MEPS estimates that world stainless steel output climbed by a double-digit percentage, year-on-year, in 2021. The increase was driven by expansions in Indonesia and India. Global growth is expected to be three percent, in 2022. This will equate to a new all-time high of 58 million tonnes. In the first nine months of 2021, Indonesian…
China’s stainless steel futures rose more than 5% on Tuesday on concerns about tight supply as manufacturers cut output, while raw material prices were also supported. ” Domestic stainless steel companies are stepping up maintenance in the first quarter, while being affected by the Spring Festival holiday and Beijing Winter Olympics; overall output is expected to…
The America Department of Commerce (DOC) is expected to issue the final conclusion of the anti-tax evasion investigation on stainless steel plates of Vietnam until January 5, 2022. It is known that the case was initiated to investigate in May 2020 because the US suspected that Vietnam’s stainless steel plate was tax evasion. This is…
The Turkish Ministry of Trade has decided to impose anti-dumping duties (AD) on stainless steel pipes originating in Vietnam, after investigating and discovering that stainless steel pipes imported from Vietnam were dumped entered the Turkish market and threatened domestic prices during the investigation period from 2017 to 2019. According to the ruling, the AD tax rate…
On June 15, the World Trade Organization (WTO) confirmed that Japan had submitted a complaint about China’s anti-dumping duties on stainless steel products imported from Japan since July 2019. The complaint was sent to the WTO’s Dispute Settlement Body on June 15, which argued that China’s tariffs imposed on billet, hot-rolled coil and hot-rolled steel plates…
The government has proposed to cut import tax on steel products further to bring it to zero or close to zero to provide relief to MSMEs, which have been hit hard by high raw material prices in the context of pandemic is raging. Leading Government sources say that the decision has been taken to review…
When the domestic demand for steel is forecasted to continue to increase, along with China’s cut in iron and steel exports will benefit Vietnam’s steel producers in general. China changes tax policy with steel industry In an effort to further curb domestic steel production and the skyrocketing price of steel ore, China recently eliminated import…
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