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2022 - 09 - 02

Vietnam's anti-dumping sunset review of H-beams against China

Editor: Wen Xiaoxia Source: Ministry of Commerce On August 31, 2022, the Ministry of Industry and Trade of Vietnam issued Resolution No. 1640/QD-BCT of August 19, 2022, which made the first anti-dumping sunset review of H-beamin steel products originating in China (Vietnamese: thép hình chữ H), and decided to follow The anti-dumping duty of 22.09% to 33.51% will continue to be imposed on the products involved (see the attached table for details of the tax rates). The measure will take effect from September 6, 2022 and will be valid for 5 years. The Vietnamese tax codes of the products involved are 7216.33.11, 7216.33.19, 7216.33.90, 7228.70.10 and 7228.70.90.On October 5, 2016, Vietnam conducted an anti-dumping investigation into H-beams originating in China, including the Hong Kong Special Administrative Region. Vietnam's Industry and Trade Section issued Resolutions No. 3283/QD-BCT and 3299/QD-B...
2022 - 08 - 17

The domestic scrap steel market is running strongly.

China Metallurgical News (August 17, 2022 06th edition 6th edition)Information Statistics Department of China Scrap Iron and Steel Application AssociationLast week, the domestic scrap steel market operated strongly, the market mentality improved slightly, and the arrival of steel mills improved, but due to the hot and rainy weather, the base's receipt was generally low. Compared with the previous week, the average purchase price of scrap steel in key steel enterprises has increased by 148 yuan/ton, the price of medium-sized scrap steel has increased by 159 yuan/ton, and the price of unified scrap steel has increased by 127 yuan/ton.At the beginning of last week, the finished materials market strengthened, and the resources in the superimposed scrap steel market were scarce, the arrival of steel mills was not large, and production was in a state of consumption inventory. The price of scrap steel has been strong and generally rising. After the purchase price of scrap steel rose, the ...
2022 - 07 - 05

The U.S. Department of Energy has awarded about $3.46 million to promote research on carbon dioxide

Source：(Kang Bin) China Metallurgical News (2nd edition, July 01, 2022)On June 22, the U.S. Department of Energy's National Energy Technology Laboratory decided to invest approximately $3.46 million in research and development funds to conduct front-end engineering research on carbon dioxide removal and utilization technologies at the Gary plant of U.S. Steel in Indiana. The study will focus on the direct Air carbon capture and storage (DACS) process, which removes 5,000 tonnes of carbon dioxide per year from the natural atmospheric environment and then permanently mineralizes it in concrete products.Carbon dioxide removal and utilization technology can make full use of residual heat and energy of steel mills, thus maximizing energy efficiency and minimizing transportation costs of steel mills.The plan is to capture carbon dioxide from the air and liquefy it. The liquefied gas will be sent to US Steel's Ozinga premix plant, where carbon dioxide removal and utilization technolog...
2022 - 06 - 02

Argentina issues final anti-dumping ruling on Chinese steel doors

Source: Ministry of Commerce Website Editor: Wen XiaoxiaOn May 31, 2022, the Ministry of Production and Development of Argentina issued Announcement No. 465 of 2022, making a final affirmative anti-dumping ruling on steel doors originating in China, and decided to impose 116% on the products involved based on the declared free on board (FOB) price. anti-dumping duties. The products involved are steel doors with a weight greater than or equal to 24 kg and no more than 100 kg, involving products under the Mercosur Customs Code 7308.30.00, but excluding armored doors as defined in Article 3.14 of the IRAM 11992 standard. The announcement takes effect from the date of publication and is valid for 5 years.On June 3, 2021, Argentina launched an anti-dumping investigation on steel doors originating in China. On November 30, 2021, the Argentine Ministry of Production and Development issued Announcement No. 861 of 2021, making an affirmative preliminary ruling on the case, preliminarily ruling ...
2022 - 04 - 01

National Health Commission: The local epidemic has spread more, and the scope of coverage has been …

Source: Cailian News AgencyOn the afternoon of April 1, the joint prevention and control mechanism of the State Council held a press conference. At the meeting, Mi Feng, a spokesman for the National Health Commission, said that in March, the global epidemic was still in the stage of a pandemic, and the epidemic situation in neighboring countries and regions was out. New local confirmed cases and asymptomatic infections in China have increased rapidly. The epidemic spread more points, and the scope of coverage has further expanded. Community transmission in some areas has not been blocked, and spillover cases have been reported. The prevention and control situation is severe and complex.Mi Feng said that we should always adhere to the general policy of 'dynamic zero clearance'. Time is not waiting, resolute and decisive, and implement various prevention and control measures to every link. It is necessary to ensure the stable and orderly production and life of the masses, an...
2022 - 03 - 04

The World Bank warns that the Russian-Ukrainian crisis will hit the global economy. Institutions: Gl

Source：My steel As the impact of the Russian-Ukrainian crisis continues to penetrate into all aspects of the economy, more and more political and economic officials and industry institutions are warning that the conflict may hit the global economy hard.David Malpass, President of the World Bank, recently warned to the British media: 'I think it's too early to say whether the war in Ukraine will lead to a global recession. However, it is obvious that this is a disaster for the world and will weaken global economic growth.Malpas said that the economic impact of the conflict has gone beyond Ukraine's borders, and the rise in global energy prices has hit the poor hardest, as has inflation.Malpas pointed out that Russia and Ukraine are both major food producers.' Food prices have also been pushed up by war, which is a very realistic problem for people in poor countries.'According to S&PGlobalPlatts, Ukraine is the world's largest sunflower oil producer, Russ...

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