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Operations of steel mills in Northeast China, including production, sales and raw material transportation, has been running as per normal despite that Typhoon Bavi, the severest in 70 years, is approaching the region, Mysteel Global understands from the industry sources on the morning of August 27.
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The Mines Ministry has invited comments from the public on a series of structural reforms it proposes under Atmanirbhar Bharat to enhance private investments and generates employment in the mineral sector.
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Over the period spanning January 2018 through to last July, North China’s Hebei province, the country’s top steel producing province, had removed a total of 47.6 million tonnes/year of iron and steel capacity, according to a post from the Ministry of Ecology and Environment (MEE) on August 19. This means the provincial government achieved its goal of cutting 40 million t/y by 2020 some five months in advance, Mysteel Global notes.
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Tropical typhoon Higos landed Zhuhai city, South China’s Guangdong province, on the morning of August 19, and strong winds and torrential rains swept the region, causing short-term disruption to the regional steel market, according to local sources.
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In its latest draft for China’s coal industry development strategy, the China National Coal Association (CNCA) proposes to limit the country’s total coal consumption within 4.2 billion tonnes by 2025 on the assumption that coal will remain China’s core energy generation source, while the proportion of clean energy will incline further in the coming years.
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Quality development is the mission for the Chinese steel industry even though there are many difficulties to conquer along the way, Shen Bin, chairman of China’s chairman of CISA China Iron and Steel Association (CISA), reiterated at CISA’s latest council meeting held on July 31 in Zhangjiagang, East China's Jiangsu province.
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A quick look at how China's economy and steel market performed in the first half of 2020.
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Anna and Olivia will be discussing some of the key topics discussed during the 2020 SEAISI e-Conference, ASEAN's flagship steel industry conference.
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China has raised the flooding alert to orange from yellow since July 12 with historically high water levels at many rivers and lakes, but so far steel mills in the affected provinces in East, Central and Southwest China have been operating as per normal, and have taken extra preventive measures, market sources shared on Monday.
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Despite the COVID-19 wreaking havoc across much of China during the first half of 2020, steel enterprises had been steadily progressing with the 38 ongoing new steel projects including installing new steelmaking and rolling facilities, adding on environmental protection facilities and upgrading assorted technology, according to a Mysteel report checking on the status of ongoing projects by the end of H1.
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As China enters the fifth week of the rainy season which began in early June, heavy rains and occasional floods are dampening steel demand to a large extent, though production at mills remains little affected by the wet weather, mill sources said on Monday.
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Steel demand in South China region has been seriously impacted by continuous heavy rains and occasional flooding associated with the arrival of this year’s Wet Season.
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China's iron ore imports over January-May rose 5.1% on year to 445 million tonnes, according to the latest statistics from China's General Administration of Customs on June 7. A detailed report will be posted soon.
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Despite a formal government notice circulated in the market on May 30, none of the 21 steel mills in Tangshan of North China’s Hebei province have been carrying out a range of 20%-50% cuts on their sintering, pelletizing and blast furnace capacities as speculated by June 2, local industry sources confirmed.
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Rumours spreading in Chinese steel markets that Tangshan city, China’s top steel producing hub, is going to implement another round of output curbs on steel mills in June are giving strong support to domestic steel market sentiment, industry sources said Friday.
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Steel mills located in areas in China where atmospheric pollution is a problem should be encouraged to shift away from blast furnace-based production to electric-arc furnaces and use domestic and overseas scrap steel as a substitute for iron ore, Liu Bingjiang, head of air quality management at the Ministry of Ecology and Environment (MEE), said on May 25, saying this is way for the country to tackle air pollution issues.
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All steel re-rollers in Fengrun district, Tangshan, China’s top steel producing city in North China’s Hebei province, were ordered to halt operations over May 18-31 as part of measures to tighten down on air pollution, according to a government notice seen by Mysteel Global.
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Sources from steel mills in Tangshan in North China’s Hebei province expressed the concern on April 16 that they might face a round of curbs with the recent persistently poor air quality in the city.
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Nowadays, when I am counting my blessings, I will put one in the daily list, which is that I have never ever thought of testing my market understanding by trading iron ore in the physical or paper markets myself despite having been closely monitoring the market since 2004.
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Several steel producers in Tangshan, China’s top steel producing city in North China’s Hebei province, plan to halt more facilities including blast furnaces this month as the city government has announced a new round of production restrictions on industrial enterprises for environmental protection, market sources confirmed on Thursday.
