Category Archives: steel news

US President Trumpe decided to take advantage of a law that was enacted decades ago to use little law to study new barriers to steel imports, thereby increasing the “US priority” trade policy.

Last week, Trump visited the tool manufacturer. Last week, Trump visited the tool manufacturer.

US President Trump has launched a law that has been enacted decades ago and rarely used to study new barriers to foreign steel imports, thereby increasing the “US priority” trade policy.

Trump held a signing ceremony Thursday afternoon, according to the United States in 1962 promulgated the so-called “Trade Expansion Act” (Trade Expansion Act) to start a special investigation. The Act allows for the imposition of emergency trade sanctions on the basis of national security.

The White House did not elaborate on the nature of the survey, but insiders said the investigation would focus on steel imports, and representatives of the steel industry would attend the signing ceremony. Another person familiar with the matter may also include other products that are considered important for national defense.

Trumpe raised the possibility of foreign tariffs on foreign steel, the US steel stocks rose. Beijing time at 2:30, Hezhong Iron and Steel (NYSE: X) shares rose 8.85 percent, to $ 30.94.

US Secretary of Commerce Ross on Thursday is more clearly pointed out that the US defense spending requires the production of more steel, the United States needs special steel to rebuild its military industry, the United States can not produce all the special steel, and Japan, Japan and other countries Trade protectionism over the United States, will take measures against US steel dumping behavior.

This week, the Turkish sheet market continued to pressure, the referendum results failed to eliminate the uncertainty of the domestic market. Weak domestic and export markets and the global decline in finished steel prices continue to plague the Turkish thin plate market, there are expected downward prices of sheet prices.

In recent weeks, due to weak demand, Turkey’s hot galvanized sheet domestic sheet prices and export sheet prices are down $ 20 / ton. 0.5mm hot galvanized sheet ex-factory price of 730-750 US dollars/ton, 1mm hot galvanized sheet factory delivery price of 660-670 US dollars/ton, about 10 US dollars/ton discount. In the export market, Turkey’s hot galvanized sheet continued to suffer from low-cost resources from India and Vietnam, where the market share was eroded and the spread was around $ 60 / t, and exporters were under pressure.

Turkey’s hot-rolled export market is also affected by the decline in exports of the CIS and China, Turkey’s hot coil offer for the 530-540 US dollars/ton (factory delivery price), hot coil export quotes also fell below 520 US dollars / ton。（2017-04-20）

2016.April 1. this week, the USA domestic crude steel production of 1.692 million short tons, capacity utilization rate of 71.4%. The same period last year production of 168.5 million short tons, capacity utilization rate of 72.1%. Crude steel production rose 0.4% YoY, down 1.9% YoY. March 25, 2016 the week, the US domestic crude steel production of 1.72 million short tons, capacity utilization rate of 72.8%.

Adjusted to April 1, 2016 only, 2016 US cumulative crude steel production was 22.551 million short tons, capacity utilization was 73.2%, an increase of 4.1%. 2016 in the same period were 21.67 million short tons and 71.3%.

Week crude steel production by region, 19.7 million short tons in the northeastern region, the Great Lakes region 657,000 short tons, the central and western 16.9 million short tons, the southern 579,000 short tons, the western 90,000 short tons. The statistic covers about 90% of US crude steel production capacity.