News
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China’s welded steel pipe production rises in Aug y-o-y
According to statistics, China produced around 5.52 million tons of welded steel pipes in August, growing by 4.2% compared to the same month a year earlier. In the first eight months of this year, China’s welded steel pipe production amounted to approximately 37.93 million tons, a year-on-year in...Read more -
Welcome to the world’s second largest pipe exhibition
—The 9th International Tube & Pipe Industry Trade Fair（Tube China 2020） Invitation to the world!! A invitation connected with big opportunity! One of the two global most influential pipe exhibition! The ‘China version’ of the world biggest Dusseldorf Tube Fair-International Tube & Pipe ...Read more -
China’s steel imports in Jul reach highest level in recent years
According to data from China’s General Administration of Customs, the world’s largest steel producer imported 2.46 million tons of semi-finished steel products this July, an increase of more than 10 times over the same month of the previous year and representing its highest level sinc...Read more -
The U.S. revised the final anti-dumping ruling of China-related cold drawn welded pipes, cold rolled welded pipes, precision steel pipes, precision drawn steel pipes, and cold drawn cold drawn mech...
On June 11, 2018, the U.S. Department of Commerce issued an announcement stating that it revised the final anti-dumping results of Cold-drawn Mechanical Tubing in China and Switzerland. Meanwhile issued an anti-dumping tax order in this case: 1. China enjoys a separate tax rate The dumping margin...Read more -
Demand for steel is picking up, and steel mills reproduce the scene of queuing for delivery late at night
Since the beginning of this year, China steel market has been volatile. After the downturn in the first quarter, since the second quarter, demand has gradually recovered. In the recent period, some steel mills have seen a significant increase in orders and even queued up for delivery. In March, s...Read more -
China’s infrastructure investment may boost domestic steel demand
Due to the reduction of international orders as well as the limitation of international transportation, China’s steel export rate was keeping at a low stage. The Chinese government had tried to implement a lot of measures such as improving the rate of tax rebate for exportation, expanding t...Read more -
Chinese crude steel output increases 4.5% y-o-y in Jun
According to the market in China, the total output of crude steel in China this June was around 91.6 million tons, counted as nearly 62% of the whole world’s crude steel output. Moreover, the total output of crude steel in Asia this June was around 642 million tons, decreased by 3% year on year; ...Read more -
EU decided to terminate the absorption reinvestigation concerning imports of certain cast iron articles originating in the People’s Republic of China
According to a report by CHINA TRADE REMEDIES INFORMATION on July 21, on July 17, the European Commission issued an announcement stating that as the applicant withdrew the lawsuit, it decided to terminate the anti-absorption investigation of cast iron articles originating in China and not impleme...Read more -
Chinese seamless tube factory stock goes down due to price stimulation
During the past week, Chinese ferrous metal futures showed an uptrend under the influence of the growth in the stock market. Meanwhile, price in the actual market also increased during the whole week, which finally led to a price increase of seamless pipe mostly in the Shandong and Wuxi Region. S...Read more -
From January to May, the output of my country’s steel industry production remained high but steel prices continued to fall
On July 3, the Ministry of Industry and Information Technology released the operating data of the steel industry from January to May 2020. Data show that my country’s steel industry gradually got rid of the impact of the epidemic from January to May, production and sales basically returned ...Read more -
ISSF: Global stainless steel consumption expected to decrease by around 7.8% in 2020
According to the International Stainless Steel Forum (ISSF), based on the epidemic situation which has greatly affected the global economy, it was predicted that the stainless steel consumption volume in 2020 will decrease by 3.47 million tons compared with its consumption last year, a year-on-ye...Read more -
The Bangladesh Steel Association proposed taxation on imported steel
According to foreign media reports, Bangladesh’s domestic building materials manufacturers urged the government to impose tariffs on imported finished materials to protect the domestic steel industry yesterday. At the same time, it also appeal for the increase of taxation for the import of ...Read more -
China steel export amount is 4.401 million tons in May, decrease 23.4% year-on-year
According to the data that from General Administration of Customs in June Seventh, 2020, China steel export amount on May, 2020 is 4.401 million tons, decreased 1.919 million tons from April, 23.4% year-on-year; from January to May, China cumulative exported 25.002 million tons, decreased 14% yea...Read more -
EU steel safeguards may begin to control HRC quotas
The European Commission’s review of safeguard measures was unlikely to adjust tariff quotas substantially, but it will limit the supply of hot-rolled coil through some control mechanism. It was still unknown how the European Commission will adjust it; however, the most possible method seeme...Read more -
China’s steel industry may rebound again by Chinese govt’s high infrastructure investment
After the COVID-19 situation been controlled in China, the Chinese government also announced to increase its infrastructure investment to stimulate domestic demand. Moreover, there were also more and more construction projects that started to restart, also expected to revitalize the steel industr...Read more -
NPC&CPPCC “warm up” steel market in May
The steel market has always been said to be “peak season on March and April,off season on May”.But this year steel market was affected by the Covid-19 as domestic transportation and logistics were once interrupted. In the first quarter, problems such as high steel inventories, a shar...Read more -
China’s stainless steel prices may remain in May
Reported By 2020-5-13 According to the stability of world nickel price, the average price of stainless steel in China has risen gradually, and the market expects that the price will remain stable in May. From the market news, the current nickel price in 12,000 us dollars/barrel above, coupled wit...Read more -
China’s recovery
According to CCTV news, as of May 6th, there have been no new cases of local new coronary pneumonia diagnosed in the country for four consecutive days. In the normal stage of epidemic prevention and control, all parts of the country have done a good job of “internal defense rebound, externa...Read more -
A week summary of the raw material market April 24 ~ April 30
Reported By 2020-5-8 Last week, the domestic raw material market fluctuated slightly. The iron ore market fell first and then rose, and port inventories continued to be low, the coke market was generally stable, the coking coal market continued to fall steadily, and the ferroalloy market rose ste...Read more -
In the first quarter of 2020, China’s steel stocks fell slowly after a sharp rise
Reported by Luke 2020-4-24 According to data from the General Administration of Customs, China’s steel export volume in March increased by 2.4% year-on-year and the export value increased by 1.5% year-on-year; steel import volume increased by 26.5% year-on-year and import value increased by...Read more -
Online Canton Fair will be held in June
Reported by Luke 2020-4-21 According to news from the Ministry of Commerce of China, the 127th China Import and Export Fair will be held online from June 15 to 24 for a period of 10 days. The China Import and Export Fair was founded on April 25, 1957. It is held in Guangzhou each spring and autum...Read more -
Best wishes to clients
Reported by Luke 2020-4-17 The unexpected epidemic has caught us off guard. China has contained the virus under the leadership of the country, but with the spread of virus around the world, good protection is the most important thing now, and we sincerely hope that you are safe and healthy. To th...Read more -
Steel companies in various countries make adjustments
Reported by Luke 2020-4-10 Affected by the epidemic, downstream steel demand is weak, and steel producers have been cutting their steel output. United States ArcelorMittal USA is planning to shut down No. 6 blast furnace. According to the American Iron and Steel Technology Association, ArcelorMi...Read more -
Iron ore prices go against the market
Reported by Luke 2020-4-3 According to the China Steel News, the price of iron ore rose by 20% at the beginning of last year due to the impact of a Brazilian dyke break and an Australian hurricane. Pneumonia affected China and global iron ore demand have both declined this year, but iron ore pric...Read more