Steel News

Alliance Launches New Site

Alliance Steel Trading launches new site.  A little refresh after seven years is good!   Hopefully you will find the information you need, formatted for mobile devices as well as laptop and desktop computers.  If you can’t find what you need, please use the phone and call us and we’ll[…]

US mills file dumping suit on coated flat rolled products

Allege coated sheet dumping margins of 71-124% US coated sheet steel producers filed allegations with US government agencies today alleging dumping margins of roughly 71-124%. The petitioners alleged dumping margins of 120.2% for China; 71.09% for India; 123.76% for Italy; 80.06% for South Korea, and 84.4% for Taiwan. The domestic[…]

Mittal loses $955 Million in 4th quarter 2014, expects tough 2015

“ArcelorMittal, the world’s largest steel maker, posted a fourth-quarter loss on Friday on weak iron ore prices and a torrent of Chinese exports that have flooded global steel markets and crimped steel pricing. The Luxembourg-based metals and mining company said it lost $955 million, compared with a $1.23 billion deficit[…]

Goldman Sachs Upgrades Nucor (NUE) to Buy

Goldman Sachs upgraded Nucor (NYSE: NUE) from Neutral to Buy with a price target of $52.00. Analyst Sal Tharani noted its exposure to the recovery in non-residential construction, low cost structure, and strong balance sheet. “We upgrade shares of Nucor to Buy from Neutral as we believe investors should be[…]

200 metric ton surplus 1070 wire rod

We have subject to prior sale the following Diameter: 5.5 mm Coils: 2.12 metric tons Condition slight rust Location Southeast USA Photos and chemistry available upon request. Payment in advance or at time of shipment unless otherwise agreed.

China Tax rebate – final thoughts

It appears that mills in China are asking customers to add .30 – .45 Chromium to their steel grades. With this level, the mill can declare the exported steel as “alloy” thereby qualifting for the tax rebate. I had some questions for my friend who works in the export department[…]

China Tax Rebate, Part 3

Is Chromium the new Boron in China? As we were informed by one of our Chinese Steel mill  friends, some mills are attempting to add Chromium to their steel so they can call carbon steels “alloy” and qualify for export rebates. The funny thing is, customers are wary of wire[…]

China Tax Rebate, part 2

As mentioned in the first post, now that boron added steels are no longer eligible for the 13% export tax rebate in China, a new method or element would be found to replace Boron. Today I learned what that is from a Chinese supplier who advised, “China removal tax refund[…]