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Top Chinese steelmaking city to halve mills by 2020, Those who fail to meet environmental and efficiency standards will be shut, and also those that cannot convert from road transport to rail by 2020.
China stainless steel capacity to reach 45 mln tpy by 2020
China plans to reduce tariffs on more than 8,500 goods, including chemicals, farm products and metals from India and some other Asian countries
New customs policy unsettles Chinese steel exporters, Some traders in the market think the policy will restrict export business, while other traders consider that the new controls can be managed.
Surging steel prices are ‘self-defeating’, Steel prices have rallied 38% since the US Commerce Department launched a Section 232 investigation that led to hefty import taxes on the metal last year.
The growth momentum of the global steel industry will be sustained, During an economic upturn, steel demand accelerates much faster than GDP, overshooting GDP growth
China’s steel output surged to a record in May as mills ramped up production to chase fat profit margins, with a strong outlook for demand likely to keep mills running at nearly full capacity for the rest of the year.
China steel capacity to be brought below 1 bln T by 2025, China will shut down more outdated steel plants and bring total capacity to less than 1 billion tonnes by 2025
Steel spurs productivity improvements in construction, This is wrong on so many counts from the recyclability of steel and its environmental benefits to the flexibility of design and ease of use.
The future of global scrap availability, global ferrous scrap availability stood at about 750 Mt in 2017, 630 Mt of which was recycled by the global steel and foundry casting industries.
Focus on precision parts manufacturers