Steel News

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[…]

China’s New Tax Rebate Policy on Boron added Steel Grades

I received this message from a Chinese Steel mill to clarify the new ruling. “Government announced the tax rebate on part boron added steel material is cancelled effective 1st of Jan 2015. Below products are involved: Boron added HR( including Teadrop) Sheet/Plate; (HS. 72254091 &72269191) Boron added Wire Rod, rebar[…]

Twitter @AllianceSteel

In March 2009 we decided to start a twitter account, and when there is something worth sharing, and the spirit moves me, I tweet about it. Today I found an app that summarizes the topics  have been tweeted . Here it is as a “Wordle”

Wire Rod Investigation: China- Preliminary Determination

CVD Investigation of Wire Rod from China – DOC’s Preliminary Determination The U.S. Department of Commerce (DOC) has just released its preliminary determination in the countervailing duty (CVD) investigation of carbon and certain alloy steel wire rod from China. The DOC has determined the following preliminary subsidy margins: (1)  Benxi[…]

Heavy Imports into USA Cause Trade Suits from U.S. Steel Industry

U.S. steel imports are approaching record levels, sparking the highest number of trade complaints in more than a decade and igniting calls for new import tariffs. American steelmakers filed 38 trade cases last year, the highest number since 2001, when the industry won White House backing for higher tariffs and[…]

Nucor (NUE) rated outperform by UBS

I like to know what the “experts” on Wall Street think about various companies.  Here is their current opinion of Nucor from April 5, 2014.  I like Nucor’s aggressiveness in growing their DRI feed stock.  Please do not take my post as a recommendation to buy or sell stock.  This[…]

Sheet pile jobs completed- River Project

The following photo shows a recent project completed using sheet pile that we supplied. We will add a photo or two each week of recent projects.  Keep in mind, we have a civil engineer as part of our team who is a specialist in steel sheet pile, and we can[…]

ArcelorMittal, Bekaert trade stakes in Latin America wire JV’s

SAO PAULO, April 30 (Reuters) – ArcelorMittal SA, the world’s largest steelmaker, and Bekaert Group on Wednesday agreed to swap their stakes in their Brazil, Costa Rica and Ecuador ventures, part of a broader plan to extend a four-decade partnership in fast-growing markets, an executive said. Under terms of the plan,[…]