Policies and News

England “Financial Times” reported on 14th July, China and Europe agreed to have a mutual agreement for China steel product, specially the steel line pipe, hot rolled steel coil and steel plate, steel profile etc. The agreement is to solve the “dumping steel” problem for China, get China steel market/China steel price a good position in Europe. […]

Bloomberg reported that Wilbur-Ross’s leading investment company will bet on Chinese steel industry. He will created a fund to invest Chinese steel industry. Include steel plates, pipeline pipes, and steel fittings and gas and oil pipes such as casing pipes, tubing pipes manufacturing. Even though this billionaire was working to cut off its relationship with this company, he lead the US Department of […]

Steel plate market starts to show improvement, there are types of steel plate price appear rebound, for example, carbon steel plate, API steel plate and other types steel plate. Domestic steel PMI (Purchase Management Index) index rose by 2.3% to 49.0 % from January. It has risen for three consecutive months to the highest point […]

SHANGHAI, Nov. 27 (SMM) – Output of stainless steel in China is expected to grow by around 8% in 2015, one senior analyst said at 2014 SMM China Metals Summit on Nov. 23-24 in Shanghai. “An 8% increase in stainless steel production seems reasonable due to slim profits and sensitivity to nickel prices in the […]

China cancelled export steel tax rebate for the Boron-Added products, the policy will affect 40% of the Chinese steel exports. From 1th, Jan, 2015, Chinese Ministry of Finance stated that China steel export tax rebate for the Boron-Added products have been cancelled. The boron-added steel products include flat and long steel products.(Hot rolled steel plate, […]

U.S. Department of Commerce cancel the Anti-Dumping Duty & Anti-Subsidy duty U.S. Department of Commerce States, there is no evidence shows that domestic Manufacturers for the Line pipe damaged or threaten from the Line pipe imported from China, U.S. will cancel the Anti-Dumping Duty and Anti-Subsidy duty.

South American crude steel output up 2.7% in Nov ’14 According to the recent data published by the World Steel Association, the crude steel production by South American countries increased during the month of November this year. The total monthly output climbed higher by 2.7% to 3.754 Million tonnes. The total crude steel production by […]