Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner:

Each month, MetalMiner hosts a webinar on a specific metals topic. The next webinar is scheduled for Wednesday, Dec. 8, during which the MetalMiner team will discuss price predictions for 2022. To sign up, visit the MetalMiner Events page.

stainless steel rods

selenserger/Adobe Stock

Week of Nov. 15-19 (stainless steel base prices, infrastructure bill and more)

Want an occasional email from MetalMiner that highlights new content with no sales ploys? Join that list here.

This morning in metals news: the European Commission this week announced anti-dumping duties for stainless steel cold-rolled flat products from India and Indonesia; the Energy Information Administration forecast crude oil prices will decline in 2022; and, lastly, U.S. housing starts declined in October.

Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now.

European Commission imposes AD duties on stainless from India, Indonesia

E.U. flag

Andrey Kuzmin/Adobe Stack

On Thursday, the European Commission announced it is imposing anti-dumping duties on stainless steel cold-rolled flat products from India and Indonesia.

The duties range from 13.9-35.3% for the exporting producers from India. Meanwhile, the duties range from 10.2-20.2% for the exporting producers from Indonesia.

“This sector is critically important to the EU because it is a high value added product, with EU consumption totalling almost €7 billion,” the European Commission said Thursday.

The duties will protect 13,500 direct E.U. jobs in the stainless steel cold-rolled flat sector, the European Commission claimed.

EIA: crude oil prices to come down in 2022

Providing some relief, the Energy Information Administration forecast crude oil prices will soften in 2022.

(more…)

1 2 3 4 5 1,760