Industry news
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China’s stainless steel prices may remain in May
Reported By 2020-5-13 According to the stability of world nickel price, the average price of stainless steel in China has risen gradually, and the market expects that the price will remain stable in May. From the market news, the current nickel price in 12,000 us dollars/barrel above, coupled wit...Read more -
China’s recovery
According to CCTV news, as of May 6th, there have been no new cases of local new coronary pneumonia diagnosed in the country for four consecutive days. In the normal stage of epidemic prevention and control, all parts of the country have done a good job of “internal defense rebound, externa...Read more -
A week summary of the raw material market April 24 ~ April 30
Reported By 2020-5-8 Last week, the domestic raw material market fluctuated slightly. The iron ore market fell first and then rose, and port inventories continued to be low, the coke market was generally stable, the coking coal market continued to fall steadily, and the ferroalloy market rose ste...Read more -
In the first quarter of 2020, China’s steel stocks fell slowly after a sharp rise
Reported by Luke 2020-4-24 According to data from the General Administration of Customs, China’s steel export volume in March increased by 2.4% year-on-year and the export value increased by 1.5% year-on-year; steel import volume increased by 26.5% year-on-year and import value increased by...Read more -
Online Canton Fair will be held in June
Reported by Luke 2020-4-21 According to news from the Ministry of Commerce of China, the 127th China Import and Export Fair will be held online from June 15 to 24 for a period of 10 days. The China Import and Export Fair was founded on April 25, 1957. It is held in Guangzhou each spring and autum...Read more -
Steel companies in various countries make adjustments
Reported by Luke 2020-4-10 Affected by the epidemic, downstream steel demand is weak, and steel producers have been cutting their steel output. United States ArcelorMittal USA is planning to shut down No. 6 blast furnace. According to the American Iron and Steel Technology Association, ArcelorMi...Read more -
Iron ore prices go against the market
Reported by Luke 2020-4-3 According to the China Steel News, the price of iron ore rose by 20% at the beginning of last year due to the impact of a Brazilian dyke break and an Australian hurricane. Pneumonia affected China and global iron ore demand have both declined this year, but iron ore pric...Read more -
Coronavirus is hitting global automotive and steel companies
Reported by Luke 2020-3-31 Since the outbreak of COVID-19 in February, it has severely affected the global automotive industry, leading to a decline in international demand for steel and petrochemical products. According to S&P Global Platts, Japan and South Korea have temporarily closed pro...Read more -
Korean steel companies face difficulties, Chinese steel will flow into South Korea
Reported by Luke 2020-3-27 Affected by COVID-19 and the economy, South Korean steel companies face the problem of falling exports. At the same time, under the circumstances that the manufacturing and construction industry delayed the resumption of work due to COVID-19, Chinese steel inventories h...Read more -
COVID-19 impacts global shipping industry, many countries implement port control measures
Reported by Luke 2020-3-24 At present, COVID-19 has spread globally. Since the World Health Organization (WHO) announced that COVID-19 constitutes an “public health emergency of international concern” (PHEIC), the prevention and control measures adopted by various countries have conti...Read more -
Vale remains unaffected, iron ore index trend deviates from fundamentals
Reported by Luke 2020-3-17 In the afternoon of March 13th, the relevant person in charge of China Iron and Steel Association and the Vale Shanghai Office exchanged information on the production and operation of Vale, the steel and iron ore market and the impact of the COVID-19 through a conferenc...Read more -
Vale halted production of iron ore in Brazil’s Fazendao region
Reported by Luke 2020-3-9 Vale, the Brazilian miner, has decided to stop mining the Fazendao iron ore mine in the state of Minas Gerais after it ran out of licensed resources to continue mining at the site. The Fazendao mine is part of vale’s southeastern Mariana plant, which produced 11.29...Read more -
Australia’s key mineral resources have surged
Reported by Luke 2020-3-6 The country's key mineral resources have surged, according to data released by GA Geoscience Australia at the PDAC conference in Toronto. In 2018, Australian tantalum resources grew 79 percent, lithium 68 percent, platinum group and rare earth m...Read more -
Britain simplified the procedures for exporting goods to Britain
Reported by Luke 2020-3-3 Britain formally left the European Union on the evening of January 31, ending 47 years of membership. From this moment on, Britain enters the transition period. According to current arrangements, the transition period ends at the end of 2020. During that period, the UK w...Read more -
Vietnam has launched its first safeguards PVC into imports of alloy and non-alloy steel products
Reported by Luke 2020-2-28 On February 4, 2000, the WTO safeguards committee released the notification of safeguards submitted by the Vietnamese delegation to it on February 3. On 22 August 2019, the Vietnamese ministry of industry and trade issued resolution 2605/QD – BCT, launching the fi...Read more -
EU safeguards case of steel products to be imported for the second review investigation
Reported by Luke 2020-2-24 On 14th February, 2020, the commission announced that decision to the European Union initiated the second review steel products safeguard case investigation.The main content of the review includes: (1) the steel varieties of quota quantity and allocation;(2) whether the...Read more -
China’s steel and manufacturing PMIs weaker in December
Singapore — China’s steel purchasing managers’ index, or PMI, fell by 2.3 basis points from November to 43.1 in December due to weaker steel market conditions, according to data from index compiler CFLP Steel Logistics Professional Committee released Friday. The December reading meant...Read more -
China’s steel production likely to grow by 4-5% this year: analyst
Summary: Alfa Bank’s Boris Krasnozhenov says the country’s investment in infrastructure would back less conservative predictions, pegging growth of up to 4%-5%. The China Metallurgical Industry Planning and Research Institute estimates that Chinese steel production could come off by 0...Read more -
The NDRC announced the operation of the steel industry in 2019: steel output increased by 9.8% year on year
First, crude steel production increased. According to the national bureau of statistics data, December 1, 2019 – the national pig iron, crude steel and steel production 809.37 million tons, 996.34 million tons and 1.20477 billion tons respectively, year-on-year growth of 5.3%, 8.3% and 9.8%...Read more
