📰 Turkish Anti-Dumping Measures on Stainless Steel Imports from China and Indonesia 📰

📅 July 1, 2024

🌐 Global Market Overview 🌐

Over the past two years, China has imported 5.6 million tons of nickel ore from Indonesia.

Jindal Stainless has fully acquired the nickel processing in Sulawesi and plans to build a stainless steel mill in Indonesia.

🔍 Anti-Dumping Investigation Initiated 🔍

On June 28, 2024, Turkey initiated an anti-dumping investigation on cold-rolled stainless steel imports from China and Indonesia. The raw material prices have risen in many cases during the first half of 2024.

This news is expected to catch the attention of European stainless steel manufacturers. For months, there have been rumors in the market that Turkey, encouraged by Turkish steel mills, might file a lawsuit against cold-rolled stainless steel from China and Indonesia. On Friday, June 28, 2024, the rumors became a reality as Turkey launched the corresponding investigation.

📈 Impact on Prices and Trade 📈

This move is anticipated to stabilize and elevate the price levels of Turkish stainless steel, making it more attractive for imports from the European Union.

📊 Commodity Price Trends 📊

Many commodity producers may look back fondly on the first half of 2024.

Since the beginning of this year, oil prices have risen by over 12%, with gasoline prices on the U.S. futures market even surging by more than 20%. The ongoing voluntary production cuts by OPEC+ have supported these prices.

In some cases, industrial metal prices have also seen a significant increase—tin has risen by 26%, and copper by 11%. The expanding supply gap, especially for copper, is a key factor—the supply gap reached a record high in mid-May.

🏢 About Americ Energy (CHINA) Co., Ltd. 🏢

Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.