Tag Archives: Chinese steel industry
Turkish crude steel output maintained its downward trend in January due to unfavorable conditions in international markets and reduced competitiveness of domestic producers, according to the Turkish Iron and Steel Producers’ Association (TCUD). In the given month, Turkey’s crude steel output decreased by 10.4 percent year on year to 2.58 million mt. In January , […]
When Mario Longhi took the helm of US Steel in 2013, his vision for the company—which was once the largest steel producer in the world—involved modernizing, streamlining, and most significantly, downsizing. Plant closures and layoffs have defined Longhi’s tenure, with four facility shut-downs announced this month alone. But aside from the temporary idling of two […]
In December this year, import iron ore prices in China indicated an overall declining trend amid some fluctuations, due to sluggish demand in the traditional off-season for business and weak finished steel prices. It is expected that import iron ore prices will continue to follow a downtrend in the coming period in line with colder winter weather conditions and the approach of […]
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, […]
Rumors have continued to prevail in the market that China is about to remove its export tax rebate for boron-added steel products. Insiders have said that the official report on the removal of the export tax rebate in question was drafted some time ago, and that it has been taken into consideration again in recent […]
Northern China have been suffering from smog weather this year, arousing government’s attention to environment protection issue. Thus, governments have issued notice to curbing environment pollution by emissions of vehicles and heavy-polluted enterprises.