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steel import - Latest news GMK Center

Photo – India seeks to protect steelmakers under free trade agreements
India seeks to protect steelmakers under free trade agreements

The Ministry of Steel considers the condition of «melt and pour» as a countermeasure to transit exports

Photo – Indian traders are buying cheaper steel from China
Indian traders are buying cheaper steel from China

Chinese steel products are offered at deep discounts, which is a problem for local producers

Photo – India to refrain from duties on certain steel products from China – Reuters
India to refrain from duties on certain steel products from China – Reuters

In this way, consumers will be protected, despite the damage to steel producers.

Photo – China increased steel export by 31.3% y/y in January-June
China increased steel export by 31.3% y/y in January-June

In June, Chinese steel companies shipped 10.1% less steel abroad than in May

Photo – USA imported 2.4 million tons of steel in May
USA imported 2.4 million tons of steel in May

The import of rolling stock in the USA for the month amounted to 1.93 million tons

Photo – UK Steel calls for faster implementation of UK CBAM
UK Steel calls for faster implementation of UK CBAM

The association warns of a possible influx of large volumes of imports into the country

Photo – China increased the export of steel products by 40.9% y/y in January-May
China increased the export of steel products by 40.9% y/y in January-May

In May, Chinese steel companies shipped 5.3% more steel abroad than in April

Photo – India may roll back countervailing duty on stainless steel imports
India may roll back countervailing duty on stainless steel imports

The Ministry of Finance has already been recommended to introduce a duty of 19%

Photo – Turkish steel producers call to limit the import of steel products
Turkish steel producers call to limit the import of steel products

The volumes of steel imports to Turkiye for January-April 2003 increased by 11.9% y/y

Photo – The USA increased steel imports by 9.4% m/m in April
The USA increased steel imports by 9.4% m/m in April

The import of rolled steel in the USA for the month increased by 1.4% m/m

Photo – Producers urge EU to lift steel import safeguards
Producers urge EU to lift steel import safeguards

The Italian Assofermet also made a corresponding request

Photo – EU importers show increased interest in Asian rolled products
EU importers show increased interest in Asian rolled products

Quotas for the import of such products in the second quarter of 2023 have been exhausted by 96%

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