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CISA members’ crude steel production declined sharply during late-July

According to weekly data released by the China Iron and Steel Association (CISA) , the aggregate daily crude steel output of large and medium sized member enterprises were down by 1.1% during late-July (July 21st to 31st) compared to the previous week  ...

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China to gradually see negative growth in steel production: Baosteel

According to Baosteel Corp, the age of rapid growth in steel sector has come to an end in China. The country is most likely to witness negative growth in steel production in the years to come.   The steelmaker also ...

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CISA: China’s ‘mini-stimulus’ efforts unlikely to lift steel prices

CISA: China’s ‘mini-stimulus’ efforts unlikely to lift steel prices

A series of “mini-stimulus” policies designed to rejuvenate China’s flaggingeconomy will help support steel demand over the coming months, but prices will continue to be weighed down by a supply glut, the country’s steel association said on Thursday. China’s economy grew at an annual rate ...

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Large scale mine closures in China may lift iron ore prices: Citigroup

Iron ore prices are likely to rebound as closure of high-cost output supplying mines in China may boost demand for seaborne shipments, said Citigroup in its latest study report. According to Citigroup analyst, local suppliers are seen cutting production. Iron ...

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