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China Expands Market Share in India’s Finished Steel Import Market According to the latest data from the Joint Factory Committee of India, from April to December 2023, China accounted for 31% of the market share of finished steel imports in India, which is higher than 24% in the same period last year. From April to […]

Heilongjiang Jianlong Seamless Steel Pipe Won the Bid for China Saudi the Belt and Road Cooperation Project Recently, Heilongjiang Jianlong passed the prequalification of China Saudi Arabia “the Belt and Road” cooperation project and China North Huajin Fine Chemical and Raw Material Engineering seamless steel pipe frame procurement project. This bidding attracted 15 first tier

In March, South Korea ranked first in the quantity of imported Chinese long materials According to Chinese customs data, the export volume of hot-rolled bars and rebar from China in March this year was 159789 tons, a month on month increase of 44%; The export of wire rods was 399085 tons, a decrease of 21%

India becomes a net importer of finished steel products in the fourth quarter of 2022 According to temporary data released by the Joint Factory Council of India (JPC) on January 6th, India’s finished steel imports exceeded exports for the third consecutive month in December 2022, making the country a net importer of finished steel in

More European steel mills plan to reduce steel production in December Given the continuously declining steel prices and sluggish terminal demand in Europe, several large steel mills including ArcelorMittal’s production bases in multiple countries, Salzgitter, pittini, Liberty, and Acciaierie d’Italia have gradually reduced production in the past two months and will continue until December. As

European steel mills may experience a reduction in production or continue until the end of the year At present, the European steel market is facing multiple challenges. The impact on electricity prices is the most obvious and challenging, with a year-on-year increase of about three times. Although the European Commission has recently introduced a “ceiling”

Australia plans to achieve net zero emissions by 2050 Australia plans to use domestic and international carbon offsetting to reduce emissions by 10-20% to achieve its net zero emissions target by 2050, and further reduce emissions by 15% in the future through new technologies. Australia is the world’s largest exporter of liquefied natural gas and

The World Organization for Economic Cooperation (OECD) warns of global overcapacity The Steel Committee of the Organization for Economic Cooperation and Development (OECD) warned at a meeting on February 23 local time that as COVID-19 suppresses demand, global industry will face greater risks from overcapacity. The committee concluded its annual meeting on Tuesday. In memory,

The new tariff policy may affect the UAE board import market It is understood that starting from July 19th, the United Arab Emirates will impose a tariff of 500 dirhams/ton (136 US dollars/ton) on imported color coated rolls, valid until May 14, 2021. The main supplier of color coated coil materials in the United Arab

Mexico initiates the extension of compensatory quota review for importing medium and thick plates from China It is reported that a document from the Mexican government stated that Mexico has officially launched a review on extending the compensatory quota for imports of medium and thick plates from China. This policy was officially launched in October