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ThyssenKrupp and Tata Steel formally signed an agreement to merge the two steel companies in Europe to form a joint venture. The company will become the second largest steel company in Europe with an estimated annual turnover of 17 billion euros, an annual shipment of 21 million tons, and employs approximately 48,000 people.
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At the request of companies such as the Russian Magnitogorsk Steel Plant, the New Lipetski Steel Company and the Northern Steel Company, the Eurasian Economic Commission decided to initiate an anti-dumping investigation against galvanized sheets imported from China and Ukraine. The survey targets hot-dip galvanized cold and hot-rolled sheets and coils with aluminum-zinc coating. According to the materials submitted by the applicant company, the Eurasian Economic Committee said that the galvanized sheets of China and Ukraine were exported to the Eurasian Economic Union countries at a dumping price in 2017. Among them, the dumping margin of Chinese producers was 16.4%, and that of Ukrainian producers was 25.6. %.
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London, June 25. According to data released by the World Steel Association on Monday, global crude steel production in May increased by 6.6% year-on-year to 155 million tons.
In the world's largest steel producer and consumer country, China, crude steel production increased to 81.1 million tons, an increase of 8.9% from May 2017
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On May 22, 2018, Washington, Worthington Industries and Manchester Tank & Equipment Co. filed an application with the US Department of Commerce and the International Trade Commission requesting imports from China. Steel Propane Cylinders launched anti-dumping countervailing investigations and initiated anti-dumping investigations on products imported from Taiwan and Thailand.
The products involved were mainly attributed to the US Customs Tariff Nos. 7311.00.0060 and 7311.00.0090. According to U.S. statistics, in 2017 I exported about $89.8 million to the United States. The U.S. Department of Commerce will decide whether or not to file a case on or about June 11, 2018
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In May 22, 2018, Washington time, Worthington Industries and Manchester Worthington Co. (Manchester TG Co.) applied to the U. S. commerce department and the International Trade Commission to launch an anti - Steel Propane Cylinders imported from China (Steel Propane Cylinders). Dumping and countervailing investigations launched anti-dumping investigations on products imported from China's Taiwan and Thailand.
The products involved are mainly attributable to us customs tariff No. 7311.00.0060 and 7311.00.0090. According to the US statistics, in 2017, I exported about $89 million 800 thousand to the US. The US Department of Commerce will decide whether to file a case in June 11, 2018 or so.
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With the double-digit decline in exports to the traditional largest overseas market, Southeast Asia, Chinese steel companies are looking for new export destinations in Africa and South America. According to experts, it is clear that the export opportunities for Chinese steel companies are becoming increasingly limited. Since last year, China’s steel exports to Vietnam, South Korea and other traditional markets have dropped at a double-digit rate, which reflects fierce competition from strong competitors such as Russia. In addition, anti-dumping tariffs imposed on Chinese steel products by Southeast Asian countries such as Thailand, Vietnam, Indonesia, and Malaysia have also affected China's steel exports.
Last year, exports to South America and Africa accounted for 8% of China’s steel exports. Since the beginning of this year, China’s steel exports to some countries in these regions have seen significant growth. According to the report, according to the WTO data, compared with Asian countries, fewer countries in Africa and South America implement anti-dumping duties and related trade protection measures on Chinese steel products. As Chinese steel companies gradually deepen into these markets, they may have an impact on domestic steel companies such as Brazil.
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The U.S. Department of Commerce announced on the 20th that it has approved the first applications for steel products that are exempted from the U.S. "232" tariff.
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On June 20, 2018, the U.S. Department of Commerce announced the initial subsidy of large-diameter Welded Pipes imported from China, India, South Korea, and Turkey.
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German President Merkel expressed disappointment at the decision of President Trump 10 to withdraw its decision to endorse the joint communique of the group of seven Summit (G7) summit. Merkel also said that the EU would take counteraction measures to impose tariffs on steel and aluminum in the United States.
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In the morning of 29 Beijing, the Canadian International Trade Tribunal said on Monday that it had launched a preliminary antidumping investigation of steel imported from China, South Korea and Vietnam.
The court will investigate the dumping and subsidies of cold rolled carbon steel products imported from these three countries, which has caused damage to the Canadian steel industry.
The Canadian International Trade Tribunal operates under the Canadian trade remedy system and reports to Parliament. The court said it would confirm the findings in July 24th.
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The tubing connector is 6.10 meters shorter than the tubing length in API 5CT.
Executive Standard: API 5CT, API 5B
Specifications: 1.9"-4-1/2"
Button type: Eu, Nu,p
Steel Grade: J55, K55, N80, L80, P110
Length: 2FT-20FT
Uses: for wellhead length adjustment
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The European Commission announced on the 18th that it has informed the World Trade Organization of a list of products that may impose tariffs on the United States. If the United States imposes tariffs on steel and aluminum on the EU, the EU will take retaliatory measures.
The EU stated that the retaliatory measure is intended to compensate the EU for the impact of the addition of steel and aluminum tariffs in the same way. Once the measures taken by the EU take effect, it will be an effective safeguard measure. Before the EU notified the WTO, it had published the list of retaliations in the “Official Gazette” of the EU, which may take effect on June 20.
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For the United States to impose tariffs on imports of steel and aluminum products, the European Union, Japan and other regions and countries have recently brewing response measures, ready to fight back at the level of the World Trade Organization (WTO), and stressed that through strengthening regional cooperation to resist the threat of trade protection.
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Brazil's imports of long timber in April dropped by 7.03% compared to the same period last year, mainly because of the decrease in imports from Korea and Turkey.
According to the data released by the Brazil Ministry of trade in May 4th, Brazil imported 14 thousand and 800 tons of non alloy long timber in April, down 1 thousand and 100 tons in last year's 15 thousand and 900 tons.
In April, Brazil imported the largest amount of timber from Korea, reaching 4556 tons, although it dropped by 15.1% from 5367 tons last year.
Last month, only 249 tons of imported materials were imported from Turkey, down 85.6% from 1727 tons last year.
In the first four months, Brazil imported 85 thousand tons of long timber, up 50.2% from 57 thousand tons last year.
Due to higher costs and the revival of the construction industry, the price of rebar in Brazil was relatively strong in May.
The monthly reference price of Brazil rebar has risen from 2200-2400 reya / tonnes (US $623-680 / ton) last month to 2380-2580 reya / tonnes (US $674-731 / ton) this month.
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On May 8, 2018 at 9:16 in the morning, by the China Metallurgical jiaonai design and construction of the China 22mcc Belt and Road Initiative "key project - Malaysia Kuantan Industrial Park, 3 million 500 thousand tons of Steel Project No. 2 coke oven put into production smoothly.
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According to foreign media reports, Indian Ministry of Industry and Commerce officials stated that India is “seriously considering” the WTO's complaint against the US steel and aluminum tariffs unless India receives Trump's metal tariff exemption.
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On the 12th, local time, the US Department of Commerce decided in the final judgment of the annual anti-dumping tariffs for oil-specific pipes to impose a 75.81% anti-dumping tariff on South Korean steel company Nexteel and 6.75% anti-dumping tariffs on companies such as Worldsteel.
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The Ukrainian Steel Manufacturers Union Ukrmetallurgprom issued a news on April 5. In the first quarter of this year, Ukrainian crude steel production fell 3% from the same period last year to 5.23 million tons.
Steel is one of the most exported Ukrainian products
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According to the report of the Basler Zeitung, the Swiss State Economic Affairs Agency has already applied for the United States to grant its tariff exemption;
The Trump government is expected to make a decision by the end of April. According to the Swiss National Chamber of Commerce and Industry (Economiesuisse), an annual value of 90 million Swiss francs of export products will be affected by U.S. tariffs.
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In March 19, 2018, the Ministry of economic, industrial and foreign trade of Costa Rica issued a bulletin on the Official Bulletin No. fifty-first of 2018, and decided to apply for the application of Ansai romittal Costa Rica company to launch a survey on the safeguard measures for universal carbon and alloy steel bars. According to the bulletin clause, the investigation will be opened after the 10 natural days of the announcement. The Costa Rica import tax rate for products involved is 721420000010, 7214200000090, 721499200010722830000010722850000010 and 722860000010.
The interested parties are invited to register their complaints within 8 working days after the announcement and submit their answers in accordance with the requirements of the investigation organs within 45 natural days, and the answers may be postponed.
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According to the report of the South African Daily News website on March 23, the Department of Trade and Industry of South Africa has formally submitted an application for seeking exemption from steel and aluminum duties to the United States. The ambassador of South Africa to the United States also recently traded to the National Security Council,