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Unlike their peers in elsewhere of China, steel mills in East China’s Shandong province have shown little concern about any affection from the latest round of environmental protection inspections inside the province since mid-August, as they have met all the related requirements, market sources agreed on Thursday.
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Jiangsu province in East China has pledged to upgrade and transform the local steel industry and thus meet its target of eliminating 17.5 million tonnes/year of iron and steelmaking capacity during 2016-2020, according to a newly-released local government document seen by Mysteel.
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Major Chinese steelmakers whose margins for the three long and flat products Mysteel regularly monitors earned more from them last month, thanks mostly to the surges in domestic steel prices, according to Mysteel’s latest monthly study released on August 6. The three products are rebar, hot-rolled coil and medium plate, and the survey sample comprises 91 blast furnace mills and ten re-rollers.
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US president Donald Trump’s recommendation last Wednesday that tariffs on an additional $200 billion worth of Chinese imports be lifted to 25%, up from the 10% he announced in June, has some Chinese stainless market insiders worried. They fear the move will further dent domestic demand for stainless goods which is already weak for seasonal reasons.
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Local authorities in Beijing-Tianjin-Hebei region of North China will differentiate restriction measures on individual steel mills during the 2018-2019 winter months to guarantee a fairer and more effective result in improving the regional air quality, Mysteel understands from a planning draft that is reportedly from China’s Ministry of Ecology and Environment (MEE) late last week.
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Local authorities of different levels in China have intensified their efforts in curtailing polluting industries with steel at the core of attention to support Beijing’s initiative of “Blue Sky Safeguard” plan over 2018-2020 in the long term and air quality improvement in the short term, Mysteel notes.
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South China’s Guangdong province is beefing up efforts to reduce air pollution, banning new steel projects and subjecting the local steel industry to stricter controls and closer scrutiny, newly released publications showed.
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Steelmakers in Tangshan city in North China’s Hebei province, already weighed down by production constraints in force during July 20 to August 31, have been ordered to implement stricter curbs to 50% of operative capacity of their sintering, shaft furnace and lime kiln facilities during August 1-5, a Tangshan-based industry source confirmed on August 1. From August 6 onwards, the mills will revert to the level of reductions proscribed in the current schedule.
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Zenith Steel Group Company, a leading producer of high-quality and special steel bar and wire rod in China, mulls relocating its steel capacities to the coastal city Nantong in East China’s Jiangsu province, a Zenith official confirmed a post by the Nantong government on July 31.
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Changzhou city in East China’s Jiangsu province is among the latest to join Beijing’s drive to improve air quality, with the city explicitly instructing 48 local steel mills to continue to cut their daily steel output beginning July 25 and lasting possibly until year’s end, an official from Changzhou City Environmental Protection Bureau confirmed on July 30.
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The Purchasing Managers’ Index for China’s domestic steel industry saw a surprising jump of 3.2 basis points on month to 54.8 in July, showing the sector has expanded now for five straight months, according to index compiler, CFLP Steel Logistics Professional Committee (CSLPC).
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Mysteel’s national average price for HRB400 20mm dia rebar had been on an eight-day consecutive growth as of July 30, hitting a new high since January 4 after being up another Yuan 33/tonne ($4.8/t) from last Friday to Yuan 4,310/t including the 16% VAT.
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Daily crude steel output among China’s major steel mills inched down by 0.92% or by just 18,100 tonnes/day from the preceding ten days to around 1.96 million t/d over July 11-20, according to the latest figures released by the China Iron and Steel Association (CISA) on July 30.
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China’s Ministry of Industry and Information Technology (MIIT) reiterated on Tuesday that industries generating high levels of emissions and being major energy consumers including steel industry are strictly forbidden to add new capacity in key geographic locations that are susceptible to atmospheric pollution.
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China's daily crude steel output among the 97 mill members of the China Iron & Steel Association (CISA) nudged up 1% from the previous ten days to about 1.97 million tonnes/day over July 1-10, according to CISA's latest release.
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China Oriental Group Co says its two steelmaking subsidiaries in North China's Tangshan, namely Hebei Jinxi Steel Group Ltd (Jinxi Steel) and Hebei Jinxi Special Steel Co (Jinxi Special Steel) will cut 20% of their operative blast furnace capacity and 42% of their sintering capacity during July 20 to August 31 to aid the city's pollution reduction efforts.
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Both rebar and billet prices in China increased on July 19 on the improvement of the market sentiment with better sales, lower stocks, and the possible supply declines amid the curbing among steel mills in Tangshan, North China's Hebei province.
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Wu'an city, a major wire rod and medium plate production base in Hebei province, North China, ordered steel mills and coke plants to curb production from Thursday morning as the city government feared a change in weather patterns risked a sudden spike in severe atmospheric pollution, market sources confirmed on Thursday.
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China's production of silico-manganese is seen increasing this half as many smelters plan to commission new capacity in the coming several months, according to Mysteel's latest survey released on July 17, exerting pressure on domestic SiMn prices.
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The city government in North China's Tangshan issued an emergency notice Wednesday warning that air quality over the city had deteriorated. It ordered steelmakers under its jurisdiction to idle all sintering machines and shaft furnaces beginning from noon on Wednesday until noon on Saturday, a Tangshan-based market source confirmed on July 18.
