China

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Beijing has largely defied Washington sanctions on Iran by continuing to import oil from the country even after the administration of President Donald Trump ended exemptions given to China for buying Iran’s crude in May, data provided by China ’s customs authorities showed.
News ID: 5592    Publish Date : 2019/07/29

This week, the price of RSA chrome ore has gone up by USD 5-7/MT CIF China due to supply quantity control by major suppliers. This prompted the mainstream producing countries such as Turkey and Pakistan to lift up their offers on future supply.
News ID: 5555    Publish Date : 2019/07/29

According to the recent data released by World Steel Association (WSA) total crude steel production of 64 steel manufacturing countries moved up by 5% to 924.99 MnT in Jan-Jun’19 as compared to 881.68 MnT in Jan-Jun’18.
News ID: 5552    Publish Date : 2019/07/29

Imported HRC offers to Vietnam have reported fall of USD 5/MT against the offers assessed in beginning of this week.
News ID: 5547    Publish Date : 2019/07/29

Renault and Toyota Motor have each signed a deal with a domestic Chinese electrified vehicle manufacturer to jointly produce EVs. China is encouraging foreign automakers to strike similar deals with domestic producers in order to expand EV output in the country.
News ID: 5542    Publish Date : 2019/07/28

China ’s central authorities have barred 11 provinces and cities from allowing foundry capacity expansion, in order to improve air quality.
News ID: 5541    Publish Date : 2019/07/28

China is still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation, Official customs data showed.
News ID: 5529    Publish Date : 2019/07/28

China ’s still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation.
News ID: 5524    Publish Date : 2019/07/28

Indian HRC prices witnessed further downside this week by around INR 750-1000/MT on the back of mute buying, liquidity issues and inactive demand prevailing in domestic market. Meanwhile prices in northern India like Faridabad and Delhi witnessed significant fall of around INR 800-1500/MT this week.
News ID: 5513    Publish Date : 2019/07/28

There were further signs that the low-calorific value Indonesian coal market was softening today, as details of a trade involving an August-loading GAR 4,200 kcal/kg cargo emerged at a lower price than recent comparable transactions.
News ID: 5491    Publish Date : 2019/07/25

The China Association of Automobile Manufacturers (CAAM) has forecast the automobile sales to drop in China in 2019. Weaker purchasing capacity due to slower economic growth and the new vehicle emission standards could be some of the reasons for the estimated drop in car sales, according to a report by staffs from the association.
News ID: 5488    Publish Date : 2019/07/25

The global aluminium powder market is clearly growing buoyed by the automotive paints and sealants and other industrial pigments sectors. According to a research study, the market in 2017 was valued at US$ 3 billion and is likely to reach US$ 3.92 billion by the end of 2025, growing at a CAGR of 3.4 per cent during 2017-2025. China and India are estimated to be the two primary piggybacks in the coming time to stimulate the market.
News ID: 5487    Publish Date : 2019/07/25

Oil prices nudged higher on Wednesday on rising tensions in the Persian Gulf, a sharp fall in US crude stocks and positive signs on Sino-US talks, although worries about weak demand kept a cap on gains.
News ID: 5483    Publish Date : 2019/07/25

Fortescue Metals Group - world's 4th largest iron ore producer has reduced the sub-grade iron ore discount for SSF (super special fines) for Aug’19. SteelMint has learned from the market participants that FMG lowered its discount stable for SSF low-grade fines for the month of Aug’19 to 6% from 7% in Jul’19.
News ID: 5473    Publish Date : 2019/07/25

This week Chinese steel prices remained volatile since the Chinese government announced stringent production curbs in Tangshan region to control surplus capacity in China . Meanwhile the govt also extended the production curbs till Oct’19. However despite rebound in domestic steel prices, nation’s export offers continue to remain soft over thin trades from overseas buyers.
News ID: 5470    Publish Date : 2019/07/25

Britain, France, Germany, Russia and China will meet Iran in Vienna on July 28 to discuss how to save the 2015 nuclear deal between Tehran and world powers, the EU’s foreign policy service said in a statement on Tuesday.
News ID: 5443    Publish Date : 2019/07/24

China continues to expand its polyethylene terephthalate (PET) bottle chip production capacity with producers Yisheng Petrochemical, China Resources and Wankai all having expansion projects close to completion.
News ID: 5439    Publish Date : 2019/07/23

Jingtang and Caofeidian ports in north China 's Tangshan steel production hub have prevented trucks not meeting stricter fuel emissions standards from transporting goods over 22-29 July, adding to supply disruptions.
News ID: 5438    Publish Date : 2019/07/23

Seaborne iron ore pellet prices in China slipped this week, as a sharp decline in seaborne lump prices cut into demand for Indian pellet.
News ID: 5437    Publish Date : 2019/07/23

Iron ore prices have surged since April, but this has had little impact on European ferrous scrap prices and is likely to provide only limited support in the coming two to three months.
News ID: 5435    Publish Date : 2019/07/23

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