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China deeply removes rebate on cold-rolled products from August

China cancel steel export rebate for cold-rolled products from August 1 On July 29, the Ministry of Finance and the State Administration of Taxation jointly issued the “Announcement on the Cancellation of Export Tax Rebates for Steel Products”, stating that from August 1, 2021, the ex... Read More

SteelHome: China Steel Price Index (From July 7th 2020 to July 7th 2021)

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Global construction supply shortage pushing up costs in NI

From BBC News https://www.bbc.com/news/uk-northern-ireland-57345061 A global supply shortage has driven up supply costs and caused delays for Northern Ireland’s construction sector. Builders have seen a rise in demand as the pandemic spurs people to spend money on their homes they would... Read More

China removes VAT rebate on steel exports, cuts tax on raw material imports to zero

Transmit from https://www.spglobal.com/platts/en/market-insights/latest-news/metals/042821-china-removes-vat-rebate-on-steel-exports-cuts-tax-on-raw-material-imports-to-zero Cold rolled steel sheet, hot-dip galvanized sheet and narrow strip were also on the list of products that have had the reba... Read More

China to step up efforts to cut overcapacity in 2019

https://enapp.chinadaily.com.cn/a/201905/10/AP5cd51fc6a3104dbcdfaa8999.html?from=singlemessage Xinhua Updated: May 10, 2019 BEIJING – Chinese authorities said Thursday the country will press ahead with the efforts to cut excess capacity in key areas, including coal and steel sectors, this... Read More

Experts predicted the price of steel in China 13-17th May 2019

My steel: Last week, domestic steel market price shocks weakened. For the follow-up market, first of all, the stock of steel enterprises began to increase gradually, and the current billet price is relatively high, the enthusiasm of steel enterprises has been reduced, or it is difficult to increa... Read More

Experts predicted the price of steel in China 6-10th May 2019

My steel: Last week the domestic steel market price shocks strong operation. After the festival, the market returned back gradually, and the demand turnover on the day of the return was small, but the billet price during the holidays, although there is a certain callback in the follow-up, there i... Read More

Read more Experts predicted the price of steel in China 29th April to 3rd May 2019

My steel: Last week, the domestic steel market price fluctuated at a high level. In the short-term, benefit from the reduction in inventory, the overall inventory pressure in the market is low, and the supply side has not been expanded for a while, so the market supply and demand level is still i... Read More

Experts predicted the price of steel in China 22-26th April 2019

My steel: Last week, the domestic steel market was running at a high price shock. At the present stage, the driving force of the price rise of finished products has obviously weakened, and the performance of the demand side has begun to show a certain downward trend. In addition, the current spot... Read More

Experts predicted the price of steel in China

Opinion from My steel : Last week, the domestic steel market prices have been running stronger. Although the overall performance of stock resources transactions last week is still acceptable, inventory continues to decline, but prices of most varieties have reached current highs, business fear of... Read More

M&As to fuel upgrade of steel sector

https://enapp.chinadaily.com.cn/a/201903/06/AP5c7f2953a310d331ec92b5d3.html?from=singlemessage By Liu Zhihua | China Daily Updated: March 6, 2019 Industry looks to build on impetus from reductions in overcapacity Mergers and acquisitions will provide the impetus for sustainable transformation and... Read More

Steel hub in Tianjin to set up ecological township

 https://enapp.chinadaily.com.cn/a/201902/26/AP5c74cbdea310d331ec92a949.html?from=singlemessage By Yang Cheng in Tianjin | China Daily Updated: Feb 26, 2019 Daqiuzhuang, one of China’s largest steel production centers in the southwestern suburbs of Tianjin, plans to inject 1 billion yuan (... Read More
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