-
Shandong Iron & Steel Group (Shangang) in East China’s Shandong province, had to modestly trim its greenfield specialty steel capcity in Linyi, a coastal city of Shandong on failing to acquire enough old capacity quotas to fulfil the original 6 million tonnes/year plan, according to a government notice.
-
Local authorities in Handan city, a major steel production base in North China’s Hebei province, have announced the city is enforcing a round of restrictions on local steel mills’ sintering operations in some core areas over June 25-30, according to a notice distributed to the affected mills on June 25, as air quality is still forecast to remain poor during the period.
-
The Tangshan local government has announced that some steelmakers in the city, China’s largest steelmaking base in the country’s top steel producing province of Hebei, have begun observing stricter production curbs on all their steelmaking processes, from sintering to steel refining, as the government had mandated on Sunday.
-
Kunming Iron & Steel Group Co (Kungang), a state-owned steel company in Southwest China’s Yunnan province, is mulling on the possibility of investing in a 4 million tonnes/year greenfield integrated steelworks in Myanmar, Kungang officials confirmed on Wednesday.
-
China’s steel prices, including rebar and Tangshan billet, continued with the increase as the market is still under the strong influence of the latest round of restriction among the Tangshan steel mills starting as early as on June 23 on some facilities and more concrete information has been circulated in the market.
-
The key steelmaker members of the China Iron & Steel Association (CISA) sold a total of 56.3 million tonnes of finished steel products in May, making for a 5% rise on year, according to CISA’s latest monthly transaction report. Last month’s result took total sales during January-May to 261 million tonnes, higher by 8.8% on year.
-
Billet prices in Tangshan, China’s top billet production base in North China’s Hebei province, have climbed sharply and continuously over the past few days after the city government announced intensified production curbs on steel mills. However, market insiders warn that prices could still retreat.
-
China Premier Li’s recent calling for the acceleration in upgrading old residential housing in urban areas, and improving the grid network and drinking water safety in rural areas are interpreted good news to fixed asset investment and domestic steel sector may benefit too in turn, market sources shared.
-
The 64 countries under the World Steel Association’s monthly survey posted a total of 162.7 million tonnes of crude steel production in May, or up 5.4% on year, according to the official data from WSA released on June 24.
-
China’s national rebar prices and the Tangshan billet price, both being the barometers of the Chinese steel market sentiment, gained substantially on June 24, in response to Tangshan’s new round and stricter curbing on the local mills’ sintering, blast furnaces, converters, and lime kilns until end of July to battle against local air pollution.
-
China Steel Corporation (CSC), Taiwan’s top steel producer headquartered in Kaohsiung, South Taiwan, saw its pre-tax profit for May slump by 23% from April to reach TWD 1.7 billion ($55.1 million), according to a company release on June 24.
-
The most-traded rebar contract on the Shanghai Futures Exchange, that for October delivery, jumped by Yuan 88/tonne ($13/t) from last Friday’s settlement price to end Monday’s day-time trading session at Yuan 3,904/t.
-
Tangshan city, China’s largest steelmaking base in China’s top steel province of Hebei, has ordered local steel producers to observe a new round of restrictions starting as early as on June 23 as part of the city government's step-up in its battle against air pollution.
-
Daily crude steel output among the 97 major steelworks members of the China Iron and Steel Association (CISA) reversed up during the first ten days of June, gaining by some 56,000 tonnes or 2.8% from the May 21-31 period to reach 2.06 million tonnes/day on average, according to CISA’s latest data released on June 24.
-
The Tangshan Q235 150mm billet benchmark price, a key indicator of China’s steel market sentiment especially for North China, gained strongly by Yuan 70/tonne ($10.2/t) over the weekend toYuan 3,530/t EXW and including the 13% VAT as of June 23 mainly on the latest news that the local authorities have kick started a new round of curbing on local steel mills on air quality concerns.
-
China’s daily crude steel output declined slightly during the middle ten days of June to reach 2.53 million tonnes/day, slipping by 1% from the record high of 2.56 million t/d for June 1-10, Mysteel estimates, based on its survey among 247 blast-furnace and 101 electric-arc-furnace steel producers across China.
-
China’s crude steel production found another burst of energy during April and May – after leaping by nearly 10% over January-March – to refresh new output highs and in turn, fuel market concerns about oversupply, according to a report in China Metallurgical News on June 19, according to a report in China Metallurgical News on June 19.
-
The most-traded October rebar contract on the Shanghai Futures Exchange (SHFE) ended Friday’s day-time trading at Yuan 3,859/tonne ($559/t), or up Yuan 84/t on week, or closed the week’s trading on a high note with a consistent increase for the four of five trading days, Mysteel Global observed.
-
Chinese production of air conditioners, washing machines, refrigerators, and televisions by the country’s home appliance makers continued to increase during January-May, according to the latest data released by China’s National Bureau of Statistics (NBS), with that of air-conditioners still witnessing the sharpest growth among the four, rising by 11% year on year to reach 97.46 million units during the first five months.
-
Chinese domestic steel prices are expected to fluctuate within a narrow range during the coming term, given the rapid growth in steel production and the steady demand, according to the latest monthly report of China Iron & Steel Association (CISA) released on June 19.
