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The situation of steel consumption industry is relatively optimistic

The situation of steel consumption industry is relatively optimistic

May-10-2022

In 2021, despite the contraction of China's construction activities, the construction activities in the world continued to recover from the blockade of the COVID-19 epidemic, and the steel demand increased by 3.4% year-on-year. In many countries a

The outlook for steel demand in developed economies is expected to weaken in 2022

The outlook for steel demand in developed economies is expected to weaken in 2022

May-07-2022

Despite the impact of several rounds of COVID-19 and manufacturing supply chain restrictions, steel demand in developed economies is still recovering strongly in 2021, especially in the European Union and the United States.However, due to the impact of in

US steel imports increased by 27.8% year-on-year in the first quarter

US steel imports increased by 27.8% year-on-year in the first quarter

May-05-2022

According to the steel import monitoring and analysis data released by the U.S. Department of Commerce on April 6, in the first quarter of 2022, the steel import volume and finished steel import volume of the United States were 8.471 million tons and 6.69

Turkey has signed more than 400000 tons of hot rolled coil orders from China

Turkey has signed more than 400000 tons of hot rolled coil orders from China

Apr-29-2022

Turkey signed orders for more than 400000 tons of hot rolled coils from China. Affected by the conflict between Ukraine and Russia, most overseas buyers began to give up Russian resources. At present, the export price of hot-rolled steel coil in CIS is ab

European hot rolled coil prices continue to rise

European hot rolled coil prices continue to rise

Mar-04-2022

According to foreign media reports, on March 2, the ex factory price index of hot rolled coil in northern Europe was 985.7 euros / ton, up 19.5 euros / ton on a weekly basis and 49.6 euros / ton on a monthly basis.After the outbreak of the conflict betwee

Pakistan makes anti-dumping final ruling on cold-rolled coil from Taiwan

Pakistan makes anti-dumping final ruling on cold-rolled coil from Taiwan

Feb-11-2022

In February 3, 2022, the Pakistan State Customs Committee announced the latest announcement of case No. ADC60/2021/NTC/CRC, which made an affirmative termination of the anti-dumping duties on cold rolled coils/sheets originating or imported from Taiwan, C

World Steel Association forecasts steel demand to grow by 2.2% in 2022

World Steel Association forecasts steel demand to grow by 2.2% in 2022

Jan-26-2022

Edwin Basson, director general of the Worldsteel Association, said in his New Year's message recently that with the increase in vaccination rates and the government's support for epidemic prevention measures, steel demand will recover stro

India attitude towards China related iron, non alloy steel or other alloy steel cold rolled plates

India attitude towards China related iron, non alloy steel or other alloy steel cold rolled plates

Jan-13-2022

India terminates anti-dumping measures against China related iron, non alloy steel or other alloy steel cold rolled platesOn January 5, 2022, the Ministry of Commerce and Industry of India announced that the Tax Bureau of the Ministry of Finance of India

Australia initiates the second anti-dumping sunset review investigation on hot rolled steel coils

Australia initiates the second anti-dumping sunset review investigation on hot rolled steel coils

Jan-07-2022

On January 4, 2022, the Australian Anti-Dumping Commission issued Announcement No. 2022/002 stating that in response to an application submitted by the Australian company BlueScope Steel Limited on November 27, 2021, it initiated a second round of hot-rol

China's steel shows an increase in imports and a decline in exports in 2021

China's steel shows an increase in imports and a decline in exports in 2021

Dec-13-2021

According to previous statistics, in the first 10 months of 2021, China exported 57.518 million tons of steel products, a year-on-year increase of 29.5%. In the same period, a total of 11.84 million tons of steel was imported, a year-on-year decrease of 3

Steel prices soar in the United States

Steel prices soar in the United States

Nov-18-2021

The latest data show that on November 15, 2021, taking hot-rolled coil as an example, the price of American steel mills in the Midwest of the United States was US $2000 / ton (about 12760 yuan), EU steel was US $1150 / ton, and Japanese market was US $101

What are the reasons for the recent drop in steel prices

What are the reasons for the recent drop in steel prices

Nov-11-2021

Since November, China's domestic steel market still shows a weak trend of supply and demand, and the market has continued its weak operation since October. What are the reasons for the recent drop in steel prices?First, compared with the decline i

Us cancels EU steel and aluminum tax

Us cancels EU steel and aluminum tax

Nov-05-2021

On October 30, the United States announced that it would cancel some tariffs on EU steel and aluminum. Under this agreement, the EU exports 3.3 million tons of steel to the United States without tariff every year, and can also apply for an increase of 1 m

Iran's apparent steel consumption in the first half of the year has decreased significantly

Iran's apparent steel consumption in the first half of the year has decreased significantly

Oct-28-2021

Compared with the same period last year, Iran's apparent steel use in the first six months of this year (March 21 to September 22) decreased.Apparent steel usage is defined as output plus imports minus exports, sometimes adjusted according to inve

It is predicted that the global steel demand will increase by 4.5% to 1.855 billion tons this year

It is predicted that the global steel demand will increase by 4.5% to 1.855 billion tons this year

Oct-21-2021

It is predicted that the global steel demand will continue to grow by 4.5% to 1855.4 million tons in 2021, following the growth of 0.1% in 2020. In 2022, the global steel demand will continue to grow by 2.2%, reaching 1896.4 million tons. The prediction i

European hot coil prices fell sharply

European hot coil prices fell sharply

Oct-14-2021

According to foreign media reports, on October 13, the ex factory price index of hot coil in northern Europe was 1007 euros (US $1162.6) / ton, down 28.7 euros / ton on a weekly basis and 81.1 euros / ton on a monthly basis.According to the European marke

The import price of hot rolled coils in the Middle East continued to fall

The import price of hot rolled coils in the Middle East continued to fall

Sep-17-2021

According to foreign media reports, the assessed import price of Saudi hot rolled coil was 950-980 US dollars / ton (CFR) on September 14 and 950-1010 US dollars / ton (CFR) on September 7 last week.According to the Saudi market news, the mainstream expor

BBN medium and heavy plates assist the construction of a seaside football stadium

BBN medium and heavy plates assist the construction of a seaside football stadium

Aug-27-2021

BBN steel has supplied most of the medium and heavy plates required for the construction of the football field, and BBN high-level construction steel once again plays a major role in significant engineering projects.In order to ensure the safety and seism

The export price of CIS hot rolled coil fell slightly

The export price of CIS hot rolled coil fell slightly

Aug-20-2021

According to foreign media reports, on August 16, the estimated export price of the CIS hot rolled coil was US $915-920 / ton (FOB, Black Sea), with a slight decrease of US $5 / ton on a weekly basis.According to the CIS market news, the mainstream export

Nordic hot rolled coil prices remained stable

Nordic hot rolled coil prices remained stable

Aug-13-2021

On August 11, the ex factory evaluation price of Nordic hot rolled steel coil was US $1335 / ton, down US $10 / ton from last week.Due to the traditional summer break and the seasonal slowdown in demand, the European market was relatively calm this month.

China adjusted the export tax policy of iron and steel products for the second time this year

China adjusted the export tax policy of iron and steel products for the second time this year

Aug-05-2021

From August 1, China appropriately raised the export tariffs of ferrochrome and high-purity pig iron, and implemented the export tax rates of 40% and 20% respectively after adjustment. At the same time, China has also cancelled export tax rebates for 23 k

Light steel framing expands Africa’s largest hospital in record time

Light steel framing expands Africa’s largest hospital in record time

Jul-08-2021

In response to the surge in hospitalisations as a result of the Covid crisis, Enza Construction was commissioned to design and build the sorely needed facility in July 2020. This new wing, called the Bara500 unit, was an expansion to the Chris Hani Baragw

Brazilian steel prices continue to rise in 2021

Brazilian steel prices continue to rise in 2021

Jun-24-2021

Brazilian steel demand has exceeded supply since mid-2020, consistent with complaints from buyers about the difficulties in steel delivery since the second half of last year, according to the Brazilian Steel Association. In March, the apparent consumption

China's 2200 MPa super steel is coming

China's 2200 MPa super steel is coming

Jun-16-2021

In recent years, with the continuous development of China's military technology, China has made rapid progress in scientific manufacturing. Not only has it developed many advanced ships, but it has also brought China's shipbuilding industr

Britain makes final decision on Safeguard Measures for imported steel products

Britain makes final decision on Safeguard Measures for imported steel products

Jun-07-2021

On May 21, 2021, the WTO Committee on safeguards issued a notification on safeguards submitted to it by the British delegation. The Trade Remedy Investigation Bureau (trid) of the Department of International Trade of the United Kingdom made a final decisi

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