Tag Archives: hot rolled coil
Turkey’s Ministry of Economy has announced its preliminary decision in the antidumping (AD) duty investigation against hot rolled (HR) flat steel imports from China, France, Japan, Romania, Russia, Slovakia and Ukraine. Preliminary AD duties will be collected from the imports in question. Accordingly, the dumping margins stand at zero percent for Romania, zero percent-3.76 percent […]
In March this year, Turkey’s steel exports decreased slightly by 0.3 percent year on year to 1.5 million mt, while the value of these exports totaled $966 million, down 17.6 percent on year-on-year basis, according to the data released by the Turkish Steel Exporters’ Association (CIB). In the first quarter of this year, Turkey’s steel […]
Turkey-based flat rolled steel and steel pipe producer Tosyali Holding has announced that it has broke ground for the production facilities located in Osmaniye of Tosyalı Toyo Çelik A.S., its joint venture with Japanese company Toyo Kohan. The groundbreaking ceremony was attended by the Turkish prime minister Ahmet Davutoglu. The new production facility to produce […]
Piotr Galitzine, Chairman of TMK IPSCO, speaks with SteelOrbis San Diego about concerns facing the US pipe market, in particular the many facets of the import threat. Much of the optimism in the US domestic OCTG and line pipe markets is discussed in the long-term—projects that are expected to emerge between two and five years […]
This certainly has been a difficult year for most industries and the steel sector is no exception. The first half of 2011 seemed to prove you right and I was about to eat my words, but the second half of the year unfortunately proved me right. I must admit that sometimes I hate to be right, but so be it. The economies in the US and in Europe positively buckled under the debt load and a lot of other economies have either stalled or are on the verge of doing so.
Demand, or a lack thereof, finally caught up with reality and HRC prices have crashed down to earth, dropping about $160/mt in the process. A lot of the earlier, pent-up demand happened because of “restocking” inventory. Guess what? Latest surveys of steel consumers show a high inventory level.