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South Korean steel giant POSCO says its crude steel production during this year's first quarter slid by 279,000 tonnes or 3% on quarter to 9.3 million tonnes but mainly due to there being "fewer calendar days" during the period, the firm's Q1 earnings release on April 24 showed.
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Daily crude steel output among China's major steelmakers climbed by 5% or 90,000 tonnes/day over April 1-10 from the previous eleven days to 1.88 million t/d, according to the latest data from the China Iron and Steel Association (CISA) on April 23.
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China's crude steel output continued trending upward in March, climbing by 4.5% year on year to 73.98 million tonnes, according to the latest output statistics released by China's National Bureau of Statistics (NBS) on April 17.
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China's gross domestic product (GDP) for the first quarter climbed by 6.8% to Yuan 19.9 trillion ($3.2 trillion), according to the National Bureau of Statistics (NBS) on April 17.
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Daily crude steel output among China's major steel mills inched down 0.1% or by just 1,300 tonnes/day from the proceeding ten days to around 1.79 million t/d over March 21-31, according to new statistics released by the China Iron and Steel Association (CISA) on April 16.
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China's Dalian Commodity Exchange (DCE) will start the international trading of its iron ore futures on May 4 upon the approval of the China Securities Regulatory Commission (CSRC), an official confirmed on April 13.
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China's March finished steel exports surged by 804,000 tonnes or 16.6% month on month to 5.65 million tonnes, according to the latest statistics released by China's General Administration of Customs on April 13.
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Shanghai-listed Baoshan Iron & Steel Co (Baoshan Steel) plans to produce 47.4 million tonnes of crude steel and to sell 45.7 million tonnes of finished steel in 2018, according to the company's 2017 annual report released on April 10.
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China will impose 25% tariffs on $50 billion worth of imported goods from the US such as aircraft, China's Ministry of Commerce (MoC) announced late on April 4. The move was Beijing's response to the announcement of the United States Trade Representative (USTR) the previous day that Washington intends to apply tariffs of 25% to some 1,300 Chinese industrial products.
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Daily crude steel output among China's 101 major steel mills rebounded by 3.19% or 55,200 tonnes/day over ten days to around 1.79 million t/d for March 11-20, the latest statistics released by the China Iron and Steel Association (CISA) on April 4 showed.
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Steelmakers operating blast furnaces Wu’an, a county-level city of Handan city in North China’s Hebei province, might have to endure disruptions to their operations for much longer, Mysteel has learned.
The Wu’an city government had earlier instructed steelmakers in the city to cease production between March 16-31 in its battle against
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Crude steel output among the 64 countries surveyed by the World Steel Association continued to increase in February, rising 3.5% year on year but declining 5.45% month on month to 131.8 million tonnes, according to the association's latest data published on March 26.
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Mysteel's Q235 Tangshan billet benchmark, the weathervane of the Chinese steel market, slumped Yuan 140/tonne ($22.1/t) day on day to Yuan 3,370/t EXW including the 17% VAT on March 23, or a new low since July 11 2017, as the imminent Sino-US trade war enhanced the pessimism in the domestic steel market, sources shared on Friday.
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China's Ministry of Commerce (MoC) plans to impose or increase taxes on some products from the US to balance off the losses China will be suffering because of the US' decision on levying imported tariffs on China steel and aluminum products under the 232 investigation, according to a MoC statement on March 23.
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China's third- and fourth-tier cities are expected to be the main support amid a slowing domestic property market, officials from China's property development companies agreed while presenting at the 2018 Mysteel International Iron Ore Market Seminar that just closed in Qingdao, East China's Shandong province.
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Daily crude steel output among China's major steel mills reverted down by 7.81% or 146,700 tonnes/day over March 1-10 to around 1.73 million t/d from the preceding nine-day period, according to new statistics released by the China Iron and Steel Association (CISA) on March 21.
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The temporary shutdown of all blast furnaces in Wu'an, Handan city of North China's Hebei province, starting March 16 is expected to reduce iron ore consumption by 1.3 million tonnes and coke by 200,000 tonnes, according to Mysteel's survey on the affection in steelmaking raw materials.
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China's crude steel output continued with the uptrend since 2017 for the first two months of 2018, being up 5.9% on year to 136.82 million tonnes, according to the latest output statistics released by China's National Bureau of Statistics (NBS) on March 14.
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Daily crude steel output among China's major steel mills climbed at the faster pace of 4.29% or 77,200 tonnes/day over February 21-28 to around 1.88 million t/d from the preceding ten-day period, according to new statistics released by the China Iron and Steel Association (CISA) on March 13.
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China's Ministry of Commerce (MoC) urges the US government to abolish its tariffs on all imported steel and aluminum products from a number of countries including China, according a MoC statement on March 9 in response to the latest decision by US President Trump on March 8.
