China Watch

  • China's daily steel output up in late November Dec 07, 2011

    China’s steel mills raised production slightly in the final third of November after prices stabilized.

  • China currency bill misunderstood: trade lawyers Dec 05, 2011

    The fiercely debated currency bill that has flared tempers from Capitol Hill to Beijing but has yet to make its way through the House may pack a lot less wallop than thought.

  • Steel production declines again in mid-November Dec 01, 2011

    China’s steel output dipped slightly in mid-November as some mills extended production cuts, even as others brought production back on-stream.

  • China’s steel output down 4.6% in late October Nov 09, 2011

    Crude steel output in China fell again in late October as more steel mills opted for maintenance outages amid a weak market. Crude steel production averaged 1.717 million tonnes per day in the final 10 days of October, down 4.6 percent from the previous 10-day period, according to the China Iron and Steel Association. A further decline in crude steel output in early November is widely expected.

  • China’s ferrosilicon smelters mull cuts after prices slump Nov 09, 2011

    Ferrosilicon smelters are mulling output cuts after prices in China fell 200 yuan ($32) on persistent weak demand. “Prices are going to continue to fall, and it’s hard to say where the bottom is,” a source at a producer in Inner Mongolia said. “It’s very likely that producers will shut smelters soon.” China’s free-market ferrosilicon prices fell to 6,300 to 6,500 yuan ($994 to $1,025) per tonne at the start of the week from 6,500 to 6,700 yuan on Friday.

  • Strikes, lower-grade ores sink Chinese copper concentrate imports Oct 26, 2011

    China’s imports of copper concentrate fell in September after reaching an 11-month high the previous month as strikes and lower-grade ores contributed to tighter supply.

  • House committee debates China policy Oct 25, 2011

    Addressing Chinese currency manipulation is said to be a top priority for the Obama administration, although the most recent currency bills may cause the White House some concern, lawmakers and trade staff said Tuesday at a House Committee on Ways and Means hearing to discuss the economic relationship between the United States and China.

  • China steel output logs 3d monthly drop Oct 20, 2011

    China’s crude steel output fell for a third consecutive month in September in response to a softening market.

  • Steel prices under pressure; fall eyed Oct 11, 2011

    Chinese steel markets are under pressure to fall amid poor market fundamentals.

  • Currency bill ‘may be wrong approach’ Oct 03, 2011

    The U.S. Senate was expected to pass currency legislation Monday night aimed at cracking down on illegally subsidized imports, although some economists and trade interests argue that the bill takes the wrong approach.

  • Weak market cools China's mid-Sept. steel output: Cisa Sep 29, 2011

    China’s daily crude steel output fell during the second 10 days of September, according to the China Iron and Steel Association (Cisa).

  • China drives realignment in stainless Sep 29, 2011

    Stainless steel price margins have fallen by as much as 50 percent over the past 25 years, according to Gerhard Pariser, director of research at Heinz Pariser Alloy Metals & Steel Market Research.

  • Financial crisis is not troubling for iron ore: Vale Sep 28, 2011

    Iron ore demand shouldn’t be impacted by the financial crisis as sales target emerging markets, according to Jose Carlos Martins, executive director of marketing, sales and strategy at Brazil’s Vale SA.

  • Baosteel exec urges caution on iron ore swaps Sep 28, 2011

    Steelmakers should be cautious about using iron ore derivatives to hedge risk, a senior Baosteel Group Corp. Ltd. executive said at an industry conference in China.

  • China stainless exports set to fall further on slowing demand Sep 23, 2011

    China’s exports of flat stainless steel products are expected to fall for a second consecutive month in September in response to a lackluster market.

  • Sichuan Hongda Group in $3B deal for Africa iron ore, coal Sep 23, 2011

    China’s Sichuan Hongda Group has signed a $3-billion joint-venture deal with Tanzania to develop an iron ore and coal project in the African country.

  • China plate shipments leave US mills on alert Sep 22, 2011

    Chinese steel plate producers no longer permitted to add metallurgically insignificant amounts of boron to the melt to avoid U.S. anti-dumping duties are now said to be adding trace amounts of vanadium instead, sounding the alarm among domestic steelmakers.

  • Sapa purchases aluminum profiles unit near Shanghai Sep 22, 2011

    Sapa Group has agreed to buy an aluminum profiles unit in Jiangyin, China, from Jiangyin Haihong Nonferrous Metal Material Co. Ltd. for an undisclosed amount, the Swedish extruder said Thursday.

  • Steel price drop pressuring China scrap tags Sep 22, 2011

    Falling steel prices have put pressure on China’s domestic ferrous scrap market as several small and medium-sized steel mills have lowered their scrap bids.

  • Cisa launches iron ore index in effort to influence pricing Sep 21, 2011

    The China Iron and Steel Association (Cisa) has launched its iron ore index and will start publishing weekly data in October.

  • 2.8M US jobs lost due to China trade deficit Sep 20, 2011

    As many as 2.8 million American jobs—mostly in the manufacturing sector—were lost between 2001 and 2010 as a result of the growing trade deficit with China, according to a new study released Tuesday.

  • Asian giant’s true steelmaking costs point of debate Sep 15, 2011

    The European perception that steel production costs in China are exceptionally low is mistaken, according to Gorkem Bolaca, general manager of LN Metals International Ltd.

  • China’s stainless producers growing too fast: SMR's Moll Sep 14, 2011

    Chinese stainless steel producers are expanding rapidly because they have access to capital markets that other producers lack, a leading steel analyst said.

  • Development of NPI topples Europe as stainless cost leader Sep 14, 2011

    China has surpassed Europe as the cost leader in the global stainless steel industry, surging ahead with lower production costs since its development of nickel pig iron (NPI) as a replacement raw material, according to Markus Moll, managing director of Austrian steel consultancy Steel & Metals Market Research GmbH.

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