Monthly Archives: February 2016
President Barack Obama’s administration announced Thursday a series of executive actions aimed at protecting the US steel industry from import dumping, including increased inspections at US ports and increased Customs personnel to help enforce tariffs already in place. The president also signed legislation Wednesday, HR 644, which will empower US Customs and Border Protection to […]
China’s Ministry of Commerce (MOC) has announced that during last week (February 15-21) the overall average finished steel price in China increased by 0.3 percent week on week. In the given week, average prices of hot rolled strip, high-speed wire rod and rebar in China increased by 0.6 percent, 0.5 percent and 0.4 percent week […]
The US International Trade Commission (ITC) today determined that revoking the existing antidumping and countervailing duty orders on seamless carbon and alloy steel standard, line, and pressure pipe from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, […]
The Organization for Economic Cooperation and Development (OECD) has announced that gross domestic product (GDP) growth in the OECD area in the fourth quarter last year slowed to 0.2 percent, down from 0.5 percent recorded in the previous quarter, while the year-on-year GDP growth figure in the fourth quarter slowed to 1.8 percent, down from […]
In January this year, non-financial foreign direct investment (FDI) by Chinese companies totaled RMB 78.76 billion ($12.09 billion), up 18.2 percent year on year, as announced by China’s Ministry of Commerce (MOC). In January this year, non-financial FDI in manufacturing by Chinese companies totaled RMB 10.6 billion ($1.63 billion), up 87.8 percent year on year.
In January this year, foreign direct investment (FDI) in China amounted to $14.07 billion, up 3.2 percent year on year, as announced by China’s Ministry of Commerce (MOC). In the given month, FDI by the US, the EU and Japan in China increased by 463.6 percent, 30.9 percent and 22.8 percent year on year, respectively.
In January this year, new car registrations totaled 1,061,150 units in the European Union (EU), with an increase of 6.2 percent year on year, marking the 29th consecutive month of year-on-year growth, according to the latest figures issued by the European Automobile Manufacturers’ Association (ACEA). In January, Italy (+17.4%) and Spain (+12.1%) were the major […]
Russian steel producer Magnitogorsk Iron and Steel Works (MMK) has announced its financial results for the fourth quarter and the full year of 2015 according to International Financial Reporting Standards (IFRS). In the fourth quarter, MMK registered a net loss of $125 million, compared to a net profit of $78 million in the third quarter […]
Total steel exports from the EU to third countries fell 13 percent year on year in the third quarter of 2015, having seen a much more moderate three percent decline in the second quarter, according to the Economic and Steel Market Outlook 2016-2017/Q1 2016 Report from the Economic Committee of the European Steel Association (EUROFER). […]
The European Commission will impose provisional antidumping (AD) duties on imports of cold rolled (CR) flat steel from China and Russia, of up to 16 percent for China and up to 26 percent for Russia, as stated in a report by Reuters. The investigation was launched following the application lodged by the European Steel Association […]