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EU imposes provisional AD duty on bulb flat imports from Turkey and China
6 percent for Turkey and 14.The European Commission has published provisional antidumping duties (AD) on imports of bulb flat from Turkey and China.The investigation was initiated on November 14, 2022, following the complaint by Spain-based Laminados Losal and covered the period from October 1, 2021, and September 30, 2022.The provisional antidumping duty rates are at 13.7 percent for China and will apply for a period of six months.

🌎 International · 🗓️ July 18, 2023 · Steel

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Veysel Yayan: Measures needed to revive steel production in Turkey
Stating that the steel production capacity in Turkey is twice the actual production levels and that measures are needed to revive production, Mr.Reminding that energy prices in Turkey have increased more than in other countries, resulting in a decrease in Turkish steel industry’s competitiveness, secretary general of the TCUD noted that it is important to maintain the export-based economy model and to establish a free market mechanism.Yayan added that foreign exchange policy should be maintained until a reasonable balance is achieved.

🌎 International · 🗓️ July 18, 2023 · Steel

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Japan’s new ship export orders increased in June from May
4 percent year on year.7 percent year on year.Meanwhile, in the January-June period this year, Japan delivered 110 ships for export, totaling 4.On the other hand, in June, Japan delivered 25 ships for export, totaling 1,04 million gross tons, compared to 8 ships totaling 330,897 gross tons recorded in April.12 million gross tons, down 31.

🌎 International · 🗓️ July 18, 2023 · Steel

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AHMSA declares double process of commercial bankruptcy
This, to save the thousands of jobs generated by the steel company.The Suspension of Payments Law, issued in 1943 and repealed in May 2000, prevented the auction of the company's assets.This was under the now repealed Bankruptcy and Suspension of Payments Law by the Civil Judge of Monclova, Coahuila (the headquarters of AHMSA).In addition, it prevented the recognition of new creditors.The judicial authority (IFECOM), in charge of the new restructuring process, has already begun its task.

🌎 International · 🗓️ July 18, 2023 · Steel

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US line pipe imports down 4.8 percent in May
Other top sources of imported line pipe in May include Germany, with 5,829 mt; Mexico, with 5,173 mt; Italy, with 4,077 mt; and South Africa, with 3,642 mt.The US imported the most line pipe from South Korea in May, with 14,994 mt, compared to 9,572 mt in April and 13,372 mt in May 2022.

🌎 International · 🗓️ July 18, 2023 · Steel

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