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Business News
  • Steelmakers in Hebei province to cut production by 20~30%
  • It is reported that some medium and small sizes mills in Henan suffered big profit squeeze from the second half of last year because of financial crisis, according to Chairmen of Hebei Steel, Mr. Wang Yifang. He also added that steel mills...[More...]
  • 2009-03-11 10:46:45
  • China’s steel exports drop by 40% in January
  • According to Chinas official customs data said on Wednesday, Chinas steel exports in January dropped 40 percent on the month to 1.91 million tons, which reached the lowest in nearly 3 years. Exports were also down by 54 percent on year-on y...[More...]
  • 2009-02-13 10:46:14
  • Turkey's rebar market quiet
  • Turkeys rebar market is currently suffering a standstill. The pessimistic economic prospects have brought massive pressure on new investment projects. More and more projects have to be postponed. Tahir Tellioglu, president of Turkish Buildi...[More...]
  • 2009-01-05 10:45:42
  • Chinese HRC export price further rebound
  • It is reported that domestic hot rolled steel prices continue to rebound this week and this is also the case with export offers. On Shanghai market, commercial 4.75mm to 12mm*1500mm HRC goes at CNY 3350 per tonne to CNY 3400 per tonne up by...[More...]
  • 2008-12-19 10:44:32
  • Chinese HRC price rebounds a bit
  • Recently, Chinas government lowered even removed the tariff on exported steel products. Particularly, the tariff on HRC and medium plate were both down from 5% to zero. It seems as positive news to the current bleak market, but performance...[More...]
  • 2008-11-25 10:43:54
  • India Government restores 5% import duty on steel
  • Indian government announced that in the wake of the recent fall in the international prices of commodities and with a view to safeguard the interests of domestic producers, government have carried out certain changes in the customs duty rat...[More...]
  • 2008-11-20 10:42:58
  • Malaysia to abolish the ban on exports of scrap
  • The Government of Malaysia has canceled the ban on exports of scrap. Therefore, the steel scrap will be allowed to export. In the past few months, the steel scrap prices in Malaysia domestic market drop up 30% -50%, and the market has accum...[More...]
  • 2008-11-18 10:41:46
  • Chinese HRC export prices hit low
  • There is a sign that shows Chinese export prices probably reaching rock bottom as Chinese steel export assessments remained unchanged last week especially for HRC and rebar prices, according to market source. Current price of HRC is being h...[More...]
  • 2008-11-12 10:41:06
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