News
-
China’s steel industry still needs to maintain a certain scale in the process of China’s industrialization and urbanization
After reading Xi’s letter, I felt very kind and encouraged.” Of CPC Central Committee general secretary and state President and central military commission President xi jinping write back to the old professor of Beijing university of science and technology, the CPPCC national committe...Read more -
agency data showed India’s crude steel production in fiscal 20201/22 (ending March 2022) grew by 16% year-on-year
For steel, to hit a record high of 120 million tonnes, surpassing the all-time high of 111 million tonnes in fiscal 2018/19. India is the world’s second largest steel producer with a large population that requires large amounts of steel to build infrastructure for residential transportation...Read more -
Recent timber production increased steadily
Today, the main contract fell high, Shanghai thread rose 30 yuan/ton to 4930 yuan/ton, Shanghai hot volume held steady at 4840 yuan/ton. Thread 10 contract, Yong ‘an futures buy positions reduced 14370 hands, sell positions reduced 2075 hands; In the top 20 futures companies, positions held...Read more -
This year, China continues to implement the policy of reducing crude steel output to curb the rapid growth of crude steel output, which is conducive to the balance between supply and demand in the ...
This year, China continues to implement the policy of reducing crude steel output to curb the rapid growth of crude steel output, which is conducive to the balance between supply and demand in the steel industry. And the market demand “peak season is not prosperous”, to the operation ...Read more -
In the second half of 2021, especially in the fourth quarter, China’s economy will face “triple pressures” : demand contraction, supply shock, weakening expectations, and increasi...
In the second half of 2021, especially in the fourth quarter, China’s economy will face “triple pressures” : demand contraction, supply shock, weakening expectations, and increasing pressure on steady growth. In the fourth quarter, GDP growth fell to 4.1%, beating previous estim...Read more -
The iron and steel industry is an important basic industry of the national economy.
The iron and steel industry is an important basic industry of the national economy. At the same time, the iron and steel industry is in the upstream of the infrastructure industry and closely linked with the industrial chain of the infrastructure industry. It is understood that steel trading ente...Read more -
The steel market is off to a solid start this year
China’s steel market has had a solid start to the year. Statistics show that in the first two months of this year, the national steel market demand increased steadily, while supply and demand significantly reduced, social inventory decline. Because of the improvement of supply and demand re...Read more -
Baosteel To Resume work and Production
In the first half of April, China Baowu Baosteel Co., LTD. (hereinafter referred to as Baosteel) successfully completed the normal production plan, the effective operation rate of important operation lines in Baoshan Base reached 94.69%, the sales volume of non-oriented silicon steel, Baosteel...Read more -
The United States announced the resumption of 352 tariff exemptions for Chinese imports, including steel products
On March 23, the Office of the United States Trade Representative (USTR) announced the re-exemption of 352 tariffs on goods imported from China. The new rule will apply to goods imported from China between October 12, 2021 and December 31, 2022. In October, uSTR announced plans to re-exempt 549 ...Read more -
On the demand side, steel volume growth focuses on infrastructure
Downstream from the steel industry, we can see whether the industry demand is increasing. According to baichuan Yingfu data, China’s downstream steel consumption structure, construction industry steel accounted for about 49%, ranked the first; Machinery followed, accounting for about 17 per...Read more -
Russia-ukraine conflict affects global steel supply and demand
The recent escalation of tensions between Russia and Ukraine will affect global economic recovery and bring uncertainty to overseas steel supply and demand. Russia is one of the world’s leading steel producers, producing 76 million tons of crude steel in 2021, up 6.1% year on year and accou...Read more -
The market of steel material in the world this quarter
In terms of import, the domestic steel price is far lower than that of foreign countries, and with the development of the Conflict between Russia and Ukraine, the foreign price continues to grow, so there is no room for import temporarily. another In terms of the whole year, there is not much imp...Read more
