China insight

Steel Export Tax Rebate from China Is Suspected to Be Cancelled.

[www.ferro-alloys.com] Under the serious oversupply in steel production and the pressure of sanctions from different countries, China is suspected to cancel the steel export tax rebate, about 9-13%. Chinese total steel ouput is close to the half of worldwide...

Thursday, June 23, 2016

CHS Might Raise Price for July

[www.ferro-alloys.com] Chung Hung Steel (CHS), one of the major carbon steel flat re-rollers and also the major welded pipe makers in Taiwan, will hold the price meeting next Monday(June 27). Although domestic steel price is unstable and Chin's steel prices ...

Thursday, June 23, 2016

China Baosteel Stainless Steel Plans to Focus on 400 Series Product Market

[www.ferro-alloys.com] Baosteel Group yesterday (21) announced that the shutting down one of its 17 years old of the 2500 cubic meter stainless steel blast furnaces operation, after the closure of Baosteel's stainless steel production will be reduced by 2.5 mi...

Thursday, June 23, 2016

Masteel to Make High-speed Wheels to Replace Imported Ones

[www.ferro-alloys.com] China's domestically produced wheels for high-speed trains traveling faster than 250 kilometers per hour will be ready to replace the imported ones as early as in the first half of 2017, according to a leading Chinese train wheel maker. ...

Wednesday, June 22, 2016

China's Wugang Releases Price List for Jul

[www.ferro-alloys.com] Chinese steelmaker Wuyang Iron and Steel Co. (Wugang) announced to lower its list prices for certain steel products for July. However, Wugang said it will hike list prices for cold rolled grain oriented steel (CRGO) by RMB500/ton. Af...

Monday, June 20, 2016

China's Spot Price of Iron Ore Rises

[www.ferro-alloys.com] The spot price of iron ore fines 62% to China has increased. Current price of iron ore is being offering at US$50.74/ton, increasing by US$0.26/ton or 0.52% from the previous price. Meanwhile, the China Iron Ore Price Index (CIOPI) i...

Monday, June 20, 2016

CIS Pig Iron Exports Prices Continue to Fall

[www.ferro-alloys.com] Over the past two weeks, CIS pig iron exports prices dropped by US15/ton, to US$240~250/ton FOB. With global market demand for pig iron remained weak, as well as the global steel market prices continued falling, effecting CIS pig iron ex...

Monday, June 20, 2016

China's Angang to Cut Its Steel List Prices for July

[www.ferro-alloys.com] The Chinese steelmaker Angang Steel Company announced to cut its HRC prices are at RMB200/ton for July. Meanwhile, the company also dropped its CRC prices are at RMB180-200/ton. After the announcement, those for SPCC CRC with thickness...

Thursday, June 16, 2016
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