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Asia’s Steelmakers Brace for Weaker China Demand

Bernstein reiterates Market-perform ratings for Tata Steel (500470.IN), Angang H-share ( 347.HK ) and Maanshan H-share ( 323.HK ), with target prices of INR500, HK$6.25 and HK$2.60, respectively. We rate Angang A-share (000898.CN) and Maanshan A-share (600808.CN) Underperform, with the ...

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More Chinese steel mills cut prices as outlook remains negative

Chinese steel sector is continuing to face downward headwinds with dismal performance in March and Q1. The steel demand remains weak as growth in property continues to decline with falling floor space of newly started houses and decreased land purchase ...

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Chinese steel sector numbers for Q1 paint a scary picture

For the first time in last 18-20 years, Chinese crude steel production in first quarter has gone down by 1.7% YoY. Despite slowdown in steel exports in March, total steel exports in Q1 have surged to about 25 million tonnes ...

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Internet platforms to ease woes of Chinese steel sector

Internet platforms can help resolve the overcapacity problems of the nation’s steel industry, which is burdened by losses as it copes with a slowing economy. Mr Gan Yong, vice president of the Chinese Academy of Engineering and chairman of the ...

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Chinese authorities take first step in improving Steel statistics

At last, the Chinese steel sector has moved to rectify errors in its reporting of steel production. However, there remains much more work to be done before the industry can show that it takes, seriously, the need to provide accurate ...

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Rate cut likely to revive fortunes of Chinese steel sector

With rise of Chinese steel dragon in last 15 years, global steel sector’s fate is overshadowed by the health of Chinese domestic steel industry, whose fortunes are dependent to a large extant on the state of real estate in China ...

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Chinese steel sector has reached its Waterloo

The situation in Chinese steel market is continuing to deteriorate with every passing day since last 12 months with steel prices going down by almost 15% Class 30/Aug/2013 04/Sep/2014 Change % CLPPI 6285 5311 -974 -15.50% CFPPI 5863 5160 -703 ...

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