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Hebei Steel group announces its wire rod guidance prices for in mid-March 2016

Hebei Iron and Steel Group has announced its wire rod guidance prices for mid-March 2016, the prices based on early March list. After adjustment, those for harden wire rod with diameter 6.5mm prices are at RMB2,650/ton; the 82B wire rod with diameter of 6....

Tuesday, March 29, 2016

Chinese steel exports cut will benefit to global steel industry

According to Noble Group, the tycoon of commodity trading company, pointed out that Chinese steel export is expected to decline after steel price goes up. It’s because Chinese practitioners may be more interested in doing business with the domestic steel mill...

Tuesday, March 29, 2016

China's HR steel prices rise further

In this week, China steel mills continues to cut the production output, along with decreasing stock levels, which forces steel prices are likely to upward trend. Those for HR coil, Q235, with thickness of 3-10 mm spot prices are at RMB2350-2450/ton; for HR ...

Tuesday, March 29, 2016

United States to start anti-dumping and countervailing investigations on China's stainless steel plate

On March 4, 2016, the United States Department of Commerce has announced to start anti-dumping and countervailing investigations on China's stainless steel plate Imports from China. The applications have filed by AK Steel Corporation and the Allegheny Lud...

Tuesday, March 29, 2016

USITC determines on Chinese stainless steel imports caused injury to domestic industry

According to United States International Trade Commission (USITC) announced on preliminary decided that China's imports of stainless steel sheet and strip products caused material injury to the industry, which means that the ministry of commerce will continue ...

Tuesday, March 29, 2016

Taiwan's Quintain Steel to keep April prices unchanged

Taiwanese steel wire maker, Quintain Steel Co., Ltd, announced to hold its domestic wire rod price unchanged for April in response to downstream demand rebound along with prices have been increased in Feb-Mar. Although, Quintain Steel announced to keep Apri...

Tuesday, March 29, 2016

Pakistan to impose 30% tariffs on imports of steel from China, Ukraine

According to Pakistan Ministry of Finance announced, Pakistan decided to increase tariffs from 15% to 30% on imports of steel products from China and Ukraine. During the during 2014-15 fiscal year, Pakistan steel imports amounted 3.246 billion, including ir...

Tuesday, March 29, 2016

ArcelorMittal announces to sell two United States factories

According to ArcelorMittal announced that the company has reached a final deal with Black Diamond capital management subsidiary, selling its United States of LaPlace and Long Carbon factory. Both parties didn’t reveal any details. The LaPlace factory in Lo...

Tuesday, March 29, 2016
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