04

Jun

EU plans to modify steel import restrictions to deter possible undue supply

With the EU recovering from Covid-19, it plans to modify its import restrictions on steel to deter any unhealthy market situation. The proposal will modify the EU import restrictions published two years ago to defer the undue supply of steel products. Considering the 25% tariff imposed on steel imports by the US would probably shift global steel supply to Europe, causing undue stockpiles on the Eu...

29

May

iron ore inventory & blast furnace operation

28

May

Representatives of “two sessions” appeal to resume scrap importing

Along with the better situation of Covid-19, most steel mills are now back to normal operation. The output has been improved which also lead to an increased demand for iron ore. China’s iron ore greatly rely on import, and during the “two sessions”, representatives appealed to resume scrap importing and set relative export measures to improve scrap recycling and steel industry upgrading. During Ja...

25

May

Hanxing strip steel conference price release

Hanxing Strip Steel Conference Settlement price of May 1. SPHC    CNY 3450 2. HRC carbon steel (1010)  CNY 3460 3. Medium-wide strip steel    CNY 3430 4. Narrow strip steel  CNY 3440 Hanxing Strip Steel Conference Guide price of June 1. Narrow strip steel  CNY 3700 2. Medium-wide strip steel    CNY 3700 3. HRC carbon steel (1010)  CN...

23

May

The world crude steel output in April

Country/region Crude steel output (million tons) change China 85 0.2% India 3.1 -65.2% Japan 6.6 -23.5% EU 10.729 -22.9% USA 5 -32.5% CIS 6.554 -22.6% Ukraine 1.4 -30.9% Brazil 1.8 -39% Turkey 2.2 -26.3%