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Chinese producers cut April crude steel output by 7.2% from a year earlier to 85.94 million tons due to weak construction steel demand. April output also decreased 2.6% from 88.27 million tons in March. This contributed to a 3% year-on-year decrease in steel output from January to April to 343.67 million tons, according to data […]

Iron ore continues to rise amid better economic expectations and increased trading activity. Australian iron ore price 62% Fe increased by 1.5 USD/ton to 127.5 USD/ton CFR.Prices of all major products in China’s ferrous metals market, including iron ore, rebounded on November 8 as market sentiment warmed following upbeat statements on the local economy. of

On March 8, 2024, the Canada Border Services Agency (CBSA) initiated an investigation into applying anti-price gouging measures (CBPG) on steel wire products originating or exported from China and Egypt. and Vietnam.1. Case information: – Product name: Steel wire (Wire Rod) (See product description in the attached document) – HS code: 7213.91.00.42; 7213.91.00.43; 7213.91.00.49; 7213.91.00.50;

China Customs data shows that China’s steel exports in the first 2 months of 2024 increased significantly by 30% to nearly 16 million tons compared to 12 million tons in the same period last year.However, export volume in February 2024 decreased by 18% from the previous month to 7.17 million tons compared to 8.74 million