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Industry News

  • UK considers scrapping anti-dumping duties on Ukrainian steel products

    Comprehensive foreign media news on June 25, 2022, a London trade body said on Friday that due to the Russian-Ukrainian conflict, the United Kingdom is considering scrapping anti-dumping duties on some Ukrainian steel products. Tariffs on hot-rolled flat and coil steel may be lifted for up to nin...
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  • In 2021, the world’s stainless steel production will be 58.3 million tons, and China’s production will account for 56%

    In 2021, the world’s stainless steel production will be 58.3 million tons, and China’s production will account for 56%

    In 2021, the world’s stainless steel production will be 58.3 million tons, and China’s production will account for 56% On June 14, the World Stainless Steel Association released the “Stainless Steel Data 2022″ journal, which introduced a series of statistical data of the w...
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  • World Steel Association: World steel demand to grow by 0.4% in 2022

    World Steel Association: World steel demand to grow by 0.4% in 2022

    On June 7, the World Steel Association released the “World Steel Statistics 2022″, which introduced the overall development of the steel industry through major indicators such as steel production, apparent steel consumption, global steel trade, iron ore, production and trade. . We rec...
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  • Russia-Ukraine conflict plunges Europe into steel shortage

    Russia-Ukraine conflict plunges Europe into steel shortage

    According to the British “Financial Times” website reported on May 14, before the Russian-Ukrainian conflict, Mariupol’s Azov steel plant was a large exporter, and its steel was used in landmark buildings such as the Shard in London. Today, the massive industrial complex, which ...
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  • The next ten years will be a critical period for China’s steel industry to transform from big to strong

    The next ten years will be a critical period for China’s steel industry to transform from big to strong

    Judging from the data in April, my country’s steel production is recovering, which is better than the data in the first quarter. Although steel production has been affected by the epidemic, in absolute terms, China’s steel production has always occupied the first place in the world. L...
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  • How does the Fed’s interest rate hike and shrink the table affect the steel market?

    How does the Fed’s interest rate hike and shrink the table affect the steel market?

    important events On May 5, the Federal Reserve announced a 50 basis point rate hike, the largest rate hike since 2000. At the same time, it announced plans to shrink its $8.9 trillion balance sheet, which began on June 1 at a monthly pace of $47.5 billion, and gradually increased the cap to $95 b...
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  • Is the European Steel Crisis Coming?

    Is the European Steel Crisis Coming?

    Europe has been busy lately. They have been overwhelmed by the multiple supply shocks of oil, natural gas and food that follow, but now they are faced with the looming steel crisis.   Steel is the foundation of modern economy. From washing machines and automobiles to railways and skyscrapers, all...
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  • Global energy prices soar, many European steel mills announce shutdowns

    Global energy prices soar, many European steel mills announce shutdowns

    Recently, rising energy prices have hit European manufacturing industries. Many paper mills and steel mills have recently announced production cuts or shutdowns.   The sharp rise in electricity costs is a growing concern for the energy-intensive steel industry. One of the first plants in Germany,...
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  • Steel industry export orders have rebounded

    Steel industry export orders have rebounded

    Since 2022, the global steel market has been fluctuating and differentiated as a whole. The North American market has accelerated downward, and the Asian market has risen. The export quotations of steel products in related countries have risen significantly, while the price increase in my country...
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  • The European Steel Market Shocked and Divided in March

    The European Steel Market Shocked and Divided in March

    In February, the European flat products market fluctuated and differentiated, and the prices of main varieties rose and fell. The price of hot-rolled coil in EU steel mills rose by US$35 to US$1,085 compared with the end of January (ton price, the same below), the price of cold-rolled coil remain...
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  • EU imposes provisional AD duty on stainless CRC imports from India and Indonesia

    EU imposes provisional AD duty on stainless CRC imports from India and Indonesia

    The European Commission has published provisional antidumping duties (AD) on imports of stainless steel cold rolled flat products from India and Indonesia. The provisional antidumping duty rates range between 13.6 percent and 34.6 percent for India and between 19.9 percent and 20.2 percent for In...
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  • New regulations on foreign trade in September

    New regulations on foreign trade in September

    1. The new format of the Certificate of Origin of China – Switzerland will be implemented on September 1 According to Announcement No. 49 of the General Administration of Customs on adjusting the format of certificate of origin under China Switzerland free trade agreement (2021), China and Switz...
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