Beijing (AsiaNews/Agencies) – China's central government gave the order to shut down operations at 18 steel mills in Wuan District, in the northern province of Hebei province, for up to one ...
WhatsApp: +86 18221755073These new facilities will replace existing 90.6 million mt/year pig iron and 108.7 million mt/year crude steel capacity. China's crude steel capacity reached at least 1.25 billion mt/year by the end of 2022, and overall demand for Chinese steel could fluctuate around 1 billion-1.05 billion mt in the coming years, before falling further ...
WhatsApp: +86 18221755073The steady six-week fall in stocks of the five major finished steel products held by traders across China under Mysteel's survey continued during August 23-29, with the tonnage thinning for the seventh straight week by another 3.9%, the latest data showed.
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WhatsApp: +86 18221755073China Steel Corporation (CSC), located in Kaohsiung, Taiwan, was established in December 1971. Its annual output of crude steel is about 10 million metric tons. The main products are steel plates, bars, wire rods, hot-rolled and cold-rolled coils, electrogalvanized coils, electrical steel coils, and hot-dip galvanized steel coils. ...
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WhatsApp: +86 18221755073The share of China s top ten steelmakers crude steel output has increased to around 43% of the country s total steel production at the end of September, up 4 percentage points from the start of 2021, ... Some mill sources said mergers and acquisitions were crucial for all Chinese mills to survive in a highly competitive future, as …
WhatsApp: +86 18221755073The China Iron and Steel Association said China's big steel mills reported a total 2023 profit of 85.5 billion yuan ($18 billion), a 12.47 per cent decrease from the previous year.
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WhatsApp: +86 18221755073Steel Production in China decreased to 91600 Thousand Tonnes in June from 92900 Thousand Tonnes in May of 2024. Steel Production in China averaged 40789.64 Thousand Tonnes from 1990 until 2024, reaching an all time high of 99500.00 Thousand Tonnes in May of 2021 and a record low of 4918.00 Thousand Tonnes in February of 1990.
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WhatsApp: +86 18221755073At the same time, China's steel mills continue to break records. Production hit an all-time high in May and has reached 473 million tons over the year to date.
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WhatsApp: +86 18221755073While China's steel output has been declining this year, production in two leading United States ferrous scrap export destinations—Turkey and India—has been rising. This April, Indian mills churned out 12.5 percent more steel than they did in April 2023. Year to date, India has produced 8.5 percent more steel compared with 2023.
WhatsApp: +86 18221755073Total inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless steel trading hubs, continued the downtrend to sit at 956,547 tonnes by September 5, falling by 20,887 tonnes or 2.1% from a week ago, according to Mysteel's latest weekly survey.
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WhatsApp: +86 18221755073FILE PHOTO: A steel billet is seen on a medium plate production line at a Baowu Group steel mill in Ezhou, Hubei province, China June 21, 2023. REUTERS/Amy Lv/File Photo 25 Jul 2023 07:59PM
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