China Watch

  • China urged to adjust scrap policies Sep 04, 2014

    U.S. trade associations reached out to Chinese steel and scrap companies in a bid to encourage the world’s largest steel-producing nation to align its policies and practices with global standards.

  • China’s steel glut taking a toll: Cisa Sep 03, 2014

    China’s steel production overcapacity has resulted in low prices and profitability, according to the China Iron and Steel Association (Cisa).

  • China to tax certain steel imports July 31 Jul 24, 2014

    China’s Ministry of Finance will cancel tax protections for 78 imported steel products effective July 31, the China Iron and Steel Association (Cisa) said.

  • Benxi declines to help US in wire rod case Jul 21, 2014

    Chinese steelmaker Benxi Beiying Iron & Steel Group Co. Ltd. and its corporate affiliates have declined to provide additional information to the U.S. Commerce Department in a subsidy and dumping investigation of carbon steel wire rod imports.

  • Scrap won’t play major role in China until ’25: Vale exec Jun 20, 2014

    Vale SA does not see scrap playing a major role in China’s steelmaking industry until 2025, according to its top expert on ferrous markets.

  • Innovation, lower costs said key for steel Jun 18, 2014

    Steelmakers must tighten their belts and continue to innovate in order to stay ahead of the curve in what will remain an oversupplied market in the near term, top international steel executives and experts said during a panel discussion at the Steel Success Strategies XXIX conference.

  • China steel exports seen holding firm Jun 18, 2014

    Chinese steel exports will remain at high levels through the end of the decade, a leading industry researcher predicted at the Steel Success Strategies XXIX conference in New York.

  • Can’t find your metal? Just ask the genie of Qingdao Jun 12, 2014

    It’s an almost comical scene. A representative from a Western bank or the (supposed) owner of a cargo wanders around a busy port in China’s Shandong province.

  • China aluminum said pledged up to eight times Jun 12, 2014

    Around 400,000 tonnes of aluminum has been pledged in Qingdao Port’s Dagang subsidiary, but as little as an eighth of it might actually exist, people familiar with the matter estimate.

  • Decheng said focus of China probe Jun 12, 2014

    The probe into alleged fraud at the northeastern Chinese port of Qingdao is centered on metals trading company Decheng Mining, according to media reports.

  • China warehouse probe may help LME Jun 10, 2014

    An investigation into alleged fraud involving copper and aluminum at the Chinese port of Qingdao could be the trigger to push a network of London Metal Exchange warehouses across China back up the agenda.

  • Standard Bank examining metals financing in China Jun 06, 2014

    Standard Chartered Bank is reviewing its provision of metals financing to some companies in China amid a local investigation into alleged fraudulent documentation.

  • Bank investigating China port irregularities Jun 04, 2014

    Standard Bank Group has commenced investigations into potential irregularities regarding stocks of metal held in bonded warehouses at the Chinese port of Qingdao, a company spokesman said.

  • Qingdao iron ore shipments continue Jun 03, 2014

    Iron ore shipments from Qingdao in China have been largely unaffected by an investigation into metal trade finance irregularities at the port, sources told AMM sister publication Steel First June 3.

  • Metals financing under pressure due to probe Jun 03, 2014

    Western banks and commodities warehousing companies knee-deep in Chinese repurchase deals should be worried.

  • China’s ferrous scrap imports dip May 22, 2014

    China’s ferrous scrap imports declined 8.4 percent to 227,101 tonnes in April from 248,018 tonnes the previous month and were down 59.4 percent from a year earlier, according to Chinese customs data released May 22.

  • Chinese metal firms may have obtained US data May 20, 2014

    Some of China’s biggest metal firms, as well as a Chinese nuclear power company, may have gained access to confidential information both from competitors and joint-venture partners in the United States that allegedly was stolen by Chinese military hackers.

  • Cisa-members’ crude steel production rises in late April May 09, 2014

    China’s crude steel output climbed further in late April, an indication of increasing supply pressure nationwide.

  • Environmental laws to raise Chinese steel costs Apr 28, 2014

    Amendments to China’s environmental protection law that threaten tougher punishments for polluters has drawn mixed reactions from the country’s steelmakers.

  • China capable of absorbing copper surplus: Antofagasta Apr 07, 2014

    China’s slowing economy will be able to absorb a copper market surplus in 2014 provided expectations for mine disruptions do not disappoint, according to Antofagasta Plc.

  • Pollution control impact on China steel seen limited Apr 03, 2014

    The latest temporary pollution control measures imposed on mills in north China are unlikely to have a major impact on the steel market, participants told AMM sister publication Steel First.

  • Zorba prices drop on weak China demand Mar 26, 2014

    U.S. export prices for nonferrous auto shred, or zorba, have continued to spiral downward, with market participants saying that recent economic issues in China have prompted buyers to postpone shipments and reduce price quotes.

  • China rebate plan could hike US prices Mar 25, 2014

    U.S. copper scrap consumers could face higher prices if a proposed rebate on value-added tax for China’s scrap recyclers is approved.

  • Zorba exporters turn to India as prices decline Mar 17, 2014

    U.S. export prices for nonferrous auto shred, or zorba, have continued to fall over the past two weeks, but sources noted that recent demand from Indian buyers could point to a stronger market in April.

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