US-Singapore Trade Agreement Boosts Refractory Material Exports
A recent amendment to the US-Singapore Free Trade Agreement has facilitated an increase in the export of refractory materials, including those containing over 70% magnesia (MgO) with carbon content less than 30%, from the US to Singapore. This is expected to enhance bilateral trade in industrial materials.
2023-10-15
Impact: Positive impact on US exporters of magnesia-based refractory products due to reduced tariffs and streamlined customs processes.
Singapore Increases Demand for High-Magnesia Refractory Products
Singapore's growing industrial sector has led to a surge in demand for high-magnesia refractory materials (HS Code specific to >70% MgO, <30% carbon) from the US, with a reported 15% increase in imports over the past quarter.
2023-09-20
Impact: Increased market opportunities for US suppliers, potentially leading to higher export volumes and revenue.
US Imposes Quality Standards on Magnesia Refractory Exports to Singapore
The US Department of Commerce introduced stricter quality control measures for exports of magnesia-based refractory materials (>70% MgO, <30% carbon) to Singapore to ensure compliance with international safety standards.
2023-08-05
Impact: Possible short-term delays in exports due to additional compliance checks, though long-term trust and reliability in US products may improve.
