Tax authorities in Ukraine mistakenly apply Platts rules for transfer pricing – Deloitte Some courts support the position of tax authorities In Ukraine, the tax legislation does not limit a taxpayer to using only one database to compare prices for iron ore exports. Therefore, it is a mist...
Thai steelmakers concerned about rising Chinese investments The Federation of Thai Industries (FTI) has stated that the Thailand steel industry is concerned about the consequences of rising Chinese investments and substandard import products in the market and ...
Outokumpu starts commercial production of steel powder Finland-based stainless steel producer Outokumpu has announced that it is taking the next steps in metal powder production with several co-operation and public-funded projects. The company is entering...
Chinese steelmakers reduce September prices for flat rolled products Baosteel cut prices for steel coil for September sales by $14/t China’s largest flat producers (Baosteel, Angang and Bengang) have reduced flat offer levels for September sales, which are expected to ...
A bill to transform the steel industry was introduced in the United States The Modern Steel Act provides for the construction of new steel mills in deindustrialized cities U.S. Democratic Congressman Ro Khanna has introduced a bill to revive the steel industry – the Modern S...
US rig count increases week-on-week while Canadian rig count decreases Baker Hughes has reported that for the week ending on August 9, 2024, the US rotary rig count increased by two to 588. The number of rigs drilling for gas decreased by one to 97, while the number of r...
Ukraine’s law on industrial pollution puts additional pressure on enterprises during the war Ukrainian business has a limited time to implement it The new law “On Integrated Prevention and Control of Industrial Pollution”, signed by the President of Ukraine in August, puts additional pressure...
Steel output and sales of Vietnam rise in January-July According to the Vietnam Steel Association (VSA), in July this year finished steel production in Vietnam totaled 2.53 million mt, increasing by 2.59 percent month on month and up by 5.2 percent year o...
Canadian steel producers demand immediate action against Chinese imports The Canadian Steel Producers Association and the Aluminium Association of Canada has released a joint statement regarding the real impact and ongoing threat of imports from China as well as Chinese ov...
Mexican AHMSA recognizes the bankruptcy of the company due to insolvency The Mexican steel giant Altos Hornos de México (AHMSA) acknowledged that in the coming days it will be declared bankrupt after failing to reach an agreement with its creditors in the bankruptcy proces...
SEAISI: Construction recovers in some ASEAN countries, leading to increased longs imports The South East Asia Iron and Steel Institute (SEAISI) has stated that long steel imports into the ASEAN-6 countries in 2023 amounted to 11.8 million mt, increasing by 10.4 percent year on year, due to...
Kametstal begins reconstruction of key substation The nodal substation is part of the «energy island» of the enterprise In July 2024, the Kametstal Iron and Steel Works began reconstruction of the Novodomenna substation using new European equipment....
