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EU to launch anti-subsidy investigations against China
This move came after the US called on the EU to take action against Chinese steel producers in return for avoiding the reimposition by the US of the 25 percent tariff on EU steel.European Commission President Ursula von der Leyen, European Council President Charles Michel and the US President Joe Biden will come together on October 20 to finalize the steel and aluminum tariff dispute between the two sides by the deadline of October 31 this year, and also to promote green production and address the issue of overcapacity, especially focusing on China, as SteelOrbis previously reported.

🌎 International · 🗓️ October 11, 2023 · Steel

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Ukraine's Zaporizhkoks posts higher output for September
5 percent year on year.7 percent year on year.Meanwhile, in the January-September period, the output of BF coke totaled 642,500 mt, increasing 21.In September, the company produced 70,200 mt of blast furnace (BF) coke, up 14.

🌎 International · 🗓️ October 11, 2023 · Steel

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China’s auto consumption index down slightly to 78.6 in Sept from Aug
In particular, 63.According to CADA, vehicle sales in October may be similar to the situation in September, while they are expected to perform well in general in the fourth quarter.1 percent of vehicle dealers think that vehicle sales may see a year-on-year rise of five percent in the fourth quarter this year, while 16 percent of vehicle dealers believe the year-on-year rise may be higher than five percent though lower than 10 percent.

🌎 International · 🗓️ October 11, 2023 · Steel

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CISA mills’ daily steel output down 3.15 percent in late Sept
Inventory levels of the large and medium-sized steel enterprises in China decreased in the given period.As of September 30, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 15.In mid-September, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had totaled 2.17 percent compared to early September (September 1-10).24 percent compared to September 20.

🌎 International · 🗓️ October 11, 2023 · Steel

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UK steel imports resemble ‘a python swallowing a goat’
The reporting of the carbon emissions embedded in steel products entering the EU begins on October 1.The panel debate covered a wide range of topics, including the EU’s incoming Carbon Border Adjustment Mechanism (CBAM) and the need to decarbonise the UK steel industry.And Wooffindin also expressed concern about the cost of energy in the UK, compared to countries elsewhere in Europe.He said: “We do need a decarbonised steel offering in the UK.”Murphy, however, suggested that the UK government’s investment to decarbonise domestic steelmaking was “still behind the curve” compared to counterparts in the EU.

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🌎 International · 🗓️ October 11, 2023 · Steel

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