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The start of production restrictions for winter among Chinese steelmakers and their raw materials processors has revealed a vast difference in approach to the issue among steelmakers and local authorities in the country’s two largest steelmaking centres, Tangshan and Handan in North China’s Hebei province. But for the 200-odd steelmakers and merchant coke producers the cities host, the differences in policy execution by their city governments may be rendered irrelevant by nature if this week’s pollution alert emergency becomes a worrying regularity.
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The Sydvaranger Iron Project in Bjørnevatn in Norway’s deep north is preparing to restart iron ore mining after the company operating the mine, Sydvaranger AS, disclosed that Orion Mine Finance, a New York-headquartered mining-focused investment fund, had pledged to provide working capital to support the ongoing development of the project.
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More evidence is emerging of the Chinese central government’s determination to ensure no compromise on its drive for clearer skies over urban centres this winter but at the same time individual enterprises including steel producers have been treated fairly with no more “one for all” simplified moves by the local authorities.
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The features is written up based on the market information and sentiment collected at China Iron & Steel Association's 18th China International Steel & Raw materials Conference 2018 in late September in Dalian, Northeast China’s Liaoning province, and it will be shared in three parts, this is Part 3.
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The features is written up based on the market information and sentiment collected at China Iron & Steel Association's 18th China International Steel & Raw materials Conference 2018 in late September in Dalian, Northeast China’s Liaoning province, and it will be shared in three parts, this is Part 2.
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The features is written up based on the market information and sentiment collected at China Iron & Steel Association's 18th China International Steel & Raw materials Conference 2018 in late September in Dalian, Northeast China’s Liaoning province, and it will be shared in three parts, this is Part 1.
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Chinese steel mills’ reaction varied to the possible “differentiated” curbing measures among them during the 2018 winter months, with some applauding the fairer touch while others concerned about the loopholes when inquired by Mysteel on Wednesday.
China’s Ministry of Ecology and Environment called for the local authorities at a government meeting
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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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Plans by Tesla, the Palo Alto California-headquartered maker of electric vehicles in the US, to build its next Gigafactory - a combination of car- and battery-making plant - in Shanghai, East China, clearly reflect optimism about the strength of China's market for such vehicles but likely suppliers of components and materials remain cool, awaiting more details, Mysteel learned last Friday.
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Many overseas investors have already or are exploring steel investment opportunities in the ASEAN region as many ASEAN countries are with great market potential with their fast-growing economies, Mysteel understands from the market sources.
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Jiangsu Shagang Group, China's largest privately-owned steelmaker headquartered in Zhangjiagang, East China's Jiangsu province, promised solemnly on June 30 to rectify pollution issues within one hundred days including the steel slag dumping into the Yangtze River that has identified by China's Ministry of Ecology and Environment (MEE), according to a company release on Saturday.
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Guangxi Liuzhou Iron & Steel Group Co (Liugang), headquartered in Liuzhou city, Guangxi Zhuang Autonomous Region, Southwest China, on Thursday officially started constructing two blast furnaces at a new works in Fangchenggang city in the same province, marking Shanghai-listed Liugang's official move south.
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China's General Administration of Customs is cracking down on the smuggling of steel scrap for export, announcing on Wednesday that its officers conducted a special operation overnight between June 4 to June 5 which netted a total of 2.41 million tonnes of smuggled steel waste and scrap valued at an eye-watering Yuan 4.8 billion ($750 million).
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Baosteel Stainless Steel Co, a subsidiary of China Baowu Group, has permanently shut down its carbon and stainless slab mills on June 1 in Baoshan district, East China's Shanghai, after 17 years of operations, moving the capacity to South China, a company official confirmed on June 5.
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China's Ministry of Ecology and Environment is requesting Chinese major ports to transport cargoes including coke, coking coal, iron ore and steel via rail instead of by truck no later than 2019 as part of the efforts for higher efficiency and lower pollution, Mysteel understands from market sources on May 22.
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Steel mills in East China's Jiangsu province are bracing themselves for operations' disruption from the one-month environmental protection inspection the provincial authority to proceed in eight cities along the Yangtze River since April 24, Mysteel understands from the market sources.
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Scrap consumption among China's blast-furnace steelmakers are expected to remain steady at a relative high ratio of 15-18% nationwide in the near term due to its remaining pricing competitiveness against hot metal, market sources shared on April 3.
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Mysteel's iron ore pricing indices both for the US dollar-priced seaborne cargoes and the RMB-priced port inventories are gaining popularity when the global iron ore market participants are seeking a more dynamic basket of indices to best represent their interest in the trading, market sources note.
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The world's top four iron ore miners successfully lowered or kept their production cash costs below $15/wmt in 2017, so as to maintain their competitiveness in the market, Mysteel understands from their publicly-shared information.
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China's Ministry of Industry and Information Technology (MIIT) has fine-tuned its steel capacity swap guidelines in the latest version.
