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20180420101046

Anti Dumping Investigation On Imports Of Steel From Taiwan To China

Taiwan launches anti dumping probe into Chinese steel imports

20180420101046Focus Taiwan reported that the Ministry of Finance has launched anti-dumping and anti subsidy investigations into steel products sold by China on the local market in a bid to protect the interests of Taiwanese firms. The ministry said Chinese steel products being looked at by the anti-dumping investigation include galvanized steel, carbon steel plates and cold rolled stainless steel, while the anti-subsidy probe involves hot rolled stainless steel and cold rolled carbon steel.

In addition to protecting local steel manufacturers, the probe aims to provide Taiwan with an additional bargaining chip in talks with the United States as it seek exemption from Washington’s imposition of a 25% tariff on imported steel and a 10 percent tariff on aluminum in March, according to the ministry.

Mr Hsieh Ling-yuan deputy director-general of the MOF’s Customs Administration, said Taiwan has no intention of getting involved in a trade war between the US and China, but launching a probe into China’s steel products is expected to ensure Beijing cannot use Taiwan as a transit point to sell its cheap steel products to the U.S market.

It was the first time in more than three decades the law has been invoked to protect a domestic industry from competition brought about by imports.

Despite negotiations between Taiwan and U.S. trade officials last month, Taipei was not included on the list of exempt countries, though Trump has decided to grant temporary exemptions to the European Union, Canada, Mexico, Australia, Brazil, Argentina and South Korea as it conducts further negotiations with those countries.

Taiwan has said it will continue to seek an exemption through more talks with the US.

20180418140428

China Warns 12 Steel Mills Concerned About Environmental, Safety And Compliance Issues

China pays attention to steel mills’s environmental issues

Reuters reported that China’s industry ministry on Friday said it has ordered 12 steel mills to come back into compliance following breaches of environmental, safety and other regulations, while it has removed another 19 companies from a qualified enterprises list. The breaches range from excessive pollution at Hebei Rongxin Iron and Steel Group to a failure by Shanxi Xintai Iron and Steel to submit a self-inspection report on time, according to a document published by the Ministry of Industry and Information Technology.

The MIIT has been stepping up its attempts to regulate the sprawling steel industry in China, the world’s biggest producer of the metal, while the Ministry of Ecology and Environment and local authorities have also intensified inspections and imposed restrictions on production in key steel cities.

MIIT said that “The inclusion on the rectification list (for the breaches) is a reminder and warning to the company. If the company rectifies the situation within one year, its withdrawal from the list will be studied.”

Explaining its methodology in a separate document, the MIIT said the system was equivalent to issuing yellow and red cards to offenders in soccer, adding that it has been working to “eliminate blind spots” in the steel sector since 2013.

Yellow and red cards are issued to players in soccer matches to warn players on rules violations. A yellow card is a caution and a red card signifies ejection from a match.

Some of the 19 companies taken off the list of qualified enterprises were removed because they have not been producing for more than a year. Others have been incorporated into other firms or carried out capacity swaps, according to the document.

20180413145416

Hello, Tube Düsseldorf 2018

The worldwide no. 1: Tube 2018

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Meet your business partners at the the world’s most important trade fair for the tube and tube processing industry. Business is conducted here; valuable contacts are made and cultivated here; and here you will also see the global innovations that everyone will be talking about tomorrow.

Around Tube 2018 Düsseldorf you will see more than 1,200 exhibitors, 31,000 traders and 98% satisfied customers here.

Our Products

We provide package solutions for hygienic piping system, including hygienic fittings, clamps, unions, manways, sight glass, cleaning balls, ball valves, butterfly valves, diaphragm valves etc.

Porudcts: Fittings, Valves, Clamps, customized fabricated as per drawing/samples.
Materials: AISI 304, 316L, 1.4401, 1.4404
Standard: DIN11851/DIN11850, DIN11852, SMS, BS, IDF, AS, 3A or specific
Surface condition: 0.4?m to 0.8?m
Capacity: 50,000 pcs / month for fittings, and 6,000 pcs for valves.

Visit Us on Tube 2018 Dusseldorf

Wellgreen will participate the event of Tube 2018 in Dusseldorf from April 16 to 20, 2018. During the trade fair, we will take some product samples to there for your evaluation. Our booth number is Hall 17/ D21, it is really nice if you can visit us, I think we can be a good meeting in the fair. If you are not free at that time, we can visit your office if possible as we will stay in Europe for 10 days.

Japan JFE Steel Purchases Scrap From Japan

Japan JFE Steel Purchases Scrap From Japan

JFE Steel will support the domestic scrap market

JFE Steel purchases scrap from the Eastern Japan and Western Japan markets. It is expected that JFE Steel’s scrap promotion will support the domestic scrap market, which has experienced a frantic decline. it is limited due to the limited purchase volume.

Japan JFE Steel Purchases Scrap From Japan

The steel mills in Keihin, eastern Japan, began purchasing scrap last week, while the East Japan mill purchased about 10,000 tons of P&S scrap per month.

The Kurashiki Steel, western Japan, will start purchasing scrap on April 11. Steel mills in western Japan also purchased about 10,000 tons of scrap. However, it was pointed out that some production facilities in the Kurashiki area are out of specification

The procurement was likely to be performed by spot contracts at the end of April.

US Steel Reaches Agreement With Governments Over Spill At Midwest Plant

United States and the State of Indiana resolving water violations

An agreement was filed in the Hammond Division of the United States District Court for the Northern District of Indiana between United States Steel Corporation, the United States and the State of Indiana resolving water violations with respect to the Corporation’s Midwest Plant in Portage, Indiana, including those that occurred in April and October. Under the Consent Decree that sets forth the terms of the agreement, US Steel’s Midwest Plant will undertake substantial measures to improve its operations, minimizing the possibility for reoccurrence of similar incidents at the facility. US Steel will comply with the set of deliverable outlined in the agreement, ensuring that the commitment made to federal and state agencies is fulfilled while safeguarding the community and our shared natural resources.

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US Steel is taking numerous steps to improve upon environmental standards, including: installing a new wastewater piping system and completing containment trench repairs; implementing new spill notification procedures; redeveloping the company”s comprehensive wastewater Operations and Maintenance Plan; implementing a more comprehensive Preventive Maintenance Program Plan; and identifying and evaluating available enhanced wastewater monitoring systems that would promote early detection and alert the company of any potential incidents.

US Steel continually seeks opportunities for improvement in its environmental compliance program, and will apply lessons learned from this process to future operations company-wide.

Seamless Stainless Steel Tubes Duplex 304L, 316L,321 (2)

2017 China Pipe Import Statistics Of Other Countries And Regions

2017 China Pipe Import Statistics Of Other Countries And Regions

Country and region Pipe imports, in tons
2017 2016 Year on year %
Japan 21838 24052 -9.20%
Spain 8838 12709 -30.46%
Korea 7765 9877 -21.38%
Taiwan 6204 4880 27.15%
Germany 4961 5605 -11.48%
Italy 3747 5122 -26.85%
United States 2983 2687 11.02%
India 1769 1904 -7.11%
France 1335 652 104.71%
China 804 433 85.76%
Sweden 423 405 4.66%
Austria 341 472 -27.81%
Netherlands 290 252 14.82%
Thailand 280 254 10.27%
Czech Republic 169 44 285.39%
Switzerland 159 79 102.04%
United Kingdom 155 161 -3.43%
Finland 102 37 177.10%
Singapore 95 81 18.58%
Denmark 95 183 -48.17%
other 597 2108 -71.67%
total 62953 71995 -12.56%
Seamless Stainless Steel Tubes Duplex 304L, 316L,321 (2)

Sanitary Stainless Steel Pipe Market Appears Weakness

Futures have a huge impact on the spot

Futures continued to fall turmoil run, sawing the phenomenon of long and short significantly increased, resulting in sanitary stainless steel spot market prices appear to rise and fall are ineffective.

Seamless Stainless Steel Tubes Duplex 304L, 316L,321 (2)

Sanitary stainless steel pipe inventories lower than the same period last spring demand is tight

From the inventory point of view, the current inventory of the industrial chain is still significantly lower than the same period last year, making sanitary stainless steel pipe market for the spring after the release of demand there is still tight supply expectations. In the middle of the heating season in January, the operating rate of the blast furnace in the northern region rebounded slightly due to the heating. It is expected that the supply of the sanitary stainless steel pipe market will increase in short term and the daily output of crude steel will start to rise in a ring.

Spring Festival years before the purchase of stainless steel pipe willingness to reduce the impact of transport costs increased

At present, only a few days away from the Spring Festival of traditional holidays, the space for market operation is no longer large. The purchase intention of the sanitary grade stainless steel pipe end market has obviously dropped. Most of the construction projects have been stopped except for a few key infrastructure projects and the migrant workers have holidays in advance. Coupled with the recent snow weather suffered in most areas, to transport and transactions have a greater impact. In the case of steel mills, however, it is taking advantage of the recent Winterport policy to attract purchases in this short time ago. However, the high price of sanitary grade stainless steel pipe also makes part of the demand into the wait and see, there is no price market appears again.

In the case of Spring Festival approaching, the winter storage cooling situation, the year before the transaction is difficult to highlight, combined with the sanitary stainless steel market as a whole will continue to rise in inventory, so pre-holiday sanitary stainless steel pipe market will Will enter a gradual consolidation process, but does not line a small number of markets due to short-term adjustment of futures showed slight fluctuations.

Hagens Berman Sobol Shapiro LLP

Hagens Berman Reminds Kobe Steel Investors Of Management’S Admission Of False Data

Hagens Berman Reminds Kobe Steel Investors Of Management’S Admission Of False Data

Hagens Berman Sobol Shapiro LLP reminds Kobe Steel Ltd investors of that securities class action concerning management’s admission that Kobe supplied false data to customers for years. The Lead Plaintiff deadline in the pending securities class action is February 26, 2018.

On October 10, 2017, TheStreet reported in an article entitled “Kobe Steel Shares Are Getting Torn to Shreds After New Scandal Emerges” that the group revealed it falsified data on the strength and durability of copper and aluminum shipments to customers for as much as a decade.

According to TheStreet, Kobe explained “[a] portion of the products traded with customers did not comply with the product specifications which were agreed between the Company and its customers” and “[d]ata in inspection certificates had been improperly rewritten etc., and the products were shipped as having met the specifications concerned.” Kobe reportedly stated the falsifications may have occurred over a period of ten years.

In response, the price of Kobe securities traded down USD 1.30 to close at USD 4.00 on October 10, 2017 a loss of over 24%.

Hagens Berman partner Reed Kathrein said that “We’re focused on the matters leading up to Kobe’s emergency quality audit findings, its belated disclosures and the damages inflicted on Kobe investors.”

Whistleblowers: Persons with non-public information regarding Kobe Steel should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation.

Tata-Steel-logo

Tata Steel Appraises Its Development In 2018 To Be Superior

Tata Steel Appraises Its Development In 2018 To Be Superior

Tata Steel said that in spite of facing various challenges, their company performance in 2017 remained better than the previous two years. As the global steel industry resumed its stability, the development of Tata Steel in 2018 will also be superior to the previous two years.

Tata Steel said that the Indian Ministry of Mines revised the Mineral Concession Rules 1960 in 2014, and Tata Steel was forced to close some mountain mines. In 2015, China increased its global steel exports, including exports to India. In such a challenging environment, Tata Steel still maintained a certain growth rate.

Tata Steel pointed out that due to the Indian government to impose anti-dumping duties and other provisional measures, India”s steel imports from China fell from 10 million tons to 5 million tons.

In addition, the Indian government will also take some measures to stimulate demand for steel, and the steel consumption will increase. Meanwhile, with the development of national infrastructure, the current high level of logistics costs will decline, which will benefit the operating performance of Tata Steel.

 

20180103152447

Central Omega Exported 24,863 Tonnes Of Ferronickel By The End Of 2017

Central Omega exported 24,863 tonnes of ferronickel by the end of the year

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Central Omega Resources (DKFT) hopes to grow aggressively this year and next. Because ferronickel smelters are already operating. In addition to being able to export ferronickel, Central Omega has also obtained a permit to export nickel ore this year, with a quota of 700,000 tonnes.

Feni Silviani Budiman, manager of Central Omega Resources, said that by the end of this year the company had already shipped four vessels, exporting a total of 24,863 tons. “Central Omega, through its Cor Industri Indonesia company, has exported ferronickel to China,” she said.

In the middle of this year, it shipped its first shipment of 7,000 tons to Macrolink Resources Development and Investment. Then transport three more times. “The first ship only transported 7,000 tons, plus a further 3, a total of 24,863 tons. Each tonnage is not the same,” she said.

In fact, Central Omega company set to sell 43,000 tons of ferronickel and 500,000 tons of iron ore this year. The company set a target to sell 86,000 tonnes of ferronickel and 1 million tonnes of iron ore next year.

Cor Omac Indonesia’s Cor Industri Indonesia, a unit of Central Omega, has been operating a ferronickel refinery in northern Morowali County since June this year with a total annual capacity of 100,000 tonnes. The smelter investment value of 1.7 trillion shield.

At present, Central Omega’s three nickel reserves of 30 million tons.

On the other hand, Central Omega is also exploring the possibility of working together or acquiring several mines close to the northern Morowali smelter. “We want three mining licenses (IUPs) to be sufficient, with the goal of getting between 25 million and 30 million tons of reserves,” she said.

This year, Central Omega allocated $ 15 million in capital expenditures for maintenance. This figure is less than last year because there was no smelter funding. The company believes it will generate revenue after two years of construction.