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China

World crude steel production up 4% in June

July 20, 2009

The World Steel Association’s crude steel production report published today shows a 4% rise for June over May. Global production is running 21% lower year to date versus 2008, but that varies significantly by region. The developed world is down 45%. The non-China developing world is down 23%. China, by contrast, is up 2%. China […]

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China should get out of steel not strong arm iron ore

July 10, 2009

Things have got serious in the iron ore negotiations in China with spurious ‘espionage’ charges levelled against domestic steel producers and Rio Tinto executives – or here if you don’t have an FT subscription. It’s a stretch to call any iron ore information a state secret, so what might have prompted Chinese officials to take […]

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US flat products imports drop another 19% in May

June 19, 2009

Based on reported import licenses, flat products imports into the US declined 19% from 433,000 short tons in April to 351,000 tons in May. This compares to 816,000 tons of flat products imports in September 2008 when we started collecting the license data. Cut plate, hot roll, cold roll, and hot dip galvanized imports all […]

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World crude steel production rises 7.4% in May

June 19, 2009

Worldsteel published its world crude steel production report today showing a 21% year on year decline in production through May, but a 7.4% bounce sequentially from April. Of particular note is the vigor of Chinese production which at 46.4MT is just a shade lower than the record production of 46.9MT in June last year. Follow […]

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China results for May: crude production up 7% and apparent consumption highest ever

June 16, 2009

Chinese crude steel production climbed 7% from 43.4 million metric tonnes in April to 46.5 million tonnes in May. Net finished steel exports remained negative as finished exports declined from 1.41 million tonnes to 1.35 million tonnes and finished imports grew from 1.62 million tonnes to 1.65 million tonnes. As a result, apparent finished steel […]

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China results for April: crude production down 4% and finished steel exports down 16%

May 15, 2009

Chinese crude steel production dropped 4% from 45.1 million metric tonnes in March to 43.4 million tonnes in April. Finished steel exports continued their decline from 1.67 million tonnes in March to 1.41 million tonnes in April, a 16% drop. Finished steel imports rose to 1.62 million tonnes, resulting in net finished imports of 210,000 […]

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