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Industry news

  • 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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  • 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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  • Chinese steel market prices rise on overseas economic recovery

    Chinese steel market prices rise on overseas economic recovery

    The overseas economic rapid recovery gave rise to the strong demand for steel, and the monetary policy to boost the steel market prices has risen sharply.Some market participants indicated that the steel prices have gradually risen due to the overseas steel market’s strong demand in the fir...
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  • World Steel Association releases short – term steel demand forecast

    World Steel Association releases short – term steel demand forecast

    Global steel demand will grow 5.8 percent to 1.874 billion tons in 2021after falling 0.2 percent in 2020. the World Steel Association (WSA) said in its latest short-term steel demand forecast for 2021-2022 released on April 15.In 2022, global steel demand will continue to grow by 2.7 percent to r...
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  • China’s low steel inventory may affect downstream industries

    China’s low steel inventory may affect downstream industries

    According to the data showed on March 26, China’s steel social inventory fell by 16.4% compared with the same period last year. China’s steel inventory is declining in proportion to production, and at the same time, the decline is gradually increasing, which shows the current tight s...
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  • The steel price trend has changed!

    The steel price trend has changed!

    Entering the second half of March, high-price transactions in the market were still sluggish. Steel futures continued to fall today, approaching the close, and the decline narrowed. The steel rebar futures were significantly weaker than the steel coil futures, and the spot quotations has signs of...
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  • China’s Foreign Trade Imports and Exports are growing for 9 consecutive months

    China’s Foreign Trade Imports and Exports are growing for 9 consecutive months

    According to customs data, in the first two months of this year, the total value of my country’s foreign trade imports and exports was 5.44 trillion yuan. An increase of 32.2% over the same period last year. Among them, exports were 3.06 trillion yuan, a year-on-year increase of 50.1%; impo...
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