Latest news on China Alloy Steel Scrap markets

No blow to China users from new tariffs on steel scrap

China’s possible imposition of 25% tariffs on steel scraps from the United States since August 23 will not likely to have obvious influence on Chinese steel producers, though some may lose part of their price negotiating power with domestic steel scraps suppliers, market sources shared on Tuesday.

China to resume import checks on US scrap cargoes

China's one-month suspension of checks on scrap shipments from the United States - including those of ferrous scrap - will end soon, with the checks resuming as planned from June 4, an official from China's General Administration of Customs (GAC) confirmed on Friday. But the lifting of the block on

Tokyo Steel rolls over steel prices for June sales

Leading Japanese mini-mill Tokyo Steel Manufacturing has decided to keep all domestic steel prices unchanged for June sales, the company announced Monday, explaining that more time is needed for earlier price hikes to penetrate.

China's steel industry says 'no' to excess capacity

China's steel industry should avoid any expansions to capacity this year and instead, focus on better quality rather than higher quantity, according to Shen Wenrong, chairman of Shagang Group (Shagang), China's largest EAF mill and based Zhangjiagang, East China's Jiangsu province.

Tokyo Steel raises scrap buying prices

Japan's leading independent mini-mill, Tokyo Steel Manufacturing, announced late Monday to raise procurement prices of all grades of scrap by Yen 500-1,000/tonne ($4.7-$9.4/t) on delivery to two of its four works, effective on March 13, according to a company post.

Taiwan's Feng Hsin cuts weekly rebar price by $6.9/t

Feng Hsin Steel, Taiwan's biggest rebar producer decided to cut its rebar price by TWD 200/tonne ($6.9/t) on week together with lowering scrap procurement cost by the same degree, a company official confirmed on January 30.