The UAE has increased import duties on rebar and wire rod
in a bid to curtail steel dumping in the local market.
"The import duty hike comes in implementation of a decision taken by the GCC Financial and Economic Cooperation Committee to approve an increase in rebar and wire rod
import duties from 5 per cent to 10 per cent starting January 1st, and therefore the decision is being applied across all UAE's ports" he said.
In a statement, SteelAsia said the two mills for wire rod
production would be put up in the Visayas and Central Luzon, and would have a capacity of 500,000 tons each.
producers of wire rod
has objected to the request, saying the wire rod
the companies need can be sourced in the United States.
The Fagersta Stainless wire rod
mill is reportedly a joint venture between Sandvik Materials Technology and Outokumpu.
Exporters in Italy, Spain, the UK and South Korea were accused of dumping carbon steel wire rod
in the US, the Commerce Department said in a statement.
They allege that producers in each of the following countries are dumping wire rod
in the U.S.
[USPRwire, Tue Jan 05 2016] Technavios market research analyst predicts the global aluminum wire rods
market to grow at a CAGR of around 2% during the forecast period.
Emirates Steel manufactures wire rods
in a continuous casting and rolling process, turning billets into premium quality wire rod
in diameters of 5.5 mm to 16 mm.
from the new Wire Rod
Mill at ISP are already in the market.
MTPA of re-bar steel and half a million MTPA of wire rod
to meet the requirements of the Algerian domestic, as opposed
The planned steel complex will have a total production capacity of 4 million MT/PA, with phase one of the project having a capacity of 1.5 million MT/PA of re-bar and 500,000 MT/PA of wire rod
to meet the requirements of the Algerian market, according to a press release.