Sinounion Industries

China Jan-Apr iron ore imports up 5.4 % on year

China, as the world’s largest iron ore consumer, saw its iron ore imports increase by 5.4% on year to about 358.4 million tonnes over January-April, according to the latest statistics released by the country's General Administration of Customs on May 7.

2020-05-14

China's Q1 crude steel output up 1.2% on year

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China’s crude steel output maintained the uptrend in the first quarter of 2020, gaining 1.2% on year to 234.5 million tonnes, though the pace slowed down from the 3.1% on-year growth over January-February with less output in March, according to the latest

2020-04-22

China's Shagang cuts scrap buying prices 5th time in Apr

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Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, has been busy trimming its scrap procurement price starting April almost daily, and the latest cut of another Yuan 50/tonne ($7.1/t) on April 7, or for the fifth time so far t

2020-04-08

China to continue scrapping excess coal capacity in 2020

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China will continue removing excess and inefficient coal capacity nationwide during 2020, Mysteel Global has learned. Though no detailed capacity task has been released by Beijing yet, some of the country’s leading coal mining provinces and regions have a

2020-04-01

China’s steel market welcomes tax rebates increase

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Chinese steel market participants welcomed Beijing’s Thursday announcement that tax rebates on certain export products including many steel and steel-related products will be raised from March 20, according to opinions canvased by Mysteel Global on Wednes

2020-03-26

DAILY: China rebar price hits 33-m low, sales improve

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China’s national average price for HRB400 20mm dia rebar slipped to a 33-month low of Yuan 3,708/tonne ($531/t) including the 13% VAT as of February 17, down another Yuan 22/t from last Friday, and the domestic steel market had in general been in a lull.

2020-02-18

China's Jan-Apr crude steel output up 10.1% on year

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China’s crude steel output rose at a fast pace of 10.1% on year over January-April to reach some 315 million tonnes, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on May 15.
The growth in production was

2019-05-22