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China's mill closures are hurting iron ore and steel prices

11:00 (UTC), 11 July 2022 Iron ore and steel have been some of the hardest hit commodities in China, due to muted demand and mill closures – Photo: Shutterstock …


China's iron ore imports to rise in 2023 for first time in 3 …

China's iron ore imports in the first half of 2023 hit a record high for the period at 576.14 million metric tons, 7.7% higher than a year ago, customs data showed. It could raise concerns for ...


UPDATE 2-China's May iron ore imports up 4% y/y on …

China's exports of steel products in May rose 7.7% from the previous year to 8.36 million tonnes, the highest since September 2016, the customs data showed. It was also higher than the 7.93 ...


Mills End

China Mills End manufacturers - Select 2023 high quality Mills End products in best price from certified Chinese End Lines, Metal End suppliers, wholesalers and factory on Made-in-China


Chinese Steel Investments in ASEAN

Hebei Iron and Steel Philippines 8.0 LP Panhua Group Philippines 10.0 FP Kunming Iron and Steel Myanmar 4.0 FP Total 50.1 F.P. and L.P. Notes" n.a.: not available; there is no proposed investment from China in Vietnam. Source: Zhang et.al., 2019 and Southeast Asia Iron & Steel Institute (SEAISI, unpublished data).


China's steel output retreats in mid-Sep, but decline …

Steel output. China's daily pig iron and crude steel output for Sept. 11-20 decreased by 0.2% and 1.1% from early September to 2.439 million mt and 2.779 million …


Qatar Steel Company | Industries Qatar Q.P.S.C

Qatar Petroleum to acquire Yara's 25% stake in Qatar Fertilizer Company (P.S.C) Industries Qatar announces net profit of QR 2.6 billion for the year ended 31 December 2019. Industries Qatar records QR 2.0 billion net profit for the first nine months of 2019. IQ posts net profit of QR 1.5 billion for the first half of 2019.


Chinese steel export boom set to fade on weaker global …

Spot prices of HRB400E 20mm rebar in Shanghai have fallen 4.7% since March to 4,019 yuan a tonne as of April 17, according to Mysteel data, and mills are losing about 124 yuan per tonne of steel ...


Asian Steel Mills Stare At Tough Q2 On Slowing China …

"China's real estate, automotive and appliances sectors are weak, but mills continue to increase steel output," a Chinese mill source said. The country's March daily crude steel output rose 4.4% from February, data from China Iron & Steel Association showed. "As long as mills have profits, they won't voluntarily cut production," a Chinese ...


China's steel exports up 53.2 percent in Q1 as local

In March alone, China 's finished steel exports reached 7.89 million mt, surging by 59.7 percent year on year. Most major mills were interested in exports in the first quarter due to lower-than-expected local demand and higher prices overseas. It is expected that export shipments will remain steady in the second quarter too, given the ...


Domestic Steel Manufacturing: Overview and Prospects

Domestic Steel Manufacturing: Overview and Prospects Congressional Research Service 3 melted and poured in the United States.5 Since 2021, federal law has extended the melted and poured requirement for iron and steel to more types of federally funded infrastructure projects.6 Consequently, steel mill products made by slab …


Trade analysis: China's steel and iron exports | S&P Global

IHS Markit predicts global exports of iron and steel to reach 551,765,252.6 metric tons in 2020 and thus to increase by 1.9% y/y with Chinese exports predicted to reach 89,267,324 metric tons which represents an increase of 2.2% y/y (above of the world average). The actual figure will to a large extent depend on the rate of growth of the …


FOCUS: What China's possible new steel export taxes …

Fastmarkets' steel hot-rolled coil index export, fob main port China has been on a meteoric rise this year, peaking at $1,062.37 per tonne on May 12, compared with an intra-year low of $639.53 per tonne on January 20. It stands at $952.08 per tonne as of Friday May 21. "Some of my customers are concerned about whether the export duty will ...


Trade analysis: China's steel and iron exports | S&P …

Key points: Global exports of iron and steel amounted to 541,429,984 metric tons in 2019. It was 553,802,285 metric tons in 2016 which represents a …


Trade analysis: China's steel and iron exports

• China is by far the largest exporter of iron and steel in 2019 having exported 87.3 million metric tons which equals approximately 15.8 % of global exports; it represents a 29.5% decrease from ...


2021 World Steel in Figures

World steel exports by product, 2016 to 2020 World trade in steel by area, 2020 Major importers and exporters of steel, 2020 ... 43.76 28 China Steel Corporation 14.11 4 Shagang Group 41.59 29 CITIC Pacific 14.09 ... Includes tonnage of Serbia Iron & Steel d.o.o. Beograd and MAKSTIL A.D. in Macedonia (4)Includes Nippon Steel Stainless …


TRADE REVIEW: Asian steel mills stare at tough Q2 …

"China's steel market in the April-June quarter looks set to be weaker than widely anticipated, due in large part to downstream demand not strong enough to absorb the high level of steel the country is …


Research on Optimization of Steel Foreign Trade Financial

For many years, China’s steel exports have been winning with low prices. As the upstream iron ore price rises, the profit margin is compressed while many problems are exposed. The author has constructed a SWOT-AHP model for the cross-border financial transaction link of steel foreign trade and analyze the main factors …


Brazil Exports Report

Steel Exports Report: Brazil Export Volume, Value, and Product The volume of Brazil's steel exports reached a peak in 2017 at 15.3 million metric tons. In 2018, exports decreased 9 percent from 2017 to 13.9 million metric tons. The value of Brazil's steel exports, however, increased by 10 percent in 2018 to $8.8 billion from $8.0 billion in ...


Top 10 Steel Producing Countries in the World

To this end, the country currently stands at number four on the leading steel exporters list, with more than 27 million tons of steel to countries such as Japan, China, and India. 7. Turkey - 40.4 million metric tons. A view from the production process at Eregli Iron and Steel factory in Eregli, Zonguldak, Turkey.


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U.S. and Global Iron and Steel Industries

The United States accounted for 4.5 percent of world pig iron production and 8.0 percent of raw steel during 2006. While U.S. output of pig iron increased 5.6 percent from 2005 to 2006, raw steel production rose a meager 1.6 percent. Russia was also a major player in world steel, with the third highest pig iron and fourth highest raw steel ...


Global steel prices outlook outside of China will step down …

We forecast global steel consumption to be down 60-65 Mt in 2022. In 2023 we expect steel consumption outside China to outpace the (managed) decline in China by 25-35 Mt, mostly due to dynamic growth in India, Southeast Asia, and the US. There has been a swift supply side response to align production to falling demand, particularly in …


Chinese steel export boom set to fade on weaker …

A surge in Chinese steel exports in the first quarter of this year is set to fade in coming months, traders and analysts said, compounding the impact of weaker-than …


Steel industry in China

True steel use (TSU), which additionally takes into account the volume of net indirect trade and therefore comes close to the actual amount of steel products consumed in China, amounted to around ...


China Exports of Iron & Steel

China Exports of Iron & Steel. Exports of Iron & Steel in China decreased to 5332277.03 USD Thousand in September from 5534794.84 USD Thousand in August of 2023. Exports of Iron & Steel in China averaged 2523293.73 USD Thousand from 1996 until 2023, reaching an all time high of 9677839.83 USD Thousand in June of 2022 and a record low …


China Exports of Iron & Steel

China Exports of Iron & Steel Summary Download Exports of Iron & Steel in China decreased to 5332277.03 USD Thousand in September from 5534794.84 USD Thousand …


China robust steel exports in March unsustainable, …

China's total exports of semi-finished and finished steel in March reached the highest since June 2022, led by strong order bookings received in January-February. …


China's 2019 iron ore imports rise to second-highest ever

China's iron ore imports rose 0.47% in 2019 to hover just below their all-time annual peak, fueled by strong demand at steel mills and a second-half recovery in shipments from big miners after ...