China insight

Baosteel: China likely to cut steel capacity

It is reported that Dongyin Wu, the president of economics and management research of China' Baosteel, foresees a wave of consolidations in China's steel industry to take more capacity offline. In the World Steel Association Conference in China, Wu said tha...

Monday, October 26, 2015

The Import of Manganese Ore at Qinzhou Port Recovered

[Ferro-alloys.com] After going through nearly half a year’s recession, the import amount of manganese ore at Qinzhou Port increased a lot. According to Guangxi Entry-Exit Inspection and Quarantine Bureau, through the third quarter the import amount of mangane...

Friday, October 23, 2015

China to cut steel capacity by 77.8 million tons

[Ferro-Alloys.com] On Wednesday, China’s President Xi Jinping said in the United Kingdom that the country’s steel capacity had been reduced by 77.8 million tons to 700 million tons. The comments was made for fending off criticism that British steel industry...

Friday, October 23, 2015

IMF: China's growth outlook good, despite headwinds

China's economy faces strong external headwinds, even though its contribution to world's growth this year is likely to exceed that of the United States, the country's vice-finance minister said.

Monday, October 19, 2015

China's Steel Exports Reached Record Levels in September

According to the data released from Chinese General Administration of Customs, China exported about 11.25 million tons in

Thursday, October 15, 2015

Chinese Shagang Group to Cut Rebar, Wire Rod Prices

Chinese steelmaker Shagang Group announced to lower its rebar prices by RMB40/ton for deliveries in mid-October.

Thursday, October 15, 2015

China's WISCO to Remain Prices Unchanged for Nov

China's Wuhan Iron & Steel (WISCO) announced to remain its domestic prices on all steel products unchanged for November delivery.

Thursday, October 15, 2015

China’s Baosteel Stainless to Hold Stainless Export Prices Unchanged

Baosteel Stainless, one of the major stainless steel producers in China announced to hold its export prices for 304 grade cold rolled stainless steel coil flat for October delivery.

Thursday, October 15, 2015
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