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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

Production review and Prospect of steel industry in EU

Production review and Prospect of steel industry in EU

Jun-04-2021

In the second quarter report of economic and steel market outlook 2021-2022 recently released by European Steel Association, the production situation of EU steel industry in the fourth quarter and the whole year of 2020 was reviewed in detail. In the four

China Iron and Steel Association issued a self-discipline proposal for the steel industry

China Iron and Steel Association issued a self-discipline proposal for the steel industry

May-27-2021

According to news from the China Iron and Steel Association on May 26, the steel market has been volatile since the beginning of this year, especially since May 1st, which has shown a trend of ups and downs, which has a greater impact on the production an

The year-on-year growth rate of the industrial added value of the automobile manufacturing industry

The year-on-year growth rate of the industrial added value of the automobile manufacturing industry

May-19-2021

According to data released by the National Bureau of Statistics, in April, the industrial added value of the automobile manufacturing industry increased by 7.7% year-on-year, and the growth rate dropped by 32.7 percentage points from the previous month, w

China construction steel prices rose sharply

China construction steel prices rose sharply

May-13-2021

This week (2021.4.30-2021.5.8), the China construction steel prices rose sharply. On the whole, all areas of the thread have shown a substantial increase, and the increase in each area is 320-580 yuan/ton. The wire rod is still slightly stronger than the

The operation of the steel industry in China from January to March 2021

The operation of the steel industry in China from January to March 2021

May-12-2021

Iron and steel output has grown rapidly. According to the National Bureau of Statistics, the national output of pig iron, crude steel, and steel from January to March was 22.09 million tons, 271.04 million tons, and 329.4 million tons, respectively, up 8.

Japan's steel demand is expected to grow by 20.6% year on year in the second quarter

Japan's steel demand is expected to grow by 20.6% year on year in the second quarter

Apr-27-2021

With the novel coronavirus pneumonia epidemic weakened, the two quarter (the first quarter of this fiscal year) total demand for steel in Japan is expected to be 20 million 610 thousand tons, which will increase 20.6% over the same period last year, 17 mi

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