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Jiangsu Shagang Group, China’s largest privately-owned steel producer based in East China’s Jiangsu province, has decided to keep the ex-works prices of all its long steel products including rebar, wire rod and bar-in-coil stable for its sales over December 11-20, according to the company’s latest pricing policy released on December 11. Shagang had cut prices by Yuan 500/tonne ($72.5/t) for the previous ten-day sales period, as reported.
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Baoshan Iron & Steel (Baoshan Steel), the listed arm of China Baowu Steel Group, is slashing its hot-rolled coil list prices by Yuan 300/tonne ($43.4/t) for January 2019 domestic sales for supplies from its three key steelworks, according to the company’s December 10 announcement on its official Wechat.
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Shenzhen-listed Hunan Valin Steel Co, the listed arm of Hunan Valin Group in central China’s Hunan province, has suspended trading its shares since December 3 to proceed with inviting six creditors to increase their stakes in Valin’s three subsidiaries either via cash or the credits held against these enterprises as a solution for Valin to further reduce its and the subsidiaries’ debt-asset ratios, according to the company disclosure on December 5.
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Jingye Group (Jingye), China’s leading rebar producer and based in North China’s Hebei province, will build three 1,500 cu m blast furnaces and one 150-tonne converter by the end of 2020, according to an announcement published by the provincial government’s Industry and Information Technology Department on December 3.
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Baowu Steel Group Corporation, already China’s top steelmaker by steelmaking capacity, intends to expand its base further by building an integrated greenfield steelworks of up to 20 million tonnes/year steel capacity in the coastal city of Yancheng, East China’s Jiangsu province, via swapping old capacities for new from its own and quota purchases, according to a filling by its listed arm - Baoshan Iron & Steel Co - on December 1.
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Two steel producers in North China’s Shanxi province, Jincheng Fusheng Iron and Steel Co in Jincheng City and Huaxinyuan Iron and Steel Co in Hejin City, plan to build new facilities in their existing works, an official from Shanxi provincial government’s Ministry of Industry and Information Technology (MIIT) confirmed on Monday.
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East China’s steel giant-Shagang Group announced on December 1 to cut its EXW prices for all long steel sales,including rebar, high-speed wire rod and bar-in-coil, over December 1-10 by Yuan 500/tonne ($72/t) from the previous ten-day sales period, according to the company's latest pricing policy.
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Baosteel Desheng Stainless Steel Co, part of China Baowu Steel Group Corp, held a ground-breaking ceremony on November 28 signalling the formal start of an expansion of its integrated stainless works at Luoyuan in East China’s Fujian province, a Luoyuan government official confirmed on Wednesday.
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China Steel Corporation (CSC), Taiwan’s top steel producer headquartered in Kaohsiung, South Taiwan, achieved a month-on-month rise of 6.5% or 62,522 tonnes for its carbon steel sales in October, according to the company’s latest release on November 28. The total reached 1.03 million tonnes and marked a 23-month high since November 2016 when sales topped 1.04 million tonnes. The total volume sold was also 11.2% or 103,575 tonnes higher than total sales one year earlier, according to CSC’s available data.
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Taiwan’s top steel producer China Steel Corp (CSC) has decided to cut its steel list prices for domestic sales for the January-March 2019 period, according to the company’s latest pricing policy released on November 26. The Kaohsiung-based mill said pessimism about steel markets both at home and aboard had prompted its decision.
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Panhua Group Co, China’s largest privately-owned maker of colour sheet, plans to build an integrated mill with 10 million tonnes/year capacity in Misamis Oriental’s Phividec Industrial Estate in northern Mindanao, a company official confirmed on Friday.
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China Baowu Steel Group Co (Baowu) and Anshan Iron & Steel Group Co (Ansteel), China’s two top steel mills, officially denied the market speculation on their possible merger via their listed arms on November 21 and 22 respectively.
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Jiangsu Shagang Group, China’s leading long products maker based in East China’s Jiangsu province, is slashing ex-works prices of its entire longs catalogue by as much as Yuan 180/tonne ($26/t) for sales during November 21-30, it announced on Wednesday.
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Sansteel Minguang Co, the listed arm of Fujian Sangang Group, the largest integrated steel producer in South China’s Fujian province, has won the bid for a steel capacity quota being offered by Laiwu Steel Xinjiang Co, a Sansteel Mingguang official confirmed on November 19.
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Hebei Iron & Steel Group, China’s second-largest steelmaker after China Baowu Group, is slashing list prices for its long steel products by as much as Yuan 160 ($23.2/t) for sales over November 11-20, according to its latest pricing policy obtained by Mysteel.
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China Steel Corporation (CSC), Taiwan’s top steel producer, has decided to undertake an extensive revamp of the No.1 and No.2 sintering machines at its headquarter works in Kaohsiung, South Taiwan, a company official confirmed on November 13.
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Angang Steel Co (Angang) in North China’s Liaoning province, is trimming flat steel list prices by Yuan 100-200/tonne ($14.4-28.7/t) for sales in December in response to a further cooling of demand from end-users, Mysteel learned on Tuesday. Angang never opens its price policy but sources close to the mill have confirmed the details.
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The city government of Tangshan in North China’s Hebei has finalized the degree to which steelmakers in the city are to reduce production during the winter restrictions period, market respondents confirmed Tuesday. Given the city’s prominence as the supplier of the most steel in the world’s largest steel producing country, Tangshan’s advisory should be a crucial indicator of how China’s steel sector will manage this season’s production cuts. Unfortunately, it is not.
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The volume of rebar and wire rod leaving the yards of the 16 major steelmakers in Northeast China for the country’s warmer southern regions is expected to reach 1.58 million tonnes this month, representing a sharp increase of 75% from October and a large 50.5% jump on year, according to Mysteel’s latest survey.
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China’s Jiangsu Shagang Group, located in Zhangjiagang northwest of Shanghai, has decided to deepen its cuts to upstream production during this week’s China International Import Expo (CIIE) to help improve air quality over the city for the event, market sources have confirmed.
