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Specification: DC51D＋AZ (Q/BQB 425-2009) Unit: Yuan/tonne
Edited by www.Mysteel.net
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Specification: DC51D+Z、CR1、DX51D、SGCC、St01Z、St02Z、St03Z (Q/BQB 420-2009) Unit: Yuan/tonne
Edited by www.Mysteel.net
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Specification: DC01(St12) (Q/BQB 403-2009) Unit: Yuan/tonne
Edited by www.Mysteel.net
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Specification: Q235B Unit: Yuan/tonne
Edited by www.Mysteel.net
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Note: Exchange rate in April 1US$=RMB 6.3035; Exchange rate in March 1US$=RMB 6.306; price excluding17% VAT
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China's steel industry will be most probably under closer scrutiny with Beijing's greater emphasis on environmental protection and energy saving in 2018, market sources shared on April 24.
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Anglo American's iron ore output dropped 6% on year to 13.9 million tonnes in January-March because of the two pipe leakage accidents at its Brazilian mine Minas-Rio in March, according to its quarterly report released on April 24.
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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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Chinese domestic prices of rebar should continue tracking upward over the short term as market players envisage the robust demand for the construction steel product continuing to linger, market sources shared on April 24. But they warned that prices were unlikely to refresh last December's 74-month high anytime soon.
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Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung city, Central Taiwan, decided to roll over its rebar and scrap procurement prices for the week of April 23-27, a company official confirmed on April 24.
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The Australian miner Fortescue Metals Group (FMG) produced 39.1 million tonnes of iron ore for January-March, which was down 4% on quarter and 2% lower on year because of adverse weather, according to the company's latest quarterly report on April 24.
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Crude steel production in Japan during the fiscal year 2017 ending March 31 slipped by 0.3% on year, or the first annual decline in two years, according to the data released by the Japan Iron & Steel Federation on April 20.
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Bengang Steel Plates Company, the Shenzhen-listed arm of China's Benxi iron & Steel Group (Bengang Group), plans to produce 9.2 million tonnes of crude steel in 2018, or up 3.4% on year, according to the company's 2017 annual report released on April 20.
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Shagang Group, China's largest privately-owned steelmaker headquartered in Zhangjiagang city, East China's Jiangsu province, has decided to raise its ex-works price of rebar, the first time since March 21, up by Yuan 120/tonne ($20/t) for the sales on April 21-30, the company's latest pricing policy released on April 21 showed.
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Shanxi Taigang Stainless Steel Co (TISCO), the listed arm of Taiyuan Iron & Steel Group Co, aims to produce 7.8 million tonnes of pig iron and 10.5 million tonnes of crude steel this year, the latter unchanged from last year, according to the company's 2017 annual report released on April 20.
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Hesteel Company, the Shenzhen-listed arm of China's N0.2 steel mill - Hebei Iron & Steel Group, target to lift its crude steel output moderately by 1.4% from last year to 27.3 million tonnes for 2018 on its remaining confidence on China's steel market, according to its 2017 annual report released on April 20.
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The reborn specialty steelmaker located in Northeast China's Heilongjiang province, Jianlong Beiman Special Steel, is celebrating the posting of its first profit - an impressive Yuan 3.26 million ($520,110) - from its March business. The result brought an end to the monthly losses the carbon and specialty maker has been struggling with since it resumed operations last November.
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Australia's Anti-Dumping Commission has initiated an anti-dumping and countervailing investigation on certain railway wheels imported from China, according to an announcement on its official website released on April 18.
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The Australian miner BHP produced 67 million tonnes of iron ore at its major mining sites in Pilbara, Western Australia, in January-March on a 100% basis, which was down 6% on quarter but 8% up on year, according to its quarterly report released on April 19.
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The surprise announcement late last month by Chinese Premier Li Keqiang of a one percentage point reduction in the country's value-added tax (VAT) effective May 1 is being awaited by the country's steel sector with positive anticipation, Mysteel has learned.
