Issue #1 2016 of the BSE Newsletter (Jul 06, 2016)

As a construction boom spurs steel demand across Southeast Asia, countries such as Vietnam, Indonesia and Thailand are challenging a flood of imports from China by retooling their steelmaking technology or imposing tariffs.

Myanmar’s ministries have announced ‘100-day plans’ to mark out key goals for the first 100 days in office of Aung San Suu Kyi’s National League for Democracy government. The country’s new administration took office at the end of March. Ministry of Industry planstarget the start-up of two new steelworks.

Tayo Rolls has made reference to the Board for Industrial and Financial Reconstruction under the Sick Industrial Companies Act, equivalent to Chapter 11 in the USA, mainly due to its fragile cash position and its persistent quality issues which it has not been able to fix.

BEIJING May 18 (Reuters) - China will maintain its tax rebate policy for steel exports as part of its efforts to help the sector tackle its longstanding overcapacity problems, the country's finance ministry said on Wednesday.

The seminar, which was co-hosted by Scancorp Limited, The Hollteck Company and GEVA Automation, and organized by The Iron and Steel Institute of Thailand (ISIT); covered the causes and remedies of cobbles, cobble prevention and rolling fundamentals.

TOKYO -- Japan's Nippon Steel & Sumikin Bussan plans to develop two industrial parks near a major port in Thailand, looking to tap demand expected from the year-end launch of the ASEAN Economic Community.

Redcar-based steelmaker SSI UK tells Kallanish that it has decided to mothball its iron and steelmaking facilities on Teesside. The Redcar Coke Ovens and the Power station will continue to operate, the company says.

China’s apparent finished steel consumption was down -4.74% year-on-year to 343.72 million tonnes in the first half of 2015. The National Bureau of Statistics (NBS) says crude steel production was down 1.3% over the same period to 409.97mt.