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  • China's construction steel sales at 10-month low
    China's construction steel sales at 10-month low
    01.13

    The spot sales of construction steel in China fell to an over 10-month low after three consecutive working days of decreases as the actual demand shrank in the cold winter days.

  • The HRC price of China is down after inventories surge
    The HRC price of China is down after inventories surge
    01.04

    The prices of hot-rolled steel coil (HRC) in China's physical market plunged last week amid a rebound in stocks, but the steel mills and traders are refusing further concessions on prices. The national price of Q235 4.75mm HRC lost 173 Yuan/ton (27$/ton) from December 25th to December 31st. The declines were due to seasonal factors. In winter, stocks reverse up and demand retreats.

  • China resumes imports of steel scrap under new standards
    China resumes imports of steel scrap under new standards
    01.02

    China resumes imports of steel scrap under new standards After over two years of steel scrap imports restrictions, the Chinese government, as widely expected, has reopened the door to overseas steel scrap starting January 1 together with the new adoption of the “recycled iron-steel raw materials” standards, according to an announcement from the country’s Ministry of Ecology and Environment (MEE) on the last working day of 2020. “Earlier restriction was to be in line with the country’s overall curbing on the imports of foreign rubbish,” MEE explained in an explanatory note last Thursday. “With the issuance of the new and detailed standards of the recycled iron-steel raw materials, the resumption of steel scrap imports so long as they meet China’s quality requirements..." More information, please check the 《Recycled steel raw materials》(GB/T39733-2020) recommended national standards, the standard is formally implemented on January 1, 2021.

  • Can the "new infrastructure" directly drive the increase in steel demand?
    Can the "new infrastructure" directly drive the increase in steel demand?
    03.13

    There is more consensus now that the government should focus on "new infrastructure" after the epidemic. "New infrastructure" is becoming the new focus of domestic economic recovery.