Three reasons why Chinese steelmakers are trapped in a prisoner’s dilemma
While daily crude steel production stood at 2 million tonnes in mid-October, a 1.25% decrease from the previous year according ...
Tag: China
China steel association says EU carbon tax a new trade barrier, calls for more talks
The Carbon Border Adjustment Mechanism (CBAM) proposed by the European Union creates a new trade barrier for Chinese exports, China's ...
Blast Furnace Utilization Drops
The average operating rate of BF steel mills was down 0.44 percentage points WoW at 90.94% last week, SMM survey ...
Pig iron output loss from BF maintenance grew in October
Since September, terminal demand has remained relatively weak. Although steel inventories were not high, steel prices underperformed. Driven by high ...
Key Takeaway From SMM Metal Industry Annual Conference
At the 2023 SMM 12th Metal Industry Annual Conference - SMM Steel Forum, jointly hosted by SMM, the People's Government ...
CHN Energy puts 50 GW-scale coal-fired power units in operation
CHN Energy Investment Group put the No.1 coal-fired units into operation at its Yueyang power plant in Hunan after passing ...
China’s 3Qs steel market features “two highs” and “two lows” with challenges
China has achieved a smooth transition to a post-COVID phase, with quick restoration to normal economic and social order in ...
China is Awash With Coal as Import Surge Adds to Mining Boom
China is struggling to digest a growing glut of coal, as robust domestic output and soaring imports threaten to overwhelm ...
China’s hot metal output to ease further in Nov
After experiencing slight declines while generally hovering high last month, the daily hot metal production among the 247 Chinese steelmakers ...
China’s Issuance of Additional 1 Trillion Yuan Government Bond to Bolster Steel Demand in Infrastructure Sector 2024
Following this announcement, confidence in the A-share market has risen, with substantial increases in the infrastructure sector, particularly in water ...
