Industrial News

  • China mills’ steel stocks climb by another 2.1%

    China mills’ steel stocks climb by another 2.1%

    Stocks of the five major finished steel products at the 184 Chinese steelmakers the surveys weekly continued to swell over August 20-26, due to the slowing demand from end-users, with the tonnage growing for the third week by another 2.1% on week to about 7 million tonnes. The five major items co...
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  • Imported 200 million tons of coal from January to July, up 6.8% year-on-year

    Imported 200 million tons of coal from January to July, up 6.8% year-on-year

    In July, the decline in raw coal production of industrial enterprises above designated size expanded, crude oil production remained flat, and the growth rate of natural gas and electricity production slowed. Raw coal, crude oil, and natural gas production and related conditions the decline in raw...
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  • COVID19 Slashes Steel Consumption in Vietnam

    COVID19 Slashes Steel Consumption in Vietnam

    Vietnam Steel Association said that Vietnam’s steel consumption in the first seven months fell 9.6 percent year-on-year to 12.36 million tonnes due to Covid-19 impacts while production dropped 6.9 percent to 13.72 million tonnes. This is the fourth month in a row that steel consumption and produc...
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  • Brazilian domestic flat steel prices up on-demand recovery, low imports

    Brazilian domestic flat steel prices up on-demand recovery, low imports

    Flat steel prices in the Brazilian domestic market have increased in August because of recovering steel demand and high import prices, with further price rises to be imposed next month, Fastmarkets heard on Monday, August 17. Producers have fully applied the previously announced price increases f...
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  • With weak demand recovery and huge losses, Nippon Steel will continue to reduce production

    With weak demand recovery and huge losses, Nippon Steel will continue to reduce production

    On August 4, Japan’s largest steel producer, Nippon Steel, announced its first-quarter financial report for the 2020 fiscal year. According to the financial report data, the crude steel output of Nippon Steel in the second quarter of 2020 is about 8.3 million tons, a year-on-year decrease o...
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  • 2020 authoritative ranking of global oil companies released

    2020 authoritative ranking of global oil companies released

    On August 10th, “Fortune” magazine released this year’s latest Fortune 500 list. This is the 26th consecutive year that the magazine has published the ranking of global companies. In this year’s ranking, the most interesting change is that Chinese companies have achieved a...
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  • China steel demand to decline to 850 mln t in 2025

    China steel demand to decline to 850 mln t in 2025

    China’s domestic steel demand is expected to decline gradually in the years to come from 895 million tonnes in 2019 to 850 million tonnes in 2025, and high steel supply will impose a persistent pressure on the domestic steel market, Li Xinchuang, chief engineer of the China Metallurgical Industry...
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  • China becomes net steel importer first time in 11 years in June

    China becomes net steel importer first time in 11 years in June

    China became a net importer of steel for the first time in 11 years in June, despite record daily crude steel production during the month. This indicates the extent of China’s stimulus-fueled economic recovery, which has supported rising domestic steel prices, while other markets are still ...
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  • Brazil’s steelmakers say U.S. is pressuring to lower export quotas

    Brazil’s steelmakers say U.S. is pressuring to lower export quotas

    Brazilian steelmakers’ trade group Labr on Monday said the United States is pressuring Brazil to reduce its exports of unfinished steel, part of a long fight between both countries. “They have threatened us,” Labr President Marco Polo said of the United States. “If we don’t agree to tariffs they ...
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  • Goa’s mining policy continues to favor China: NGO to PM

    Goa’s mining policy continues to favor China: NGO to PM

    The Goa government’s state mining policy continues to favor China, a leading Goa-based green NGO has said in a letter to Prime Minister Narendra Modi, on Sunday. The letter also alleged that Chief Minister Pramod Sawant was dragging his feet over auctioning of iron ore mining leases to rest...
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  • China traders’ steel stocks reverse up on slowing demand

    China traders’ steel stocks reverse up on slowing demand

    Major finished steel stocks at the Chinese traders ended its 14 weeks of continuing declines since late March of June 19-24, though the recovery was merely 61,400 tonnes or merely 0.3% on the week, mainly as the domestic steel demand had shown signs of slowing with the heavy rainfalls having hit ...
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  • EU Steel Service Centres Shipments Dip by 23% in January-May

    EU Steel Service Centres Shipments Dip by 23% in January-May

    The latest EUROMETAL figures on sale from European steel service centers and multi-products distributors confirm the difficulties faced by the distribution sector. According to the latest report issued by the association for European steel and metal distributors EUROMETAL, in the first five month...
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