China insight

China’s Baosteel to Cut Its Heavy Plate August Futures Prices

[www.ferro-alloys.com] China’s Baosteel announced to adjust down its heavy plate futures prices in August this year. The heavy plate prices on the basis of wide heavy steel plate, boiler plate, container plate, ship plate prices decline of RMB300/ton. Curren...

Thursday, July 14, 2016

Armco Metals Holdings, Inc. to Delist Its Common Shares From NYSE MKT

Armco Metals Holdings, Inc. (nyse mkt:AMCO) (the "Company" or "Armco") has provided formal notification to the NYSE MKT that it is voluntarily delisting its common stock from the Exchange and will transfer trading of its common stock to the OTCBB/Pink Sheets.

Wednesday, July 13, 2016

Chinese May Scrap Steel Imports Decline

[www.ferro-alloys.com] According to statistics, in May this year, China imported 184,000 tons of scrap, down 16.3% year on year, fell for thirteen consecutive months since May 2015, down 8.4% month on month, fell for the first time in three months. Among them...

Monday, July 11, 2016

China’s Angang to Cut Its Wire Rods Guidance Prices for July

[www.ferro-alloys.com] China’s Angang has announced to cut its wire rods guidance prices for July. The price of wire rod dropped by RMB150/ton in July. After prices adjustment, those for low SAE1022 wire rod with diameter of 6.5mm price is at RMB 2850/ton. T...

Monday, July 11, 2016

China's Hebei Steel to Lower Rebar, Wire Rod Prices for Early Jul

[Ferro-Alloys.com] Hebei Iron & Steel, the largest steel long product maker in Northern China has announced its construction steel guidance prices for early July contracts. The company’s prices for HRB400E rebar with diameters of 16mm~25mm will decrease by ...

Tuesday, July 5, 2016

China's Iron and Steel Industry PMI Falls 45.6% in June

[Ferro-Alloys.com] China's iron and steel industry PMI index fell 45.6% in June, down 2.4% compared to last May, especially the decline is most from in Hebei province, continued to shrink down from 3.4% to 41.2%. It showed this year the steel industry would ...

Tuesday, July 5, 2016

Stainles Steel Prices Increase Further, due to Nickel Prices Rebound

[Ferro-Alloys.com] In the beginning of this week, Nickel prics increased above to US$10000/ton. Yesterday (Jul. 4th), the stainless steel selling price was increased about US$47-63/ton. According to LME, Nickel price increased to US$10300/ton today (Jul. 5th),...

Tuesday, July 5, 2016

China's Tisco to Cut HR Steel Prices for July

[Ferro-Alloys.com] China’s Taiyuan Iron & Steel Group (Tisco), one of the major steelmakers in China announced to cut its list prices for hot rolled steel for July this year. The company has decided to cut its hot rolled steel prices were at RMB200/ton for Ju...

Tuesday, July 5, 2016
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