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Shagang lifts scrap buying price by another $3-7/t

Tuesday’s price rise was Shagang’s third this month and took its total price increase since June 18 to Yuan 260-320/t, Mysteel Global understands. With the latest adjustment, Shagang is now paying Yuan 2,880-2910/t for domestically sourc...


FLASH: CHINA'S JAN-JUL STEEL OUTPUT UP 9% YOY

China's crude steel output grew 9% on year to 577 million tonnes over January-July, with the July volume up 5% on year to around 85 million tonnes. A detailed report will be posted soon....


FLASH: US TO PUT TAXES ON $300 BLN CHINA GOODS

U.S. President Donald Trump said on his latest twitter post on August 1 to put 10% duties on $300 billion Chinese goods on September 1. A detailed story with Chinese market comments will be posted later....


NBS: China’s Jan-Jul FAI up 5.7%, property up 10.6%

China’s FAI from the privately-owned sectors increased 5.4% on year to Yuan 21 trillion for the first seven months, or remaining the dominant contributor accounting for 60.3% of the total despite that the growth eased 0.3 percentage point...


Shagang slashes steel scrap buying price by $4.3/t

Tuesday’s price decrease was Shagang’s first since June 18, Mysteel Global understands. With the latest adjustment, Shagang is now paying Yuan 2,850-2,880/t for domestically sourced HMS 80:20 scrap in terms of delivery to the mill and in...


NBS: China’s Jan-Jul steel output up 9% on year

China’s daily crude steel output inJuly retreated from the all-time high in June, down 5.8% on month to about 2.75million tonnes/day, or a four -monthlow, as some major steel production bases went through restrictions last month. For July...


FLASH: CHINA’S JAN-JUL COAL IMPORTS UP 7%

China’s imports of coal and ligniteincreased 7% on year to 187.4 million tonnes over January-July, and the exportsof coke and semi-coke decreased 22.8% on year to 4.3 million tonnes. A detailedreport will be posted....


Shagang lifts scrap buying price by $7/t

Wednesday’s price rise was Shagang’s first after it slashed its scrap procurement price by a total of Yuan 160/t beginning August 6. With the latest adjustment, Shagang is now paying Yuan 2,770-2,820/t for HMS grade scrap in terms of del...


FLASH: CHINA’S JAN-JUL STEEL EXPORTS DIP 2.9%

China's steel exportsdeclined 2.9% on year to just below 40 million tonnes for January-July. Adetailed report will be posted soon....


BREAKING NEWS: China to tax $75 billion U.S. goods

Among the products included in the tariffs, 916 items will be imposed on a 10% tariff and 801 items a 5% tax starting September 1, and 912 items will be charged with a 10% tariff, and 2,449 items a 5% tax starting December 15.“TheU.S. deci...