According to statistics released by the Korean Ministry of Trade, Industry & Energy (MOTIE), the country’s steel export values totaled US$19.8 billion in the first seven months, decreasing by 3.6% year on year.

According to data released by China Iron & Steel Association (CISA), the country’s daily crude steel output averaged at 1.603 million tons in late July.

According to Turkish Steel Exporters’ Union (CIB), Turkey’s steel exports decreased by 10.3% year on year to 9.5 million tons during the first seven months.

It is reported that the Australian Anti-Dumping Commission (ADC) has announced that the anti-dumping investigation against galvanized steel from Vietnam was terminated.

According to data released by the China Iron & Steel Association (CISA), the crude steel production of the major steelmakers in China totaled 68.94 million tons in June, decreasing by 0.8% compared from the same time a year earlier.

Recently, the POSCO Chairman and Chief Executive Officer Quan Wujun (Kwon Oh Joon) said that its India Orissa steel project no progress was made, therefore, will be temporarily stopped.

Tokyo Steel, one of the major H beam manufacturers in Japan, has announced its combined sales revenue during April to June was ￥37.41 billion, reducing by 15.6% year on year.

Many loss-making Chinese steel mills could finally be ready to shut their doors this year, with the government expected to offer more incentives for stricken enterprises to close as the economy slows and a war on smog intensifies.