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China net steel exporter

Lower steel prices and weak demand have prompted Chinese steelmakers to increase their sales abroad. China posted a record level of 6.85 million tons of net exports of steel products in May, up 10% from a month ago, customs data

China to import 842 Mt of iron ore in 2014

Despite the slowdown in its steel industry, China is consolidating its position as the leading importer of iron ore and relies on Australia for half of its purchases. The Chinese steel industry will produce 799Mt of crude steel products in 2014,

US steel prices driven down by cheap imports

Increased steel imports in the U.S. are expected to drive down prices. The average U.S. price for a roll of hot-rolled coil is now $676. By comparison, the current price for Chinese hot-rolled coil available to U.S. buyers is $540

China: Steel prices toward a bull market

Steel reinforcement-bar or rebar advanced 10 percent to 3,735 yuan on the Shanghai Futures Exchange since reaching this year’s low on June 14 and may extend the rally to 20 percent by the end of 2013, meeting the common definition

Surging Chinese Steel Exports Put Pressure on World Prices

A surge in Chinese steel production and a flood of exports are pressuring world-wide steel prices despite Beijing’s efforts to rein in the steel industry, in the latest example of the global impact of China‘s massive industrial overcapacity. Global steel prices

Baosteel cuts steel products prices in China

Baosteel, the nation’s largest listed steelmaker has cut the prices of its main steel products by about three percent for the first time in the nine months, Shanghai Securities News reported. According to the factory policy for June bookings issued

China: steel industry in need of restructuring

Worldwide steel mills have reached a total estimated supply capacity of 1.8 billion tons, vs. a steel global demand of only 1.5 billion tons. Like Europe, China produces too much steel and it must restructure its industry. Over the last