After the adjustment, Shagang is now paying domestic scrap suppliers Yuan 2,770-2,820/t for HMS grade scrap including the delivery and the 13% VAT.Shagang’s price cut was immediately reflected in Zhangjiagang’s spot market for scrap wher...
China's steel exports declined 4.4% on year to just below 45million tonnes for January-August. A detailed report will be posted soon....
China's iron ore imports declined 2.4% on year to about 784 million tonnes for January-September. A detailed report will be posted soon....
The fire broke out on a belt conveyer at Xinghua Steel’s sintering plant at 3:30 in the morning, according to the post. The operational status of the steelmaker remains unknown. Mysteel’s calls to the steel mill late Thursday went unansw...
This came as little surprise, as for August alone, the country’s steel exports decreased 14.8% on year or down 10.1% from the previous month to some 5 million tonnes, which Chinese market sources attributed to a few factors including the l...
China’s imports of coal and ligniteincreased 9.5% on year to 250.6 million tonnes over January-September. Adetailed report will be posted....
China's October steel PMI hit a 46-month low of 41.3, down 2.9 basis points on month. A detailed report will be posted soon....
China's fixed asset investment in general grew 5.5% on year to Yuan 40.1trillion ($5.6trillion) for January-August, among which the funding in the property market went up 10.5% on year to Yuan 8.5trillion during the period. A detailed story...
Production summarySource: Rio Tinto, released on October 16...
China's steel exports declined 5.8% on yearto about 55 million tonnes for January-October. A detailed report willbe posted soon....
