Industry News

steel capacity

China releases new steel capacity replacement policy The Ministry of Industry and Information Technology (MIIT) announced Monday a new policy to ensure zero growth of steel capacity in 2018. The new policy forbids plants from increasing capacity. In environmentally sensitive areas of the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Pearl River Delta, steel […]

China's steel output

China’s steel output rises, prices pick up China’s steel output continued to grow, with prices picking up as global recovery and a firming domestic economy combined to drive up demand, according to data from the National Development and Reform Commission (NDRC). The steel price index came in at 116.62 in November, up 0.92 percentage point […]

steel output

China’s 2018 steel output seen rising even after mill closures China’s crude steel output is expected to rise 3 percent to 832 million tonnes this year, and by a further 0.7 percent in 2018, as major mills ramp up operations, offsetting the impact of the shutdown of outdated plants, a government body said on Monday. […]

Steel demand

Steel demand to drop because of coming snow China’s steel rebar futures fell on Thursday, breaking a three-day rising streak, on concerns of waning demand in the construction sector because of snow forecasts in the northern part of the country. Cold weather is expected to hit regions across China in the coming week, bringing snow […]

steel output

China’s 2018 steel output seen up 0.7 pct to 832 mln T   China’s crude steel output is expected to rise 3 percent to 832 million tonnes this year, and by a further 0.7 percent to 838 million tonnes next year, a government industry research and planning body said on Monday. Iron ore demand in […]

steel export

China’s steel export price hits near four-year high   Improved product quality and structure brought China’s steel export price to 798.8 U.S. dollars per tonne in October, the highest level since February 2014, according to the China Iron and Steel Association (CISA). In the first 10 months of this year, the average export price of […]

iron ore exports

Sluggish Chinese demand to affect South African iron ore exports The majority of South Africa’s iron ore demand originates from Asian countries, where it is predominantly consumed for making the steel used in construction and infrastructure development. China is the largest exports destination for South African iron ore; in 2016 China was the destination for […]

steel output

China daily steel output falls to 9-month low on pollution curbs   China’s daily crude steel output slid in November to the lowest in nine months, government data showed on Thursday, as state-imposed curbs aimed at battling smog slowed production at mills in the northern part of the country. Daily average steel output dropped to […]

steel prices

China’s steel prices to stabilize in 2018: industry group China’s steel prices will continue to firm up in 2018 as production and supply are becoming more balanced, according to a senior official at the China Iron and Steel Association (CISA). Prices are rising in 2017 due to government effort to close small mills that churn […]

Steel Prices

Winter Production Cuts in China Heat up Steel Prices Following structural supply reform in China, steel mill capacity utilisation has already increased to 85%. Any further supply tightening from the winter “heating season” cuts will increase margins and steel prices. But, the depth, pace and timing of cuts are highly uncertain and they may not […]