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Chinese Steel mills take a giant leap to overhaul steel distribution

The steel supply chain in China is undergoing a major transformation. Currently, the steelmakers’ most popular method of supplying material to the market is by selling through independent trading companies to the users of the product, said MEPS International. This ...

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Chinese steel mills lower billet and plate export prices

Bad news is continuing to emanate from several countries in Week 26 of 2015 as Chinese steel mills have gone on full throttle on export front causing a major slide in steel price levels casting a spell of gloom over ...

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Chinese steel mills exporting at less than cost ie at loss

Some Chinese steelmakers are selling their products abroad at a loss, traders and a producer told Reuters, as a group of global industry bodies urged governments to take action over rising shipments from China. Traders and a producer in Hebei, ...

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Chinese Steel mills announce cut in ferrous scrap buying prices

Many steel mills in Eastern China have announced sharp cuts in ferrous scrap buying prices. This is on the back of declining rebar prices, sources said. The purchasing price for heavy melting scrap with thickness 6mm and above by Jiangsu ...

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Chinese Steel Mills Makes New Endeavors in Product Portfolio

Some large Chinese steel mills are making new endeavors to upgrade product portfolio in response to the One Belt and One Road initiative, the elimination of inefficient capacities, and other favorable policies in China, Securities Daily reported.   With China’s ...

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Chinese steel mills look to government support to cut capacity

Many loss making Chinese steel mills could finally be ready to shut their doors this year, with the government expected to offer more incentives for stricken enterprises to close as the economy slows and a war on smog intensifies. With ...

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Profit at Chinese steel mills may far more than 40pct – CISA

CISA said that a 40% YoY profit hike at CISA member mills throughout 2014, but they may make far more than that as estimated operating rate at mills dropped 38 % when steel prices only lost 20 %. Source – ...

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China’s steel capacity likely to grow this year

SHANGHAI: Crude steel capacity in China, the world’s top producing country, is likely to grow this year despite difficult market conditions as new projects are coming onstream, the Ministry of Industry and Information Technology (MIIT) said on Thursday. Long-standing overcapacity, ...

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Chinese steel mills eying new avenues to maintain steel export volumes

On the first Monday of 2015 when Chinese steel market opened varied reactions started to pour in from various market players and analysts about the implications of Chinese government’s decision to withdraw VAT rebate on exports of some of the ...

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Iron ore prices slip further as Chinese buyers hold buying anticipating further slide

Seaborne iron ore prices CFR China fell further this week as Chinese steel mills are staying away from buying expecting further slide in coming times as being anticipated by analysts across board According to data compiled by the Steel Index, ...

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