After the crash decline in the US’ stock market on March 9th, all of the metal performance on the London Metal Exchange (LME) faced challenges too. However, the market is changing fast. The nickel prices had jumped to around US$12,900 after that, with a range of US$400/ton in a day, even higher than the prices […]
According to the market news, many of the stainless steelmakers decided to cut their production in China, especially in the East China region. The current total decrease in production in the East China region was around 50,000 tons. The main reason for this decision was the high inventory level. The stainless steelmakers did not take […]
According to the market news, the current nickel inventory amount in the London Metal Exchange (LME) has continued to increase in the past 9 trading days. Among them, the inventory had increased by 2,700 tons on February 19th, and the total inventory hit 221,000 tons recently. The inventory currently has increased by nearly 15% month […]
Walsin Lihwa was approved by the board of directors last week that it will form an alliance with Dingxin Group, a subsidiary of Tsingshan Group, to invest in a nickel pig iron (NPI) plant in Indonesia. It was expected to start production in the third quarter as soon as 2021. This project made Walsin Lihwa […]
According to the report, the Dispute Settlement Body (DSB) to deal with disputes between World Trade Organization (WTO) members, they have mentioned adopting the opinion from experts and appellate body in a case of Turkey, particularly Morocco’s anti-dumping measures against certain hot-rolled coils (HRC) imports from Turkey. The WTO members observed that the Moroccan government […]
British Union have called for a emergency meeting of the National Ateel Council to express their concerns about Tata Steel UK, one of the leading steelmakers in the world. Tata steel’s loss in the UK increased to GBP 371 million this year, Previously, Tta chairman said it was unlikely that India would continue to fund […]
It as reported on December 27th, 2019, the Eurasian Economic Commission(ECC)’s Department for Internal Market Protection announced to terminate the safeguard measures investigation on imports of stainless steel welded pipes. This decision was based on the application withdrawed by the applicants.
Qukin steel Corporation, one of the largest integrated stainless steel mill in Southeast Asia, announced its new prices for January 2020. According to the price adjustment, the domestic price for 300 and 400 series was kept unchanged compared the previous month, but the export prices were raised by US$30-50/ton based on different regions. Qukin said […]
t was reported that the Indian Ministry of Commerce and Industry previously announced to launch an anti-dumping investigation on stainless steel flat-rolled products imported from 15 countries, including Japan, China, South Korea, Taiwan, Indonesia, the EU, the US, Thailand, South Africa, the UAE, Hong Kong, Singapore, Mexico, Vietnam and Malaysia. The first oral hearing has […]
According to the news from Chinese Customs Tariff Commission of the State Council, China made a final ruling of anti-dumping case on imported stainless steel billet and hot-rolled stainless steel plate (coil) from the EU, Japan, South Korea, and Indonesia, and defined that those products did lead the domestic industry to get hurt during the […]