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  • China’s square billet imports increase in Jun on concerns of production cut plan in H2

    China’s traders imported square billet in advance as they expected a large-scale production cut in the second half of this year. According to statistics, China’s imports of semi-finished products, mainly for billet, reached 1.3 million tons in June, a month-on-month increase of 5.7%. China’s meas...
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  • EU’s carbon border tariffs’ impact on China’s steel industry

    EU’s carbon border tariffs’ impact on China’s steel industry

    The European Commission recently announced the proposal of carbon border tariffs, and the legislation was expected to be completed in 2022. The period of transitional was from 2023 and the policy will be implemented in 2026. The purpose of levying carbon border tariffs was to protect domestic ind...
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  • China plans to reach total imports & exports of $5.1 trillion by 2025

    China plans to reach total imports & exports of $5.1 trillion by 2025

    According to China’s 14th Five-Year Plan, China issued its plan to reach total imports and exports of US$5.1 trillion by 2025, increasing from US$4.65 trillion in 2020. The official authorities confirmed that China aimed to expand imports of high-quality products, advanced technology, impor...
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  • Weekly overview of the raw materials market

    Weekly overview of the raw materials market

    Last week, the prices of domestic raw materials varied. Iron ore prices fluctuated and fell, coke prices remained stable on the whole, coking coal market prices tended to be stable, ordinary alloy prices were moderately stable, and special alloy prices fell on the whole.The price changes of the m...
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  • The steel market will run smoothly

    The steel market will run smoothly

    In June, the steel market volatility trend has been contained, some of the end of May prices fell varieties also appeared a certain repair. According to statistics from steel traders, since the second quarter of this year, the National Development and Reform Commission and local development and r...
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  • China’s iron ore price index hikes on Jun 17

    China’s iron ore price index hikes on Jun 17

    According to the data from China Iron and Steel Association (CISA), China Iron Ore Price Index (CIOPI) was 774.54 points on June 17, which was up by 2.52% or 19.04 points compared with the previous CIOPI on June 16. The domestic iron ore price index was 594.75 points, rising by 0.10% or 0.59 poi...
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  • China’s iron ore imports drop by 8.9% in May m-o-m

    China’s iron ore imports drop by 8.9% in May m-o-m

    According to data from China’s General Customs Administration, in May, this largest buyer of iron ore in the world imported 89.79 million tons of this raw material for steel production, 8.9% less than the previous month. Iron ore shipments fell for the second month in a row, while supplies ...
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  • China’s steel exports remain active

    China’s steel exports remain active

    According to statistics, China had a total quantity of steel products exports of around 5.27 million tons in May, which increased   by 19.8% compared with the same month a year ago. From January to May, the steel exports totaled around 30.92 million tons, hiking by 23.7% year on year. In May, i...
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  • China’s iron ore price index decreases on Jun 4

    China’s iron ore price index decreases on Jun 4

    According to the data from China Iron and Steel Association (CISA), China Iron Ore Price Index (CIOPI) was 730.53 points on June 4, which was down by 1.19% or 8.77 points compared with the previous CIOPI on June 3. The domestic iron ore price index was 567.11 points, rising by 0.49% or 2.76 poin...
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  • On June 2, the RMB fell 201 basis points against the US dollar

    On June 2, the RMB fell 201 basis points against the US dollar

    Xinhua News Agency, Shanghai June 2, from the China Foreign Exchange Center data showed that the 21-day RMB on the intermediate price of the US dollar exchange rate was 6.3773, which was down on 201 basis than the previous trading day. The People’s Bank of China authorized China Foreign E...
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  • It skyrocketed and plummeted in May ! In June ,steel prices go like this……

    It skyrocketed and plummeted in May ! In June ,steel prices go like this……

    In May, the domestic construction steel market ushered in a rare surge in the market: in the first half of the month, the hype sentiment was concentrated and the steel mills fueled the flames, and the market quotation hit a record high; in the second half of the month, under the intervention of t...
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  • Our trademark

    Our trademark

    After more than a year,our trademark has finally been registered successfully . Dear customers and friends,please identify them accurately .  
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  • China’s government plans to increase tariffs on steel products to control exports

    China’s government plans to increase tariffs on steel products to control exports

    The Chinese government has removed and reduced export rebates on most steel products since May 1. Recently, the Premier of the State Council of China emphasized ensuring the supply of commodities with stabilizing process, implementing the relevant policies such as raising export tariffs on some...
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  • China Iron ore price index on May 19

    China Iron ore price index on May 19

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  • China’s iron ore price index decreases on May 14

    China’s iron ore price index decreases on May 14

    According to the data from China Iron and Steel Association (CISA), China Iron Ore Price Index (CIOPI) was 739.34 points on May 14, which was down by 4.13% or 31.86 points compared with the previous CIOPI on May 13. The domestic iron ore price index was 596.28 points, rising by 2.46% or 14.32 p...
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  • Tax rebate policy may be difficult to quickly restrain the export of steel resources

    Tax rebate policy may be difficult to quickly restrain the export of steel resources

    According to the analysis of “China Metallurgical News”, the “boots” of steel product tariff policy adjustment finally landed. As for the long-term impact of this round of adjustments, “China Metallurgical News” believes that there are two important points. &...
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