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How does the Fed’s interest rate hike and shrink the table affect the steel market?
important events On May 5, the Federal Reserve announced a 50 basis point rate hike, the largest rate hike since 2000. At the same time, it announced plans to shrink its $8.9 trillion balance sheet, which began on June 1 at a monthly pace of $47.5 billion, and gradually increased the cap to $95 b...Read more -
Is the European Steel Crisis Coming?
Europe has been busy lately. They have been overwhelmed by the multiple supply shocks of oil, natural gas and food that follow, but now they are faced with the looming steel crisis. Steel is the foundation of modern economy. From washing machines and automobiles to railways and skyscrapers, all...Read more -
Global energy prices soar, many European steel mills announce shutdowns
Recently, rising energy prices have hit European manufacturing industries. Many paper mills and steel mills have recently announced production cuts or shutdowns. The sharp rise in electricity costs is a growing concern for the energy-intensive steel industry. One of the first plants in Germany,...Read more -
Steel industry export orders have rebounded
Since 2022, the global steel market has been fluctuating and differentiated as a whole. The North American market has accelerated downward, and the Asian market has risen. The export quotations of steel products in related countries have risen significantly, while the price increase in my country...Read more -
The European Steel Market Shocked and Divided in March
In February, the European flat products market fluctuated and differentiated, and the prices of main varieties rose and fell. The price of hot-rolled coil in EU steel mills rose by US$35 to US$1,085 compared with the end of January (ton price, the same below), the price of cold-rolled coil remain...Read more -
EU imposes provisional AD duty on stainless CRC imports from India and Indonesia
The European Commission has published provisional antidumping duties (AD) on imports of stainless steel cold rolled flat products from India and Indonesia. The provisional antidumping duty rates range between 13.6 percent and 34.6 percent for India and between 19.9 percent and 20.2 percent for In...Read more -
New regulations on foreign trade in September
1. The new format of the Certificate of Origin of China – Switzerland will be implemented on September 1 According to Announcement No. 49 of the General Administration of Customs on adjusting the format of certificate of origin under China Switzerland free trade agreement (2021), China and Switz...Read more -
World Steel Group is optimistic about the steel industry
The Brussels-based World Steel Association (Worldsteel) has released its short-range outlook for 2021 and 2022. Worldsteel forecasts steel demand will grow by 5.8 percent in 2021 to reach nearly 1.88 billion metric tons. Steel output declined by 0.2 percent in 2020. In 2022, steel demand will exp...Read more