US to raise tariffs on Chinese steel products to 25 percent

In a statement from the White House, US President Joe Biden has announced that existing 0-7.5 percent import duties on Chinese steel products under the Section 301 tariffs will be increased to 25 percent this year. The decision, which was made following a review by the US Trade Representative, is designed to encourage China, the largest contributor to the global steel overcapacity issue, to eliminate its unfair trade practices, the statement indicated. According... Read More

Short Range Outlook : November 2021

Supply and demand balanced in global longs market, energy costs and logistics bring uncertainties Supply and demand are balanced in the global long steel products market, as regional producers are now back to almost normal lead times.  Energy prices are soaring and logistical challenges have made business more uncertain, though underlying demand remains solid in Europe and North America. The ongoing weakness in China may slow its imports, which could... Read More