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Chinese associations offer proposals to cut steel production by 2021
Chinese steel industry associations have offered thoughts on how to cut China's steel production in 2021 in response to a call from the Ministry of Industry and Information Technology (MIIT) and the China Chamber of Commerce for Metallurgical Enterprises (CCCME). The...
Turkish imported scrap prices fall
Turkish imported scrap prices fall, trade slows as demand for finished steel slows. Turkish imported scrap prices have fallen further in a recently concluded deal. However, limited trade has been reported this week. The Turkish lira has been the best performing...
China’s steel consumption to grow by 7% in 2020
According to the China Iron and Steel Association (CISA), China's actual steel consumption increased by 7% year-on-year, mainly in the manufacturing and construction sectors, and a further modest increase is expected in 2021. Last year, China's actual demand for...
China’s semi-finished steel imports hit record high in 2020
New data from China's General Administration of Customs showed that the country imported 18.3 million tonnes of semi-finished steel in 2020, five times more than in 2019 and reaching a record level since 2006. The surge in semi-finished products was in line with the...