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Shen Wenrong, chairman of Jiangsu Shagang Group, China’s largest producer of long steel products, has added his voice to those warning that after enjoying the “best year” in 2018, the country’s steel industry faces a much tougher 2019.
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What were the key contributors to developments in China's ferrous industry in 2018?
Which important factors do you need to keep an eye on going into 2019?
Identify opportunities in 2019 with this infographic from Mysteel Global.
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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 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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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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China's Ministry of Industry and Information Technology (MIIT) has fine-tuned its steel capacity swap guidelines in the latest version.
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China's iron ore price is expected to average $60-65/dmt CFR China for the 62% grade fines for 2018, as the country's steel consumption is expected to slow in the pace of growth while global iron ore market will remain oversupply, according to Chinese steel market analysts.
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China's coking coal imports reverted down in October by 12.6% month on month to 5.27 million tonnes, according to the latest official statistics released by the General Administration of Customs.
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On 16 June central China's Hunan province published its mislabelled steel capacity elimination details, showing it has removed 3.15 million tonnes/year of steel capacity from 82 induction furnaces. Official data from the National Bureau of Statistics shows Hunan produced 7.67million tonnes of crude steel over January to May, down by -3.65% year-on-year, Kallanish notes.
