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China’s Customs Tariff Commission of the State Council will impose a 5% or a 10% tariff on another batch of the US-origin products valuing $60 billion starting September 24 in the response to the US’ latest announcement to impose a 10% tariff on additional Chinese goods valuing $200 billion on
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Steel mills in Linfen, a major steel production base in North China's Shanxi province, will be imposed on a new round of restrictions on their blast furnaces’ capacity utilization rate over September 21-Ocotober 10 because of the local air pollution, according to the market sources.
Linfen was ranked the most polluted
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China produced 64.66 million tonnes of run-of-mine (ROM) iron ore during August, representing a decline of just 0.16% or 101,000 tonnes on month, according to the latest data from China’s National Bureau of Statistics released on September 18. Chiefly responsible for this decrease was the dip of ROM iron ore
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Steel mills in parts of Tangshan in North China’s Hebei province were informed by the city government on September 18 that they need to keep their sintering machines, shaft furnaces and lime kilns operating at half-capacity over the coming three days as the China Meteorological Administration had warned that prevailing
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China’s rebar output in August rose by a tiny 0.7% on year to 18.07 million tonnes, according to the latest National Bureau of Statistics data released on September 18. The August result took total rebar output during January-August to 134 million tonnes, higher by 4.4% on year.
August output was also
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China’s new quality criteria on rebar that are to take effect on November 1 is expected to affect small-sized steel producers than larger-sized mills, market respondents agreed on September 18.
The new criteria, released by China’s General Administration of Quality Supervision, Inspection and Quarantine and China’s Standardization Administration on February 6,
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Chinese steel traders were of two minds in stocking up long finished steel as the domestic steel prices had been under the spell of the wrestling between bullish and factors in the domestic steel market, market sources shared on September 17.
Mysteel’s national average benchmark price for HRB 400 20mm dia
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Authorities in North China’s Tianjin
municipality have found two small factories operating ‘illegal’ induction
furnaces and arrested four suspects involved in operating the furnaces, Tianjin
Daily, the city’s official media, reported on September 12.
According to the daily, a tipoff from the
public led special task forces from the city to recently raid two steel
factories
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This winter, work on construction sites in North China is likely to slow or be suspended no earlier than the traditional beginning of the season – around November 15 – in line with government-backed efforts to reduce dust and other sources of atmospheric pollution, Mysteel has learned.
“We haven’t received any
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Chinese blast furnace steelmakers earned higher profits producing rebar in August compared with July, thanks to the climb in price of the long product last month which saw rebars repeatedly refresh the intra-year record. This is based on the findings of Mysteel’s latest production study of 101 steel firms nationwide
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Mysteel’s national average benchmark price for HRB 400 20mm dia rebar climbed for the third straight day and up by another Yuan 60/tonne ($8.8/t) on day to Yuan 4,622/t as of September 10, just being inches away from the year’s high at Yuan 4,632/t on August 22, both including the
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New rounds of capacity curtailments on Chinese
steelmakers are affecting output of rebars, the country’s
dominant carbon steel product. Production of these longs during the week of
August 31-September 5 reversed down 2.7% or 89,500 tonnes over the week to 3.2
million tonnes after expanding for two straight weeks, according to Mysteel’s latest production
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The Tangshan city authorities in North China’s Hebei province have instructed Tangshan Guofeng Iron & Steel Co to proceed with its dismantlement of iron and steelmaking facilities in the second and last steelworks in the Fengnan district, in parallel with the steel mill’s ongoing closure of its other steel plant also in Fengnan, a company official confirmed on Thursday.
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The local government of Tangshan city, in North China’s Hebei province, has launched a new round of pollution control measures that will last for the whole September, Mysteel has learned. Steel mills under its administration will continue to upgrade their environmental protection facilities to meet the government’s off-gas emission standards, against a background of production curbs to help improve the air quality.
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Local authorities in Wuhu City in East China’s Anhui province have introduced emergency restrictions on the operative capacity of blast furnaces in use at local steelmakers, according to a September 5 document released by Wuhu City Environmental Protection Bureau seen by Mysteel.
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More details have emerged about plans by Baowu Steel Group Corporation, China’s top steelmaker by capacity, to install a third blast furnace and converter at its Zhanjiang works in South China’s Guangdong province, Mysteel has learned. These were contained in an August 28 post released by Guangdong Economic and Information Commission announcing that the project is open for public review over August 28-September 27.
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Fushun Special Steel Co, based on Northeast China’s Liaoning province, posted a net loss of Yuan 69.54 million ($10.2 million) for the first half of 2018, down by a huge 217% on year, according to the company’s semi-annual financial report.
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Rebar inventories at both the traders and mills in China continued to rise during the week of August 23-29 amid the weakening in buying enthusiasm with high prices, according to Mysteel’s latest surveys.
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Shagang Group, China’s largest privately-owned steel producer, has increased all long steel prices by Yuan 80/tonne ($11.8/t) for sales during its September 1-10, the company announced on September 1, marking the fifth time in succession that the Jiangsu-based mill has raised its longs prices, Mysteel notes.
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The Purchasing Managers’ Index for the steel sector in North China’s Hebei province reversed up 3 basis points month on month to 48.8 in August, which was mainly because of improvement in new orders, according to latest release from Hebei Metallurgical Industry Association (HMIA) on September 1.
