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voda 27 oktober 2022 09:09

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USW Ratifies Wage Pact for EVRAZ Pueblo in US

Strategic Research Institute
Published on :
27 Oct, 2022, 5:33 am

Union workers at the EVRAZ steel mill in Pueblo in US have ratified a new collective bargaining agreement. Members of USW Local 2102 (production and maintenance workers) and Local 3267 (clerical, technical, and plant protection workers) voted on October 20th, 2022 to accept the agreement.

According to the United Steelworkers, the contract provides for an eighteen percent increase in base wages over the life of the deal, including 7% in the first year. It also includes significant increases in pension benefits for future retirees. The USW said the contract also continues to provide healthcare coverage at no monthly cost to members, spouses, or their dependents while significantly decreasing out-of-pocket costs and expanding coverage in several areas not previously addressed. Finally, the deal also includes numerous language changes which will address quality of life and working conditions at the plant.

voda 27 oktober 2022 09:10

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BICO Steel Acquires Integrity Fab & Machine

Strategic Research Institute
Published on :
27 Oct, 2022, 5:35 am

Mogadore Ohio based US’s heavy carbon steel plate and forged specialty alloy steel processor BICO Steel, a portfolio company of Validor Capital, has acquired Integrity Fab and Machine , significantly expanding its steel processing and fabrication capabilities. Integrity Fab and Machine, based in Breckenridge MI, is an industry leader in the machining of custom dies sets, plates and parallels. IFABM was founded in 2007 by industry veterans Kirk Smith and Rollie Koutz, who were later joined by Trent Holland, with a vision of providing quality products to the tool and die market, developing a fabrication and weldments capability that serves multiple end-use segments, while providing quality employment to local residents. The combination will allow both BICO and IFABM to offer enhanced services and a one-stop shop to both their existing customer bases as well as new customers with specialized steel processing needs.

The transaction closed on September 30, 2022. Terms of the transaction were not disclosed.

Founded in 1896, BICO Steel is a highly-specialized processor of heavy carbon steel plate and forged specialty alloy steel used primarily in the production of quality-critical, high-performance products used in the molding, process equipment, stamping, and capital equipment industries. BICO’s customers serve a diverse group of end markets including aerospace, automotive, canning, paper conversion, consumer goods, building products, and oil and gas, amongst others.

voda 27 oktober 2022 09:11

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Fives to Provides Solutions to Maximize Productivity at Nucor

Strategic Research Institute
Published on :
27 Oct, 2022, 5:36 am

Leading US steel maker Nucor has chosen Fives for a completely new packaging system and a cut-off for at their Nucor Tubular Product facility in Marseilles in USA. Nucor Marseilles was looking to maximize the productivity and reliability of their mill while also increasing the safety of operators by moving away from manual packaging and strapping techniques and Fives will provide Nucor Marseilles with a new Taylor-Wilson packaging system from the run-out all the way to the distribution of the bundles. This new packaging system will be capable of packaging tubes from 18-80 inch long with wall thickness up to 5/8 inch and mother tubes up to 12 ¾ inch.

Fives has partnered up with ITIPACK to provide the best solution for Nucor Marseilles. ITIPACK will supply an automatic strapping mechanism while Fives provides the handling and bundling solutions. These automated systems will increase safety of operators by removing the need to handle tube by hand and will maximize the overall productivity and reliability of the mill exit.

Following the success of the new packaging system order, Nucor Marseilles also chose Fives to put in a new cut-off for their 12K Abbey mill, which was originally installed for structural applications. This new cut-off will be a multi-mode cut-off machine which allows for improved quality cuts while maximizing the cutting speeds. With the packaging system and cut-off being installed by Fives on the same mill, this became a great opportunity to implement them together and create an integrated solution.

Fives will also be upgrading the Transition Beam System on the 12K Abbey mill at Nucor Marseilles to support their current market requirements of 0.630 inch max thickness for HSS tubing. TBS is an optimized forming system capable of improving the forming process for a large range of tube sizes while also minimizing tooling costs and reducing changeover times.

voda 27 oktober 2022 09:11

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US Steel Kosice and Worker Unions Reach Wage Pact

Strategic Research Institute
Published on :
27 Oct, 2022, 5:37 am

Local media reported that the monthly salaries of every employee of leading Slovakian steel maker US Steel Kosice will go up by EUR 80 from 1 November thanks to a new amendment to the collective agreement signed by representatives of trade unions and the employer on 24 October after 182 days of preparations for an indefinite strike

US Steel spokesman Jan Baca said “A one-off bonus amounting to EUR 100 will be paid to all employees as part of the agreement as well. A special bonus for specific professions has been increased to EUR 30 per month. An agreement was also reached concerning the length of the working week. We wanted to achieve more in terms of the work time flexibility. We need to be able to plan work shifts more flexibly. There is a lot of uncertainty and unpredictability, such as with energy and huge price swings. This is all having impacts on the households of our employees, so we're glad that we've managed to agree.”

voda 27 oktober 2022 09:12

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Iranian Semis & DRI Exports Shrink by 25% in H1 of Iranian Year

Strategic Research Institute
Published on :
27 Oct, 2022, 5:41 am

The Iranian Steel Producers Association announced that Iran exported 2.937 million tons of steel semis in the first six months of the current Iranian calendar year March 21-September 22, down 16% YoY. Iranian Mines and Mining Industries Development and Renovation Organization data showed that Iran’s export of steel semis increased by 25% YoY in the past Iranian calendar year 1400 ended on 20 March 2022 at 7.678 million tonnes

Iran also exported 312,000 tonnes of sponge iron in the first six months of the current Iranian calendar year, down 54% YoY. IMIDRO data shows that Iran’s export of sponge iron increased 25% YoY in the past Iranian calendar year 1400 at 1.055 million tonnes in 1400.

voda 27 oktober 2022 09:12

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BIR Seeks Government Support for Recycling Industry

Strategic Research Institute
Published on :
27 Oct, 2022, 5:42 am

The Bureau of International Recycling has expressed concern regarding the effect of the current energy & cost-of-living crisis on the livelihood of its member companies in Europe and across the globe. During the event in Dubai, most of the over 650 attending companies, many of which are SMEs, reported on the huge burden that sky-rocketing energy costs put on their operations, threatening their survival on the medium to long term. BIR said “During all commodity sessions covering ferrous and non-ferrous metals including stainless steel and alloys, paper, plastics, tyres, rubber and E-scrap, reports of unprecedented pressure on profit margins, financial losses and bankruptcy came to light.”

BIR said “In addition, potential or forthcoming trade restrictions impacting exports of recycled materials will, if adopted, result in long-term market disruptions that will heavily impact circular value chains and therefore result in additional constraints for the recycling industry.”

BIR has urged national governments and international legislators to enact immediate financial aid for the recycling industry to prevent significant long-term damage to a sector that plays a pivotal role in the global circular economy and the protection of the planet.

voda 27 oktober 2022 09:13

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US Steel Imports Down 11% in September vs August

Strategic Research Institute
Published on :
27 Oct, 2022, 5:44 am

The American Iron & Steel Institute has reported that the US imported a total of 2.237 million net tons of steel in September 2022, including 1.858 million net tons of finished steel, down 10.9% and 10.8%, respectively, vs August 2022. Finished steel import market share was an estimated 22% in September. Key steel products with a significant import increase in September compared to August are line pipe up 63% and standard pipe up 19%. In September, the largest suppliers were Canada (539,000 NT, down 8% vs. August), Mexico (316,000 NT, down 35%), South Korea (305,000 NT, up 72%), Brazil (188,000 NT, up 7%) and Taiwan (102,000 NT, up 24%).

Total and finished steel imports are up 4.4% and 22.5%, respectively, year-to-date vs 2021. Finished steel import market share was an estimated at 24% over the first nine months of 2022.

Over the 12-month period October 2021 to September 2022, total and finished steel imports are up 17.9% and 33.0%, respectively, vs the prior 12-month period. Products with a significant increase in imports over the 12-month period October 2021 to September 2022 compared to the previous 12-month period include oil country goods up 70%, wire rods up 63%, plates in coils up 47%, line pipe up 47% and standard pipe up 46%.

Over the 12-month period October 2021 to September 2022, the largest suppliers were Canada (6,924,000 NT, up 5% vs. compared to the previous 12-months), Mexico (5,679,000 NT, up 40%), South Korea (2,915,000 NT, up 13%), Brazil (2,750,000 NT, down 30%) and Vietnam (1,266,000 NT, up 128%).

voda 27 oktober 2022 09:14

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RHI Magnesita Acquires Refractory Business of Hi-Tech Chemicals

Strategic Research Institute
Published on :
27 Oct, 2022, 5:46 am

India’s leading refractory supplier RHI Magnesita India has acquired the refractory business portfolio of Hi-Tech Chemicals Limited in an all-cash deal of INR 621 crores (USD 75.7) million. RHI Magnesita India said it will strengthen and enlarge its offering to enhance the company's position in the domestic and international flow-control refractory business. It said that the acquisition process will be completed within the next few months.

Hi-Tech's refractory business is present in India and 6 other countries across Europe, Africa and Asia. According to the RHI Magnesita, Hi-Tech posted a turnover of INR 270 crore in the financial year 2021-2022 against INR 221 crore in the preceding fiscal.

RHI Magnesita India is refractory solutions platform offering the industry’s most comprehensive product and solutions portfolio. This includes Magnesia and Alumina based bricks and mixes for large industrial customers as well as specialty refractory products like Isostatic products and Slide Gates. It brings in the Global R&D and Technical expertise and experience of parent RHI Magnesita Group to customers in India.

voda 27 oktober 2022 09:15

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SSAB Cuts Production by Preponing Rahe BF Maintenance

Strategic Research Institute
Published on :
27 Oct, 2022, 5:48 am

Swedish steel maker SSAB while releasing quarterly results announced that “The market outlook is uncertain due, among other things, to rising inflation, component shortages and bottlenecks in logistics chains as well as to the fallout from the war in Ukraine. The European market has weakened and SSAB Europe has adjusted production by lower volumes of construction-related products. To reduce capacity in the fourth quarter, maintenance of one of the blast furnaces in Raahe will be brought forward and start in mid-November. The maintenance work is expected to last for 6-8 weeks. The outlook for the markets of SSAB Special Steels and SSAB Americas is considered to be more stable.”

SSAB also said “Customer demand for fossil-free steel continues to increase. During the third quarter, Volvo Trucks began the small-scale introduction of SSAB fossil-free steel in heavy electric trucks. SSAB started a partnership with Oshkosh Corporation, which will be the first in the US to develop prototypes for commercial vehicles in fossil-free steel.”

SSAB added “Feasibility studies for SSAB’s planned mini-mills in Luleå and Raahe are ongoing. The goal is fossil-free steel production in around 2030, but the transition requires sufficient availability of fossil-free electricity in the right place at the right time. It is also key for there to be a level playing field across Europe regarding state aid for the transition.”

voda 27 oktober 2022 09:16

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NLMK Chairman Denies Steel Supplies to Uralvagonzavod

Published on :
27 Oct, 2022, 5:51 am

Russian steel maker NLMK’s Chairman Mr Vladimir Lisin said that “In relation to recent publications accusing NLMK of being a principal supplier to the Russian military-industrial complex, we would like to note that NLMK does not work with the Russian military-industrial complex and therefore never supplied Uralvagonzavod plant.”

Mr Lisin added “Russian operations of NLMK are not capable of producing heavy plate steel or steel with ballistic properties and focus solely on rolled strip steel for general civilian use.”

voda 27 oktober 2022 09:16

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SAIL RSP Rolls 2mm HR Coil in SAILCOR Grade

Strategic Research Institute
Published on :
27 Oct, 2022, 5:53 am

Steel Authority of India Limited’s Rourkela Steel Plant has successfully rolled HR coils in SAILCOR grade with 1250mm width and 2.0mm thickness for the first time on 25 October 2022 at Hot Strip Mill 2. Previously 3 coils of the same grade (1250 x 2.3 mm) were successfully attempted. Equipped with cutting edge technologies and operated by a team of highly motivated technocrats, the HSM-2 has been making relentless efforts to develop newer grades with customized specifications to cater to the niche market segments.

HSM-2 has also carried out trial rolling of MC40, API X70 and rolling of coil with 2000mm of width and up to 5 mm thickness and wider LPG coil with 1680mm width.

The Hot Strip Mill-2 with 3 Million Tonne per annum capacity is a state-of-the-art mill with few parallels in India and will be producing world-class hot rolled (HR) coils. With high level of automation, this mill has the potential to produce coils of Carbon Structural Steel, High Strength Low Alloy steel, High Carbon Steel, LPG Cylinder Steel, Low Alloy Steel, API up to X100 Pipe Steel and Auto-grade steel.

voda 27 oktober 2022 09:17

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BHP Flat-Pack Iron Ore Cars to boost WA Manufacturing

Strategic Research Institute
Published on :
27 Oct, 2022, 3:52 am

An industry-first initiative to construct 140 ‘flat pack’ iron ore cars over the next four years in Perth will develop capability and boost Western Australia’s manufacturing sector, through a collaboration between BHP, UGL, QRRS and supported by the State Government. In an initial trial, BHP has shipped ore car components from QRRS’s factory in China to UGL’s Bassendean facility as ‘flat packs’, where the UGL team has assembled, welded and commissioned the cars before delivering them to BHP’s Pilbara operations.

For over a decade, iron ore cars have traditionally been built offshore. On average, BHP orders several hundred each year.

To date, five iron ore cars have been completed and delivered to the Pilbara. A further 15 are due to be built and delivered by February 2023. At least 12 UGL jobs have been sustained through the project.

Following the trial’s early success, BHP has committed to constructing an additional 120 cars over the next four years in WA, with the potential to create and sustain dozens more local jobs.

BHP is continuing to build local content through manufacturing and maintenance opportunities to ensure the local ore car supply chain is sustainable and competitive.

voda 27 oktober 2022 09:32

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Chinese billet offers reappear in Saudi Arabia
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Following a long hiatus, Chinese billet offers have re-appeared in the Saudi Arabian market at very competitive prices, Kallanish observes.

Last week, Chinese-origin blast furnace-route billet quotes were at $545/tonne cfr (liner out) Saudi west coast for late-December/early-January shipment. Due to long lead times, buyers are however hesitant to book Chinese material; moreover, the quotes have created a perception that billet prices will soften amid sliding Southeast Asian billet prices.

"When China is in the longs export markets, prices slide; this is what I learned in my long years of business life in the steel trade. We haven't heard of Chinese billet offers for a long time,” explains a sell-side source. "We are coming to the end of the year, and nobody is in a rush for billets. Buyers are waiting to see Russian Metalloinvest's December-shipment prices as the blast furnace Russian producer [Metalloinvest] has a good sales record and a reputation in the Saudi market."

Last week, an ex-Malaysia 20,000-25,000-tonne blast furnace-route billet offer to Saudi Arabia at $555/t cfr Saudi west coast did not translate into a deal, a prominent source confirms to Kallanish.

In Dammam and Riyadh, local induction furnace billet prices are prevailing at SAR 2,260-2,325/t ($603-620) ex-mill; the higher margin is for manganese-enriched material. Saudi rebar re-rollers – billet buyers – had adopted a wait-and-see policy until Saudi market maker Hadeed announced its November-delivery rebar price, which it did on Wednesday (see separate story). Merchant billet producers are receiving cancellations for previously-ordered billet and rebar producers are receiving cancellations from traders.

"This week, rebar market activity was silenced in Saudi Arabia, factoring to subdued rebar demand. The duty exemption granted to Emirates Steel Arkan concerned traders and stockists while they observed weakening end-user rebar demand. They suspect that ESA will sell rebar at discounted prices to the Saudi market,” comments a merchant billet producer.

An ESA senior official however told Kallanish this week: "Tier-two mills in Saudi Arabia set their rebar quotes upon market designer Hadeed [tier-one mill], and we will be taking our position upon tier-one mill quotes, not tier-two or tier-three” (see 26 October newsletter).

Burak Odabasi Turkey

voda 28 oktober 2022 07:52

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Recycler Befesa Delivers Strong Results for Jan-Sep’22

Strategic Research Institute
Published on :
28 Oct, 2022, 5:29 am

Luxembourg headquartered leading provider of hazardous waste recycling services enabling the circular economy within the steel and aluminium industries Befesa’s adjusted EBITDA for Q3 stood at EUR 45.9 miion, compared to EUR 42.7 million in the same quarter last year, an increase of 7.6% YoY. Year-to-date growth was even stronger, as Befesa achieved EUR 163.9 million in the first nine months, up 20% compared to 9M 2021, driven by good volume performance in Steel Dust including the US operations, and overall high plant utilisation levels at around 80% in both core businesses. Zinc market prices averaged at EUR 3,245 per tonne in Q3 (28% YoY, aluminium alloy prices at EUR 2,327 per tonne up 16% YoY, offsetting inflation, primarily energy, for the most part.

Befesa’s Executive Chair Javier Molina said “In Q3, we continued to deliver solid EBITDA growth in a challenging market environment, confirming our guidance for the year and successfully completing the acquisition of the US zinc refining operations. In the past five years, we have developed Befesa from a leading European-focused company to an international market leader with a globally-balanced footprint. We are proud of what we have achieved, however, we are even more excited about the next five years. Our journey is accelerating further, growing through the cycle, with our environmental services playing a vital role in the decarbonisation of the steel and aluminium industries and the transition to electric vehicles.”

The 9M figures and Last Twelve Months trailing EBITDA of EUR 225 million indicate that Befesa’s full year results are expected to come in at around the bottom part of the guidance range (FY2022 EBITDA: EUR 220-270 million) and deliver a new record year for Befesa with at or above 11% YoY growth for the full year.

Befesa is a leading player in the circular economy, providing environmental, regulated services to the steel and aluminium industries with facilities located in Germany, Spain, Sweden, France, as well as in Turkey, South Korea, China and the US. Through its two business units, Steel Dust and Aluminium Salt Slags recycling services, which are a critical part of the circular economy, Befesa manages and recycles more than 2 million tonnes of residues annually, with a production of around 1.5 million tonnes of new materials, which Befesa reintroduces in the market, reducing the consumption of natural resources.

voda 28 oktober 2022 07:53

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Saarsthal Confers TOP Supplier Award to IOC Iron Ore of Canada

Strategic Research Institute
Published on :
28 Oct, 2022, 5:30 am

German steel maker Saarsthal announced that ROGESA Roheisengesellschaft & Zentralkokerei had introduced a supplier management system as part of their substainability strategy in 2019. Since then, top suppliers have been awarded based on defined sustainability and quality criteria, they have to fullfill conditions such as: product quality, adherence to quantities and deadlines, flexibility with regard to changing framework conditions, technical support granded and sustainability. For the iron ore sector, ROEGSA and Zentralkokerei recently awarded the IOC Iron Ore Company of Canada as TOP supplier of the year 2021, twice in the row.

Dillinger and Saarstahl CEO Dr Köhler said “Especially in the current energy crisis and with the global supply chain problems, it is more important than ever that we can always rely on reliable partners. As a long-standing partner, the IOC Iron Ore Company of Canada has always proven it can meet the specified quality criteria even under changed global economic conditions.”

IOC President & CEO Mr Michael McCann said “As a leader in high grade iron ore production for the green steel industry, we take great pride in ensuring our pellets and concentrate are of consistent, reliable and replicable quality. This recognition from one of our valued customers is a testament to the commitment of our employees to give their best, day after day. On their behalf, I wish to thank ROEGSA and Zentralkokerei for their continued partnership and trust in IOC.”

ROGESA is a joint subsidiary of Dillinger and Saarstahl AG (each 50 % direct and indirect share). ROGESA was founded in 1981 and produces with two furnaces. The produced pig iron supplies the Dillinger and Saarstahl steel plants.

Zentralkokerei Saar GmbH (ZKS) is also a joint subsidiary of Dillinger and Saarstahl AG (50 % each). ZKS was founded in 1982 and produces coke exclusivly for ROGESA´s blast furnaces.

voda 28 oktober 2022 07:53

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SSAB Reports Strong Earnings for Special Steels & Americas

Published on :
28 Oct, 2022, 5:32 am

Swedish steel maker SSAB’s operating profit for the third quarter increased compared to the same period in 2021 and amounted to SEK 6.7 billion while revenue was SEK 31.5 billion. SSAB said “A weaker European market was compensated by continued strong development in SSAB Special Steels and SSAB Americas. The Group operating profit was down compared with the record level for the previous quarter. SSAB started its first fossil-free steel partnership on the US market, thereby further strengthening the company’s position as leader in the green transition in the steel industry.”

SSAB Special Steels’ operating profit increased to SEK 2,411 million for the quarter. The operating margin rose to 28.6%. High-strength steel is SSAB’s primary area of growth and it supports our customers’ ambitions to improve productivity and sustainability performance in machinery and other equipment. SSAB Europe's operating profit for the third quarter decreased to SEK 1,447 million and the operating margin decreased to 12.1%. SSAB America’s operating profit increased to SEK 3,036 million and the operating margin rose to 36.6%.

voda 28 oktober 2022 07:53

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Flash Steelwork Breaks Ground on Armour Steel Plant in Middlesboro

Strategic Research Institute
Published on :
28 Oct, 2022, 5:33 am

Local Media that Kentucky Lt Gov Jacqueline Coleman, US Rep Hal Rogers, Middlesboro Mayor Rick Nelson and Bell County (Kentucky) Judge-Executive Albey Brock, joined executives from Flash Steelworks recently to break ground on the new steel manufacturing facility in Middlesboro. Over the next 15 years, Flash Steelworks will invest USD 12.1 million. The facility will be located at the old tannery site.

Ms Coleman announced USD 1 million in Appalachian Regional Commission funding will aid in the construction of the steel-manufacturing facility. The ARC funding will be matched by USD 5 million in state funds, allocated from the 2022 state budget.

Flash Steelworks is a private steel manufacturer that uses a unique and highly specialized electronic thermal process to produce blast-resistant, yet lightweight, military-grade plate steel. The company has a contract with the federal Department of Defense to produce armor for the US military.

Rigorously tested by the US Army, Flash is proven the world’s highest performing weldable armor plate for vehicles and structure. Flash’s entirely new field of metals research, patented in nine countries, leads to mass reduction, performance improvement, and simultaneous cost savings. Stronger than titanium, lighter than aluminum, and able to stop speeding bullets, low-cost flash technology produces the world’s highest overall performing metal for energy efficiency improvement in agriculture, architecture, armor, automobiles, bicycles, bridges, containers, cables, dump trucks.

voda 28 oktober 2022 07:55

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OYAK Mining Metallurgy Reports Strong Results in Jan-Sept

Strategic Research Institute
Published on :
28 Oct, 2022, 5:35 am

Turkish steel maker OYAK Mining & Metallurgy Group has reported a net profit of TRY 15.43 billion (USD 974 million) for the first nine months this year, compared to a net profit of TRY 11.26 billion in the same period of last year, while the company's sales revenues amounted to TRY 100.53 billion (USD 6.34 billion), up by 133% YoY. The company’s operating income in the first nine months amounted to TRY 23.32 billion (USD 1.47 billion), compared to an operating income of TRY 15.6 billion in the first nine months of the previous year.

OYAK Mining & Metallurgy Group produced 6.0 million tonnes of crude steel, down by 12% YoY

Eregli works - 2.32 million tonnes, down 9% YoY

Iskenderun works - 3.68 million tonnes, down 13% YoY

In the first nine months this year, the flat steel output of OYAK Mining and Metallurgy Group decreased by 3.5% to 5.49 million tonnes, while the company’s long steel output amounted to 617,000 tonnes, increasing by 10% YoY

The flat steel sales volumes of the company went down by 6% YoY to 5.19 million tonnes, while its long steel sales volumes rose by 13% YoY to 623,000 tonnes.

OYAK Mining & Metallurgy Group exported 875,000 tonnes of steel products, including 812,000 OYAK Mining & Metallurgy Group of flat steel and 63,000 OYAK Mining & Metallurgy Group of long steel, with exports accounting for 15% of total sales.

voda 28 oktober 2022 07:56

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Fire at Formosa Steel Plant in Vietnam Emits Yellow Smoke

Strategic Research Institute
Published on :
28 Oct, 2022, 5:37 am

RFA reported that foul-smelling yellow smoke belched from the Formosa Ha Tinh Steel factory’s chimneys in Ky Anh district in the coastal province of Ha Tinh in Vietnam on 22 October due to a fire inside the plant. The odor permeated everything in the area, even about 10 kilometers from the factory. Police Director Phong said an exhaust fan in the coking workshop of the factory's energy department malfunctioned causing a fire that spewed an opaque yellow smoke.

An investigation is underway

The Formosa factory has a poor reputation. In 2016, it caused Vietnam’s worst-ever environmental disaster when it discharged toxic chemicals into the ocean, devastating more than a hundred miles of coastline in four central provinces of Vietnam.Taiwan-based Formosa Plastics Group, the primary investor in the steel plant, offered USD 500 million to clean up and compensate people affected by the spill, but the government has faced protests over the amount and terms of the settlement, as well as the slow pace of payouts.

voda 28 oktober 2022 07:57

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US ITC Decides to Extend AD Duty & CVD on OCTG Imports

Strategic Research Institute
Published on :
28 Oct, 2022, 5:39 am

The United States International Trade Commission has determined that a US industry is materially injured by reason of imports of oil country tubular goods from Argentina, Mexico, Russia, and South Korea that the U.S. Department of Commerce has determined are sold in the United States at less than fair value and are subsidized by the governments of Russia and South Korea. As a result of the Commission’s affirmative determinations, Commerce will issue countervailing duty orders on imports of this product from Russia and South Korea, and antidumping duty orders on imports of this product from Argentina, Mexico, and Russia.

The Commission also made negative critical circumstances findings with regard to imports of this product from Mexico and Russia. As a result, these imports will not be subject to retroactive antidumping duties.

The merchandise covered by these investigations is certain OCTG, which are hollow steel products of circular cross-section, including oil well casing and tubing, of iron (other than case iron) or steel (both carbon and alloy), whether seamless or welded, regardless of end finish (e.g., whether or not plain end, threaded, or threaded and coupled) whether or not conforming to American Petroleum Institute or non-API specifications, whether finished (including limited service OCTG products) or unfinished (including green tubes and limited service OCTG products), whether or not thread protectors are attached. The scope of these investigations also covers OCTG coupling stock. Excluded from the scope of the investigation are: casing, tubing, or coupling stock containing 10.5% or more by weight of chromium; drill pipe; unattached couplings; and unattached thread protectors.

Petitioners: Borusan Mannesmann Pipe US Baytown, PTC Liberty Tubulars Texas, US Steel Tubular Products Pittsburgh, Welded Tube USA Lackawanna and the United States Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC, Pittsburgh, PA.

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