Thu. Jun 30th, 2022

According to statistics from the US Department of Commerce, US steel (including U, I, H, L, T-steel) exports in October this year, totaling 28790 tons, down 15.8% from the previous month, down 12.9% year-on-year.In terms of value, October steel exports were $ 38.2 million, while September was $ 45.9 million, and October was $ 30.3 million last year.October steel’s main export destinations are: Canada, 21109 tons, September is 28666 tons, 26,746 tons last year; Mexico, 6747 tons; no other export destination higher than 1000 tons.

 

According to reports, Albchrome, the subsidiary of the Balfin Group of Albania, will be sold to Turkish Chrome Production Merchants Irli Group (Yildirim).Robert Yildirim, CEO of Ir Group, said that the Group will complete the acquisition of Albchrome at the end of January 2022.The transaction will be a full cash acquisition, and the transaction amount has not been announced.The final price will be determined according to the existing inventory of Albchrome.Albchrome is Albania’s largest chrome and chrome manufacturer, with a year of chrome mineral capacity of 146,000 tons; Ir Group is a company group in 28 countries engaged in mining, port and chemical business.

 

the European Commission issued an announcement and decided to initiate review of the STEEL PRODUCTS protection measures.The main contents of this review include: (1) Distribution and management of tariff quotas; (2) whether traditional trade is crowded; (3) Whether the import of \”WTO’s developing countries\” will continue to be exempted;The degree of liberalization; (5) Changes in the US 232; (6) Other changes that may result in changing quotas and sharing.The results of the review are expected to be made not late from June 30, 2022.On March 26, 2018, the European Commission was investigated on the initiative of imported steel products.On July 18, 2018, the European Commission made a prelusion of this case.On January 4, 2019, the World Trade Organization (WTO) Protection Measures Committee issued the EU delegation to report on the implementation of the guarantee measures submitted on January 2, 2019, decided to levy 25 on the exterior imported steel products before February 4, 2019% Guarantee measures tax.On January 31, 2019, the European Commission implemented the implementation of imported steel products.

 

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