 |
Global steel demand will continue to fall this year before a slight pick-up in 2017, the World Steel Association forecast on Wednesday. Falling demand has plunged the global steel market into crisis, with excess capacity taking a heavy toll on producers, including those in China - leading to plant ... Read More
|
|
|
The MEPS world steel price advanced for the second successive month, in February, as flat product values increased in North America and Asia. Global selling figures plummeted to their lowest level for more than a decade, at the end of last year, as record-high Chinese exports caused a steel supply ... Read More
|
|
|
China's large and medium-sized steel mills suffered a loss of 72 billion yuan (11.34 billion U.S. dollars) in the first ten months of 2015, according to China Iron and Steel Association (CISA). Of the 101 steel mills tracked by CISA, the average sales margin stood at minus 1.5 percent during Jan.... Read More
|
|
|
The China Iron and Steel Industry Association has rejected international industry claims that a global glut in supplies is the direct result of robust growth in Chinese steel exports. Wang Liqun, the CISA's vice-chairman, said it strongly disagreed with a joint statement by nine foreign counterparts ... Read More
|
|
|
The largest private iron and steel enterprise in North China will begin restructuring following bankruptcy, local authorities said on Thursday. According to Yuncheng City government in Shanxi province, Haixin Iron and Steel Group, which has filed for bankruptcy, will receive 3.7 billion yuan (about ... Read More
|
|
|
Indian steel transaction values weakened in August, month-on-month, according to MEPS International. JSW Steel and Essar Steel have lobbied the Modi government to impose, a provisional safeguard duty, on all imports of hot rolled coil and other flat finished steel products. Cold rolled coil ... Read More
|
|
|
The Mexican Economy Ministry has announced that it has launched an investigation into wire rod imports into the country originating in China. The investigation follows complaints by domestic steelmakers Arcelor Mittal, Deacero and Ternium during July this year. According to estimates, the imports of ... Read More
|
|
|
The central parity rate of the Chinese currency renminbi, or the yuan, weakened by 1,008 basis points to 6.3306 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from ... Read More
|
|
|
People sending parcels and express mail to Beijing during the period marking the 70th anniversary of victory in the War of Resistance against Japanese Aggression will have to confirm their identity. The State Post Bureau is also telling all postal companies to ensure that parcels and express mail ... Read More
|
|
|
Major Chinese stainless steel makers have announced their decision to lower the domestic prices for various products for the month of August. The steel makers who have decided to cut their prices include Baosteel Stainless. Meantime, Taigang Stainless, the largest stainless producer in China has ... Read More
|
