ensure smooth, reliable operation.

Source : Strategic Research Institute

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voda 20 januari 2020 16:42

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ArcelorMittal Dofasco Fined for Workplace Incidents

Hamilton Ontario based steel manufacturer ArcelorMittal Dofasco has been fined close to CAD 300,000 after pleading guilty in two separate workplace incidents from 2018. ArcelorMittal Dofasco was fined CAD 170,000 for a May 2018 blast furnace malfunction, and another CAD 120,000 for the December 2018 incident involving a coil prep line.

The Ministry of Labour said the May 23 incident involved two workers cleaning a platform on the outside of a blast furnace. Valves on the furnace malfunctioned while the workers were sweeping, and gas and dust from the furnace engulfed the workers. After examinations from a MOL hygienist, it was determined the workers inhaled Carbon Monoxide concentrations higher than limits set by the province’s occupational exposure limits. The MOL said ArcelorMittal failed to comply with regulations that require employers to take measures to limit the exposure of workers to hazardous biological or chemical agents.

The second incident in December 2018 happened on a coil prep line. A worker was feeding flat stock material into a pair of rollers when he accidentally hit a reverse switch and made contact with the pinch point of the two rollers. Investigators later determine there were no perimeter gates, access panels and guardrails on one side of the apparatus, which are required by Ontario’s safety act.

The ministry says ArcelorMittal failed as an employer to follow regulations in accordance with the occupational health and safety act.

Source : Strategic Research Institute

voda 20 januari 2020 16:44

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US Steel Fined for Air Pollution Violation at Clairton Coke Works

The Allegheny County Health Department has announced that US Steel will be issued fines for Article XXI Air Pollution Control violations and permit violations. ACHD has assessed USD 743,625 in stipulated penalties, and 90% will be paid to the Community Benefit Trust for impacted communities, while 10% will be paid to the Clean Air Fund. These figures were calculated following an agreement reached between US Steel and ACHD last summer.

Last year at Clairton Coke Works, a series of fires damaged multiple control rooms, equipment, and desulfurization units, releasing dangerous pollutants, namely sulfur dioxide, into the region's air. This spurred air quality concerns throughout the Mon Valley and Allegheny County.

Pittsburgh has a long and troubled relationship with pollution. Between the city’s famed steel industry and the mining of coal along the banks of the Monongahela River, Pittsburgh’s air was once so polluted it stained the sides of buildings black. The air pollution has improved dramatically since then, but in the wake of fires at the Coke Works plant, many feared the city once dubbed Hell with the lid off was reliving some of those darker days.

Source : Strategic Research Institute

voda 20 januari 2020 16:48

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POSCO Challenges Duties on Cold-Rolled Steel from Vietnam

POSCO Vietnam Co is challenging the US Commerce Department’s decision to expand duties on cold-rolled steel flat products from South Korea to cover certain imports from Vietnam.

US maintains antidumping and countervailing duties on cold-rolled steel flat products from South Korea, which are used to make a variety of goods including appliances, automotive products, containers, electrical equipment, and construction products. In December, Commerce determined that CRS produced in Vietnam using carbon hot-rolled steel made in South Korea was unfairly circumventing these duties.

Source : Strategic Research Institute

Vertraagd	18 apr 2024 17:35
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Volume	2.676.573
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Volume gisteren	3.430.788

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