terça-feira, 28 de junho de 2016

CHINA COULD FILE SUIT AT WTO TO PROTECT ITS STEEL INDUSTRY

China could file suit at the World Trade Organization in order to protect its steel industry, the Commerce Ministry said on Tuesday, after the United States said some steel imports from China were hitting U.S. producers.
The U.S. International Trade Commission said on Friday that imports of corrosion-resistant steel from China and four other countries were harming U.S. producers, the final step in the imposition of U.S. anti-dumping and anti-subsidy duties.
The U.S. Commerce Department had already slapped duties of up to 450 percent on the steel products from China and duties ranging from 3 percent to 92 percent on corrosion-resistant steel from Italy, India, South Korea and Taiwan.
The ministry said Washington's large anti-dumping and anti-subsidy duties would force Chinese companies to pull this type of steel product out of the U.S. market.

"China's steel industry export interests will suffer a serious impact and the Chinese steel industry is strongly opposed to this," the ministry said in a statement posted to its website.

CHINA THREATENS TO GO TO WTO OVER U.S. TRADE PROTECTION MEASURES

China will take every possible measure to fight for fair treatment for Chinese companies, including litigation at the WTO.

ATLAS IRON FOUNDER RESIGNS

Atlas Iron founder and managing director David Flanagan has resigned from the company after returning to the top job to steer the business through a downturn in iron ore prices.
Mr Flanagan returned to the helm of the company just more than a year ago as it mothballed its Pilbara iron ore operations amid tumbling iron ore prices.
He steered the company through a capital raising and negotiated a unique profit-sharing arrangement with suppliers and contractors, which enabled Atlas to bring its mines back into production.

PREÇO DO MINÉRIO DE FERRO FICA EM US$ 53

O preço do minério de ferro permaneceu estável nesta terça-feira, no nível de US$ 53 por tonelada.

A informação é da Steel First.


SAUDI ARABIAN REBAR PRICES FALL AS IMPORTERS WAIT OUT HOLIDAT LULL

Rebar importers in Saudi Arabia preferred to postpone their buying until mid-July as the post-Ramadan eid holiday will start next week and demand in the country was slow.

FITCH RATINGS SEES BENEFITS IN BAOSTEEL, WISCO MERGER

Fitch Ratings agency predicts that the planned merger between Chinese steelmakers Baosteel and Wuhan Iron & Steel (Wisco) will strengthen the merged group’s business profile, it said on Tuesday June 28.

250 EMPLOYEES JOIN THE PLAN TO LEAVE SAMARCO

250 employees from Samarco agreed to join the programme of the company of voluntary resignation of the company.

The number represents 20% of the 1,200 employees that Samarco plans to layoff.