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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%
Read moreMost people think trading is about selling and buying, while the basis of trading, I think, is actually to satisfy customers’ demands and settle problems for them. Last month, the CRC coils our customers purchased were partially rusted due to vessel leaking during sea transportation. It is none of our business since the insurance is covered by our customers. However, we helped them to communicate ...
Read more“Customer is God”seems like the slogan of every company, while not everyone of them treat their customers like treatingthe God. So why same slogan, different results? The example below can well explain it. Recently, manager Xv of our group went to Zhenjiang to talk about industrial estate approval with local governments and he asked if pilling is necessary for factory building. The answer from gov...
Read moreIt is reported the iron ore futures price has reached USD107/ton recently at Dalian Commodity Exchange, increased by 20% than the price of the beginning of April. So what leads to the price rising? On one hand, optimistic sentiment on China’s high demand for iron ore after the pandemic is one impetus. The iron ore demand from China accounts for more than half of global demand and the shipping of i...
Read moreAlmost every industry is affected by Covid-19 since its outbreak, especially for the steel industry. Domestic steel demand and industry of India has been rebounded from last Nov and this situation has been lasted till the beginning of March this year and has been changed at the last week of March due to outbreak of Covid-19. The measures have been taken by each nation to combat the virus. The dome...
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