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US issues preliminary AD review results on rebar from Turkey
The DOC has determined a weighted-average dumping margin of 29.30 percent for Kaptan Demir Çelik and other companies, while the DOC has calculated a weighted-average dumping margin of zero for Çolakoğlu Metalurji.The preliminary antidumping duties for India are applicable from August 1.During the review period from July 1, 2021, to June 30, 2022, certain Turkish producers were found to have made sales of the subject products at less than normal value.

🌎 International · 🗓️ August 02, 2023 · Steel

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South Africa’s base metal export value up 14.5 percent in H1
81 billion) compared to the same period of 2022.In June, the country’s imports of base metals and articles thereof amounted to ZAR 9.2 percent from the previous month, while in the first six months of the year South African imports of base metals and articles thereof moved up by 4.75 billion ($2.6 percent year on year to ZAR 50.

🌎 International · 🗓️ August 02, 2023 · Steel

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Heavy truck sales in China up 44 percent in July
0 percent year on year.Heavy truck sales in China are estimated to have totaled 553,000 units in the first seven months this year, up 30.

🌎 International · 🗓️ August 02, 2023 · Steel

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Feralpi Group: An exceptional 2022 and major investments ahead
57 percent of the total, up from the previous year (58.The financial performance reached the greatest levels ever in the group’s history: EBITDA amounted to €0.These forecasts are based on the absence of significant changes in the crisis regarding the war in Ukraine and a scenario of ongoing consolidation.About the future, Feralpi commented that the uncertainties due to high inflation, the significant increase in interest rates and the consequences of Russia’s invasion of Ukraine are now characterizing the steel industry.“We chose the hardest route with a concrete commitment to decarbonized steel, thanks to the approval of solid investment in the diversification of energy sources with the establishment of Feralpi Power On and the electrification of our production facilities,” stated Giuseppe Pasini.

🌎 International · 🗓️ August 01, 2023 · Steel

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ArcelorMittal México confirms $150 million mining expansion will operate in H2 2024
In 2021, the steel company reported the investment of $150 million to increase 1.However, at the beginning of 2023 the company reported that due to delays in the delivery of the equipment, progress of works and permits with the Mexican authorities, the project would take another year, until 2024.At that time, the steelmaker forecast that the project would be in operation in the second half of 2023.The company also reported that the project is estimated to add approximately $50 million of EBITDA per year on full completion and post ramp up.3 to 2.

🌎 International · 🗓️ August 01, 2023 · Steel

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