China Watch RSS

  • China’s steel market sentiment sinks Feb 20, 2014

    Sentiment weakened in China’s steel market after activity in the country’s manufacturing sector dropped to its lowest level in seven months, according to preliminary data released Feb. 20 by HSBC Holdings Plc’s China purchasing managers’ index (PMI).

  • Factory data underlies weak Chinese copper market Feb 20, 2014

    China’s physical copper market remains weak and robust import figures are obscuring a slowdown in real business activity, market participants said.

  • China needs to raise its zinc concentrate output: analyst Feb 19, 2014

    China’s zinc mines need to produce an additional 400,000 tonnes from now until 2018 if they are to meet domestic demand growth, according to Chris Parker, an analyst at consultancy Wood Mackenzie Ltd.

  • Chinese wire rod exporters pull back offers Feb 18, 2014

    Chinese wire rod exporters have pulled back on offers to the United States for February over fears that retroactive duties could be applied to imports of Chinese material, market sources told AMM.

  • China to account for nearly half of zinc demand Feb 18, 2014

    Global zinc demand will reach 14.09 million tonnes this year and rise to 14.78 million tonnes in 2015, an executive at a subsidiary of Korea Zinc Co. Ltd. said.

  • Credit crunch seen restraining China's steel supply in 2014 Feb 14, 2014

    Tighter credit conditions and more disciplined pricing in China could help steel markets outside China this year by keeping Chinese oversupply in check, according to Jo-Chi Tsou, chairman of Taiwan’s China Steel Corp.

  • China’s daily crude steel output falls in late Jan. Feb 13, 2014

    China’s daily crude steel output fell in late January before the weeklong Chinese New Year holiday.

  • Wisco mill upgrade targets high-strength steel Feb 13, 2014

    Central China’s Wuhan Iron & Steel (Group) Corp. (Wisco) is modernizing the coiler in its No. 2 hot strip mill to expand its range of high-strength steel products.

  • New port rules still hurdle for VLOCs Feb 13, 2014

    New port regulations on berthing released Feb. 11 by China’s Ministry of Transport continue to pose a setback for larger vessels like very large ore carriers (VLOCs).

  • China’s copper imports hit all-time record in January Feb 12, 2014

    China’s copper imports hit a record high in January as buyers expedited shipments ahead of the Chinese New Year holiday.

  • Trade case to impact China wire rod: Irepas Feb 11, 2014

    U.S. wire rod producers’ anti-dumping action against wire rod imports from China will force Chinese wire rod exporters to find a new home for their material, according to a short-range outlook by the International Rebar Exporters and Producers Association (Irepas).

  • Fixed-asset investments still driving economy, but not sustainable Feb 07, 2014

    The correlation between China’s growth in gross domestic product (GDP) and steel production suggests that investments, especially fixed-asset investments, still play a large role in the country’s economy. But this investment-driven economy isn’t sustainable.

  • China holiday steadies wire rod import prices Feb 06, 2014

    Wire rod import prices to the United States remain unchanged due to the Chinese New Year holiday, which has kept mill and trader sources out of the market.

  • Chinese steelmakers’ profits squeezed Feb 03, 2014

    China’s steel industry struggled against overcapacity and weak product prices during 2013.

  • US trade case filed against China wire rod Jan 31, 2014

    A long-awaited trade case has been filed by a coalition of U.S. wire rod producers against imports of carbon and certain alloy steel wire rod from China.

  • China PMI falls, clouding post-holiday outlook Jan 30, 2014

    China’s manufacturing sector slowed further in January, with HSBC Holdings Plc’s China purchasing managers’ index (PMI) falling below the crucial threshold of 50 points.

  • China sizes up threat of US wire rod dumping case Jan 28, 2014

    Chinese steel exporters are closely monitoring a potential trade case situation in the United States, which could see wire rod imported from the Asian country subject to an anti-dumping tax, market participants told AMM sister publication Steel First.

  • China's daily crude steel output up again in mid-Jan. Jan 28, 2014

    China’s daily crude steel output rose again in mid-January, even as demand remained weak in a depressed market.

  • SHFE's hot-rolled coil futures contract OK'd Jan 27, 2014

    Chinese regulators have approved the Shanghai Futures Exchange’s (SHFE’s) hot-rolled coil futures contract.

  • Wire rod prices up on steady demand Jan 24, 2014

    U.S. wire rod transaction prices increased this past week due in part to steady demand, according to market sources.

  • Zorba export prices flat despite twitch spikes Jan 24, 2014

    Weak international demand for zorba, a nonferrous auto shred, has prevented possible price increases for the grade, despite recent spikes in the domestic price of twitch, a high-grade nonferrous auto shred.

  • NDRC to ease approval for Chinese overseas mining investment Jan 24, 2014

    China’s National Development and Reform Commission (NDRC), the country’s economic regulator, is simplifying its approval process for Chinese companies seeking to invest abroad.

  • China drives up 2013 crude steel output Jan 24, 2014

    Global crude steel production rose 3.5 percent last year compared with 2012 as China, the world’s largest steel producer, posted a 7.5-percent gain to more than 779 million tonnes, according to data released by the World Steel Association Jan. 23.

  • China sees refined copper output climb 7.1% in Dec. Jan 23, 2014

    China’s refined copper output rose 7.1 percent year on year in December amid solid demand following healthy treatment and refining charges (TC/RCs).

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