Japan based Nippon Yakin Kogyo, a producer of high-performance alloys and high-quality stainless steel

Turkiye revised import duties for a wide range of steel products, including stainless steel cold-rolled coils and sheets. However, it is unlikely to bring significant changes in trading volumes.

US imports from Mexico have been steadily declining over the past few months. They dropped 32% month-on-month in June and almost 50% year-on-year to 191,000 tonnes. In June, the US and Mexico jointly issued a US tariff increase to 25% for Mexican steel unless the steel was poured and melted in North America.

Türkiye has surpassed Germany to become Europe’s largest steel producer, according to recent data from January 2024.
The Türkiye Steel Producers Association (TCUD) reported a remarkable 24.7% increase in crude steel production in January 2024 compared to the same period last year, reaching 3.2 million tons.

In the United States, transaction prices for grade 304 cold rolled coil fell minimally in July, while grade 316 registered a small increase.

South Korea’s Ministry of Trade, Industry and Energy has announced that it will initiate an anti dumping duty investigation on stainless steel.

China’s Ministry of Commerce has announced that it will initiate an expiry review of the anti dumping duties on stainless steel billets and hot-rolled stainless steel plates from the European Union, the United Kingdom, South Korea and Indonesia.

China’s Ministry of Commerce has decided to maintain the current anti-dumping duties on imports of stainless steel products from the EU, the UK, Japan, South Korea and Indonesia, Kallanish reports.