Steel Export News Today

Japan also prohibited the countrys entities from exporting a wide variety of industrial items. The measures will go into effect on April 7.

The UK – Vietnam Free Trade Agreement (UKFTA) was providing significant opportunities for Vietnam to expand the export of steel and iron products in the UK.

The Mexican Secretariat of Economy has announced an anti-dumping investigation into cold-rolled steel imported from Vietnam, according to the Ministry of Industry and Trade (MoIT).

India imposed an export tax of 15% on eight steel products late on Saturday, at a time steelmakers are looking to make up for tepid local demand by increasing market share in Europe, whose supplies have been hit by Russias invasion of Ukraine

The steel ministry is pushing for new investments when the country's production capacity is already higher than its current production and demand.

The European Commission has set the anti-subsidy duties on stainless steel cold-rolled flat products at rates of between 4.3% and 21.4%, the EU official journal said. 

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Industry body Indian Pipe Manufacturers Association (IPMA) has sought government intervention to regulate the prices of steel, which are trading at an all-time high in India. In a letter to Union Steel Minister Dharmendra Pradhan, the body has also sought a temporary ban on its export, a move which will prevent steel players from diverting their produce to the international markets. "Pipe manufacturers and MSMEs are struggling for a long time due to increased prices and shortage of steel in ...

Rising global prices, muted local demand boost steel exports SECTIONS Share Synopsis Analysts estimate the share of exports to rise in the first half of FY21, and will increase by 12-16% in FY 22, due to widening spreads between export and domestic realisations. iStock While exports of finished steel in the first quarter of FY21 were driven by lacklustre domestic demand due to pandemic-led lockdowns the surge in the last quarter was led by higher export realisation. MUMBAI: Indias primary steel...

Read more about Global steel imbalances raise scope for Indian exports in Apr-Jun: Platts on Business Standard. As of April 12, HRC steel prices were $300/tonne higher. India has already exceeded its EU quota by 40,000 tonnes this year but hopes steel will be allowed given coil shortage in Europe