China Watchhttp://www.amm.comhttp://feeds.feedburner.com/ChinaWatch©2014 www.amm.com60China WatchChina to tax certain steel imports July 31China’s Ministry of Finance will cancel tax protections for 78 imported steel products effective July 31, the China Iron and Steel Association (Cisa) said. http://www.amm.com/Article/3364755/China-to-tax-certain-steel-imports-July-31.htmlThu, 24 Jul 2014 01:21:00 GMTBenxi declines to help US in wire rod caseChinese 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. http://www.amm.com/Article/3363725/Benxi-declines-to-help-US-in-wire-rod-case.htmlMon, 21 Jul 2014 15:55:00 GMTScrap won’t play major role in China until ’25: Vale execVale SA does not see scrap playing a major role in China’s steelmaking industry until 2025, according to its top expert on ferrous markets. http://www.amm.com/Article/3354180/Scrap-wont-play-major-role-in-China-until-25-Vale-exec.htmlFri, 20 Jun 2014 17:49:00 GMTInnovation, lower costs said key for steelSteelmakers 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.http://www.amm.com/Article/3353376/Innovation-lower-costs-said-key-for-steel.htmlWed, 18 Jun 2014 22:14:00 GMTChina steel exports seen holding firmChinese 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. http://www.amm.com/Article/3353362/China-steel-exports-seen-holding-firm.htmlWed, 18 Jun 2014 21:48:00 GMTCan’t find your metal? Just ask the genie of QingdaoIt’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. http://www.amm.com/Article/3351509/Cant-find-your-metal-Just-ask-the-genie-of-Qingdao.htmlThu, 12 Jun 2014 22:26:00 GMTChina aluminum said pledged up to eight timesAround 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. http://www.amm.com/Article/3351426/China-aluminum-said-pledged-up-to-eight-times.htmlThu, 12 Jun 2014 17:35:00 GMTDecheng said focus of China probeThe probe into alleged fraud at the northeastern Chinese port of Qingdao is centered on metals trading company Decheng Mining, according to media reports. http://www.amm.com/Article/3351417/Decheng-said-focus-of-China-probe.htmlThu, 12 Jun 2014 17:20:00 GMTChina warehouse probe may help LMEAn 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. http://www.amm.com/Article/3350538/China-warehouse-probe-may-help-LME.htmlTue, 10 Jun 2014 17:03:00 GMTStandard Bank examining metals financing in ChinaStandard Chartered Bank is reviewing its provision of metals financing to some companies in China amid a local investigation into alleged fraudulent documentation. http://www.amm.com/Article/3349503/Standard-Bank-examining-metals-financing-in-China.htmlFri, 06 Jun 2014 15:36:00 GMTBank investigating China port irregularitiesStandard 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. http://www.amm.com/Article/3348765/Bank-investigating-China-port-irregularities.htmlWed, 04 Jun 2014 22:52:00 GMTQingdao iron ore shipments continueIron 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. http://www.amm.com/Article/3348237/Qingdao-iron-ore-shipments-continue.htmlTue, 03 Jun 2014 22:17:00 GMTMetals financing under pressure due to probe Western banks and commodities warehousing companies knee-deep in Chinese repurchase deals should be worried. http://www.amm.com/Article/3348198/Metals-financing-under-pressure-due-to-probe.htmlTue, 03 Jun 2014 18:41:00 GMTChina’s ferrous scrap imports dipChina’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. http://www.amm.com/Article/3344735/Chinas-ferrous-scrap-imports-dip.htmlThu, 22 May 2014 14:34:00 GMTChinese metal firms may have obtained US dataSome 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. http://www.amm.com/Article/3344040/Chinese-metal-firms-may-have-obtained-US-data.htmlTue, 20 May 2014 21:48:00 GMTCisa-members’ crude steel production rises in late AprilChina’s crude steel output climbed further in late April, an indication of increasing supply pressure nationwide. http://www.amm.com/Article/3340212/Cisa-members-crude-steel-production-rises-in-late-April.htmlFri, 09 May 2014 16:54:00 GMTEnvironmental laws to raise Chinese steel costsAmendments to China’s environmental protection law that threaten tougher punishments for polluters has drawn mixed reactions from the country’s steelmakers. http://www.amm.com/Article/3335111/Environmental-laws-to-raise-Chinese-steel-costs.htmlMon, 28 Apr 2014 16:44:00 GMTChina capable of absorbing copper surplus: AntofagastaChina’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. http://www.amm.com/Article/3328248/China-capable-of-absorbing-copper-surplus-Antofagasta.htmlMon, 07 Apr 2014 22:14:00 GMTPollution control impact on China steel seen limitedThe 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. http://www.amm.com/Article/3327107/Pollution-control-impact-on-China-steel-seen-limited.htmlThu, 03 Apr 2014 16:55:00 GMTZorba prices drop on weak China demandU.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.http://www.amm.com/Article/3323865/Zorba-prices-drop-on-weak-China-demand.htmlWed, 26 Mar 2014 18:18:00 GMTChina rebate plan could hike US pricesU.S. copper scrap consumers could face higher prices if a proposed rebate on value-added tax for China’s scrap recyclers is approved. http://www.amm.com/Article/3323372/China-rebate-plan-could-hike-US-prices.htmlTue, 25 Mar 2014 21:25:00 GMTZorba exporters turn to India as prices declineU.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.http://www.amm.com/Article/3320322/Zorba-exporters-turn-to-India-as-prices-decline.htmlMon, 17 Mar 2014 18:44:00 GMTArmco reaches scrap supply deal with MitsuiArmco Metals Holdings Inc. has reached a long-term steel scrap supply deal with Mitsui & Co. (Shanghai) Ltd., the metals recycler said in a statement March 5.http://www.amm.com/Article/3316253/Armco-reaches-scrap-supply-deal-with-Mitsui.htmlWed, 05 Mar 2014 18:32:00 GMT