sbb steel markets daily · 12/28/2018 · coking coal, premium low vol ($/mt) fob australia...

Volume 12 / Issue 255 / December 28, 2018

SBB STEEL MARKETS DAILY

www.platts.com www.twitter.com/PlattsSteel

(continued on page 2)

Platts tsI raw materIal assessments, December 28 2018 Symbol Close Change % Chg

IODEX Iron ore fines 62% Fe ($/dmt)

CFR North China IODBZ00 72.70 0.30 0.41Please see Platts complete iron price/netbacks table, p.2-3

Coking coal, premium low vol ($/mt)

FOB Australia PLVHA00 220.00 0.00 0.00CFR China PLVHC00 200.75 0.00 0.00TSI Premium hard, Australian exports (FOB port) TS01034 220.50 0.00 0.00Please see full metallurgical coal price/freight table, p.4

Ferrous scrap ($/mt)

HMS 1/2 80:20 CFR Turkey TS01011 290.00 -2.00 -0.68Please see full ferrous scrap price table, p.6

Singapore—The seaborne iron ore market edged higher Friday on restocking needs from end-users, and mills building inventory on the week.

S&P Global Platts assessed the 62% Fe Iron Ore Index at $72.70/dry mt CFR North China Friday, up 30 cents/dmt from Thursday. The front-month January TSI swap was up 40 cents/dmt from Thursday at $71/dmt.

"Mills located at southern China were buying more seaborne cargoes this week to prepare for Lunar New Year [in early February], and mills' iron ore inventory indeed went up," a Beijing-based trader said.

Another procurement source from Tangshan added that as Jingtang port will be closed over the New Year holiday, many mills were looking to restock for near term production needs.

Restrictions on truck transportation were heard to have been lifted at northern China ports. As a result, buyers were more actively asking for iron ore prices.

Market sources said that the main increase in inventory is from Brazilian fines, and many seaborne sellers who were not able to find buyers had to offload at ports.

Platts' iron ore 62% Fe iron ore port stock index, or IOPEX North China, was assessed at Yuan 566/wmt FOT Friday, down Yuan 3/wmt from Thursday, or at $73.56/dmt on import parity basis.

Seaborne iron ore gains as mills restockIOPEX East China was assessed at Yuan

561/wmt FOT Friday, stable from Thursday, or at $72.93/dmt on an import parity basis.

There were sources concerned about the seaborne iron ore price in January, since the port market remained stable for several days, while seaborne iron ore prices kept rising.

"The profit from discharging seaborne cargoes and selling into Chinese ports is much less than weeks ago, which might weaken the buying interest from traders," a Beijing-based trader said.

Most market participants still prefer to trade cargoes on a floating price basis due to the uncertain market outlook, especially during the end of the year.

Pressure on pellet pricesAs pellet inventory continued to climb this

week, prices are under pressure. A Chinese trader said that this will also put some downward pressure on lump premiums.

"I feel current level is at the top, but hard to tell when would be the turning point," the trader said.

Demand for Roy Hill Lump was falling quickly especially at ports in Shandong. Market sources said that high LOI content significantly impacted demand for the product.

At the same time, buying concentrates

COkIng COal markEt

asia met coal prices stable amid year-end lull

Singapore—S&P Global Platts assessed Premium Low Vol coal at $220/mt FOB Australia, and the CFR China assessment at $200.75/mt Friday, both unchanged day on day.

Market activity in Asia remained muted amid the year-end lull in both the FOB Australia and CFR China markets. Chinese sources, however, shared mixed opinions on buyers' receptiveness to coal buying after the New Year break.

"We are in a downtrend, and the market for January does not look too good for now," a Chinese buyer said. However, a Chinese trader believes that "when prices turn reasonable" there will be buying interest. He added that a reasonable value would be around $196-$198/mt CFR China for Premium Low Vol Saraji.

At Jingtang port, an offer was indicated around Yuan 1,720/mt for PLV Saraji, but no port stock trades were heard concluded this week. Platts assessed PLV ex stock Jingtang at Yuan 1,710/mt Friday, down Yuan 40/mt on the week, equivalent to $211.02/mt CFR Jingtang. For HCC 64 Mid Vol ex stock Jingtang was assessed at Yuan 1,520/mt, down Yuan 40/mt week on week, equivalent to $187.16/mt CFR Jingtang.

— Yi-Le Weng

tODay In raw matErIalS

Scrap market 2

Ferroalloys market 3

Coking coal 4

Other News 5

Ferrous scrap 6

Americas 8

Freight 9

Subscriber Notes 13

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December 28, 2018Sbb Steel marketS Daily

2© 2018 S&P Global Platts, a division of S&P Global Inc. All rights reserved.

IrOn OrE

tsI DaIly Iron ore InDIces, December 28, 2018 Symbol $/dmt Change % ChgTSI Iron Ore Fines 62% Fe CFR China TS01021 72.70 0.30 0.4158% Fe Fines, 1.5% Al, CFR Qingdao port TS01047 65.30 0.30 0.46

Platts DaIly Iron ore assessments, December 28 2018 Symbol $/dmt Change % Chg Diff. to IODEXIODEX 62% Fe CFR North China IODBZ00 72.70 0.30 0.4165% Fe CFR North China IOPRM00 87.55 0.30 0.34 14.8558% Fe Low Alumina CFR North China IONC580 65.30 0.30 0.46 -7.4058% Fe CFR North China IODFE00 46.90 0.20 0.43 -25.80

Per 1% DIfferentIals (range 60-63.5% fe, $/dmt) Symbol within min-max $/dmt ChangePer 1% Fe IOMGD00 60-63.5% Fe 1.35 0.00Per 1% Alumina IOADF10 1-2.5% Al2O3 1.90 0.00 IOALE00 2.5-4% Al2O3 4.00 0.00Per 1% Silica IOALF00 <4.5% SiO2 0.30 0.00 IOPPS10 4.5-6.5% SiO2 0.50 0.00 IOPPS20 6.5-9% SiO2 2.50 0.00Per 0.01% Phosphorus IOPPQ00 0.09-0.12% P 2.03 0.00 IOPPR00 0.09-0.10% P 0.10 0.00 IOPPT00 0.10-0.11% P 2.20 0.00 IOPPU00 0.11-0.12% P 3.80 0.00 IOPPV00 0.12-0.15% P 3.80 0.00

Per 1% DIfferentIals (range 55-60% fe, $/dmt) Symbol within min-max $/dmt ChangePer 1% Fe TSIAD00 55-60% Fe 1.10 0.00Per 1% Alumina TSIAF00 <5% Al2O3 2.30 0.00Per 1% Silica TSIAI00 0.50 0.00

rollIng monthly average Symbol $/dmtIODEX 62% Fe IODBZ04 69.20

$/dmtuSpot lump premium assessment IOCLZ03 0.3439

SCraP markEt

taiwanese import scrap prices stall amid holidays

Singapore—Containerized heavy melting scrap prices to Taiwan stalled on the week due to the holiday lull together with mills’

PLATTS ASIA IRON ORE (IODEX) DAILY ratIOnalE (PMA page 1003)

Singapore—S&P Global Platts assessed the 62% Fe Iron Ore Index at $72.70/dry mt CFR North China on Friday, up 30 cents/dmt from Thursday, in line with tradeable values. Industry sources said that Pilbara Blend fines arriving in February were tradeable at $72.35-$72.75/dmt basis 62% Fe, which normalized in the range of $72.41-$72.81/dmt on IODEX basis. Platts used a backwardation of $1.7/dmt based on the January-February swaps structure. No market data was excluded from the December 28 assessment process.

The above rationale applies to Platts 62% Fe IODEX & TSI Iron Ore Fines 62% CFR China with the associated market data codes: IODBZ00 & TS01021

— Staff

PlattS ChIna IrOn OrE lumP PrEmIum DaIly ratIOnalE (PMA page 1163)

Singapore—S&P Global Platts assessed the spot lump premium at 37.21 cents/dry mt unit on Friday, unchanged from Thursday, in line with tradable values.

Industry sources said the spot lump premium was tradable at 37-37.5 cents/dmtu over January average of Platts IODEX, and 33-36.9 cents/dmtu over February average of Platts IODEX on a CFR China basis.

The tradable values normalized to a range of 33-40.24 cents/dmtu on IODEX basis.

February is the mid-window month of the Platts 2-8 weeks delivery window on December 28.

Platts used a backwardation of $1.7/dmt based on the January-February swaps structure.

No market data was excluded from the December 28 assessment process.

The above rationale applies to market data code: IOCLP00

— Staff

to produce pellet is also a priority for many mills in northern China, as controls on pelletization plants have relaxed.

Platts assessed the spot lump premium at $0.3721/dry mt unit Friday, unchanged from Thursday.

Supply of domestic concentrates is still relatively tight this week due to environmental controls, but procurement sources said that demand has fallen as well on sintering restrictions.

"Our procurement plan for domestic concentrates has reduced by half as our sintering utilization rate was cut by 40%," a procurement source from Hebei said.

However, domestic concentrates are still the most cost-effective product to most end-users in China, compared with imported fines, a Beijing-based trader said.

Platts assessed the 66% Fe domestic concentrate at Yuan 750/dmt delivered to mills in Tangshan Friday, stable on the week.

— Lu Han

Seaborne iron ore gains as mills restock ...from page 1

sufficient scrap inventories and inactive rebar sales, Taiwanese market sources said.

S&P Global Platts TSI HMS I/II 80:20 containerized scrap was assessed at

$275/mt CFR Taiwan, unchanged from the previous week.

The few offers that did come in for containerized US-origin HMS I/II 80:20 were







IrOn OrE

Platts DaIly Iron ore lumP PremIum sPot assessment Symbol $/dmtu midpoint ChangeSpot lump premium assessment IOCLP00 0.3715-0.3726 0.3721 0.0000

Pellet PremIums Symbol $/dmt ChangeWeekly CFR China 65% Fe spot assessment* IOBFC04 44.25 -1.60Weekly CFR China 64% Fe spot premium assessment IOCQS04 38.60 -1.55Weekly CFR China 64% Fe spot fixed price assessment IOCQR04 111.00 0.00

*Assessed December 26.

Estimated contract provisional pricing

Atlantic Blast Furnace 65% Fe (Dec) IOBFP00 62.00 0.00Direct Reduction 67.5% (Dec) IODRP00 68.00 0.00Atlantic Basin 65% Fe Blast Furnace pelletFOB Brazil (¢/dmtu) SB01095 184.52 6.62

IoPeX: Platts DaIly Port stock Iron ore fInes assessment, December 28 Symbol yuan/wmt Change CFr China equiv. ($/dmt)

FOt north China (Caofeidian, Jingtang)IOPEX 62%-Fe FOT North China IOPBL00 566 -3 73.56Pilbara Blend Fines FOT North China IOPBE00 555 -3Newman High Grade Fines FOT North China IOPBF00 565 -3IOPEX 62% Fe FOT North China rolling monthly avg. IOPBM00 557 1

FOt East China (rizhao, Qingdao)IOPEX 62%-Fe FOT East China IOPBN00 561 0 72.93Pilbara Blend Fines FOT East China IOPBG00 550 0Newman High Grade Fines FOT East China IOPBH00 570 0IOPEX 62% Fe FOT East China rolling monthly avg. IOPBO00 551 1

Chinese Concentrate (yuan/dmt)IO Concentrate 66% Fe DDP Tangshan VAT-inclusive* SB01159 750 10

*Assessed December 21 2018

Platts DaIly Iron ore seaborne branD assessments, December 28 fixed floating symbol $/dmt change symbol $/dmt changePilbara Blend Fines (PBF) CFR Qingdao IOPBQ00 71.45 0.30 IOPBS00 1.65 -0.10Brazilian Blend Fines (BRBF) CFR Qingdao IOBBA00 74.90 0.30 IOBBB00 2.75 -0.10Newman High Grade Fines (NHGF) CFR Qingdao IONHA00 73.30 0.30 IONHB00 1.35 -0.10Mining Area C Fines (MACF) CFR Qingdao IOMAA00 66.30 0.30 IOMAB00 -3.55 -0.10Jimblebar Fines (JMBF) CFR Qingdao IOJBA00 62.85 0.30 IOJBB00 -7.00 -0.10

freIght DIfferentIals to major ImPort Ports, $/wmtFrom Qingdao on a Free Out basisTo North China: Caofeidian, Tianjin & Xingang 0.25To East China: Beilun -0.30To South China: Zhanjiang & Fangcheng -0.45

tsI 62% fe cfr north chIna swaPs assessment, December 28 Symbol $/dmt Change % ChangeDec 18 TSIPM00 NA NA NAJan 19 TSIPM01 71.000 0.400 0.57Feb 19 TSIPM02 69.300 0.300 0.43Mar 19 TSIPM03 68.250 0.300 0.44Q1 2019 TSIPQ01 69.500 0.300 0.43Q2 2019 TSIPQ02 66.900 0.250 0.38Q3 2019 TSIPQ03 65.600 0.400 0.61Calendar 2019 TSIPY01 66.650 0.300 0.45

Platts DaIly Iron ore lumP PremIum swaP forwarD curve, December 28lump Premium Symbol $/dmtu Change % ChgDec-18 AAQUA00 NA NA NAJan-19 AAQUA01 0.3450 0.0000 0.00Feb-19 AAQUA02 0.3200 0.0000 0.00Mar-19 AAQUA03 0.3075 0.0000 0.00

heard to remain similar to last week’s deal level of $275/mt CFR Taiwan, trading and mill sources said.

“We are just monitoring for now, no purchases. We do not see much bullish indicators coming into the new year, so let us wait for next week,” a source from a Taiwanese mill said.

Taiwanese domestic scrap prices however, saw yet another drop this week by T$300/mt ($9.80/mt) driven by bearish steel demand and prices of late, Taiwanese sources said.

The holiday lull was also felt within the region, with buyers from Vietnam, Thailand and Indonesia receiving a lesser number of import scrap offers, regional sources confirmed.

Meanwhile, sale of a 6,000 mt containerized lot in 40 feet containers of Central America-origin HMS I/II 70:30 was concluded Wednesday, at $240/mt CFR Thailand, a source from a Thailand mill said. “This price is down by almost $10/mt from the previous week,” the source added.

“40 feet container shipments are taking a huge beating in prices ever since the Vietnamese buyers shun away from container imports. Not many other regional buyers would want to accept 40 feet shipments, and [buyers are] still not yet considering their ability to accept Central America’s scrap quality,” a trader from Singapore commented.

— Samuel Chin

FErrOallOyS markEt

asia bulk ferroalloys fall on year-end profit-taking

Singapore—Bulk ferroalloy spot prices in China and Japan moved lower this week as some producers reduced prices for year-end sales, which some market participants referred to as profit-taking.

S&P Global Platts assessed the spot price of ferrosilicon at $1,210-$1,270/mt FOB China Thursday, down from $1,260-$1,290/mt FOB China on December 20. One Chinese producer said he had sold at $1,260-$1,270/mt FOB China. A second producer said she was offering $1,210/mt FOB China, adding that $1,270/mt FOB was "the right market





COkIng COal

Platts DaIly metallurgIcal coal assessments, December 28

asia-Pacific coking coal ($/mt)

FOB CFr CFr Change australia China India australia China India

HCC Peak Downs Region 221.00 201.75 233.40 0.00 0.00 0.00

Premium Low Vol 220.00 200.75 232.40 0.00 0.00 0.00

HCC 64 Mid Vol 183.40 194.75 195.80 0.00 0.00 0.00

Low Vol PCI 121.90 133.25 134.30 0.00 0.00 0.00

Mid Tier PCI 119.90 131.25 132.30 0.00 0.00 0.00

Semi Soft 116.15 127.50 128.55 0.00 0.00 0.00

tSI coking coal indices ($/mt)

TSI Premium Hard (PHCC) FOB Australia 220.50 0.00

TSI Hard FOB Australia 183.40 0.00

TSI Prem JM25 CFR Jingtang 200.75 0.00

TSI Hard JM25 CFR Jingtang 194.75 0.00

atlantic coking coal ($/mt)

FOB uS East Coast Change Vm ash S

Low Vol HCC 198.00 0.00 19% 8% 0.80%

High Vol A 211.00 0.00 32% 7% 0.85%

High Vol B 169.00 0.00 34% 8% 0.95%

CFr nw Europe Change Vm ash S

Premium Low Vol NetForward 232.85 0.05 21.5% 9.3% 0.50%

Detailed methodology and specifications are found here:http://platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/metcoalmethod.pdf

Dry bulk freight assessments

route Vessel Class Freight rate ($/mt) Change

Australia-China Capesize 8.20 0.25

Australia-Rotterdam Capesize 12.85 0.05

Australia-China Panamax 11.35 0.00

Australia-India Panamax 12.40 0.00

USEC-India Panamax 31.75 -0.50

USEC-Rotterdam Panamax 11.75 -0.50

USEC-Brazil Panamax 11.75 -0.50

East Australia: basis Hay Point port. USEC: basis Hampton Roads. See methodology for further details.

PCC met (Platts China Coal – metallurgical) (yuan/mt)*

Free-on DDP CFr China Ex-washplant -rail tangshan equiv. ($/mt)

PCC Met Shanxi Premium Low Vol 1730 1765 1970 228.75

PCC Met Shanxi High Sulfur Premium Low Vol 1240 1275 1480

PCC Met North China Fat Coal – – 1510

PCC Met Shanxi PCI 950 985 1160

PCC Met Shandong Semi Soft 1150 1170 –

PCC Met Rail Freight Shanxi – Tangshan 230

PCC Met Truck Freight Shanxi – Tangshan 240

*weekly (assessed December 26)

north China prompt port stock prices

Ex-stock Jingtang CFr Jingtang (yuan/mt, incl Vat) equivalent ($/mt)**

Premium Low Vol* 1710.00 211.02

HCC 64 Mid Vol* 1520.00 187.16

*weekly (assessed December 28), 20-day delivery from date. **ex-stock price, net of port charges, import tax and VAT

Source: S&P Global Platts

The assessed price of HCC Peak Downs® originates with Platts and is based on price information for a range of HCCs with a CSR> 67% normalized to the standard of HCC Peak Downs® (CSR 74%). Peak Downs® is a registered trade mark of BM Alliance Coal Operations Pty Limited "BMA". This price assessment is not affiliated with or sponsored by BMA in any way.

price." A third producer said his offer was $1,160/mt FOB China. This offer was not accounted for in the assessment as details, such as product specification and payment terms, could not be confirmed.

In the domestic Chinese market, prices were weaker compared with a week ago, the first producer said.

Japan's ferrosilicon import price was assessed at $1,250-$1,270/mt CIF Japan Thursday, down from $1,260-$1,270/mt on December 20. There were no deals reported in a thin market. One Japanese trader put tradeable levels at $1,250-$1,260/mt CIF Japan, while a Chinese producer had put the tradable level at $1,270-$1,280/mt CIF Japan as deals were concluded at this level last week.

A non-Chinese producer reported a deal done at $1,280/mt CIF Vietnam for over 100 mt of the metal.

Japan's spot silicomanganese import price was assessed at $1,010-$1,030/mt CIF Japan Thursday, down from $1,020-$1,040/

PlattS harD COkIng COal FOB auStralIa DaIly ratIOnalE (PMA page 1068)

Singapore—S&P Global Platts assessed Premium Low-Vol HCC steady at $220/mt FOB Australia Friday.

The highest bid indicated was $182/mt FOB Australia for an Australian Premium Mid-Vol Goonyella, assessed at a $2.50/mt discount to Platts PLV FOB Australia. No data was excluded from this assessment.

The above rationale applies to Platts premium low vol FOB Australia assessment, with the associated data code: PLVHA00

— Staff

PlattS ChIna harD COkIng COal (PREmIum LOw VOL) CFR ChINA DAILY ratIOnalE (PMA page 1067)

Singapore—S&P Global Platts assessed Premium Low-Vol HCC steady at $200.75/mt CFR China Friday.

The highest bid indicated was around $197/mt CFR China for an Australian Premium Low-Vol Saraji, assessed at parity to Platts CFR China. No data was excluded from this assessment.

The above rationale applies to Platts premium low vol CFR China assessment (PLVHC00) & TSI Prem JM25 CFR Jingtang (TS01044)

— Staff






COkIng COal

metallurgIcal cokeSeaborne

%CSr $/mt Change % ChgFOB North China 66/65 355.00 0.00 0.00CFR India 66/65 371.00 0.00 0.00FOB North China 64/62 344.00 0.00 0.00CFR India 64/62 360.00 0.00 0.00

Domestic

yuan/mtDDP North China (weekly) 62 2270.00 -80.00 -3.40

$/mtFOB North China equivalent (DDP weekly) 62 336.22 -11.65 -3.35

Platts chIna Plv, met coke PrIce DIfferentIalsPrice spreads $/mtImport-Shanxi Premium Low Vol CFR China -25.75Import-port stock Premium Low Vol CFR China -10.2762% CSR coke export-domestic FOB North China 7.78

cokIng coal swaPs assessment, December 28 $/mt Change % ChgtSI Premium hard Coking Coal australia Export FOB East Coast Port

Jan 19 218.000 -0.83 -0.38Feb 19 211.750 -0.79 -0.37Mar 19 209.250 -1.63 -0.77Q1 2019 212.000 -0.50 -0.24Q2 2019 192.750 -0.58 -0.30Q3 2019 184.000 0.00 0.002019 192.820 -0.56 -0.29

PenaltIes & PremIa: DIfferentIals ($/mt) within % of Premium low Vol FOB net value min-max australia assessment price ($/mt)Per 1% CSR 60-71% 0.50% 1.10Per 1% VM (air dried) 18-27% 0.50% 1.10Per 1% TM (as received) 8-11% 1.00% 2.20Per 1% Ash (air dried) 7-10.5% 1.50% 3.30Per 0.1%S (air dried) 0.3-1% 1.00% 2.20

uS low-vol hCC Penalties & Premia; Differentials ($/mt)

within % of uS low-vol hCC FOB net value min-max uSEC assessment price ($/mt)Per 1% CSR 50-64% 0.50% 0.99 40-49% 0.50% 0.99Per 0.1% S 0.70-1.05% 0.75% 1.49 1.06-1.25% 1.10% 2.18Per 1% TM (as received) 6.0-11.0% 1.00% 1.98Per 1% Ash 5.0-10.0% 1.75% 3.47

fob netbacks Per route

Basis IODEX 62% Fe

route Vessel type Freight rate ($/wmt) moisture (%) IODEX ($/dmt)

Australia Capesize 6.70 8.03 65.42

India West Panamax 10.95 8.11 60.78

Brazil Capesize 16.00 9.00 55.12

NW Europe (CFR) Capesize 8.00 9.00 63.91

South Africa Capesize 12.05 3.00 60.28

Basis 58%-Fe CFr Qingdao

route Vessel type Freight rate ($/wmt) moisture (%) FOB 58%-Fe ($/dmt)

India West Supramax 12.15 11.00 33.25

Reference ports are Port Hedland, Mormugao, Haldia/Paradip, Tubarao, Rotterdam (CFR), Saldanha Bay. NW Europe IODEX netback is calculated by adding Tubarao to Rotterdam Capesize freight to IODEX Brazil netback.

mt CIF Japan a week ago. One Japanese steelmaker awarded a buy tender below $1,020/mt CIF Japan, a Japanese trader said. The mill was seeking 100 mt/month for several months, the trader added. Another Japanese trader said he had previously bid $1,050/mt CIF Japan, which was rejected. "There is no change in silicomanganese, I see the tradable level to be at $1,020-$1,040/mt CIF," he said.

— Mayumi Watanabe

OthEr nEwS

rio tinto steps up autonomous truck usage at mines

London—Iron ore miner Rio Tinto said Friday that increased use of its $940-million AutoHaul automatic mine transport system has allowed the company to establish the world’s largest robot and first-automated heavy-haul, long distance rail network.

Since completing the first loaded run in July, Rio Tinto has steadily increased its number of autonomous train journeys, transporting iron ore to its port facilities in the Pilbara region of Western Australia, with over 1 million km (620,000 miles) now safely travelled autonomously, the company said in a statement.

Rio Tinto operates about 200 locomotives on more than 1,700 km of track in the Pilbara, transporting ore from 16 mines to four port terminals.

The average return distance of these trains is about 800 km with the average journey cycle, including loading and dumping, taking about 40 hours. Locomotives carrying AutoHaul software are fitted with on-board cameras allowing for constant monitoring from the company's Operations Centre. All public rail crossings on the network are fitted with CCTV cameras, it said.

Rio Tinto Iron Ore managing director Rail, Port & Core Services Ivan Vella was cited as saying that it has been "a challenging journey to automate a rail network of this size and scale in a remote location like the Pilbara, but early results indicate significant potential to improve productivity, providing increased system flexibility and reducing bottlenecks.”





Platts tsI ferrous scraP reference PrIces Price Change % Chg

Scrap, Europe/turkey (£/mt)

OA (plate & structural) - UK domestic, delivered** 220.00 0.00 0.00

($/mt)

HMS 1/2 80:20 CFR Turkey* 290.00 -2.00 -0.68

HMS 1/2 75:25 FOB Rotterdam* 264.00 -2.00 -0.75

HMS 1/2 75:25 CFR Turkey* 282.00 -2.00 -0.70

A3 CFR Turkey* 283.00 -2.00 -0.70

Shredded FOB East Coast* 276.00 0.00 0.00

HMS FOB East Coast* 268.50 0.00 0.00

Shredded - delivered - N. Europe domestic, delivered 318.67 -1.23 -0.38

Shredded - delivered - S. Europe domestic, delivered** 329.71 1.76 0.54

Scrap, asia ($/mt)

HMS 1/2 80:20 Containerized CFR Taiwan Port** 275.00 0.00 0.00

H2 - del Okayama - Tokyo Steel purchase price, at works gate 277.79 -57.88 -17.24

H2 - del Utsunomiya - Tokyo Steel purchase price, at works gate 286.61 -44.65 -13.48

Heavy - Shanghai - China domestic 382.08 -2.72 -0.71

HMS 1/2 80:20 CFR - East Asia import** 313.50 -9.00 -2.79

Shredded Scrap CFR India** 328.00 -2.00 -0.61

Shindachi Bara - del Okayama - Tokyo Steel purchase (list) price 295.43 -57.91 -16.39

Shindachi Bara - del Utsunomiya -Tokyo Steel purchase (list) price 317.47 -44.70 -12.34

Shredded scrap A (auto) - del Okayama -Tokyo Steel purchase (list) price 282.20 -57.89 -17.02

Shredded scrap A (auto) - del Utsunomiya -Tokyo Steel purchase (list) price 291.02 -44.65 -13.30

H2 FOB Japan (Yen/mt)** 29500.00 0.00 0.00

Scrap, americas ($/lt)

Shredded del Midwest US*** 360.75 0.00 0.00

Shredded, del Midwest US, 10-day average 362.50 0.00 0.00

#1 Busheling - N. America domestic, del, Midwest US** 415.00 0.00 0.00

HMS 1/2 - N. America domestic, del Midwest US** 329.00 0.00 0.00

Plate & Structural - N. America domestic, del Midwest US** 347.50 0.00 0.00

(real/mt)

HMS 1/2 - Brazil S.E. domestic** 825.00 0.00 0.00

Clean Steel Scrap - Brazil S.E. domestic, delivered** 950.00 0.00 0.00

Turnings - Brazil S.E. domestic, delivered** 625.00 0.00 0.00

Prices monthly unless otherwise noted. *Daily. **Weekly. ***Assessed daily during final week and first week of month. Assessed weekly thereafter.

FErrOuS SCraP

Wood Mackenzie principal analyst, steel and iron ore markets, Alex Griffiths said earlier this month that both Rio Tinto and BHP will face an increasing need to reduce iron ore production costs via use of conveyors and driverless trucks to help lower-grade Australian iron ore compete more effectively with high-grade Brazilian iron ore.

Rio Tinto said that over the coming months it plans to continue to refine its autonomous operations to maximize value. "We continue to work closely with drivers during this period and do not expect to make any redundancies in 2019 as a result of the deployment of AutoHaul," it said.

— Diana Kinch

russia pilots metals furnace using man-made waste

New York—A pilot installation described as “the world’s only metallurgical furnace capable of processing iron-containing industrial waste as well as solid waste” was launched last week in Mtsensk, Oryol Region, according to Russia’s National University of Science and Technology (NUST MISIS).

The furnace, which can simultaneously smelt up to 16,000 mt/year of metal, produce electricity and not harm the environment, was designed and built by NUST MISIS together with an industrial partner, Vtoraluminprodukt, NUST said in a statement.

PlattS EmEa turkISh FErrOuS SCraP DaIly ratIOnalE (PMA page 1309)

London—S&P Global Platts assessed Turkish imports of premium heavy melting scrap 1/ 2 (80:20) at $290/mt CFR on Friday, down $2.00/mt CFR day on day.

HMS 1/2 (80:20) was assessed using the following indications, in the absence of fresh trades reported to the market: a few sources reported Turkish mills’ indicative bids for premium HMS 1/2 (80:20) at around $280/mt CFR, while no tradeable value was reported. No offers were reported as industry sources reported that Turkish mills' bids were not competitive. No deal was reported in the market. No data was excluded from the assessment.

The above rationale applies to Platts-TSI assessment of Turkish premium deep sea HMS 1/2 (80:20) imports, with the associated market data code: TS01011

— Staff

COmmODItIES SPOtlIght PODCaSt uS, China trade truce fails to cure Chinese steel malaiseWith China’s steel production seemingly outstripping domestic demand, Chinese mills and traders may look to offload excess supply into export markets, and add to global steel price pressures.

listen to the podcast here:http://plts.co/8vCe30mS4aa




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1935-7354

Markets EditorsKevin Seo; Yoko Manabe; Weng Yi Le; Niki Wang; Kate Zhou; Lu Han; Joseph Tong; Jun Kai Heng

Shanghai:

Senior Managing Editor, Steel & Raw MaterialsKeith Tan ( 86 21 5110 5478)

Australia:

Senior Managing EditorPaul Bartholomew ( 61 3963 12096)

London:

Editor-in-ChiefDiana Kinch ( 44 207 176 8390)

Senior Editor, Raw materials, analysisHector Forster ( 44 207 176 6285)

Senior Pricing Specialist, Ferrous ScrapPascal Dick (44.207.176.0121)

Markets EditorJitendra Gill

Global Methodology SpecialistCiaran Roe ( 44 20 7176 6346)

Editor, Ferrous ScrapJamila Al Ibrahim

Pittsburgh:

Managing Editor, Steel/ScrapNicholas Tolomeo ( 1 412 246 1577)

Senior EditorTom Balcerek ( 1 412 916 8476)

Markets EditorsJustine Coyne; Joe Eckelman; Michael Fitzgerald

Singapore:

Managing Editor — Iron OreVikash Tharad ( 65 6530 6124)

SBB STEEL MARKETS DAILYVolume 12 / Issue 255 / December 28, 2018

Platts PresidentMartin Fraenkel

The names “S&P Global Platts” and “Platts” and the S&P Global Platts logo are trademarks of S&P Global Inc. Permission for any commercial use of the S&P Global Platts logo must be granted in writing by S&P Global Inc.

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ISSN: 1935-7354

Content Director, Asia Metals (Singapore)Julien Hall ( 65 6530 6531)

Content Director, EMEA Metals (London)Christopher Davis ( 44 20 7176 5634)

Content Director, Americas Metals (NY)Joe Innace ( 1 212 904 3484)

Global Content Director, Metals and Agriculture (London)Ian Dudden (44 20 7176 6772)

Vice President, Metals and AgricultureSarah Cottle ( 65 6530 6553)

SBB-SMD raw MaterialS reference priceS $/mt Change % Chg

Coke and coal

Charcoal - Brazil domestic (Real/mt)^ 760.00 -5.00 -0.65

metallics

Pig iron - FOB - Black sea export* 345.00 -5.00 -1.43

Pig iron - FOB Southeastern ports - Brazil export* 342.50 0.00 0.00

Pig iron - CIF New Orleans - US import* 385.00 0.00 0.00

HBI - Venezuela export* 240.00 0.00 0.00*Weekly ^Fortnightly **Monthly

turkIsh scraP swaPs $/mt Change % ChghmS 1&2 80:20 CFr turkey

Dec-18 NA NA NA

Jan-19 292.50 -3.00 -1.02

Feb-19 288.50 -3.50 -1.20

Mar-19 287.50 -2.00 -0.69

According to the latest research, more than 130 billion mt of waste have accumulated in Russia — the equivalent of 800 mt/person. Of that, there is more than 5 million mt/year of iron-containing industrial waste from the ferrous and nonferrous metals and chemical industries. Such unrecycled waste goes to landfills.

The scientific team of NUST MISIS and Vtoraluminprodukt built the pilot plant, which uses a bubbling reactor based on the gas-flushing principle, to fully process industrial waste, slag and sludge, as well as carbon-containing wastes, including municipal solid waste.

The developer of the furnace, Gennadiy Podgorodetskiy, said: “No one in the world has done anything like this yet.”

The prototype attracted representatives of metallurgical and chemical companies such as Severstal, EuroChem and Mechel to the trial launch.

Podgorodetskiy said the slag composition can be further processed into slag stone products, thermal insulation slag, serve as the basis for the production of

cement binder and more.The most important advantage of the

technology is low specific energy costs -- 20-30% lower than the best, analogous technologies in the world, according to the statement. With the unit, energy costs can be 500 kg of coal and 500 cubic nanometers

of oxygen per 1 mt of cast iron.“As a result, we recycle industry

waste, get cast iron, commercial slag and nonferrous metal concentrate. There is no waste in our technology,” Podgorodetskiy adds. The pilot plant is also designed to test the technology of waste-free




Platts tsI steel InDustry assessments, December 28 Close/midpoint Change % Chg

asia

hot-rolled coil $/mtSAE1006 FOB China 483.00-483.00 483.00 0.00 0.00SS400 FOB China 484.00-484.00 484.00 0.00 0.00SAE1006 Premium -1.00 -1.00 0.00 0.00

reinforcing bar $/mtFOB China 459.00-461.00 460.00 0.00 0.00

Europe

hot-rolled coil Eur/mtPlatts TSI North European HRC, EXW Ruhr 521.50 521.50 0.00 0.00CIF Antwerp 485.00-500.00 492.50 0.00 0.00

$/mtFOB Black Sea 450.00-455.00 452.50 0.00 0.00

Plate Eur/mtPlatts TSI North European Plate, EXW Ruhr Wkly* 581.50 581.50 0.00 0.00CIF Antwerp* 555.00-575.00 565.00 0.00 0.00*weekly (assessed December 28)

reinforcing bar Eur/mtEx-works, NW Eur 535.00 535.00 0.00 0.00

$/mtFOB basis Turkey 452.00-457.00 454.50 -4.50 -0.98

Billet $/mtFOB Black Sea 405.00 405.00 -2.50 -0.61

north america

hot-rolled coil $/stPlatts TSI HRC EXW Indiana 740.00 740.00 0.00 0.00DDP, Houston 670.00 670.00 0.00 0.00

Plate $/stPlatts TSI Plate delivered US Midwest 1004.50 1004.50 0.00 0.00DDP, Houston 860.00 860.00 0.00 0.00

reinforcing bar $/stEx-works, US SE 685.00-710.00 697.50 0.00 0.00DDP, Houston 700.00 700.00 0.00 0.00

europe anD uS colD-rolleD coil aSSeSSMentS, DeceMBer 28 Eur/mt Close/midpoint Change % ChgPlatts TSI North European CRC, EXW Ruhr 602.50 602.50 0.00 0.00CIF Antwerp 555.00-565.00 560.00 0.00 0.00

$/mtFOB Black Sea 525.00-535.00 530.00 0.00 0.00

$/stPlatts TSI CRC EXW Indiana 860.00 860.00 0.00 0.00DDP, Houston 775.00 775.00 0.00 0.00

gasification of carbon-containing waste, including solid domestic waste.

"The advantage of this technology is that it is non-waste and allows for simple, reliable and environmentally friendly purifying of the exhaust gases,” Nikolay Shenchenko, CEO of Resmet and a member of the Expert Mining Committee of the State Duma of the Russian Federation for industry and innovation, said in the statement. “And it also allows [the combination of] the processing of metallurgical waste, coal preparation factories and municipal waste of enterprises or settlements that are heated with coal. So, it is a sort of a universal technology."

— Joe Innace

amErICaS

Venezuelan hBI prices static, activity may resume in January

�� No offers and deals reported�� Null export activity�� Prices stable week on week

Sao Paulo—Venezuelan hot-briquetted iron export prices were stable once again week on week amid the Christmas and New Year’s holidays, with no activity in the Orinoco region and mirroring the stability in Turkish import scrap prices, sources said Friday.

S&P Global Platts assessed the weekly Venezuelan HBI export price at $240/mt FOB Friday based on a bid-offer range of $235-$245/mt FOB.

CFR prices in Europe are around $300-$310/mt, according to sources, but there are no ongoing talks, and no bids or offers.

International pressureThe Turkish ferrous scrap market

generally supports Venezuelan HBI prices. Historically, for HBI to remain competitive on a CFR basis, it must be below Turkish imported scrap prices, which were at $290/mt CFR on a heavy melting scrap (80:20 basis) Friday, down $2/mt from the previous week.

With the bearish outlook for finished product pricing ahead of the New Year, Turkish and Italian mills cut production in December and are expected to continue leaner operations during January. This is putting pressure on scrap, and by extension, extra pressure on HBI prices.

tight supplySome Venezuelan HBI producers remain

on strike, making it harder to load material from that country, according to market sources. Currently, only two producers are working, but at much reduced rates — Comsigua and BriqVen — while Venprecar, Orinoco Iron and Ferrominera plants are offline. Over the holiday period, little output was seen from any HBI producer.

Iron pellets needed for HBI production

also are not being produced or delivered in the country. The market remains at a standstill as a result of ongoing strikes in the iron and steel sectors, tightening supply. Previous HBI cargoes were produced with pellets that had been held in the companies’ inventories, sources said.

Only Sidor was supplying pellets to the market in limited tonnages, but the steel mill was also reported offline during the holidays. The timeline and tonnage output





Platts DaIly asIa PacIfIc metallurgIcal coal relatIvItIes, December 28, 2018 December 28 Spread Spread CFr China vs PlV vs hCC 64 $/mt

Peak Downs 201.75* 100.50%

*Peak Downs FOB australia (China netback) after accounting for haypoint-Qingdao Panamax freight = $190.40/mt.

Saraji 200.75 100.00%

Premium low vol 200.75** 100.00%

**Premium low Vol FOB australia (China netback) after accounting for haypoint-Qingdao Panamax freight = $189.40/mt.

German Creek 200.00 99.63%

Illawarra 196.75 98.01%

Moranbah North 196.75 98.01%

Oaky North 199.75 99.50%

Goonyella 196.75 98.01%

Goonyella C 196.25 97.76%

Peak Downs North 195.75 97.51% 100.51%

Standard 196.25 97.76% 100.77%

Premium 196.25 97.76% 100.77%

Hail Creek 195.25 97.26%

hcc 64 mid vol 194.75 97.01% 100.00%

Lake Vermont HCC 194.75 100.00%

Carborough Downs 193.25 99.23%

Middlemount Coking 177.75 91.27%

Poitrel Semi Hard 172.75 88.70%December 28 freight rates. Australia to China: Panamax = $11.35/mt Capesize = $8.20/mt.

The Platts Metallurgical Coal Relativities CFR China assessments do not reflect any restrictions or import duties, including duty rebates applied to coals under different import regimes, which may affect the transacted price of the commodity. CFR China assessments are based on pricing information before any additional, if any, import tariffs are imposed such as a 3% import tax on Canadian, Russian and US coals. The definition of CFR is based on International Chamber of Commerce Incoterms ® 2010.

A detailed explanation of the Platts Metallurgical Coal Relativities can be found here: http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/metcoalmethod.pdf.

For further information about this data please contact [email protected].


Platts weekly metallurgIcal coal relatIvItIes table December 28, 2018 December 28, FOB Spread hampton roads vs uS lVOak Grove 220.00 111.11%

Blue Creek No. 7 220.00 111.11%

Blue Creek No. 4 215.00 108.59%

Beckley 201.00 101.52%

low vol fob usec 198.00 100.00%

Windber 193.00 97.47%

Buchanan 193.00 97.47%

Pinnacle 189.00 95.45%December 28 Panamax freight rates. Hampton Roads to Rotterdam = $11.75/mt, Hampton Roads to Brazil = $11.75/mt, Mobile to Rotterdam = $15.75/mt.

For further information about this data please contact [email protected].


for when new material will be available remain unclear.

No export activity was seen during the week in the Orinoco region and no vessel is expected for the coming days.

Traders expect the Venezuelan HBI market to resume some production the second week of January.

transportation issuesThe draft of the Orinoco River remains

problematic whenever vessels do load at port. The inside channel river was just below seven meters this week and the outside channel was below eight meters. As a result, vessels have been unable to load full cargoes, causing a considerable rise in freight costs, as Handymax and Supramax vessels depart short-loaded.

Sources said the situation is expected to continue during the dry season and freight costs could increase even more over the next two quarters.

According to sources, vessels would only be able to load between 20,000 mt and 25,000 mt.

Traders were contacted in Venezuela, Central America, the US and Europe.

— Guilherme Baida

FrEIght

weather boosts year-end aPaC Capesize market

Singapore—Weather-related delays have boosted the Asia-Pacific Capesize market as prompt requirements helped push up the freight levels on the last Friday of the year.

"The market seems healthy due to many cargoes in the Pacific from the [ship] operators as well as miners," a source with a Capesize shipowner said.

The notable factor in the market was that the activity levels were reasonable given that it is almost the end of the year with many participants away on holiday.

"Well there are a few prompt stems [arising] from the bad weather [in North Asia]. This is still impacting and then we have Monday and Tuesday as holidays," said another source with a Capesize shipowner.

Mining major Rio Tinto is in the market looking for Capesize vessels from Dampier

to Qingdao for January 11-13 laycans in the Pacific market. Vale was heard seeking a Capesize vessel from Teluk Rubiah to Qingdao for January 4-5 laycan with the bid talked at $4/wmt. The fixtures concluded were that of Rio Tinto reportedly fixing vessels at $6.65/wmt, $6.60/wmt and $6.60/wmt for laycans January 7-9, 8-10 and 9-11, respectively.

There were also reports of BHP having taken a vessel for a Hedland/Qingdao voyage basis January 7-9 laycan at $6.70/wmt. The bid/offer levels on the west coast Australia/China route was heard at $6.50 versus $6.75/wmt.

The freight rate for a Capesize vessel to move iron ore from Port Hedland to Qingdao was assessed at $6.70/wmt Friday, up 25





Platts turkey arc steel tracker, December 28, 2018 Scrap Billet rebar

vs 30-day -1.09% (-$3.15) 0.45% ($1.90) 0.55% ($2.51)vs 60-day -1.83% (-$5.30) 0.65% ($2.76) 1.14% ($5.18)

market Direction: -2.25% (-$9.00) Industry Composite Index: 74.67

Price moves relative to each commodity measured vs 30-day and 60-day moving averages.

scraP: Iron ore ratIos ratio Previous ratio

HMS I/II 80:20 CFR Turkey: TSI 62% iron ore CFR North China 3.99 4.03US shredded delivered Midwest: TSI 62% iron ore CFR North China 4.88 4.90

PLATTS TURKEY ARC STEEL TRACKER BASED ON 30-DAY AVERAGES(%)

Platts Turkey ARC is a relative strength indicator for Platts Turkey Rebar FOB, Platts Black Sea Billet CFR Turkey basis and Benchmark TSI Scrap CFR prices*. The daily index for each commodity shows the degree the price is over or below the average of price relationships with the others for the past 30 or 60 days, with 0 as equilibrium. Indices provide trading price signals for the commodity or for the wider complex, and potential changes in demand and supply for the steel industry. Historic 30-day and 60-day basis data through 2012 is available. Source: S&P Global Platts *e�ective March 1, 2016

-5.0

-2.5

0.0

2.5

5.0

28-Dec10-Dec23-Nov08-Nov24-Oct09-Oct24-Sep07-Sep22-Aug

Market DirectionScrap 30Rebar 30Billet 30

cents/wmt from last Thursday.The Atlantic market was also said to

be witnessing a spurt in the confidence of owners. Cargill, which is in the market with a Tubarao to Rotterdam iron ore cargo basis laycan January 10-24, was heard to be seeing offers in the $9/wmt to $10/wmt range.

Among cargoes, Swissmarine was heard seeking a Capesize vessel from Ponta da Madeira to Rotterdam for January 15-22 laycan. Anglo American had a 170,000 mt (plus/minus 10%) iron ore stem Porto Acu to Qingdao for January 11-15 laycan. ThyssenKrupp was looking for a Capesize vessel from Tubarao to Rotterdam for January 20-February 3 laycan.

From the North Atlantic, Arcelormittal had a 150,000 mt (plus/minus 10%) iron ore cargo from Port Cartier to Gijon for January 10-19 laycan. The freight rate for a Capesize vessel to move iron ore from Tubarao to Qingdao was assessed at $16/wmt, up 5 cents/wmt from Thursday.

No fresh cargo orders were heard from South Africa on the day. The freight rate for a Capesize vessel to move iron ore to Qingdao from Saldanha Bay was assessed at $12.05/wmt, also up 5 cents/wmt day on day.

— Staff

Platts tsI steel assessments currency anD unIt comParIsons, December 28 Prior assessment Eur/mt $/mt $/st $/Cwt $/mt $ change % change

hot-rolled coil

Platts TSI North European HRC, EXW Ruhr* 521.50*** 598.06 542.56 27.14 594.93 3.13 0.53%FOB Black Sea* 394.58 452.50*** 410.51 20.53 452.50 0.00 0.00%CIF Antwerp* 492.50*** 564.80 512.39 25.63 561.84 2.96 0.53%Platts TSI HRC EXW Indiana** 712.68 815.70 740.00*** 37.00 815.70 0.00 0.00%DDP Houston 645.26 738.54 670.00*** 33.50 738.54 0.00 0.00%

Cold-rolled coil

Platts TSI North European CRC, EXW Ruhr* 602.50*** 690.95 626.83 31.35 687.33 3.62 0.53%FOB Black Sea* 462.16 530.00*** 480.82 24.05 530.00 0.00 0.00%CIF Antwerp* 560.00*** 642.21 582.61 29.14 638.85 3.36 0.53%Platts TSI CRC EXW Indiana** 828.24 947.97 860.00*** 43.00 947.97 0.00 0.00%DDP Houston 746.38 854.28 775.00*** 38.75 854.28 0.00 0.00%

Plate

Platts TSI Plate delivered US Midwest** 967.40 1107.25 1004.50*** 50.23 1107.25 0.00 0.00%DDP Houston 828.24 947.97 860.00*** 43.00 947.97 0.00 0.00%

reinforcing bar

Ex-works, Northwest Europe* 535.00*** 613.54 556.60 27.84 610.27 3.27 0.54%East Mediterranean, basis Turkey* 396.32 454.50*** 412.32 20.62 459.00 -4.50 -0.98%Ex-works, US Southeast** 671.74 768.85 697.50*** 34.88 768.85 0.00 0.00%DDP Houston 674.15 771.60 700.00*** 35.00 771.60 0.00 0.00%*LN 16:30 Eur/$ ex rate = 1.1468; **NY 16:30 $/Eur ex rate = 0.8737. ***the primary assessments and have not been converted

Please note: All Platts and TSI CIF and CFR prices (US, Europe, Southern Europe, Persian Gulf and Turkey) represent freely traded values. This means they do not reflect any restrictions or duties as a result of trade cases. For detailed specifics, The Platts Weekly Trade Case Status report can be found on the last pages of this issue.





markEtPlaCE

�� Platts iron ore: 62% Fe Australian Pilbara

Blend Lump tradeable value heard from

Chinese trader source at IODEX 62%

$0.3475/dmtu CFR China 1-28 Feb Avg

pricing on 28 Dec, from Dampier delivery

1-28 Feb to Qingdao.



Chinese trader source at IODEX 62%

$0.369/dmtu CFR China 1-28 Feb Avg pricing

on 28 Dec, from Dampier delivery 1-28 Feb

to Qingdao.



international trader source at IODEX 62%

$0.33/dmtu CFR China 1-28 Feb Avg pricing

on 28 Dec, from Dampier delivery 1-28 Feb to

Qingdao, 70,000 mt.

�� Platts iron ore: 63% Fe Australian Newman


international trader source at around IODEX

62% $0.375/dmtu CFR China 1-31 Jan Avg

pricing on 28 Dec, from Port Hedland delivery

1-31 Jan to Qingdao.


Blend Lump tradeable value heard from End

user source at IODEX 62% $0.3721/dmtu

CFR China 1-31 Jan Avg pricing on 28 Dec,

from Dampier delivery 1-31 Jan to Qingdao.

�� Platts iron ore: 62% Fe Australian Pilbara Blend

Lump tradeable value heard from Chinese

trader source at IODEX 62% $0.37/dmtu CFR

China 1-31 Jan Avg pricing on 28 Dec, from

Dampier delivery 1-31 Jan to Qingdao.

�� Platts iron ore: 61.22% Fe, 1.29% Al2O3

Brazilian Standard Sinter Feed Guaiba (SSFG)

Fines firm offer reported at MB 62% $1.30/

dmt CFR China 1-31 Jan Avg pricing on 28

Dec, on globalORE, final loading on 7 Dec

from Guaiba Island Terminal to Qingdao,

177,000 mt, MB-Fe VIU:Jan 2019.


Blend Fines tradeable value heard from

end-user source at IODEX 62% $1.60/dmt

CFR China 1-31 Jan Avg pricing on 28 Dec,

loading 17-26 Dec from Dampier to Qingdao,

170,000 mt.

�� Platts iron ore: 61% Fe Australian Jimblebar

Fines tradeable value heard from Chinese

trader source at IODEX 62% -$7/dmt CFR

China 1-31 Jan Avg pricing on 28 Dec,

loading 16-25 Jan from Port Hedland to

Qingdao, 90,000 mt.

weekly ferroalloy PrIces

Ferrochrome

cts/lb change/date assessedCharge Chrome 48-52% in-warehouse US. 130.000 / 135.000 12-26-18 / 12-26-1865% High Carbon in-warehouse US 98.000 / 102.000 12-26-18 / 12-26-18Low Carbon 0.05% in-warehouse US 240.000 / 245.000 12-26-18 / 12-26-18Low Carbon 0.10% in-warehouse US 199.000 / 202.000 12-26-18 / 12-26-18Low Carbon 0.15% in-warehouse US 190.000 / 195.000 12-26-18 / 12-26-18Charge Chrome 52% DDP NWE 88.000 / 93.000 -5.000 / -5.00065% 6-8% High-Carbon DDP NWE 110.000 / 113.000 -10.000 / -10.000Low Carbon 0.10% DDP NWE 210.000 / 215.000 -10.000 / -10.000Charge Chrome 48-52% CIF China 79.000 / 80.000 12-26-18 / 12-26-1858-60% High Carbon CIF China 75.000 / 77.000 12-26-18 / 12-26-1860-65% Spot CIF Japan 82.000 / 83.000 12-26-18 / 12-26-18

Ferromanganese

$/gt change/date assessedHigh Carbon 76% in-warehouse US 1300.000 / 1370.000 12-26-18 / 12-26-18

cts/lb change/date assessedMedium Carbon 85% Mn in-warehouse US 112.000 / 114.000 12-26-18 / 12-26-18

Ferromolybdenum

$/lb change/date assessedMW US FeMo 13.000 / 13.300 -0.100 / -0.200

$/kg change/date assessedMW Europe 65% Ferromolybdenum 28.300 / 28.600 -0.140 / -0.12060% FeMo FOB China 28.200 / 28.500 -1.200 / -1.00060% FeMo CIF Japan 28.200 / 28.300 -0.300 / -0.700

Ferrosilicon

cts/lb change/date assessed75% Si in-warehouse US 103.000 / 105.000 12-26-18 / 12-26-18

$/mt change/date assessed75% Si CIF Japan 1250.000 / 1270.000 -10.000 / 12-27-18

$/mt change/date assessed75% Si FOB China 1210.000 / 1270.000 -50.000 / -20.000

Eur/mt change/date assessed75% Std DDP NWE 1580.000 / 1600.000 12-27-18 / 12-27-18

Ferrovanadium

$/lb change/date assessedFree Market V205 19.000 / 21.000 12-27-18 / 12-27-18US Ferrovanadium 45.000 / 48.000 12-27-18 / -2.000

$/kg change/date assessedEurope Ferrovanadium 78.000 / 83.000 12-27-18 / 12-27-18

manganese

$/mt change/date assessedElectrolytic 99.7% FOB China 1920.000 / 1970.000 12-28-18 / 12-28-18

manganese ore

$/dmtu change/date assessed44% Manganese Ore CIF Tianjin 6.800 12-28-1837% Manganese Ore CIF Tianjin 6.200 12-28-18

molybdenum

$/lb change/date assessedMW Dealer Oxide 11.800 / 11.950 -0.190 / -0.150

Silicomanganese

cts/lb change/date assessed65% Mn in-warehouse US 62.000 / 63.000 12-26-18 / 12-26-18

$/mt change/date assessed65% Mn CIF Japan 1010.000 / 1030.000 -10.000 / -10.000

Eur/mt change/date assessed65:16 DDP NWE 1200.000 / 1250.000 12-27-18 / 12-27-18

Same-date references indicate there was no price change.




�� Platts iron ore: Australian Pilbara Blend Fines tradeable value heard from Chinese trader source at IODEX 62% $1.70/dmt CFR China 1-31 Jan Avg

pricing on 28 Dec, loading 16-25 Jan from Dampier to Qingdao, 170,000 mt.

�� Platts iron ore: 62% Fe Australian Pilbara Blend Fines tradeable value heard from end-user source at $72.30-72.40/dmt CFR China on 28 Dec, from

Dampier delivery 21 Jan - 10 Feb to Qingdao, 170,000 mt.

�� Platts iron ore: 62% Fe Australian Pilbara Blend Fines tradeable value heard from international trader source at around $72.74/dmt CFR China on 28

Dec, from Dampier delivery 21 Jan - 10 Feb to Qingdao, 170,000 mt.

�� Platts iron ore: 61% Fe Australian Pilbara Blend Fines tradeable value heard from international trader source at $71.75/dmt CFR China on 28 Dec,

loading 17-26 Jan from Dampier to Qingdao, 170,00 mt.

�� Updated: Platts iron ore: 62% Fe Australian Pilbara Blend Fines tradeable value heard from Chinese trader source at $71.40/dmt CFR China on 28

Dec, loading 17-26 Jan from Dampier to Qingdao, 170,000 mt.

�� Platts iron ore: 62% Fe Australian Pilbara Blend Fines tradeable value heard from Chinese trader source at $72.75/dmt CFR China on 28 Dec, loading

17-26 Jan from Dampier to Qingdao, 170,000 mt.

�� Platts iron ore: 62% Fe Australian Pilbara Blend Fines tradeable value heard from end-user source at $72.70/dmt CFR China on 28 Dec, loading 17-26

Jan from Dampier to Qingdao, 170,000 mt.

�� Platts iron ore: 62% Fe Australian Pilbara Blend Fines tradeable value heard from international trader source at $72/dmt CFR China on 28 Dec,

loading 17-26 Jan from Dampier to Qingdao, 170,000 mt.

�� Platts iron ore: 62% Fe Australian Pilbara Blend Fines tradeable value heard from Chinese trader source at $72.65-$72.75/dmt CFR China on 28 Dec,

from Dampier delivery 21 Jan - 10 Feb to Qingdao, 170,000 mt.

�� Platts iron ore: 61% Fe Australian Pilbara Blend Fines tradeable value heard from Chinese trader source at $71.16/dmt CFR China on 28 Dec, loading

17-26 Jan from Dampier to Qingdao, 170,000 mt.

�� Platts iron ore: 62% Fe Australian Pilbara Blend Fines tradeable value heard from international trader source at around IODEX 62% $1.80/dmt CFR

China 1-31 Jan Avg pricing on 28 Dec, from Dampier delivery 21 Jan - 10 Feb to Qingdao, 170,000 mt.

�� Platts iron ore: 61.50% Fe Australian Pilbara Blend Fines tradeable value heard from Chinese trader source at ¥555/wmt FOT Tangshan on 28 Dec.

�� Platts iron ore: 61.50% Fe Australian Pilbara Blend Fines tradeable value heard from international trader source at ¥550/wmt FOT Rizhao on 28 Dec.

�� Platts iron ore: 61.50% Fe Australian Pilbara Blend Fines tradeable value heard from international trader source at ¥556/wmt FOT Tangshan on 28 Dec.

�� Updated: Platts iron ore: 61.50% Fe Australian Pilbara Blend Fines trade heard done from Chinese trader source at ¥560/wmt FOT Tangshan on 28 Dec.

�� Platts iron ore: 61.50% Fe Australian Pilbara Blend Fines trade heard done from international trader source at ¥550/wmt FOT Qingdao on 28 Dec.

�� Platts iron ore: 61.50% Fe Australian Pilbara Blend Fines trade heard done from international trader source at ¥545/wmt FOT Rizhao on 28 Dec.

�� Platts met coal: Anglo American's Australian Premium Low-Vol German Creek tradeable value heard on 28 Dec at $188/mt CFR China, laycan Dec,

75,000 mt on Panamax.

�� Platts met coal: BMA's Australian Premium Low-Vol Saraji tradeable value heard on 28 Dec at $190.00-$192/mt CFR China, from Australia, 75,000 mt

on Panamax.

�� Platts met coal: BMA's Australian Premium Low-Vol Saraji tradeable value heard on 28 Dec at $196.00-$198/mt CFR China, from Australia, 75,000 mt

on Panamax.

�� Platts met coal: BMA's Australian Premium Low-Vol Saraji tradeable value heard on 28 Dec at $185/mt CFR China, from Australia, laycan on 20 Jan,


�� Platts met coal: Australian Premium Low-Vol Saraji indicative offer heard on 28 Dec at ¥1720/mt Ex-stock Jingtang China, from China, laycan on 20

Jan, 75,000 mt on Panamax.

�� Updated: Platts met coal: Australian Premium Low-Vol Saraji indicative bid heard on 28 Dec at $185/mt CFR China, from Australia, laycan on 15 Jan,


�� Platts met coal: BMA's Australian Premium Mid-Vol Goonyella indicative bid heard on 28 Dec at $194/mt CFR China, from Australia, 75,000 mt on Panamax.

�� Platts met coal: BMA's Australian Premium Mid-Vol Goonyella indicative bid heard on 28 Dec at $182/mt FOB Australia, from Australia, 75,000 mt

on Panamax.

�� Platts met coal: Jellinbah's Rangal HCC Lake Vermont HCC tradeable value heard on 28 Dec at $180/mt CFR China, from Australia, 75,000 mt on Panamax.

�� Platts met coal: Jellinbah's Rangal HCC Lake Vermont HCC indicative bid heard on 28 Dec at $190/mt CFR China, from Australia, 75,000 mt on Panamax.

(This is a sample of trade and market information gathered by Platts editors as they assessed the daily coking coal, steel, scrap and freight prices. They

were first published on Platts Metals Alert earlier in the day as part of the market-testing process with market participants. For more related informa-

tion about that process and our realtime news and price services, please request a trial to Platts Metals Alert or learn more about the product offering

by visiting www.platts.com/Products/metalsalert)

markEtPlaCE




SuBSCrIBEr nOtES

Platts to stop publishing Pinnacle uS hCC relative priceS&P Global Platts has decided to discontinue the publication of the Pinnacle low-vol hard coking coal brand assessment, effective March 1, 2019.

The assessment is found in the US Metallurgical Coal Relativities table, published in page 9 of the Steel Markets Daily publication, page 8 of Coal Trader International publication, and page 6 of Coal Trader publication.

The decision follows industry feedback and a confirmation from operator Mission Coal Company to close the West Virginia mine. Mission Coal will process any remaining raw coal from the mine into salable product during the fourth quarter of 2018.

The Pinnacle brand's assessed value in the US Metallurgical Coal Relativities will be published February 22, 2019, for the last time. Platts will continue to publish assessments for the remaining brands, and their relative spread to Platts US Low Vol HCC assessments, basis FOB Hampton Roads.

Please submit any feedback, comments or questions about this proposal to Hector Forster, [email protected] and [email protected].

For written comments, please provide a clear indication if comments are not intended for public viewing. S&P Global Platts will consider all comments received and will make comments not marked as confidential available upon request.

Platts to launch met coke 65%/63% CSr, 62%/60% CSr assessmentsS&P Global Platts will launch the met coke 65%/63% CSR, 62%/60% CSR assessments on a daily basis and with FOB North China and CFR India incoterms, on January 2, 2019. The launch of these assessments comes on the back of consistent and growing market demand for increased pricing information in the met coke 65%/63% CSR, 62%/60% CSR markets.

The assessments would reflect metallurgical coke with a 65%/63% CSR (65% CSR guaranteed, 63% CSR rejection) and 62%/60% CSR content, 12.5% ash, 0.65% sulfur, 82% minimum Micum 40, 8%, maximum Micum 10, 30-80 mm size, 25%-26% CRI, 5% TM.

All origins of metallurgical coke would be taken into consideration, and will be normalized back to Platts base standards. These assessments will be published on Platts Metals Alert, page MW0205, SBB Steel Market Daily and Coal Trader International.

Please submit any feedback, comments or questions about this decision to: [email protected] and [email protected].

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider

Platts to launch coking coal swaps assessment for yr02S&P Global Platts will launch a coking coal swaps assessment for two years ahead (Yr02) in order to comprehensively reflect the liquidity and open interest from February 1, 2019.

The new contract will be as follows:

�� TSI Premium Hard Coking Coal FOB Australia swap $/mt Yr02 and will carry the code "MCPLY02". The assessment will be on a daily basis with 5:30

pm Singapore time-stamp.

�� In line with the current assessment, the proposed Yr02 coking coal swap assessment will also be based on TSI Premium Hard Coking Coal Australia

Export FOB East Coast Port (TS01034).Please submit any feedback, comments or questions to [email protected], copying [email protected] and [email protected]

For written comments, please provide a clear indication if they are not intended for publication by S&P global Platts for public viewing.

S&P Global Platts will consider all comments received and will make those not marked as confidential available upon request.

Fomento associated Singapore holdings Pte. ltd. (FaSh ) to join asia iron ore physical mOCFomento Associated Singapore Holdings Pte. Ltd. (FASH) has advised S&P Global Platts that it would like to participate in the Platts Asia Market on Close assessment process for Asia iron ore physical.

Platts has reviewed Fomento Associated Singapore Holdings Pte. Ltd. (FASH) and will consider information from Fomento Associated Singapore Holdings Pte. Ltd. (FASH) in the Asia assessment process for Asia iron ore physical, subject at all times to adherence to Platts editorial standards.

Platts will publish all relevant information from Fomento Associated Singapore Holdings Pte. Ltd. (FASH) accordingly.

Platts welcomes all relevant feedback regarding MOC participation. Platts considers bids, offers and transactions by all credible and credit-worthy parties in its assessment processes.

For comments and feedback, please contact Platts editors at [email protected] and [email protected].




SubSCRIbER NOTES (CONTINuED)

End of year publishing and assessment schedule for Platts metals price reportingPlatts Metals Daily, Platts Steel Business Briefing, Platts Steel Price Report and Platts Steel Market Daily will not publish on Monday, December 24, 2018; Tuesday, December 25, 2018; Monday, December 31, 2018, and Tuesday, January 1, 2019. Platts Metals Week Price Notification Monthly Report will be published on Wednesday, January 2, 2019.

Normal publishing schedules will resume globally on Wednesday, January 2, 2019.

S&P Global Platts offices in the Americas will be closed Tuesday, December 25, 2018, and Tuesday January 1, 2019, while on Monday, December 24, 2018 and Monday, December 31, 2018 the only assessments published will be the US Aluminum Midwest Transaction Premium and US Aluminum Midwest Transaction Price which will follow an early market close on both days at 12:00 p.m. EST.

For those days where there are assessments but no publications the assessments will be available on Platts Metals Alert only.

S&P Global Platts offices in Europe will be closed Monday, December 24, 2018; Tuesday, December 25, 2018; Wednesday, December 26, 2018; Monday, December 31, 2018, and Tuesday, January 1, 2019. There will be an early market close at 12.30 p.m. GMT on Friday, December 21, 2018 and Friday, December 28, 2018.

S&P Global Platts offices in Asia will be closed Monday, December 24, 2018; Tuesday, December 25, 2018; Monday, December 31, 2018, and Tuesday January 1, 2019. There will be an early market close at 12.30 p.m. GMT 8 on Friday, December 21, 2018, and Friday, December 28, 2018.

For full details of Platts' publishing schedule and services affected, refer to www.spglobal.com. Please send any comments or questions to [email protected].

technical difficulties resolved with Platts applicationsPlease note that the technical issues with multiple Platts applications -- including: Platts Market Center (PMC) site, Platts Excel Add-In (PEA), API feeds, Gas Daily Preliminary Price Report (GDPPR) microsite and Steel Business Briefing (SBB) -- have now been resolved.

Our technology team continues to monitor our systems and is actively validating that all data has been restored.

If you continue to experience any disruption, please contact [email protected]

Platts updates market Data FtP delivery platform December 15, 2018S&P Global Platts is working to upgrade the infrastructure that underpins Platts Market Data FTP delivery platform. This upgraded platform can be accessed from December 15, 2018.

Details to access the upgraded FTP platform:

Due to a change in S&P Global Platts information security posture the new platform will support only SFTP protocol. This means that FTP protocol connections will no longer work.

If you use a client software like Filezilla to connect, this change requires you to specify Protocol=SFTP and port=22

If you utilize a script, it must specify protocol as SFTP and/or port=22

Access the upgraded platform by using this new url, sftp.platts.com, your current credentials/privileges will be replicated. We strongly recommend using the url to connect but if the IP address is needed please contact S&P Global Platts Client Services.

To ensure you have adequate time to test, validate and migrate to the new platform, the current production platform (ftp.platts.com) will remain live until February 16, 2019.

Please make all necessary changes to begin using the upgraded platform as soon as possible.

If you currently connect to S&P Global Platts via SSH you should not need a new encryption key, however if you experience any issues connecting, please contact S&P Global Platts Client Services.

During 2019 we will continue to enhance the platform and additional security changes will be implemented such as adopting e-mail addresses in lieu of current User IDs and enforcing regular password resets. You will receive further details next year.

For any questions please email [email protected] or contact us on:

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Platts proposes to launch 65% Fe fines index basis atlantic, Dr iron ore pellet contract pricingS&P Global Platts is reviewing its methodology around publication of iron ore pellets pricing for Atlantic blast furnace and direct reduction grade estimated contract references published on page 3 of Steel Markets Daily.

Platts is inviting feedback on this proposal until January 16, 2019.

Platts proposes to publish blast furnace and direct reduction pellet premiums and total dmtu blast furnace pellet pricing on a 65% Fe fines index in pricing formulas in addition to the current contract pellet assessments.

Platts proposes to retain publication of references basis Platts IODEX 62% Fe fines and a multiple (x3) of the 1% Fe differential monthly average (IOMGD03).

Platts proposes to use a 65% Fe fines CFR China netback to Tubarao, Brazil, based on Platts' 65% fines China CFR indexes and daily Capesize voyage assessment between Tubarao and Qingdao, North China (IOFBC00), for calculation of contract formulas using 65% Fe fines.

Platts proposes to make these changes effective February 1, 2019. Feedback will be considered through January 16, 2019.

Please submit any feedback, comments or questions about this proposal to [email protected] and [email protected].

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.

SubSCRIbER NOTES (CONTINuED)

thE BarrElthe Platts blog that spans the commodities spectrumRead and respond to posts from Platts editors and analysts on issues affecting a wide range of the world’s energy, petchem, and agriculture resources.

Oil, natural gas, Electricity and Coal, Steel and metals, Petrochemicals, Biofuels and agriculture, renewables

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traDe case status rePortcomplainant Duties Product(s) origin(s) status/commentsnorth americaUS Import tariff Steel Global The US has implemented a 25% tariff on steel imports as of March 2018. The US

has reached agreements with Argentina, Australia and Brazil that will exempt those countries. Turkish tariffs were doubled to 50% as of August 2018.

US Quota Steel US-South Korea An agreement was reached in March 2018 on changes to the US-Korea Free Trade Agreement, also known as KORUS. Imports of steel from South Korea will be subject to a product-specific quota equivalent to 70% of the average annual import volume of such products during the period of 2015-2017.

US Quota Steel Brazil Brazil accepted in May a hard quota system the proposed by the US, which includes a 70% annual limit on finished steel exports to the US based on the average of the past three years. Semi-finished products were eligible for a 100% quota under the same scheme.

US AD HRC China In a final determination in September 2018, Commerce said that China's Baosteel, Shanghai Meishan Iron & Steel, and Union Steel China did not demonstrate the need to be assigned a separate rate and will therefore be subject to the China-wide rate of 90.83%

US AD HRC Australia, Brazil, Japan, Netherlands, Russia, South Korea, Turkey, UK

Final duties of 4.61%-9.49% for South Korea, Netherlands 3.73%, Turkey 4.15%-6.77%, Japan 0.54%-7.64%, Australia 29.58%, Brazil 34.28% and UK 33.06%. Russian duties of 73.59%-184.56%, as of September 2016

US CVD HRC Brazil, Korea, Turkey Final duties applied at 3.89%-58.68% for South Korea and 30.2% for Brazil. Negative determination made regarding Turkey

US AD CRC Brazil, China, India, Japan, Russia, South Korea, UK

The trade commission found no injury from Russian imports. Final duties remain for China 265.79%, Japan 71.35%, Brazil 9.58%-35.43%, UK 5.4%-25.56% and India 7.6%. Japanese light-gauge CRC duties preliminarily revoked. Preliminary duties of 2.78%-36.59% for south Korea.

US CVD CRC Brazil, China, India, South Korea, Russia Final duties at 3.89%-42.61% for South Korea, 256.44% for China, Brazil 11.09%-11.31%, India 10% and Russia 0.62-6.95%

US CVD CRC and corrosion-resistant steel Vietnam/China Final AD and CVD cash deposit rates for CORE produced in Vietnam using Chinese-origin substrate set at 199.43% and 39.05%, respectively, in line with those levied against China. AD and CVD cash deposits on CRC imports at 265.79% and 256.44%, respectively, in line with Chinese rates.

US AD, CVD Galvanized sheet China Commerce found a 199.43% dumping margin and a 39.05%-256.44% range of subsidy rates

US AD Rebar Japan, Taiwan, Turkey Final margins of 5.39%-9.06% for Turkey, 206.43%-209.46% for Japan and 3.50%-32.01% for Taiwan

US AD Rebar Mexico Preliminary weighted-average dumping margin for Mexican rebar producers -- with the exception of Deacero -- was set at 3.70%, up from zero.

US CVD Rebar Turkey Final subsidy for Habas adjusted to 15.99%. No enforceable CVD margins were found for other companies.

US AD Rebar Belarus, China, Indonesia, Latvia, Moldova, Poland, Ukraine

After a third sunset review in October 2018, duties will remain in place at 114.53% for Belarus, 113% for China, 71.01% for Indonesia, 16.99% for Latvia, 232.86% for Moldova, 52.07% for Poland, and 41.69% for Ukraine

US AD Cut-to-length plate South Korea Final dumping margins set at 0.9%-11.64% following administrative review

US AD Cut-to-length plate Austria, Belgium, Brazil, China, France, Germany, Italy, Japan, South Korea, South Africa, Taiwan, Turkey

Final duties affirmed for Austria 53.72%, Belgium 5.4%-51.78%, Brazil 74.52%, China 68.27%, France 6.15%-148.02%, Germany 5.52%-22.9%, Italy 6.08%-22.19%, Japan 14.79%-48.67%, South Africa 87.72%-94.14%, S. Korea 7.1%, Taiwan 3.62%-75.42%, Turkey 42.02%-50%

US CVD Cut-to-length plate Brazil, China, South Korea Final subsidy rates at 251% for China and 4.31% for South Korea . ITC terminated the Brazilian subsidy investigation. Subsidy rate for Jiangsu Tiangong Tools, Tiangong Aihe, Jiangsu Tiangong Group, and Jiangsu Tiangong Mould Steel R&D Center was lowered to 24.04%

US AD Corrosion resistant steel Taiwan Dumping margins adjusted to 1.31%-4.89%, following an administrative review of the June 2, 2016- June 30, 2017 period

US AD Corrosion-resistant sheet China, India, Italy, South Korea, Taiwan Final AD duties of 199.43% for China; India 3.05%-22.57%, Italy 12.63%-92.12%, South Korea 7.88%-8.75% and Taiwan 2.15%-4.9%

US CVD Corrosion-resistant sheet China, India, Italy, South Korea, Taiwan Final CVD margins of 8%-29.46% for India; de minimis to 38.51% for Italy; de minimis to 1.19% for South Korea (subject to review) and 0% for Taiwan. ITC commissioners voted to terminate the CVD investigation on allegedly subsidized line pipe from China

US CVD Structural tube Turkey Commerce lowered margins to 9.87%-15.08%

US AD Structural tube Mexico, South Korea, Turkey Final duties of 2.34%-3.82% for Korea, 3.83%-5.21% for Mexico and 14.48%-17.73% for Turkey

US AD Mechanical tube China, Germany, Italy, India, South Korea, Switzerland

Commerce has set final dumping margins of 45.15%-186.89% for China, 3.11%-209.06% for Germany, 8.26%-33.80% for India, 47.87%-68.95% for Italy, 30.67%-48% for South Korea, and 7.66%-30.48% for Switzerland.

US CVD Mechanical tube China, India Final subsidy rate of 18.27%-21.41% for China and 8.02%-42.6% for India

US AD, CVD Welded stainless pressure pipe India Final determination of 0%-12.66% dumping margin, with a 8.35%-10.17% cash deposit. Final subsidy rates of 3.13%-4.65%

US AD Welded carbon-quality steel pipe Oman, South Korea Preliminary weighted-average dumping margin for South Korea at 10.56%, with the exception of Husteel and Hyundai Steel Co., which received preliminary margins of 12.65% and 8.47%, respectively. Oman's Al Jazeera Steel Products Co. received a preliminary weighted-average dumping margin of 3.84%.

US AD, CVD Circular welded carbon-quality steel pipe

Oman, Pakistan, United Arab Emirates Final dumping margins formalized for Oman at 7.24%, UAE 5.58%-6.43% and Pakistan 11.8%. Pakistan CVD determination postponed

US AD Welded carbon steel standard pipe Turkey Final weighted-average dumping margin of 2.55%. Toscelik Profil ve Sac Endustri received a final weighted dumping margin of zero, down from a prior rate of 1.91%.

US AD Circular welded steel pipe and tube Thailand In April 2018 Commerce set preliminary weighted-average dumping margins of 10.66% for Pacific Pipe and 5.34% for Thai Premium Pipe. Final weighted average dumping margins were set in October 2018 at 30.61% for Pacific Pipe Co., 28% for Saha Thai Steel Pipe, and 30.98% for Thai Premium Pipe Co.




US CVD Seamless pipe China Duties extended for further five years. US Dept. of Commerce said early February that net subsidies of 13.66%-56.67% would continue or recur if duties were terminated

US AD Small-diameter seamless pipe Germany ITC affirmed duties will be extended for another five years. In December Commerce determined revocation of the duty would lead to a weighted-average dumping margins of up to 57.72%.

US AD Circular welded pipe China Wheatland Tube has filed an allegation of duty evasion against Chinese producers. dumping margins of 69.20%-85.55% and subsidy rates of 29.62%-616.83% remain in effect.

US AD Circular welded pipe & tube Taiwan After an administrative review of the May 1, 2016 through April 30, 2017 period, a weighted average dumping margin was set at 7.47% for Shin Yang Steel Co., up from1.78%. Commerce found that Taiwan's Yieh Hsing made no shipments during the period of review.

US AD Welded line pipe South Korea Final dumping margins raised to 17.81%-18.77% following administrative review

US AD Welded non-alloy steel pipe Mexico, South Korea Following an administrative review of the November 1, 2015- October 31, 2016 period, Commerce set a weighted-average dumping margin at 48.33% for Maquilacero, while Productos Laminados de Monterrey's dumping margin was set at zero. Final weighted dumping margins were set at 7.71%-30.85% for South Korea.

US AD Seamless standard, line and pressure pipe

Japan, Romania Duties to be extended for another five years. Japan is under duties of 68.88%-107.8% for large and small diameter pipe. Romania faces 11.08%-15.15% for small diameter pipe.

US AD Stainless steel plate in coil Belgium, South Africa, Taiwan ITC determined that AD and CV duties will remain in place

US AD, CVD Stainless sheet and strip China Preliminary AD margins of 63.86% and 76.64%. CVD duties of 57.30%-193.12%

US AD, CVD Stainless sheet and strip Japan, South Korea, Taiwan US International Trade Commission has determined that duties of 57.89% for Japan, 58.79% for Korea and 21.1% for Taiwan will be extended for another five years. South Korea received a 1-4%.64% subsidy rate.

US AD Stainless seamless pipe India Following a changed circumstances review, Commerce set a final weighted-average dumping margin of 30.92% for Viraj Profiles and Venus Wire Industries. The duties will also apply to companies affiliated with Venus Wire.

US CVD Stainless seamless pipe India Preliminary CVD duties of 2.96%-6.21% applied to welded stainless pressure pipe suppliers.

US AD Large-diameter welded line pipe Canada, China, Greece, India, South Korea, Turkey

Final dumping margins set at 132.63% for China and 50.55% for India. Preliminary dumping margins set at 24.38% for Canada, 22.51% for Greece, 14.97%-22.21% for South Korea and 3.45%-5.29% for Turkey.

US CVD Large-diameter welded line pipe China, India, South Korea, Turkey Final rates at 198.49% for China, 541.15% for India. Preliminary margins at 0.01%-3.31% for South Korea, and 1.08%-3.76% for Turkey

US AD Stainless steel wire Japan, South Korea, Taiwan Existing AD duties of 34% will remain after sunset review

US AD Wire rod Mexico After a review in November 2018, preliminary dumping margins were set at 17.56%-40.52%.

US AD Wire rod Belarus, Italy, Russia, South Africa, South Korea, Spain, Turkey, UAE, UK, Ukraine

Final dumping margins at 280.02% for Belarus, 12.41%-18.89% for Italy, 436.80%-756.93% for Russia, 135.46%-142.26% for S. Africa, 41.10% for S. Korea, 84.10% for UAE, 34.98%-44.03% for Ukraine, 10.11%-32.64% for Spain, 4.93%-6.44% for Turkey, 147.63% for UK

US CVD Wire rod Italy, Turkey Commerce finalizes rates at 4.16%-44.18% for Italy. Commerce adjusted the subsidy rate for Habas to 3.88%, from 3.86%. the subsidy rate set for all other Turkish producers has increased from 3.84% to 3.85%.

US AD Stainless steel wire rod India Dumping margins of 48.8% to remain for another five years, after May 2017 sunset review

US AD OCTG South Korea For the September 1, 2016-August 31, 2017 period of review, a preliminary weighted-average dumping margin of 47.62% was set for Nexteel, while SeAH Steel received a preliminary dumping margin of 19.4%. The preliminary rate for all other South Korean OCTG producers and exporters was set at 35.25%.

US AD OCTG Vietnam Final redetermination at a weighted-average dumping margin of 72.25%-111.47%.

US AD OCTG India In November the all others estimated weighted-average final dumping margin was set at set at 11.24%, up from 5.79% and in line with the rate set for India's Jindal SAW Ltd.

US AD OCTG Turkey. Following an administrative review of the September 1, 2016 - August 31, 2017 period, the all-others rate was lowered to 1.59% from 35.86%. Commerce found that Turkey's Tosçelik had no exports, sales, or entries of subject merchandise to the US during the period of review.

US AD, CVD Stainless sheet and strip China Final AD margins of 63.86%-76.64% with cash deposit of 45.26%-58.04%. CVD of 75.60%-190.70%

US AD Light rectangular tubing Taiwan Duties of 40.97% to be upheld for another five years

US AD Light -walled rectangular pipe and tube

Mexico US Commerce Department preliminarily determined that imports of light-walled rectangular pipe and tube from Mexico were sold in the US for less than normal value

US AD Heavy -walled rectangular pipe and tube

Mexico In an October 2018 administrative review, a preliminary weighted-average dumping margin set at 6.34%. Maquialacero S.A. de C.V.'s dumping margin was set at zero and it was determined that Tuberia Nacional S.A. de C.V. did not make any shipments or sales subject to the review.

Canada Tariff Steel US US steel products are subject to a 25% import tariff

Canada AD, CVD Hot rolled plate India, Russia Countries found not to have dumped in January announcement

Canada AD Plate China The Canada Border Services Agency has decided to continue duties of 27.3%

Canada AD, CVD Line pipes China, Japan Final dumping margin for China of 95% (subsidy rate of 30.3%) and Japan 22.1-95%

Canada AD Line pipes South Korea Final dumping margins of 4.1%-88.1%

Canada AD Welded pipe Taiwan Duties on Chung Hung and Shin Yang removed. Duties against other Taiwanese exporters reduced to 29.6% from 54.2%

traDe case status rePortcomplainant Duties Product(s) origin(s) status/comments





Canada AD Welded pipe Pakistan, Philippines, Turkey, Vietnam Preliminary margins of 10.1%-58% for Pakistan, 3.8%-30.1% for the Philippines, 3%-95% for Turkey and 10%-47.7% for Vietnam set in October 2018

Canada AD HRC Brazil, China, Ukraine 77% dumping margins extended for five years from August 2016

Canada CVD HRC India 3,500 rupees/mt ($52/mt) duty extended for five years from August 2016

Canada AD Rebar Belarus, Hong Kong, Japan, Taiwan, Portugal, Spain

Final determinations affirmed at 37.5% for Belarus, Taiwan 0-108.5% , Hong Kong 54-108.5%, Portugal 2.4-108.5%, Spain 37-108.5%, Japan 108.5%

Canada AD, CVD Fabricated structural steel China, South Korea, Spain The Canada Border Services Agency (CBSA) found weighted average dumping margins of 9-45.8% for China, 1.9-45.8% for South Korea and 0-45.8% for Spain. CBSA set CVD of Yuan 152-11,656/mt for China

Canada AD Corrosion-resistant sheet China, India, Taiwan and South Korea Provisional duties set at 7.3%-44.2% for China, 2.5%-24.7% for Taiwan, 8.7%-39.3% for South Korea and 39% for India.

Canada AD, CVD CR coil and sheet China, South Korea and Vietnam China's CRC exports to Canada received a final dumping margin of 91.9% and a subsidy rate of 11.6%, while CRC imports from South Korea received a final dumping margin of 53% and subsidy rate of 11.3%. CRC exports from Vietnam received a final dumping margin of 99.2% and subsidy rate of 6.5%.

Mexico AD Wire rod China Definitive duty of 49 cents/kg

Mexico AD CR sheet China Duties of 65.99%-103.41% imposed

Mexico CVD CR sheet China Duties of up to 103.42% on boron-added imports

Mexico AD Coated sheets China, Taiwan Definite antidumping duties of 22.22%-76.33% for China and 22.26%-52.57% for Taiwan

Mexico CVD HRC Russia, Ukraine Duties of 21% for Russia and 25% for Ukraine extended for further five years

Mexico AD Plate Italy, Japan Investigation launched

Mexico AD Plate Russia Duty of 29.3% renewed for another five years

Mexico AD Seamless pipe Japan Existing duty of 99.9% renewed

Mexico AD Welded tube China Final duties of $0.356-0.618/kg on imports of welded steel tube shipped by Chinese exporters, regardless of the country of origin

Mexico AD Seamless tubes India, South Korea, Spain, Ukraine Investigation launched in December 2016

Mexico CVD Seamless tubes India, South Korea, Spain, Ukraine Definitive duties of 20.67 cents/kg for India, 13.12 cents/kg for South Korea, 37.85 cents/kg for Spain, and 17.01 cents/kg for Ukraine.

Mexico Import tariff Slabs, plates, HRC, CRC, wire rod All suppliers Temporary import tariff of 15% extended for another six months

South americaArgentina AD Welded and seamless pipes China Commission of Foreign Trade has imposed a 26% ad valorem anti-dumping tariff

Argentina Export tariff All exports, including steel All domestic exporters For primary products, for every $1 exported, a duty of Argentinian Pesos 4 is charged, while for finished products, for every $1 exported a duty of Pesos 3 is charged.

Colombia AD Wire rod China Provisional duties extended for two months in February

Colombia AD Casing and tubing pipes China Duties extended for three years , as of June 20. 15% AD corresponding to the difference between the base price of $2,388.23/mt FOB and the FOB price value declared by the importer

Colombia AD Carbon steel welded tubes China Provisional antidumping duty of 20%

Chile AD Wire rod All countries (China major importer) except Canada, Mexico, Peru and developing countries that account for no more than 3% of Chile's rod imports

CNDP extended provisional antidumping duties of 18.1%-40.6%

Chile AD Rebar Mexico Investigation launched March 2018

Chile AD Steel bars for grinding balls production China Definitive duty of 8.2%-22.9%

Peru AD Tubes China Duties imposed for three years from April 2015

Peru AD Rebar Brazil, Mexico Investigation launched

Brazil AD Heavy plate China Duties of $211.56/mt extended to chrome-added and titanium-added heavy plate.

Brazil AD HR bars China Investigation launched in January 2017

Brazil AD Rebar Turkey Case started in January 2016, no timeframe disclosed

Brazil AD Seamless pipes China Camex studying an extension of the $743/mt duty

Brazil AD Steel wire, alloyed steel flat bar China The Ministry of Industry has set duties of $199.19/mt-$505.56/mt for imports of high-carbon steel wire and a duty of $495.73/mt on Chinese imports of alloyed steel flat bar

Brazil AD Austenitic stainless steel tubes Malaysia, Thailand, Vietnam Duties of $367/mt-$740.02/mt for Malaysia,$747.56/mt for Thailand, and $782.11/mt-888.27/mt for Vietnam.

Brazil AD Seamless pipes China, Romania Duties extended for five years, until August 2022. China subject to $743/mt duty and Romania subject to an ad valorem tariff of 14.3% over the CIF price

Brazil CVD Hot-rolled flat steel China Camex trade secretariat has imposed a duty of up to $425.22/mt for five years. Camex has delayed the tariff for up to one year.

Costa Rica Safeguard duties

Rebar All suppliers investigation launched

Europe & turkeyEU Safeguard

dutiesSteel products All suppliers The European Commission has imposed provisional safeguard measures on steel

under the form of a tariff rate quota.

EU AD HR plate and seamless tubes China Final duties for heavy plate set at 65.1-73.7%

EU AD HRC Brazil, Iran, Russia, Ukraine Definitive fixed duties per ton added on to the CFR price once the material arrives in Europe. €53.40-63.00/mt for Brazil, €57.50/mt for Iran, €17.60-96.50/mt for Russia and €60.50/mt for Ukraine

EU AD,CVD HRC China AD & CVD total 18.1%-35.9% for China

EU AD CRC China, Russia Definitive retroactive duties of 19.7%-22.1% for China and 18.7%-36.1% for Russia

EU AD Corrosion-resistant coated steel China Final duties of 17.2%-27.9%




EU AD Rebar China, Belarus Definitive duties of 18.4%-22.5% for China, with no retroactive duties. Definitive duty of 10.6% for Belarus. Deposits collected under the provisional duties are to be released for certain Belarusian rebar exempt from the definitive duties.

EU AD Grain-oriented electrical steel China, Russia, South Korea, US Definitive duties were set at 21.5%-36.6% for China, Japan 35.9%-39.0%, Korea 22.5%, Russia 21.6% and US 22.0%

EU AD Stainless CR China, Taiwan The Commission ends absorption investigation without adjusting duties imposed in August (China 24.3%-25.2%, Taiwan 6.8%)

EU AD Butt-weld tube & pipe fittings China Duties in place since 1996 extended

EU AD Seamless pipe China Final duties of 29.2%-54.9%

EU AD Seamless pipe & tube Russia, Ukraine After an expiry review in October 2018, the European Commission has decided to continue duties of 12.3%-25.7% for Ukraine and 24.1%-35.8% for Russia

EU AD Hollow sections, pipe & tube Macedonia, Russia and Turkey Investigation launched October 2018

EU AD HDG China Provisional anti-dumping duties of 17.2%-28.5%

EU AD Stainless steel seamless pipe China EU Commission has extended duties of 48.3%-71.9%

EU AD,CVD Organic coated sheet China Expiry review initiated for dumping duties of 5.9%-26.1% and countervailing duties of 13.7%-44.7%

EU AD Sheet piles China Investigation launched

EU AD Wire rod China Final duties of 24% set in 2008

Turkey AD Heavy plate China Final duties of 16.89%-22.55%

Turkey AD, CVD HRC China, Russia, Ukraine Petition filed in October 2016

Turkey Import duty

HRC All suppliers Duty reduced to 3.5% from 5% for re-rollers, effective Jan 1. General HRC import duties kept unchanged at 9%.

Turkey AD Seamless pipe China Final dumping margin of $100-120/mt

Turkey AD PPGI China Final dumping margin determined at 23.4%

Turkey Import duty Rebar Third country imports Duty reduced to 0%, effective Jan 1. Duty continues at 0% for EU and countries with which Turkey has free trade agreements.

Turkey Safeguard duties

Steel flats, longs, pipes, stainless products and railway equipment

All suppliers Turkey has decided to impose safeguard duties in the form of a tariff rate quota--a 25% duty if established quotas are exceeded are effective October 17 2018.

CIS

Eurasian Economic Union

AD HDG sheet Ukraine & China Investigation launched in July 2018

Ukraine AD Wire rod & rebar Russia Final duty of 51.21%, effective February 28 2018

africa & middle East

Morocco Safeguard duties

Rebar, wire rod All imports Duties of dirham 0.55/kilogram extended by three years from December 2015. Tonnage allowed in duty-free rises by 10% per year

Morocco Safeguard duties

CRC, coated sheet All imports Duty rates are 22% for 2015, 20% for 2016, 18% for 2017 and 16% for 2018

Egypt Safeguard duties

Rebar All imports for three years from May 2015 Tariff of 8%

Egypt AD CRC Belgium, China, Russia, Investigation launched in October 2016

Egypt AD Rebar China, Turkey, Ukraine Temporary duties of 17% for China, 10-19% for Turkey and 15-27% for Ukraine to be maintained for another five years from December 6 2017

Iran Import duties

HRC & CRC (all thickness), plate, longs and semi-finished products

All suppliers Duties on most long products at 26%; duties on HRC & CRC at 10%-20%; duties at 5% for semi-finished products; API grade plate decreased to 10% from 15%, tinplate tariff reduced to 15% from 26%

Iran Export duty Iron ore pellet All suppliers 15% duty applied to exports

Saudi Arabia Export duty Steel All exporters Saudi Arabia’s Ministerial Provisioning Committee has suspended duties on steel exports for two years

South Africa Safeguard duties

HR coil & plate All suppliers Duties of 22% in 2017, 20% in 2018 and 18% in 2019

asiaTaiwan AD Hot-dip galvanized coil/sheet China, South Korea Final duties in the range of 4.22%-77.3%, with producers from South Korea hit with

the heaviest penalty of 77.3%.

Taiwan AD Heavy plate Brazil, China, India, Indonesia, South Korea, Ukraine

Final duties of 30.29%-59.73% for China, Brazil 31.1%, India 25.85%, Indonesia 46.84%, South Korea 8.66%-80.5% and Ukraine 26.57%

South Korea Import tariff Stainless steel bars Italy, Taiwan In September 2018 tariffs of 9.68-18.56% were set for Taiwan and 11.02-13.08% for Italy.

Taiwan AD Steel products China Investigation launched

South Korea AD Stainless steel plate Japan The Korea Trade Commission has requested the Ministry of Trade extend 13.17% duty for three years

South Korea AD Galvanized steel wire China Final duty of 8.6% for five years, as of May 2018

Thailand AD HRC Brazil, Iran, Turkey Final duties of 34.4% for Brazil, Iran 7.25%-38.27% and Turkey 6.88%-38.23%, effective for five years from May 16 2017

Thailand AD HDG coil/sheet China, South Korea, Taiwan Investigation launched in September 2016

Thailand AD Pickled and oiled HRC South Korea Investigation announced on February 4. Sahaviriya Steel Industries alleges a dumping margin of 22.11%

Thailand AD Al-Zn alloy coated sheet Vietnam Final duties of 6.20%-40.49% levied

Thailand AD Painted HDG, Painted Al-Zn alloy steel Vietnam Final duties of 4.3%-60.26% levied

Thailand AD Mild HRC, pickled coil & HR plate China, Malaysia Duties of 30.91% for China and 23.57%-42.51% for Malaysia extended for another five years, effective June 23 2017





Thailand AD Welded pipe China, South Korea Final duties of 3.22%-66.01% for China and 3.49%-53.88% for South Korea, effective for five years from July 19 2017

Thailand AD Alloy-added high-carbon Wire rod China Final duties of 12.26%-36.79%, effective from December 22 2016, for five years

Thailand AD Low-carbon Wire rod China Duties of 12.81%-31.15% no longer apply to products under the single HS code of 7227.9000.090

Thailand AD HRC 14 countries including South Korea, Japan, India, Taiwan, Russia

AD duties of 3.45%-128.11% extended for five years from May 2015.

Thailand AD Stainless steel pipes China, South Korea, Taiwan, Vietnam Duties of 310.74% for Vietnam, South Korea 11.96%-51.53%, China 145.31% and Taiwan 2.38%-29.04%

Thailand Safeguard duties

Alloy-added H-beam All suppliers Final duties will span two years, at an initial rate of 31.43% for the first year and 31.05% thereafter. 180 countries exempt

Malaysia AD HRC China Duties of 6.35%-12.19% imposed in February 2015

Malaysia AD CRC China, South Korea, Vietnam Final duties of 3.78%-23.78% for China, 3.78%-21.64% South Korea and 3.06%-13.68% Vietnam

Malaysia Safeguard duties

HR plate All suppliers Safeguard duties extended for further three years in July 2016

Malaysia Safeguard duties

Rebar, wire rod, deformed bar-in-coil 42 countries including China, Japan, US and EU countries

Rebar 13.42% in year one, down to 12.27% & 11.10% in years two & three; Wire rod & bar-in-coil 13.90% in year one, down to 12.90% & 11.90% in years two & three

Malaysia Import duties

Rebar, wire rod Importers 5% import tariff reinstated in June

Malaysia AD Color coated coil China, Vietnam Duties of 00.6% to 52.10% (all Chinese exporters) imposed in January

Malaysia AD CR stainless coil & sheet China, South Korea, Taiwan, Thailand Final duties of 2.68%-23.95% for China; 4.44%-7.27% for South Korea (Hyundai BNG Steel and Hyundai Steel Company are excluded); 2.79%-14.02% for Taiwan (China Far Industrial Factory and Yieh United Steel Corporation (YUSCO) are excluded ); 22.86%-111.61% for Thailand.

Vietnam AD CR plate China, Taiwan, Indonesia, Malaysia Duties imposed in September 2014

Vietnam Safeguard duties

Color coated sheet All importers Investigation launched in July 2016

Vietnam AD HDG and aluminium/zinc-coated steel China, South Korea Final duties of 3.17%-38.34% for China and 7.02%-19% for S. Korea, for five years effective April 14

Vietnam AD HDG, coated sheet China (including Hong Kong), South Korea Temporary duties of 4.02%-38% for China and 12%-19% for South Korea applied in September

Vietnam AD Wide-flange beams China Final duties of 20.48%-29.17%, effective September 5 2017

Vietnam AD PPGI/PPGL color-coated products China, South Korea Investigation launched October 2018

Indonesia Import duties

All upstream steel products Most Favored Nations including India, South Korea, Japan, CIS, Latin America

HRC, CRC, plate & wire rod duties raised to 15%; galv & coated sheet raised to 20%; rebar raised to 17.5%

Indonesia AD Color-coated sheets China & Vietnam Indonesia has decided not to implement anti-dumping measures, citing national interests.

Indonesia Safeguard duty

Aluminium/zinc-coated sheet (Galvalume)

All suppliers Duties extend for three years. Initial rate of INR 2,891,858/mt will fall to INR 2,186,030/mt in year two and to INR 1,480,202/mt in year three.

China AD Grain-oriented electrical steel EU, Japan, South Korea Provisional AD duties of 39%-45.7% for Japan, 14.5%-29.5% for South Korea and 46.3% for EU mills

China Export duty Billet All suppliers Duty is reduced to 15% from 20%, effective January 1 2017.

Japan AD Carbon steel butt welding parts China, South Korea Preliminary dumping margins of 43.41%- 73.51% for South Korea and 60.84% for China

India AD HR coil, sheets and plates China, Japan, South Korea, Russia, Brazil, Indonesia

Final duties equivalent to the difference between the CFR Mumbai price and the reference price of $478-489/mt on HRC and $561/mt on HR sheets and plates

India AD Stainless CR South Korea, Taiwan, Thailand, South Africa, US

Duties extended for further five years until 2020. Investigation into claims exporters are circumventing duties

India CVD HR, CR stainless flat products China Unfair trade investigation opened into Jan-Dec 2015 period

India AD HRC, CRC All importers India has pushed the response deadline for it HRC & CRC AD investigations to June 20

India AD CRC China, Japan, South Korea, Ukraine Final duties equivalent to the difference between the CFR Mumbai price and the reference price of $576/mt CFR Mumbai, effective for five years from August 17, 2016

India Safeguard duties

Hot rolled sheet, plates All importers Duties applied at 10% on imports of hot rolled sheets and plates of thickness 150mm or less and width 600mm and more, for 1 year

India AD Alloy and non-alloy color-coated/pre-painted flats

China, EU Investigation launched

India AD Seamless pipes and tubes China Duties of $961.33-$1,610.67/mt on popular grades of seamless tubular products imported from China.

India AD Hot rolled alloy and non-alloy steel bars and rods

China Finance ministry imposed at minimum price on import of $449-538/mt for six month, effective November 2 2016

India AD Coated/pre-painted steel 6mm+ China, EU Margins of 50%-60% for China and 70%-80% for EU

India AD Straight length alloy steel bars and rods China Duties ranging from $44.89-$185.51/mt imposed for five years effective October 2018

India Tariff Iron and steel products US Tariffs in the range of 20%-25% for several steel and iron products, including some flat-rolled steel

India AD Non-cobalt grade, high-speed steel Brazil, China, Germany Investigation launched

Pakistan AD CRC China, Ukraine Preliminary duties of 8%-19% imposed on January 13, final ruling by June 13

Pakistan AD Wire rod China Investigation launched in October, preliminary determination by mid-April

Pakistan AD Billet China Duty maintained at 15%

Pakistan AD Rebar China Preliminary dumping margin of 52.52%

Pakistan AD CRC China, Ukraine Provisional duties of 13.17%-19.04% on imports from thirteen companies based in China and Ukraine

Pakistan AD Color-coated steel China, South Africa Duties of 5.36%-10.88% for China and 14.24% for South Africa






australia

Australia AD, CVD Rebar China Preliminary dumping duties of 5%-24% imposed ahead of final ruling in March, CVD probe to start

Australia AD, CVD Rebar Turkey Investigation launched in November 2018

Australia AD Wire rod China Final AD duty on Hunan Valin Xiangtan Iron & Steel of 44.1%, Shagang rod 37.4%, and all other Chinese exporters 53.1%

Australia AD Rebar Singapore, South Korea, Spain, Taiwan Dumping duties of up to 14.3% imposed on the four countries in November

Australia AD Rebar Spain Review opened for the 3-8.2% dumping measures applied in 2015

Australia AD Rebar Greece, Indonesia, Spain (Nervacero SA), Taiwan (Power Steel) and Thailand

Preliminary duties of 42.1% for Greece, 0.0%-12.2% for Indonesia, 7.5% for Spain’s Nervacero S.A, 4.4% for Taiwan’s Power Steel, and 9.6%-12.2% for Thailand

Australia AD Chrome-plated bar Italy, Romania Romania receives definitive AD duties of 22.4%-66.9%

Australia AD Hollow structural sections India, Thailand, UAE Duties of 5.7%-29.7% for Thailand. Probe into India and UAE cancelled

Australia AD Wire rod Indonesia, Taiwan Duties of 10.1% on Indonesian exporters and 2.7% on Taiwanese exporters imposed in June 2015

Australia AD Quenched & tempered plate Finland, Japan, Sweden Duties imposed in November 2014

Australia AD ERW pipes China, Malaysia, South Korea, Taiwan Dumping duties imposed in 2012 continued (China also subject to CVD duties)

Australia AD HDG China, Taiwan Australian AD Commission initiated two reviews of duties in September

Australia AD HDG sheet/coil India, Malaysia, Vietnam Duties of 7.6%-12% for India; 14.5%-16.5% for Malaysia; 8.4%-14.2% for Vietnamese exporters, except Hoa Sen Group and Nam Kim Steel JSC

Australia CVD HDG sheet/coil India CVD of 5% for JSW and 3.6% for Essar. Other exporters subject to a subsidy margin of 5.9%.

Australia AD Alloy steel bar China Investigation launched in January 2017

Source: Compiled by S&P Global Platts, updated weekly


sbb steel markets daily · 12/28/2018 · coking coal, premium low vol ($/mt) fob australia...

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