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Restrictions on steel imports could jeopardize the EU’s 2030 renewables target - WindEurope

EU countries will discuss tomorrow a proposal from the European Commission on protective measures on steel imports to the EU. The EU will then vote on the measures, which aim to restrict steel imports from third countries to the EU until July 2021. WindEurope CEO Giles Dickson said “It’s good the Commission have opted for an annual increase in the steel import volumes. But 5% is very low: we expect demand for steel in offshore wind alone to rise by 36% in 2019. It’s in nobody’s interest for access to steel volumes to turn into a scramble for raw materials with other sectors like we’re all chasing seats in musical chairs. Not least when our own sector has binding EU renewables targets it’s got to help meet. If we have to pay tariffs on our steel imports the price of wind energy will increase. Steel makes up over half the material used in wind turbine production. Tariffs could add 18% to the price of turbines. This would offset the cost reductions we’ve achieved in recent years. And mean achieving the EU’s 32% renewable energy target for 2030 will cost society more than is necessary. And it would put European turbine manufacturers at a disadvantage to Chinese competitors that source domestic steel at much lower prices. We call on European countries and the Commission to agree a higher annual rate of increase in non-tariff volumes than the proposed 5% when they vote on Friday.”

Steel import restrictions to the EU come as a response to similar measures adopted by the Trump Administration in March 2018. The European Commission applied a first set of safeguard measures in July 2018 to shield the European steel industry from trade deflection from the US. The provisional measures were designed as a global tariff-rate quota. This meant 25% duties on steel imports apply once the EU exceeds conservative predefined steel import volumes. The revised safeguard measures will now mean import volumes per steel category will increase by just 5% every year until 2021. Import volumes will be set based on a mixed system of global and country-specific tariff-rate quotas.

Source : Strategic Research Institute
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India mulling import duty hike on iron ore - Report

PTI, citing sources, reported that Indian government is considering raising import duty on iron ore, a key raw material used in steel making, with a view to protecting the domestic industry. Sources said “The matter is under discussion among different ministries including steel.”

The development assumes significance as recently Karnataka Chief Minister H D Kumaraswamy wrote to Prime Minister Narendra Modi regarding issues of the sector in the state and sought a hike in the import duty on the mineral. The chief minister had stated that steel companies are importing a huge quantity of iron ore at a time when the country is facing the problem of large trade deficit. Seeking the prime minister’s intervention, Kumaraswamy had requested to suitably raise the import duty on iron ore and pellets. He said “The low import duty of 2.5% encourages steel players to go for import rather than utilising the local ore.”

Earlier, apex mineral body Federation of Indian Mineral Industries (FIMI) too had urged the government to take immediate steps to encourage export of iron ore from Karanataka and increase import duty on iron ore and its pellets to 30% to check imports.

Source : PTI
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Mr Sanjeev promises strong US growth following $320m deal

International industrialist Sanjeev Gupta visited Illinois to welcome over 1,000 US steelworkers to the global GFG Alliance and pledged to establish Liberty Steel USA as the country’s largest producer of wire rod within the next year. During a visit today to the flagship Peoria, Illinois steelworks, following his acquisition of Keystone Consolidated Industries (KCI) for USD 320 million this month, Mr Gupta promised a big increase in output from Liberty’s US mills and signalled further American acquisitions.

He disclosed that Liberty is already examining proposals to boost permitted liquid steel production at Peoria from 800,000 to 1.1 million tons a year and, as part of its GREENSTEEL strategy, is exploring the potential to build a combined-cycle natural gas power plant on the site to cut carbon emissions by half, slash energy costs and enable further expansion of output from the site’s electric arc furnace (EAF).

In addition, he announced that Liberty is looking closely at restarting the second EAF at Liberty Steel Georgetown, South Carolina, adding up to 500,000 tons of capacity there. Liberty, which entered the US with the successful reopening of Georgetown last year, is aiming to secure total US GREENSTEEL production capacity of 5m tons per annum by the end of 2020.

The KCI acquisition raises Liberty Steel USA’s current total EAF melting capacity to 1.8 million tons per annum and gives it pivotal plants on the East Coast and in the Midwest manufacturing heartland, as well as 1.5 million tons of wire rod rolling capacity, substantial value-added downstream businesses and over 1,300 employees based across Illinois, Ohio, South Carolina, New Mexico, Texas, Georgia, Florida and New York City.

Source : Strategic Research Institute
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Chinese steel exports could remain low in 2019 - Jefferies

Reuters reported that Jefferies Financial Group says that Chinese steel exports are likely to remain low in 2019, but it is possible exports increase modestly. China’s exports unexpectedly fell the most in two years in December, pointing to further weakness in the economy in 2019 and deteriorating global demand. Brokerage says fall in Chinese exports in 2018 despite Yuan’s depreciation and domestic market volatility offers welcomed breathing room to Western markets

Jefferies says ArcelorMittal remains its preferred play on a structurally improved global steel market, Thyssenkrupp and Voestalpine stand out in Europe, while it prefers MT and SSAB. In the US, Nucor, Steel Dynamics, Commercial Metals Co and Reliance Steel & Aluminum offer defensive positioning.

Source : Reuters
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Indian steel export strategy getting increasingly diversified – Mr Sushim Banerjee

Mr Sushim Banerjee DG of INSDAG in his personal capacity wrote in FE that traditionally, Indian steel producers undertake exports as and when either it is difficult to market more volume in the domestic market or the external market offers relatively higher realisation. In the first case, it is known as exportable surplus and there is no conscious effort to create a permanent destination to be explored and nurtured for future shipments and due to the inevitable nature of the exports having been undertaken to clear the inventories, the efforts to negotiate a better deal are also absent. In the second case, which is a rarity as high global prices always result in higher domestic prices, a need is felt to look for a stable destination that would offer long time prospects with a scope for negotiating a better deal which contributes to export of value added steel, establish a competitive supply chain and ensuring business with large institutional buyers and reputed agents.

The multilateral trading pattern as the above simplistic version of the market mechanism indicates, has undergone significant changes giving way to bilateral treaties, free trade agreements and pacts amongst a block of countries.

WTO (formerly GATT) that was formed in 1990s with a laudable objective of promoting free and fair trade and framed guidelines and policies to arrest predatory pricing via anti dumping and countervailing duties, the subsidies offered by various countries to the indigenous industries, safeguarding the interest of countries affected by sudden surge in imports and declaring policies against tariff and non-tariff barriers, played its role quite effectively during the last two decades.

For the last 6 years, the role of WTO had visibly weakened with the signing of more than 350 bilateral agreements and a plethora of AD/CVD cases. Since 2017, the world steel trade had a paradigm shift with President Donald Trump’s emergence as the protector of the US’ economic interests and the country continued to come out with all bilateral or regional treaties (Trans Pacific Partnership, NAFTA renamed as USMCA, among others). The Dispute Settlement Body of WTO has literally lost its relevance, although India has approached it for finding a solution to the unilateral announcement of duty hike on steel and aluminium by the US. Already, Argentina, Australia, Brazil and South Korea have entered into quota arrangement with the US to get an access to around 25-28 million tonne of annual imports. China has retaliated with enhanced duties on imports from the US which is in all probability going ahead with duty hike at the end of 90 days’ deadline.

India has expressed its willingness to negotiate with the US before retaliating against duty hike. While the US market has created a stiff barrier to imports from other countries, EU has identified major exporting nations like China, Brazil, Turkey, Vietnam, Ukraine, India, Indonesia, Mexico, Thailand to serve safeguard duties on selected product categories.

The above facts establish that global trade is currently replete with significant route barriers and steel exports now require a more detailed planning on the impact of concluding the export deal on the viability of the importing country’s domestic industries. As the global market size is getting squeezed, the export penetration is becoming all the more strenuous.

Source : Financial Express
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AISI update on Raw Steel Production in US in Week 02

In the week ending on January 12, 2019, domestic raw steel production was 1,891,000 net tons while the capability utilization rate was 79.8 percent. Production was 1,715,000 net tons in the week ending January 12, 2018 while the capability utilization then was 73.6 percent. The current week production represents a 10.3 percent increase from the same period in the previous year. Production for the week ending January 12, 2019 is up 0.8 percent from the previous week ending January 5, 2019 when production was 1,876,000 net tons and the rate of capability utilization was 80.0 percent.

Adjusted year-to-date production through January 12, 2019 was 3,231,000 net tons, at a capability utilization rate of 79.5 percent. That is up 9.9 percent from the 2,940,000 net tons during the same period last year, when the capability utilization rate was 73.6 percent.

Broken down by districts, here's production for the week ending January 12, 2019 in thousands of net tons: North East: 223; Great Lakes: 731; Midwest: 206; Southern: 654 and Western: 77 for a total of 1891.

Source : Strategic Research Institute
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European Commission restarts Tata-Thyssenkrupp steel merger probe, sets new deadline of Apr 29

SP Global reported that the European Commission said that it had restarted its investigation into the proposed merger of Tata and ThyssenKrupp's steel operations following a suspension of the case in December, setting a new deadline of April 29. EC confirmed to S&P Global Platts that the suspension of the investigation ended last week, with the new April deadline set

The commission paused the case in December to waited for required documents and information which the companies failed to submit in September when they notified the EC about the merger.

The initial deadline was March 19, but had already been extended once following concerns regarding primarily flat carbon steel for automotive applications, metallic coated steel for packaging, and grain-oriented electrical steel.

Source : SP Global
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EU steel export quotas would be tough blow to Serbia - Mr Vucic

Tanjug reported that Serbian President Mr Aleksandar Vucic once again asked the EU to assist Serbia when it makes a decision on steel export quotas on Wednesday, which he said was hugely significant for the country. Mr Vucic, after a meeting with EU ambassadors, said "I would like to ask EU Trade Commissioner Cecilia Maelstrom, with whom the PM will meet today, as well as European Commission President Jean-Claude Juncker and everyone else, to assist Serbia.”

He expressed the hope that, in line with a far-stretched wording in the Stabilisation and Association Agreement, Serbia could join the likes of Norway, Iceland and Lichtenstein.

Source : Tanjug
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MMK takes part in recovery effort following building collapse in Magnitogorsk

On the night of 31 December 2018, part of a ten-storey apartment building in Magnitogorsk collapsed following a gas explosion. The explosion and subsequent collapse claimed the lives of 39 people. Employees of Magnitogorsk Iron and Steel Works and the MMK Group were involved from the beginning of the rescue effort. MMK deployed special equipment at the scene of the accident, while employees helped the fire and search-and-rescue services to help clear the rubble and rescue survivors. Among those involved were gas rescuers and technicians, drivers and mechanics, machinists and electricians, and many more. Their work has earned high praise.

The First Deputy Minister of Emergency Situations, Mr Alexander Chupriyan, sincerely thanked the city’s residents and volunteers for supporting the rescuers. The round-the-clock work was supported by a field kitchen and heated areas. Thanking everyone who took part in this search and rescue operation, Alexander Chupriyan singled out the regional and city authorities, MMK, workers of all the rescue services involved, volunteers and all concerned people of Magnitogorsk: “I have not heard from these people a single complaint or discontent. Nobody talked about personal time. They were with us for days and nights. They even delivered tea to us. Thank you very much. Such a united, genuine team.”

The Governor of Chelyabinsk Region Boris Dubrovsky and city head Sergey Berdnikov expressed gratitude to the management and employees of MMK for their help and support.

MMK CEO Mr Pavel Shilyaev expressed the company’s gratitude to 118 employees who were most involved in the emergency response efforts for their timely and high-quality work.

Source : Strategic Research Institute
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Keep safeguards in place to protect Canada's steel industry - USW

Ken Neumann, National Director of the United Steelworkers union (USW) said that, with no sign of US steel tariffs ending anytime soon, the federal government must continue safeguard measures on several categories of foreign steel imports, which surged throughout much of 2018. He said "Our members themselves are appearing this month before the Canadian International Trade Tribunal (CITT) to make the case for extending safeguard measures beyond the original 200-day period that began in October. The union's participation in CITT proceedings is critical for making a decision that takes into consideration impacts on workers and communities as well as companies. The need to extend the safeguards is compounded by the continuing unfair, US imposed, 25% tariffs on Canadian steel. The Liberal government has so far failed in its efforts to end this attack on Canadian jobs in a critical industry."

Abnormal increases of foreign steel imports into Canada are the result of initial tariffs imposed by the US on much of the world last March, and prior to the start of tariffs on Canadian steel to the US in June.

The CITT's mandate in the current inquiry is to determine whether imports of certain products are causing injury or threat of injury to domestic producers and warrant safeguard measures to stabilize the Canadian steel market in seven steel products.

USW members from Algoma Steel Inc., Stelco, Ivaco, Tenaris, ArcelorMittal, Nova Tube, Evraz and AltaSteel are attending the CITT Ottawa hearings, which are scheduled to end on January 24.

Source : Strategic Research Institute
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Construction industry drives demand for steel in UAE and GCC region

Demand for steel products across the UAE and the GCC region is set to continue to increase, driven by a strong pipeline of construction projects as the country prepares itself for the Expo 2020 Dubai event, experts at SteelFab 2019 said. The 15th edition of the event was inaugurated by Sheikh Khalid bin Abdullah Al Qasimi, Chairman of the Sharjah Ports and Customs Department, and brings together more than 300 companies that represent some of the world's leading manufacturers and suppliers.

Exhibitors will showcase the latest innovations belonging to more than 1,000 brands that specialise in welding, cutting, grinding, pipe and tube machinery, and other technologies and solutions. Experts at the event will also highlight the latest innovative solutions that will solve the daily challenges faced by companies and factories, such as high-capacity systems for handling panels and rebar systems.

According to the World Steel Association, global steel demand was set to increase 1.8 per cent year-on-year in 2018. The association has also estimated that demand will grow 0.7 per cent to 1.63 billion tonnes in 2019, compared to 2018.

Experts said that steel production is fairly fragmented across the GCC, and that the UAE's demand for steel and steel products has made it one of the largest consumers in the GCC region. The region has continued to increase its investments in construction projects, mostly in preparations for mega events such as the World Expo 2020 in Dubai and the Fifa World Cup 2022 in Qatar. It is anticipated that steel consumption in the UAE will grow at a CAGR of eight per cent between 2016-20.

Mr Abdullah Sultan Al Owais, chairman of Sharjah Chamber of Commerce and Industry, emphasised the importance of SteelFab as an annual forum for the global and regional metal working industry to discover the latest products and technologies. He also noted that the event is in line with the UAE's plans to raise the industry's contribution to its GDP from its current rate of 14 per cent to 20 per cent by 2021, especially since there are expectations that the demand for iron and steel products will continue to increase due to spending in the infrastructure sectors of the country.

According to Fitch Solutions, the Mena construction industry is estimated to grow at an average rate of 7.5 per cent year-on-year basis in 2019 and will expand at an average rate of 6.8 per cent every year until 2022. Meanwhile, the UAE currently boasts a construction pipeline of 11,334 projects valued at USD 272.7 billion as of November-end 2018, according to construction intelligence platform BNC Network.

Source : Khaleej Times
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Nanjing upgrades EAF with injector technology from SMS Group

Nanjing Iron and Steel Co Ltd, China, has placed an order with SMS group to supply new SMS group ConSo R6 injectors for the electric arc furnace No 3 in Luhe, Nanjing. Erection and commissioning of the equipment are scheduled for 2019. The main goal of the upgrade is to cope with the future reduction of hot metal by replacing it with scrap in the charge. For this purpose, efficient injector technology is required. Furthermore, the upgrade will reduce operating costs and increase productivity.

The injector design was developed using computational fluid dynamics (CFD). The new lightweight construction, ten percent lighter than previous version, is particularly easy to maintain.

The SMS group ConSo R6 water-cooled copper boxes in monoblock design are not susceptible to cracking and effectively prevent water leakage. The integrated flashback detection system allows continuous monitoring of the ConSo R6 injector. The injector, which can be operated in burner or oxygen injector mode, additionally provides for automatic management of the melting profiles, ensuring excellent efficiency.

The SMS group scope of supply includes three ConSo R6 injectors, water-cooled copper boxes, the respective valve stations, an integrated flashback detection system as well as supervision of the erection and commissioning activities.

Source : Strategic Research Institute
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JSW Steel unlikely to bid for Uttam Value & Galva Metaliks - Report

ET, citing three people aware of the development, reported that JSW Steel is unlikely to bid for Uttam Value Steels and Uttam Galva Metaliks as its chances of securing Bhushan Power and Steel get stronger. The report quoted a source as saying that “JSW Steel is not interested in the assets anymore.”

JSW Steel had put in an expression of interest in October for the twin stressed assets that together owe INR 5,400 crore to lenders. However, ET had reported Monday that JSW Steel will not be facing competition from Tata Steel for its INR 19,700 crore offer for Bhushan Power and Steel withTata Steel unwilling to revise its bid. With its position cemented further it may not bid for the firms that would have added to its downstream capacities.

Source : ET
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Primo Water wins exemption from steel tariff

Bizjournals reported that Winston-Salem-based Primo Water Corp has won an exemption from steel tariffs on Chinese imports, according to a report in the Winston-Salem Journal, the exemption is retroactive to July when the federal government enacted the 25 percent tariff. The exemption will remain in place for Primo through December.

Primo is a a leading provider of multigallon purified bottled water, self-service refill water and water dispensers. Last year, it appealed to the Office of the US Trade Representative for an exemption because of the materials it uses for dispensers.

The company reported that its gross margin for the dispensers segment decreased in the third quarter to 5.2 percent from 12.3 percent a year ago. The Journal said that during an investor presentation Monday, the company attributed the decline to the tariffs.

The company said that "Primo believes the lower sales price (with the tariff exemption) can drive consumer demand of its water dispensers and generate future water households.”

Source : Bizjournals
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Ultra-thin hot rolled strip 0.6 millimeters produced on Primetals Technologies Arvedi ESP line at Rizhao

In October 2018, an Arvedi ESP (Endless Strip Production) line installed in a plant belonging to the Chinese steel producer Rizhao Steel Group Co Ltd produced ultra-thin hot strip with a thickness of just 0.6 millimeters for the very first time. Hot strip as thin as this had never before been achieved anywhere in the world. This thin strip can cover more than 80 percent of regular commercial cold-rolled thicknesses. This widens Rizhao's range of products, especially for cold strip substitutes. After the line entered service in April, success was achieved just six months later.

Following on from 10 years of continued development of the endless concept, this latest production record was achieved during a test in which eight coils were produced with strip thicknesses of less than 0.8 millimeters. This production sequence involved first progressively reducing the strip thickness to 0.75, 0.7 and finally 0.6 millimeters, before continuing the sequence with increasing thicknesses. ESP mills are guaranteed to produce strip thicknesses of 0.8 millimeters, which are used industrially and traded on the market for direct applications. Whereas a strip thickness of 0.8 millimeters covers around 50 percent of cold-rolled thicknesses, a strip thickness of 0.6 millimeters can cover more than 80 percent of cold-rolled thicknesses. Conventional hot strip production has a lower thickness limit of 1.8 millimeters, or 1.2 millimeters for special processes.

This success was made possible by the familiar properties of the ESP process, such as an extremely high process stability accompanied by constant speeds and temperatures. At the same time, advances were made in technologies that, in their original form, had only been used in cold rolling mills for high-quality products, the process being controlled by "ultra-thin rolling technology" based on the control concepts applied in cold rolling technology.

The Arvedi ESP system produces hot strip directly from liquid steel in a continuous, uninterrupted production process in a linked casting and rolling mill. Mills of this type have an energy consumption and associated costs up to 45 percent lower than those of conventional mills with separate casting and rolling processes. They also have substantially reduced CO2 emissions. Furthermore, the dimensions of these mills, with a length of only 155 meters, are considerably more compact than those of conventional casting and rolling mills. The casting and rolling line is controlled by standardized, integrated basic (level 1) and process (level 2) automation, which ensures finely coordinated interaction of the casting and rolling processes.

Source : Strategic Research Institute
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Chinese steel producers profits surge as capacity slashed

Xinhua reported that Chinese steel producers saw their profits surge in the first 11 months of 2018 as the sector's overcapacity was slashed amid the supply-side structural reform. Data from the China Iron and Steel Association showed the combined profits of its members' enterprises jumped 63.54 percent year on year to 280.2 billion yuan (about 41.5 billion US dollars) in the first 11 months of 2018. Their debt ratio declined to 65.74 percent by the end of November, down 3.39 percentage points from a year earlier, with half of the enterprises seeing a debt ratio of below 60 percent.

The improvement in corporate profitability came after the country fulfilled its goal of reducing the steel industry's capacity by 100 million-150 million tonnes from 2016 to 2020 ahead of schedule.

By the end of 2017, steel overcapacity had already been slashed by over 115 million tonnes.

Mr Yu Yong, CISA chairman, at a conference of the association said that "The market environment has improved markedly, and the bloated capacity has been effectively addressed.” However, he cautioned that the foundation for sustained profitability remains shaky as costs have increased while steel prices have started to retreat due to such factors as lower demand and growing output.

Source : Xinhua
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IFCI moves NCLAT against AION-JSW bid for Monnet Ispat

Mint reported that IFCI Ltd, the erstwhile Industrial Finance Corp of India, has challenged the AION Capital-JSW Steel Ltd resolution plan for Monnet Ispat and Energy Ltd, which treats IFCI’s secured loan as unsecured debt, before the National Company Law Appellate Tribunal (NCLAT). The division bench of justices S.J. Mukhopadhaya and Bansi Lal Bhat in its ruling on 10 January “One of the grounds taken by the appellant is that the resolution plan discriminates between Monnet Ispat’s financial creditors and, thereby, is against the ratio laid down by this appellate tribunal in the Binani Industries Ltd vs Bank of Baroda case.”

The NCLAT has directed the resolution applicants (AION-JSW) to either modify the financial matrix of the resolution plan or to argue on its legality at the next hearing. It will next hear the matter on 29 January.

Monnet Ispat owes around INR 158 crore to IFCI.

Last April, Monnet Ispat’s committee of creditors (CoC) had approved the resolution plan to revive the distressed steel manufacturer. Subsequently, the resolution professional (RP) had submitted the AION-JSW resolution plan to the National Company Law Tribunal (NCLT) for approval. In July 2018, the tribunal had approved the INR 2,875-crore plan by the AION-JSW Steel consortium, which was the sole bidder for the assets. Monnet Ispat’s debt stood at INR 11,000 crore.

Source : Mint
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Shagang raises ferrous scrap buying price USD 12 per tonne

SP Global reported that China's largest ferrous scrap consumer Jiangsu Shagang Group increased its buying price for heavy melting scrap by Yuan 80 per tonne (USD 12per tonne ) from Sunday due to tighter supply and slight rebound in domestic steel prices. As a result, Shagang will pay Yuan 2,650 per tonne, including value-added tax, delivered to Zhangjiagang, for heavy melting scrap with a minimum width of 6mm.

The mill previously had lowered its buying price by Yuan 30/mt on December 26.

Other major mills in eastern China like Nanjing Steel, Yonggang Steel, Zenith Steel and Maanshan Steel also followed Shagang and raised their scrap buying prices by Yuan 60-80/mt on Monday.

The mill has rolled over its domestic rebar and wire rod list prices for sales over January 11-20, as S&P Global Platts reported. The price of Shagang's 16-25 mm diameter HRB 400 rebar will remain at Yuan 3,880 per tonne (USD 574 per tonne), including 16% VAT.

Meanwhile, the most-traded rebar contract on the Shanghai Futures Exchange that for May delivery increased by Yuan 36 per tonne (or 1%) Monday to close at Yuan 3,575 per tonne.

Source : SP Global
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Port Hedland iron ore shipments to China jump 14% MoM in December

Reuters reported that the Pilbara Ports Authority said that iron ore shipments to China from Australia’s Port Hedland terminal rose 14% in December from a month earlier. Iron ore shipments to China from the world’s biggest iron ore port totalled 37.4 million tonnes in December, compared with November’s 32.9 million tonnes

Port Hedland is used by three of Australia’s top four iron ore miners, BHP Billiton, Fortescue Metals Group and Gina Rinehart’s Hancock Prospecting.

Source : Reuters
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ABP strengthens business with new steel contract at the Port of Immingham

ABP says it has secured new business handling 40,000 tonnes of steel each year at the UK’s biggest port, the Port of Immingham. Freight forwarding company R.M. Maritime, has chosen ABP to expertly handle steel destined to be used in the construction industry in the UK. The first shipment saw ABP successfully discharge over 12,579 tonnes of steel beams from the 147-metre-long New Age vessel. The steel imported from United Arab Emirates will be stored externally and then distributed by road to Rainham Steel based in Scunthorpe.

Simon Bird, ABP Humber Director, said: “We’re proud to be able to offer our customers expertise in handling a range of cargoes in an efficient and safe manor. We continually invest in our infrastructure and equipment to ensure that we are offering the best possible service. We look forward to continuing to build upon our strong relationship with R.M. Maritime to help serve the UK and beyond with vital construction materials.”

Jon Brownbridge, R.M. Maritime Managing Director, added: “As dedicated steel freight forwarders, we’re delighted with the manner and professionalism of the operation shown by the entire ABP team; from the planning stages, the discharge of the vessel through to the forwarding of the cargo.”

Source : Strategic Research institute
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