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In September, domestic sales of stainless flats including hot-rolled (HR) and cold-rolled (CR) coils and sheets by Japan's 32 coil centers rose 7.6% on month to 55,045 tonnes, according to the data released by the Japan Stainless Coil Centers Association (JSCA) on October 27, reflecting the overall firm demand from domestic end-users.
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Sydney, Shanghai 14 October 2021 – FEX
Global Australia and Mysteel today announced the signing of an agreement
whereby FEX Global will seek to settle certain FEX benchmark contracts against
the Mysteel IOSCO compliant price assessments, subject to regulatory approvals.
Brian Price, FEX Global Executive
Director, said “Mysteel has been assessing prices in the
domestic Chinese
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Japan Iron & Steel Federation (JISF) chairman Eiji Hashimoto expressed his regret on September 15 that India’s commerce ministry had decided to ask the country’s Ministry of Finance to continue applying anti-dumping duties on Japanese hot-rolled coils (HRC), plates, and cold-rolled coils (CRC) and sheets.
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Japan has requested that the World Trade Organization (WTO) establish a panel to rule on China’s imposition of anti-dumping (AD) duties on Japan-origin stainless steel products, an official from Japan’s Ministry of Economy, Trade and Industry (METI) said on Monday.
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Japan Iron & Stee Federation (JISF) chairman Eiji Hashimoto expressed his regret on hearing Thailand’s decision to maintain its anti-dumping duties on Japan’s hot rolled coils and sheets exports after concluding its third sunset review, commenting on June 9 that the decision was unjust.
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Hopes are rising in Japan that India’s Ministry of Finance (MoF) has decided against imposing anti-dumping duties on stainless flat-rolled products imported from Japan and 14 other countries but the Japanese government is awaiting formal clarification before celebrating too loudly.
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The deadline by December 2020 has lapsed for India’s Ministry of Finance (MoF) to decide on whether to extend the probe or impose the anti-dumping (AD) duties on tinplate and tin-free steel (TFS) imports from four nations including Japan on the recommendation by India’s Ministry of Commerce and Industry (MCI).
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No one would have expected the steelmaking raw materials prices including iron ore, coke and scrap to have attempted multi-year highs in December, a usual off season for steel consumption and production, but the year 2020 had been proven anything but normal, and many iron ore traders ended their 2020 in frustration, as iron ore prices shot up for seemingly no reason at all.
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Japanese industry groups representing the country’s stainless steel traders and producers have expressed deep regret at the decision of the Indian government announced on December 23 recommending that anti-dumping duties be imposed on stainless flat products imported from several countries including Japan, arguing that their products have not caused damage to India’s stainless industry.
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One of the longest-running disputes in global steel trading might finally be resolved. This follows the recent decision of a dispute settlement panel of the World Trade Organization (WTO) which ruled that South Korea’s imposition of anti-dumping duties on Japanese stainless bars for the past 16 years violates WTO rules.
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Union Commerce Ministry’s investigation arm DGTR has initiated a probe to review the need to continue imposition of anti-dumping duty on certain types of steel products imported from China, Korea, European Union, South Africa, Taiwan, Thailand and the US following complaints from domestic industry, according to a notification.
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The Thai government’s imposition of 35.67% anti-dumping duties targeting China-origin hot-dipped galvanized (HDG) coils and sheets, announced on August 3, is being seen as an additional dampener on Chinese steel exports. Though for now, Chinese steel producers and traders are more focused on their home market.
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A quick look at how China's economy and steel market performed in the first half of 2020.
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South Korean and Japanese steel producers are currently not offering cargoes in the Indian market due to low demand and anti-dumping duties.
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Anna and Olivia will be discussing some of the key topics discussed during the 2020 SEAISI e-Conference, ASEAN's flagship steel industry conference.
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Japan Iron & Steel Federation (JISF) expressed regret on hearing that India’s Ministry of Commerce and Industry will recommend anti-dumping measures on Japan’s tinplate and tin-free steel (TFS) exports after having completed the probe, JISF chairman Eiji Hashimoto remarked on June 23.
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The U.S. Commerce Department had issued a final anti-dumping ruling against imports of stainless steel rods from India claiming that the Indian producers and exporters had sold the stainless steel rods below the normal rates in the U.S during the period under review 1 Feb’17 to 31 Jan’18. But the final duty announced by the U.S. is lesser against the preliminary duties imposed in the month of April this year.
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As per the latest updates, India has imposed provisional anti dumping duty on the imports of aluminium and zinc coated flat products from three countries including China, Vietnam and Korea, according to a notification of the Finance Ministry . Aluminium and zinc coated flat products are used in infrastructure projects, solar power plants, roofing, and white goods.
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As per the latest updates, India has started a sunset review of its anti-dumping duties on flat hot-rolled stainless steel products from China, Malaysia and South Korea.
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China’s steel market sources shrugged off any serious impact on the country’s cold-rolled coil exports because of Vietnam’s anti-dumping probe on some of China’s cold-rolled carbon steel products.
