Around the sustainable development of the German economy, Germany’s Energy Transition has been a hot topic in political and public life. While the big trend of the energy-saving and emission reduction is bound to challenge industrial’s development, especially the energy-consuming industrial. It is also required by the European energy policy and climate policy. German steel…
Month: July 2013
Russia’s steel enterprises face increasing competition
As an inherent advantage gradually fades out, Russian steel enterprises will face a new challenge in the future. AndreyLaptev, Severstal steel company strategy director, said in order to maintain its attractiveness to investors, the Russian steel enterprises not only need to have the ability to provide pre-tax profits, but also need to guarantee to enterprise capital holder…
Japanese steel mills will reduce the cost and improve the quality
Japan’s largest steel manufacturer NSSC Company (NSSM) plans to close the factory’s the most old-fashioned one of three blast furnaces in Kimitsu in fiscal year 2015, Kobe Steel in 2017 fiscal year; the company will close the plant in Kobe the only one blast furnace. As for NSSC companies, the optimization of production is the…
Chinese steel exports to the US reduced substantially
Hit by series of trade survey, China’s steel pipe producers who exports the steel pipe to the U.S. was drastically shrinking; Chinese other steel products export to the U.S. also began its dramatic decrease from 2009. Recently, the U.S. International Trade Commission issued a notice that the thin-walled rectangular steel which was originating in China,…
Serious global steel overcapacity
Currently, the global steel overcapacity is long-term structural problems, not the market a cyclical problem, steel industry leaders need strong initiatives to reduce excess capacity, otherwise the steel industry can’t be reborn. Morgan Stanley’s research data shows that global excess steel production capacity is estimated 334 million tons, of which China about 200 million tons…
July international steel market stabilized
July, most of Asia will enter the rainy and hot weather, seasonal decline in demand will occur, meanwhile mills will also begin seasonal maintenance reduction of output, supply will decline. European market: the downward trend has eased June, the European market continues to decline, the downward trend has eased. Sheet prices continue to decline, the…
Vietnam will impose anti-dumping duties for China imports of stainless steel
Vietnam News Agency reported on the 6th, Vietnamese Ministry of Trade and Industry has decided to carry on anti-dumping investigations and anti-dumping measures for cold-rolled stainless steel imported from China, Malaysia, Indonesia and China Taiwan. It is reported that surveyed commodities including carbon content less than 1.2% and a chromium content more than 10.5% of…
Asian steel price difficult to rise
In Southeast Asia, HRC import market in the doldrums. Japan and Korea Resources reported $ 540 / ton (CFR), low turnover of $ 10 / t. Because too large decline in China Resources recently, Mills seek price increases $ 15 / ton (CFR) to reach $ 530 / ton (CFR), but the Southeast Asian market…
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