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  • Operation of six large downstream steel-utilizing industries in Q1

    25

    Apr

    Operation of six large downstream steel-utilizing industries in Q1

    2020-04-25

    1. Property Construction From Jan. to Mar. of 2020, the total investment of real estate development is 2.1963 trillion yuan, decreased by 7.7% on a YoY basis. 2. Construction industry In Q1, national fixed capital investment (not including peasant) reached 8.4145 trillion yuan, down by 16.1% year on year. 3. Auto industry During the first three months of 2020, the output and sales volume of cars i...

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  • The steel output in Q1 incresed lightly, while demand from downstream decreased sharply

    22

    Apr

    The steel output in Q1 incresed lightly, while demand from downstream decreased sharply

    2020-04-22

    Along with the publishing of Q1 steel output and demand, the impact from COVID-19 became more and more obvious. Under the pressure of high stock, the increase of steel output of Q1 has been limited. The development of downstream industries was greatly constrained, especially for manufacturing industries hit by the overseas pandemic. Specifically, the market situation is of high stock and low price...

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  • South Africa announced ports lockdown which has no distinct effect on iron ore shipments

    20

    Mar

    South Africa announced ports lockdown which has no distinct effect on iron ore shipments

    2020-03-20

    Affected by epidemic outbreak, the president recently announced an emergency to the whole nation and said 35 ports and 2 offshore ports will be closed, including the Saldanha port, the largest shipping ports of iron ore in South Africa. It is known that the lockdown is only aimed at optional flow to crews and passenger ships and haven’t caused any effect on iron ore shipments at present. While at ...

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  • Steel export from India lowers 8% than that of Feb 2019

    20

    Mar

    Steel export from India lowers 8% than that of Feb 2019

    2020-03-20

    Steel export from India lowers 8% to 570 thousand tons than that of Feb 2019, lowers The data published by the Indian government on Tuesday showed the export volume of Feb is 570 thousand tons, lower than that of the same period last year-619 thousand tons, which is the first drop for these eight months and the biggest fall since April 2019. The statistics show India is the second-largest steel ma...

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  • Jingye finished the takeover of British Steel

    12

    Mar

    Jingye finished the takeover of British Steel

    2020-03-12

    On March 10, the private enterprise- Jingye announced its formal takeover of British Steel with the final trading price of 450 million Chinese Yen. British Steel is the second steel-making enterprise of Britain, which was acquired by Tata India in 2007. During the period of its great prosperity, its capacity consisted of 90% of the whole steel output of Britain. While since 2016, the company start...

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