Tag Archives: Chinese steel demand
China’s Ministry of Finance issued its customs duties implementation plan for 2015 on December 17, with the duties in question to become effective as of January 1, 2015. Accordingly, China’s export tariffs for pig iron, semi-finished steel, and rebar and wire rod will remain unchanged in 2015, at 25 percent, 25 percent, and 15 percent, […]
During a summer scorched with scandal and tragedy and warfare around the world and within US borders, nary a word was shouted amongst pundits or spread across the Internet about one once-fashionable topic: the economy. No laments about skewed unemployment numbers, no vigorous defenses of the autonomy of alleged job creators, no calls for financial […]
By Eunice Ouyang Editor, SteelOrbis China The Entry-Exit Inspection and Quarantine Bureau of China’s Hebei Province announced on Aug 14 that the largest steelmaking province in China, Hebei province imported 9.63 million mt iron ore in July, up 23.15% year on year, up 28.42% on monthly basis, which hit the record new high of imported […]
The Financial Times reported last week that China had warned its banks of rampant illicit borrowing by steel companies, a development that underscores the financial dangers for the country as the government mulls a new stimulus effort to support the slowing economy.