China's action plan to promote large-scale equipment upgrades and trade-in programs for consumer goods is expected to add renewed equipment worth about Yuan 300 billion ($41.4 billion) every year and to drive a total increase of 8 million tonnes in consumption of medium- and high-end steel products

Total inventories of imported iron ore piled at Chinese major 45 ports under Mysteel's weekly survey kept rising for 18 straight weeks to reach 147.6 million tonnes as of April 25, up by 2 million tonnes or 1.4% on week, and the volume was 13% higher compared to the same

Rebar production among the 137 Chinese steelmakers under Mysteel's tracking had increased for the second week over April 18-24, rising by 1.9% or 41,800 tonnes on week to near a three-month high of 2.22 million tonnes, though the production volume was still lower by a large 21.7% compared to the

Production activity among Chinese blast furnace (BF) steelmakers continued to grow this week as optimism still dominated the domestic steel market, Mysteel Global learned. The further gains in steel mills' profits also supported their output.