News - Part 12

Chinese crude steel remains net imports for 4 consecutive months this year due to rebounded demand

Chinese crude steel has been net imports for 4 consecutive months this year, and the steel industry has played an important role in Chinese economic recovery. Data showed that from January to September, Chinese crude steel output increased by 4.5% year on year to 780 million tons. Steel imports i... Read More

Warmly welcome Indian customers to visit our company

On October 25th, the Indian customer came to our company for a field visit. Mrs. zhao and manager Mrs. Li of the foreign trade department warmly received the customers coming from afar. This time, the customer mainly investigated the American standard alloy steel tube series of our company. Then,... Read More

Economic growth in the first three quarters turned from negative to positive,How does steel perform?

On October 19, the Bureau of Statistics released data showing that in the first three quarters, our country’s economic growth has turned from negative to positive, the relationship between supply and demand has gradually improved, market vitality has increased, employment and people’s... Read More

Chinese steel market tends to go up due to production restriction

The recovery of China’s domestic economy sped up while the superior manufacturing industry accelerated the development. The industry structure is improving gradually and the demand in the market is now recovering in a much faster way. As for the steel market, from the beginning of October, ... Read More

Mid-Autumn Festival is coming

Looking up at the bright moon, the moonlight come thousands of miles with our miss During this upcoming festival The sweet-scented osmanthus turned fragrant, the moon turned round The Mid-Autumn Festival this year is different from previous years Maybe people look forward to it for too long Final... Read More

China’s welded steel pipe production rises in Aug y-o-y

According to statistics, China produced around 5.52 million tons of welded steel pipes in August, growing by 4.2% compared to the same month a year earlier. In the first eight months of this year, China’s welded steel pipe production amounted to approximately 37.93 million tons, a year-on-year in... Read More

Welcome to the world’s second largest pipe exhibition

—The 9th International Tube & Pipe Industry Trade Fair（Tube China 2020） Invitation to the world!! A invitation connected with big opportunity! One of the two global most influential pipe exhibition! The ‘China version’ of the world biggest Dusseldorf Tube Fair-International Tube & Pipe ... Read More

China’s steel imports in Jul reach highest level in recent years

According to data from China’s General Administration of Customs, the world’s largest steel producer imported 2.46 million tons of semi-finished steel products this July, an increase of more than 10 times over the same month of the previous year and representing its highest level sinc... Read More

The U.S. revised the final anti-dumping ruling of China-related cold drawn welded pipes, cold rolled welded pipes, precision steel pipes, precision drawn steel pipes, and cold drawn cold drawn mech...

On June 11, 2018, the U.S. Department of Commerce issued an announcement stating that it revised the final anti-dumping results of Cold-drawn Mechanical Tubing in China and Switzerland. Meanwhile issued an anti-dumping tax order in this case: 1. China enjoys a separate tax rate The dumping margin... Read More

Demand for steel is picking up, and steel mills reproduce the scene of queuing for delivery late at night

Since the beginning of this year, China steel market has been volatile. After the downturn in the first quarter, since the second quarter, demand has gradually recovered. In the recent period, some steel mills have seen a significant increase in orders and even queued up for delivery. In March, s... Read More

China’s infrastructure investment may boost domestic steel demand

Due to the reduction of international orders as well as the limitation of international transportation, China’s steel export rate was keeping at a low stage. The Chinese government had tried to implement a lot of measures such as improving the rate of tax rebate for exportation, expanding t... Read More

Chinese crude steel output increases 4.5% y-o-y in Jun

According to the market in China, the total output of crude steel in China this June was around 91.6 million tons, counted as nearly 62% of the whole world’s crude steel output. Moreover, the total output of crude steel in Asia this June was around 642 million tons, decreased by 3% year on year; ... Read More

EU decided to terminate the absorption reinvestigation concerning imports of certain cast iron articles originating in the People’s Republic of China

According to a report by CHINA TRADE REMEDIES INFORMATION on July 21, on July 17, the European Commission issued an announcement stating that as the applicant withdrew the lawsuit, it decided to terminate the anti-absorption investigation of cast iron articles originating in China and not impleme... Read More

Chinese seamless tube factory stock goes down due to price stimulation

During the past week, Chinese ferrous metal futures showed an uptrend under the influence of the growth in the stock market. Meanwhile, price in the actual market also increased during the whole week, which finally led to a price increase of seamless pipe mostly in the Shandong and Wuxi Region. S... Read More

From January to May, the output of my country’s steel industry production remained high but steel prices continued to fall

On July 3, the Ministry of Industry and Information Technology released the operating data of the steel industry from January to May 2020. Data show that my country’s steel industry gradually got rid of the impact of the epidemic from January to May, production and sales basically returned ... Read More

ISSF: Global stainless steel consumption expected to decrease by around 7.8% in 2020

According to the International Stainless Steel Forum (ISSF), based on the epidemic situation which has greatly affected the global economy, it was predicted that the stainless steel consumption volume in 2020 will decrease by 3.47 million tons compared with its consumption last year, a year-on-ye... Read More

The Bangladesh Steel Association proposed taxation on imported steel

According to foreign media reports, Bangladesh’s domestic building materials manufacturers urged the government to impose tariffs on imported finished materials to protect the domestic steel industry yesterday. At the same time, it also appeal for the increase of taxation for the import of ... Read More

China steel export amount is 4.401 million tons in May, decrease 23.4% year-on-year

According to the data that from General Administration of Customs in June Seventh, 2020, China steel export amount on May, 2020 is 4.401 million tons, decreased 1.919 million tons from April, 23.4% year-on-year; from January to May, China cumulative exported 25.002 million tons, decreased 14% yea... Read More

EU steel safeguards may begin to control HRC quotas

The European Commission’s review of safeguard measures was unlikely to adjust tariff quotas substantially, but it will limit the supply of hot-rolled coil through some control mechanism. It was still unknown how the European Commission will adjust it; however, the most possible method seeme... Read More

China’s steel industry may rebound again by Chinese govt’s high infrastructure investment

After the COVID-19 situation been controlled in China, the Chinese government also announced to increase its infrastructure investment to stimulate domestic demand. Moreover, there were also more and more construction projects that started to restart, also expected to revitalize the steel industr... Read More

NPC&CPPCC “warm up” steel market in May

The steel market has always been said to be “peak season on March and April,off season on May”.But this year steel market was affected by the Covid-19 as domestic transportation and logistics were once interrupted. In the first quarter, problems such as high steel inventories, a shar... Read More

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