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China steel rally unsustainable as production rises

The recent rally in steel prices in China will be unsustainable, given rising output from steel mills in the world’s biggest producer and consumer of the alloy, the China Iron & Steel Association (CISA) said. While government measures to boost ...

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Latin American imports of Chinese steel rose 5%

The Latin American structural steel imports from China increased by 5% during the first nine months of the current year, says ALACERO data.Latin American imports of Chinese steel rose 5% SEATTLE (Scrap Monster): The latest statistics released by the Latin ...

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Chinese steel faces punitive tariffs after US investigation

Imports of some anti-corrosive steel from China might be taxed as much as 236 percent based on the level of subsidies they receive, according to a preliminary finding by the US Department of Commerce. The department found five Chinese exporters, ...

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Chinese Steel demand may drop by 3.5% in 2015, 2% in 2016

The Chinese economy has decelerated as the impact of the rebalancing measures on the investment and real estate sector turned out to be more severe than expected, said the World Steel Association (worldsteel). As a result, activities in the construction ...

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Australia expects flat Chinese steel growth but stronger iron ore

The Australian government expects Chinese steel production to plateau over the next five years at an average of around 806 million mt/year between 2016 and 2020 but believes China’s currently high level of steel exports are unlikely to be sustained. ...

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Yuan fall sharpens export edge of Chinese steel to global concern

Cyrus P Mistry penned his chairman’s statement for Tata Steel a few months before Beijing letyuan go through a three-day fall, which proved to be the sharpest since it became an economic powerhouse. In his statement, Mistry said slowdown in the Chinese economy was ...

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Chinese steel may flood VN market

After the strong depreciation of the Chinese yuan, steel industry insiders have warned local steel producers that Chinese steel products could flood the Vietnamese market, causing difficulties for them. Vice-Chairman of the Viet Nam Steel Association Nguyen Van Sua said ...

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Swings In Chinese Steel: It’s No Playground

Bulkcarrier owners could be forgiven for feeling just a little bit dizzy at the moment. The unprecedented growth in China’s steel industry over the last decade has for years provided an adrenaline-infused experience in dry bulk trade. But with both ...

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Shrinking Chinese steel market will drag down iron ore price

The price of iron ore regained the psychologically important $50 a tonne level on Wednesday as the market for the steelmaking raw material stabilized following last weeks wild swings up and down. The benchmark 62% Fe import price including freight ...

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Chinese steel futures dip as traders brace for summer drop in demand

Steel futures in China slipped 0.9 percent on Tuesday, their first day back after a long holiday weekend, with traders bracing for a seasonal decline in steel demand that is also set to undermine iron ore prices. The most traded ...

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