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China’s cold-rolled coil export volumes rose again in March due to "a strong increase in shipments to South Korea and Southeast Asian destinations," an exporter in Shanghai told AMM sister publication Steel First.
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Japan wants to overturn a decision by China to levy anti-dumping duties on some Japanese high-performance stainless steel seamless tubes (HP-SSST).
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China should tackle steel overcapacity by giving more incentives to local governments to rein in new capacity, a Ministry of Industry and Information Technology official says.
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Citing an appreciation in China’s yuan, the U.S. Treasury Department declined to name the Asian nation a currency manipulator in a semi-annual report to Congress released April 12.
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Two months after it vowed to "vigorously" eliminate obsolete facilities, the Chinese government has laid out a plan to eliminate less than 1 percent of the country’s aluminum capacity.
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Both sales and production in the Chinese automobile sector jumped in March, the China Association of Automobile Manufacturers (CAAM) said April 12.
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Copper and steel prices should rise over the course of 2013 as Chinese demand rebounds following the country’s leadership transition, according to VTB Capital Plc.
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Mexico’s Altos Hornos de Mexico SAB de CV (Ahmsa) has signed an agreement with China’s Xingxing Hanfang Mining Investment Co. Ltd. for the long-term supply of iron ore.
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China’s iron ore imports and finished steel exports both rose in March compared with the previous month, according to preliminary Chinese customs data.
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China’s crude steel output averaged 2.07 million tonnes per day in late March, up 0.4 percent from 2.06 million tonnes in mid-March but down 0.6 percent from the record 2.08 million tonnes per day in the first 10 days of the month, the latest data from the China Iron and Steel Association (Cisa) show.
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A Chinese government order instructing steel mills to halt output of some reinforcing bar grades in an attempt to improve construction standards is sparking uncertainty about supplies over the next few months.
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Chinese steel producer Tangshan Iron & Steel Co. Ltd. has agreed to buy a 10-percent stake in Duferco International Trading Holding SA, a spokeswoman for the trader confirmed March 27.
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Sinoma International Engineering, part of the China National Materials Group, has exited the steel trading business because of excessive risk and losses incurred last year.
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China’s steel plate export prices fell this week due to slow business and a weak domestic market.
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China’s imports of steelmaking raw materials fell further in February amid a shorter month due to the Chinese New Year holiday.
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Stainless steel market participants in China’s stainless steel hub of Wuxi, located some 87 miles from Shanghai, are relatively downbeat amid a lull in the market following a modest round of buying after the Chinese New Year.
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The new coking coal futures contract on the Dalian Commodity Exchange saw 50.9 million tonnes traded on its first day March 22.
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Erdos Metallurgy Group Co. Ltd. (EMG), China’s largest ferrosilicon producer, has purchased a 65-percent stake in Qinghai Wutong (Group) Industry Co. Ltd., increasing its capacity by 250,000 tonnes per year.
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China’s crude steel production averaged a record 2.08 million tonnes per day in the first 10 days of March despite a downbeat steel market.
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Overproduction in the global aluminum market that has led to low prices is mostly concentrated in China, according to United Co. Rusal’s director of supplies and logistics, Yakov Itskov.
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The European Union’s Council of Ministers has imposed anti-dumping and countervailing duties on imports of certain coated steel products from China.
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China’s State Reserve Bureau (SRB) has awarded aluminum and zinc tenders, although the latter fell short of its target.
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China is taking a harder line on imports of solid waste, with shipments facing increased scrutiny and supervision from Chinese customs officials, sources have told AMM.
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Privately owned steel mills now account for just over half of Chinese steel production, which poses a challenge for any serious move toward industry consolidation.