News - Part 10

The latest market report

This week steel prices rose as a whole, as the country in September to invest in the market capital brought by the chain reaction gradually emerged, downstream demand has increased, entrepreneurs macroeconomic index also showed that many enterprises said the economy in the fourth quarter good ope... Read More

Steel Market Information

Last week (September 22-September 24) the domestic steel market inventory continued to decline. Affected by the non-compliance of energy consumption in some provinces and cities, the operating rate of blast furnaces and electric furnaces dropped significantly, and the domestic steel market price ... Read More

Good News !

Recently, our company received a notice of qualification from China Quality Certification Center.This marks the company successfully completed the ISO certificate (ISO9001 quality management, ISO45001 occupational health and safety management, ISO14001 environmental management three systems) of t... Read More

Many steel mills in China plan to suspend production for maintenance in Sep

Recently, a number of steel mills have announced maintenance plans for September. Demand will gradually be released in September as the weather conditions improve, coupled with the issuance of local bonds, major construction projects in various regions will continue to proceed.From the supply sid... Read More

Baosteel reports record quarterly profit, foreseeing softer steel prices in H2

China’s top steelmaker, Baoshan Iron & Steel Co., Ltd. (Baosteel), reported its highest quarterly profit, which was supported by strong post-pandemic demand and global monetary policy stimulus. The company’s net profit rose greatly by 276.76% to RMB 15.08 billion in the first half of th... Read More

China’s Ansteel Group & Ben Gang merger to create world’s third-biggest steelmaker

China’s steel manufacturers Ansteel Group and Ben Gang officially started the process to merge their businesses last Friday (August 20). After this merger, it will become the world’s third-largest steel producer. The state-owned Ansteel takes 51% of the stake in Ben Gang from the regional state a... Read More

China’s steel exports increase 30% y-o-y in H1, 2021

According to the official statistic from the Chinese government, the total exports of steel from China this first half of the year were around 37 million tons, increased by over 30% year on year. Among them, the different types of exporting steel including round bar and wire, with around 5.3 mill... Read More

Export tariff readjustment steel city usher in a watershed?

In the production policy led, in July the performance of the steel city.As of July 31, the hot coil futures price surpassed the 6,100 yuan/ton mark, the rebar futures price approached 5,800 yuan/ton, and the coke futures price approached 3,000 yuan/ton.Driven by the futures market, the spot marke... Read More

China to raise export tariffs on ferrochrome & pig iron from Aug 1

According to the announcement from China’s Customs Tariff Commission of the State Council, in order to promote the transformation, upgrading, and high-quality development of the steel industry in China, the export tariffs on ferrochrome and pig iron will be raised from August 1, 2021. The export ... Read More

China’s square billet imports increase in Jun on concerns of production cut plan in H2

China’s traders imported square billet in advance as they expected a large-scale production cut in the second half of this year. According to statistics, China’s imports of semi-finished products, mainly for billet, reached 1.3 million tons in June, a month-on-month increase of 5.7%. China’s meas... Read More

EU’s carbon border tariffs’ impact on China’s steel industry

The European Commission recently announced the proposal of carbon border tariffs, and the legislation was expected to be completed in 2022. The period of transitional was from 2023 and the policy will be implemented in 2026. The purpose of levying carbon border tariffs was to protect domestic ind... Read More

China plans to reach total imports & exports of $5.1 trillion by 2025

According to China’s 14th Five-Year Plan, China issued its plan to reach total imports and exports of US$5.1 trillion by 2025, increasing from US$4.65 trillion in 2020. The official authorities confirmed that China aimed to expand imports of high-quality products, advanced technology, impor... Read More

Weekly overview of the raw materials market

Last week, the prices of domestic raw materials varied. Iron ore prices fluctuated and fell, coke prices remained stable on the whole, coking coal market prices tended to be stable, ordinary alloy prices were moderately stable, and special alloy prices fell on the whole.The price changes of the m... Read More

The steel market will run smoothly

In June, the steel market volatility trend has been contained, some of the end of May prices fell varieties also appeared a certain repair. According to statistics from steel traders, since the second quarter of this year, the National Development and Reform Commission and local development and r... Read More

China’s iron ore price index hikes on Jun 17

According to the data from China Iron and Steel Association (CISA), China Iron Ore Price Index (CIOPI) was 774.54 points on June 17, which was up by 2.52% or 19.04 points compared with the previous CIOPI on June 16. The domestic iron ore price index was 594.75 points, rising by 0.10% or 0.59 poi... Read More

China’s iron ore imports drop by 8.9% in May m-o-m

According to data from China’s General Customs Administration, in May, this largest buyer of iron ore in the world imported 89.79 million tons of this raw material for steel production, 8.9% less than the previous month. Iron ore shipments fell for the second month in a row, while supplies ... Read More

China’s steel exports remain active

According to statistics, China had a total quantity of steel products exports of around 5.27 million tons in May, which increased by 19.8% compared with the same month a year ago. From January to May, the steel exports totaled around 30.92 million tons, hiking by 23.7% year on year. In May, i... Read More

China’s iron ore price index decreases on Jun 4

According to the data from China Iron and Steel Association (CISA), China Iron Ore Price Index (CIOPI) was 730.53 points on June 4, which was down by 1.19% or 8.77 points compared with the previous CIOPI on June 3. The domestic iron ore price index was 567.11 points, rising by 0.49% or 2.76 poin... Read More

On June 2, the RMB fell 201 basis points against the US dollar

Xinhua News Agency, Shanghai June 2, from the China Foreign Exchange Center data showed that the 21-day RMB on the intermediate price of the US dollar exchange rate was 6.3773, which was down on 201 basis than the previous trading day. The People’s Bank of China authorized China Foreign E... Read More

It skyrocketed and plummeted in May ! In June ,steel prices go like this……

In May, the domestic construction steel market ushered in a rare surge in the market: in the first half of the month, the hype sentiment was concentrated and the steel mills fueled the flames, and the market quotation hit a record high; in the second half of the month, under the intervention of t... Read More

Our trademark

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China’s government plans to increase tariffs on steel products to control exports

The Chinese government has removed and reduced export rebates on most steel products since May 1. Recently, the Premier of the State Council of China emphasized ensuring the supply of commodities with stabilizing process, implementing the relevant policies such as raising export tariffs on some... Read More

China Iron ore price index on May 19

China’s iron ore price index decreases on May 14

According to the data from China Iron and Steel Association (CISA), China Iron Ore Price Index (CIOPI) was 739.34 points on May 14, which was down by 4.13% or 31.86 points compared with the previous CIOPI on May 13. The domestic iron ore price index was 596.28 points, rising by 2.46% or 14.32 p... Read More