Industrial News
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Japan’s carbon steel exports in July fell 18.7% year-on-year and increased 4% month-on-month
According to data released by the Japan Iron & Steel Federation (JISF) on August 31, Japan’s carbon steel exports in July fell 18.7% year-on-year to around 1.6 million tons, marking the third consecutive month of year-on-year decline. . Due to the significant increase in exports to China, Jap...Read more -
China’s rebar price down further, sales retreat
China’s national price for HRB 400 20mm dia rebar dipped for the fourth straight day, down another Yuan 10/tonne ($1.5/t) on day to Yuan 3,845/t including 13% VAT as of September 9. On the same day, the country’s national sales volume of major long steel products comprising rebar, wire rod and ba...Read more -
The Brazilian Steel Association says the capacity utilization rate of the Brazilian steel industry has risen to 60%
Brazilian Iron and Steel Industry Association (Instituto A?O Brasil) stated on August 28 that the current capacity utilization rate of the Brazilian steel industry is about 60%, higher than the 42% during the April epidemic, but far from the ideal level of 80%. Brazilian Steel Association Preside...Read more -
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...Read more -
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...Read more -
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...Read more