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India's steel imports are expected to reach 5 million tons in 2023-24

India's steel imports are expected to reach 5 million tons in 2023-24

Jul-28-2023

For the current fiscal year starting from April 1st, it is expected that India's steel product imports will be around 5 million tons, mainly flat steel products. Government data shows that this will be approximately 1 million tons lower than the p

China's steel imports decreased by 19000 tons in June compared to the previous month

China's steel imports decreased by 19000 tons in June compared to the previous month

Jul-28-2023

According to the China Iron and Steel Association on July 27, China imported 612000 tons of steel in June, down 19000 tons month on month and 179000 tons year on year; The average import unit price was 1661.4 US dollars per ton, a decrease of 4.4% month o

South Korea's steel exports to Singapore are expected to grow by approximately 20% annually

South Korea's steel exports to Singapore are expected to grow by approximately 20% annually

Jul-11-2023

On June 21st, the Structural Steel Center of the Korea Steel Association announced that the KS (Korea Standards) Korean standards have been incorporated into the Singapore First Class Building and Construction Guidelines (BC1). The KS Korean standard cove

Cambodia's "steel demand" is expected to continue to grow

Cambodia's "steel demand" is expected to continue to grow

Jul-11-2023

The General Administration of Customs of Cambodia recently released a report that in the first four months of this year, the total amount of steel imports in Cambodia reached 129.04 million US dollars, accounting for 1.63% of the total import amount in Ca

Iranian steel producers will once again face power restrictions

Iranian steel producers will once again face power restrictions

Jun-27-2023

The upcoming summer will once again face power rationing issues for Iranian steel manufacturers. However, the expected power outages this year and their negative impact on steel production are slightly better than before, and the Iranian government has pr

Can steel prices continue to rise in the second half of June

Can steel prices continue to rise in the second half of June

Jun-27-2023

In the short term, the traditional off-season for steel demand in June is weak, and there is little hope for improvement in real estate and infrastructure investment in the short term. However, positive factors at the macro level have boosted the overall

Malaysia may change from a net importer of steel to a Balance of trade

Malaysia may change from a net importer of steel to a Balance of trade

Jun-15-2023

Since Malaysia joined the "the Belt and Road" initiative, Chinese enterprises, with the assistance of the Malaysian government, have actively built blast furnace converter steel plants in Malaysia. According to the crude steel output data in 202

Korea's steel demand is expected to grow by 2.9% in 2023

Korea's steel demand is expected to grow by 2.9% in 2023

Jun-15-2023

Recently, the World Steel Association released the latest short-term (2023-2024) steel demand forecast report. The report shows that South Korean steel demand is expected to grow by 2.9% in 2023.It is understood that in 2022, factors such as reduced inves

The stock situation of heavy steel plate on May 2023

The stock situation of heavy steel plate on May 2023

May-26-2023

As of May 2023, the stock situation of heavy steel plate is heavily influenced by global demand and supply.There has been a surge in demand for heavy steel plate due to increasing infrastructure projects and construction activities in various parts of the

The steel industry has been making headlines recently

The steel industry has been making headlines recently

May-19-2023

The steel industry has been making headlines recently due to a surge in demand and rising prices. The COVID-19 pandemic disrupted supply chains and hampered production, leading to shortages and higher prices. Additionally, the global push for sustainable

Challenges faced by the steel industry

Challenges faced by the steel industry

May-19-2023

Steel prices have continued to rise due to strong demand from construction and manufacturing industries. This surge in demand has been driven by government stimulus packages and infrastructure spending in key markets such as China and the United States.In

The steel demand and supply at present

The steel demand and supply at present

Apr-27-2023

The steel industry is currently experiencing a dynamic demand and supply situation. On the demand side, the recovery of the global economy has led to increased demand for steel from various sectors such as construction, automotive, and machinery. As the g

Global steel demand is expected to rebound by 2.3% in 2023

Global steel demand is expected to rebound by 2.3% in 2023

Apr-21-2023

The World Iron and Steel Association released the latest short-term (2023-2024) steel demand forecast report on April 18th. The report shows that global steel demand will rebound by 2.3% in 2023, reaching 1822.3 million tons. In 2024, global steel demand

Cooperation between China and Russia benefits the development of the steel industry

Cooperation between China and Russia benefits the development of the steel industry

Apr-14-2023

On March 21st, the heads of China and Russia held a meeting and signed cooperation agreements for over 80 major projects, with a total amount of over 165 billion US dollars (approximately 1.1 trillion yuan at the latest exchange rate). On March 21st, the

Steel production profits are expected to slightly rebound in April

Steel production profits are expected to slightly rebound in April

Apr-06-2023

Looking back at the general steel market in March, as terminal enterprises accelerate the resumption of work and production, steel demand gradually recovers. At the same time, steel mills accelerate the resumption of production, and steel production conti

Will short-term steel prices maintain a volatile trend

Will short-term steel prices maintain a volatile trend

Mar-17-2023

Overall, with the improvement of the recovery speed of the manufacturing industry and the rapid recovery of construction activities, the overall steel consumption performance exceeded expectations, greatly improving market confidence. With the gradual ope

Steel price forecast

Steel price forecast

Mar-17-2023

There are certain contradictions in the current market. This is reflected in the fact that steel mills are still actively pushing up prices and looking forward to the future market, as well as the imbalance between resource regions and the shortage of res

The steel market will usher in a staged rebound in 2023

The steel market will usher in a staged rebound in 2023

Mar-11-2023

Benefiting from the solid foundation laid by the industrial restructuring, transformation and upgrading that has been continuously promoted over the years, the development of the steel industry has withstood the full impact of the epidemic in 2022, overco

Supply and demand of steel market is expected to remain stable in 2023

Supply and demand of steel market is expected to remain stable in 2023

Feb-24-2023

In 2022, in the face of such difficulties as the weakening of downstream demand, the decline of steel prices, and the rise of raw and fuel costs, the iron and steel industry made great efforts to reduce costs and increase efficiency, strictly control oper

Ukraine's steel production may increase significantly in 2023

Ukraine's steel production may increase significantly in 2023

Jan-14-2023

Recently, the Ukrainian Renewable Metals Association said that in 2022, Ukraine's annual steel production will reach 6.5 million tons, down 69.5% year on year; The purchase volume of scrap steel will reach 930000 tons, down 77.5% year on year. In

Export of various steel pipe varieties in China

Export of various steel pipe varieties in China

Dec-23-2022

In November, China's export of welded pipeline pipes was 45300 tons, a month on month decrease of 24700 tons, and the rate of decline was accelerated, and the proportion in the total export continued to decline to 14.94%; From January to November,

Sunset review on anti-dumping and countervailing of stainless steel coils

Sunset review on anti-dumping and countervailing of stainless steel coils

Dec-16-2022

The US Department of Commerce recently announced the final decision on the accelerated sunset review of anti-dumping and countervailing duties on South Korean stainless steel coils. If the submitted sunset review application materials are insufficient, th

Year on year growth of China's steel exports from January to November 2022

Year on year growth of China's steel exports from January to November 2022

Dec-09-2022

From January to November 2022, China exported 61.948 million tons of steel, up 0.4% year on year.According to the data of the General Administration of Customs on December 7, China exported 5.59 million tons of steel in November 2022, an increase of 406,0

Forecast of China's domestic steel market in December

Forecast of China's domestic steel market in December

Dec-03-2022

From the perspective of foreign environment, the global economy is still facing serious inflation and economic recession risks, monetary policy continues to tighten, global manufacturing PMI continues to decline, the weakening trend of external demand con

China's steel pipe exports are expected to fall slightly in November

China's steel pipe exports are expected to fall slightly in November

Nov-25-2022

The COVID-19 continues or even worsens, the global economic growth slowdown, poverty intensification and other issues remain prominent, the world economic recovery still faces many difficulties, the US interest rate hike is still continuing, the probabili

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