Latest news on China Low-alloy Round Bar markets

China's COFCO to reidentify Zhongyuan as financial arm

Beijing-headquartered China Oil & Foodstuffs Corporation (COFCO), China's top importer of agricultural products but also in steel and metallurgical products trading, will turn its recently-acquired Zhongyuan Special Steel into an investment and fund management arm via asset swaps, according to a Zho

China steel mills' domestic sales by channel (Jan-Apr)

China's steel domestic sales and exports by region (Jan-Apr)

China Key Special Steel Enterprises' crude steel output (Jan-Feb)

Total 21,424.85 19,815.88 1,608.96 8.12% 8,134.55 7,966.96 167.59 2.10% 1.1 ordinary non-alloy steel 2,232.09 2,192.76 39.34 1.79% 1.2 high-quality non-alloy steel 4,561.98 4,528.44 33.54 0.74% 1.3 special-quality non-alloy steel 1,340.48 1,245.77 94.72 7.60% 1.3.1 special carbon structure stee

China Key Special Steel Enterprises' steel output (Jan-Feb)

Total 19,410.41 18,256.58 1,153.83 6.32% 7,163.37 7,174.48 -11.10 -0.15% 1.1 ordinary non-alloy steel 1,889.40 1,814.29 75.11 4.14% 1.2 high-quality non-alloy steel 3,996.31 4,216.49 -220.17 -5.22% 1.3 special-quality non-alloy steel 1,277.67 1,143.70 133.97 11.71% 1.3.1 special carbon structur

Shagang shareholder buys into Fangda Special Steel

Chinese financier Li Feiwen, the second largest shareholder in East China steel giant Jiangsu Shagang Co, has bought a near 8% share in Fangda Special Steel Technology Co, a maker of special steel springs, bars and other specialty longs chiefly for automotive applications and headquartered in Nancha

Da Ming to set up steel processing JV with Japan's Hanwa

Hongkong-listed Da Ming International Holding will set up a steel processing and distribution joint venture with Japan's trading company Hanwa Co to better share resources, optimize operations, and upgrade technology, according to a release by Da Ming on March 19.

China's steel industry wins Section 337 investigation

The United States International Trade Commission (USITC) announced on March 19 it was terminating its investigation of antitrust claims against China-origin steel products, a decision which delighted the Chinese side having successfully argued all three claims in the Section 337 probe.

NSSMC mulls over a controlling stake in Sanyo Special

Japanese integrated steelmaker Nippon Steel & Sumitomo Metal Corp (NSSMC) and specialty steel producer Sanyo Special Steel have begun discussions which would see NSSMC acquire additional shares in Himeji-based Sanyo, thus becoming a controlling shareholder with a 51% stake.

Yongxing Special Steel's 250,000 t/y plant to run soon

Yongxing Special Stainless Steel Company, a leading specialty steel producer headquartered in Huzhou city, East China's Zhejiang province, has completed its 250,000 tonnes/year plant for making high-end stainless steel alloy bars, a company official said on March 9, confirming that trial production