News - Part 18

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

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

Best wishes to clients

Reported by Luke 2020-4-17 The unexpected epidemic has caught us off guard. China has contained the virus under the leadership of the country, but with the spread of virus around the world, good protection is the most important thing now, and we sincerely hope that you are safe and healthy. To th... 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

Notice of Tianjin Sanon Steel Pipe Co.,LTD. Tomb-Sweeping Day Arrangement in 2020

Reported by Luke 2020-4-3 According to the Notice of the General Office of the State Council on the Arrangement of Certain Holidays in 2020 and the notification spirit of the General Office of the Provincial Government, the 2020 Tomb-Sweeping holiday arrangement is now notified as follows: Holida... 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

Tianjin Sanon Steel Pipe Co.,LTD. launched business learning activities and expressed condolences to customers

Reported by Luke 2020-3-20 This week (March 16-20), our company launched business learning activities in response to national policies. Learn online sales skills in the new era and discuss the types, application environments, advantages and disadvantages of non-destructive electrical testing of s... 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