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China’s daily crude steel output for the first 10 days of May reached 2.193 million tonnes, beating the daily record for April.
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Japanese steelmaker JFE Steel Corp. has signed a joint-venture agreement to set up a steel pipe plant in China’s Zhejiang province to target automotive producers, it said May 16.
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Growing Chinese interest in the ferrous derivatives arena is driving iron ore futures screen trading, Martin Evans, CME Group Inc.’s director of metals products, told AMM sister publication Steel First in an interview May 16.
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Global steel growth in the second half of the year will largely depend on decisions made by China’s new leadership, according to the top executive at Posco Ltd.
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Lower-than-expected economic growth and a downward drift in commodity prices will become more evident this year as China’s new leadership begins a rebalancing and remodeling of the economy.
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China has until July 31 to implement World Trade Organization (WTO) rulings concerning the imposition of duties on U.S. shipments of grain-oriented flat-rolled electrical steel.
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China’s H-beam export market has slumped on thin trade, shedding $20 per tonne over the past week.
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Zhejiang Zhoushan Bulk Commodity Exchange is seeking to launch a spot iron ore trading platform by year-end.
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Export prices for shredded aluminum scrap, known as zorba, have remained essentially flat since the beginning of April, with shippers increasingly seeking new ways to meet stepped-up restrictions on imports in northern China, sources say.
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Citing a ministerial error in an anti-dumping duty administrative review of steel nails from China from April 1, 2010, to July 31, 2011, the Commerce Department’s International Trade Administration has revised the weighted-average dumping margins.
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China’s manganese ore imports increased significantly last month as traders actively imported the raw material after prices climbed at the beginning of the year.
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Chinese ferrochrome and chrome ore imports rose in March, but they’re likely to decline in April as prices in the domestic market fall.
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China’s net imports of refined copper fell to the year’s lowest level in March while those of concentrates increased, according to Chinese customs data released April 22.
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China’s iron ore imports rose in March but coking coal and ferrous scrap imports dropped, according to Chinese customs data released April 22.
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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.