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Vietnam’s long steel product and flat-rolled sheet markets are heating up as buyers return to the market.
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China’s Ministry of Commerce will initiate an anti-dumping investigation into imports of high-performance stainless steel seamless tube from Europe and Japan, it said Thursday.
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China’s Benxi Steel Co. Ltd. plans to build a new stainless steel production facility within the next five years with an annual capacity of up to 800,000 tonnes, a source at the major carbon steel producer said.
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Baosteel Stainless Steel began cutting its nickel pig iron usage in late July amid falling refined nickel prices.
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Chinese plate producers have clinched export bookings for only a few thousand tonnes for November shipment as buying has slowed in response to higher prices, sources said.
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Metal packaging company Crown Holdings Inc. will build two new aluminum can plants in China and add a second line to an already-under-construction facility, bringing to 10 the number of beverage can plants across China.
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With a week remaining before China’s Sept. 2 deadline to counter a World Trade Organization (WTO) decision, the world’s second-largest economy said it would appeal a ruling over illegally restricting exports of nine key raw materials.
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Chinese exports of stainless flat products rebounded in July, prompted by a surge in South Korean demand, and are expected to increase further this month.
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Asian payments to British scrap traders have slowed over the past two weeks.
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China’s daily crude steel production increased slightly during the first 10 days of August, according to the latest figures from the China Iron and Steel Association (Cisa).
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Chinese traders have been sitting on much of their hot-rolled coil stocks following the U.S. credit downgrade.
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At the request of petitioners., the International Trade Administration has postponed its preliminary determination in an anti-dumping duty investigation of steel wheels from China.
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The Commerce Department has ruled in a final determination that cut-to-length carbon steel plate from China with at least 0.0008 percent boron will be subject to an anti-dumping duty order.
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China’s coke output could fall 5 percent in the second half due to high production costs and a weak steel market, China Coking Industry Association figures indicate.
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China Armco Metals Inc.’s second-quarter sales surged on a sharp rise in the scrap tonnage processed at its new Chinese yard, but it wasn’t enough to stem the flow of red ink.
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Yalian Steel Corp. has obtained a 10-million-yuan ($1.56-million) short-term loan from China Citic Bank.
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China has started an investigation of its rare earths industry aimed at disciplining the sector and bringing it under tighter government control as high prices fuel a production boom.
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Tight scrap supplies and stable steel product prices have driven up heavy melting steel scrap tags in eastern China.
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The U.S. Senate has confirmed former Secretary of Commerce Gary Locke as the U.S. Ambassador to China.
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China’s crude steel output eased to a daily average of just under 1.95 million tonnes in the middle 10 days of July, down nearly 0.3 percent from the first 10 days of the month, according to the China Iron and Steel Association (Cisa).
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Harsco Corp. said its joint-venture company with Taiyuan Iron & Steel (Group) Co. Ltd. (Tisco) has received a 25-year onsite metal recovery contract from the big Chinese steelmaker.
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Spot iron ore prices in China climbed by $2 per tonne in the past week as steel mills continued to restock raw materials.
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Chinese energy services company Hilong Group and a partner in the United Arab Emirates (UAE) have denied allegations that they transshipped drill pipe to the United States via the UAE.
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China’s ministry of commerce said it will “properly follow up procedure” in accordance with World Trade Organization (WTO) rules following the WTO’s finding that the country’s export taxes on raw materials violate its trade rules.