What is the future trend of the steel industry?
Recently, the World Iron and Steel Association released data showing that in April 2023, the crude steel production of 63 countries included in the World Iron and Steel Association's statistics was...
News
Iron ore climbs on China demand hopes, stimulus chatter
Dalian iron ore rose on Friday to a six-week peak, while the steelmaking ingredient’s benchmark price in Singapore hit the highest in two weeks, extending a rally spurred by surprise growth in China’s...
China: Domestic Iron Ore Prices Diverged Last Week, But Are Likely To Fall This Week
Weekly iron ore price review: Hebei: down 10-15 yuan/mt in Tangshan, Qianxi, and Qian’an; western Liaoning: down 10-15 yuan/mt in Chaoyang, Beipiao and Jianping; east China: up 20-30 yuan/mt. Tangshan:...
China manufacturing data weak but better than expected thanks to government boost
Iron ore futures in China are set to vault above levels last seen during the height of a speculative boom in April, after factory data signaled that government stimulus continues to bolster the nation’s...
How much tax does the steel industry need to pay after the EU carbon tariff is officially passed?
Recently, the European Council voted to approve the Carbon Border Adjustment Mechanism (CBAM). This marks the completion of the entire legislative process and the formal adoption of CBAM. This heavyweight...
China's HRC output up 9.3 percent
In the January-April period this year, China's hot rolled coil (HRC) production amounted to 66 863 million mt, up 9.3 percent year on year, according to China's National Bureau of Statistics (NBS)....
Chinese NEV Market pulls away, nickel in short supply – Stainless Espresso
15 May 2023 – The Chinese NEV market continues to pick up significantly. Market sources report tight nickel inventories and lack of availability. Nickel inventories at the SHFE continue to be historically...
EU plans new sanctions mechanism
EU plans new sanctions mechanism The European Union (EU) is reportedly considering a new sanctions mechanism to target third countries in order to combat circumvention of Russia sanctions more...
Steel trade dips on expectations of price cuts
Activity in the steel trade market has slowed down to a trickle with buyers refraining from stocking on material on expectations of prices going down, said traders and industry executives. The...
‘Sliding scale’ approach to measuring, reporting steel carbon emissions allows for greenwashing
Formed in November 2022, the GSCC consists of steel manufacturers, associations and other organizations in the steel supply chain. Its founding members are the Steel Manufacturers Association,...
Opportunities and challenges
On December 5, 2022, the online seminar held by the International Chromium Development Association (ICDA) was successfully held. Fan Tiejun, President of Metallurgical Industry Planning and Research Institute,...
Industry hotspots
12 Chinese steel companies on the Fortune Global 500 list in 2022 On August 3, the 2022 Fortune Global 500 list was released. According to statistics, there are 12 Chinese iron and steel enterprises shortlisted...