The recent run up in interest rates has squeezed credit availability in China. Asian-based iron ore traders told Argus that the squeeze in credit availability was leading to the cancellation of some transactions after expected credit was withdrawn. It was …
China''s central bank had injected liquidity in order to reduce the Shibor to more stable levels. The recent run up in interest rates has squeezed credit availability in China. Asian-based iron ore traders told Argus that the squeeze in credit availability was leading to the cancellation of some transactions after expected credit was withdrawn.
Market forces could finally achieve what Beijing''s mandarins couldn''t -- force consolidation in China''s booming steel sector.
Chinese rebar steel futures rose for a fourth straight day on Thursday amid Beijing''s campaign to shave excess steel production capacity, helping stretch gains in raw material iron ore. The rally in both commodities extended last year''s surge that came after years of losses, with analysts saying steel prices may remain strong as China''s resolve to address overcapacity tightens supply. …
518· Falling steel prices squeeze China EAF mills'' margins Mysteel''s latest survey among 40 independent electric-arc-furnace (EAF) steel mills nationwide showed that as of May 13, they were losing around Yuan 35 ($5.2) on every tonne of rebar they sold while over the previous survey period, these mills could still enjoy a margin albeit a tiny Yuan 15/t.
Chinese steel companies, the world’s largest, helped drive a regional industry benchmark index to a seven-month low as concern builds that some mills face financial difficulty amid a …
2024815· BEIJING – Chinese steelmakers slashed output in July as woeful demand forced steep cuts on an industry contending with a collapse in …
2 · Get top news and insights on China''s Ferrous markets from Mysteel''s 3,000+ on-the-ground data and news reporters. Gain unparalleled clarity into this opaque market.
2025325· Some Chinese steel mills have begun cutting production, according to Mysteel, as a supply glut and low profitability weigh on the industry.
2010114· Steel prices in China fell slightly this week as buyers mulled the impact of tighter monetary policy on demand from the property market, traders and analysts said.
2 · Get top news and insights on China''s Ferrous markets from Mysteel''s 3,000+ on-the-ground data and news reporters. Gain unparalleled clarity into this opaque market.
2014224· Chinese steel mills credit woes have further depressed domestic silicomanganese prices, market sources said Monday.
2025317· China recently announced plans to curb its steel industry, with potential ramifications for numerous industries and nations.
2014224· Chinese steel mills credit woes have further depressed domestic silicomanganese prices, market sources said Monday.
2010114· Steel prices in China fell slightly this week as buyers mulled the impact of tighter monetary policy on demand from the property market, traders and analysts said.
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202558· BEIJING (Reuters) -China''s steel exports are set to slump in the second quarter, threatening to exacerbate a supply glut at home, analysts and …
2020114· China''s appetite for high-grade iron ore this winter looks set to drop from the peaks hit in recent years as steel mills try to cut costs and prop up profit margins weighed down by the nation''s
2025514· China''s plans to reduce its annual crude steel output for 2025 are progressing, with some mills receiving or being informed about the output cut targets. However, market …
202558· Steelmakers in China rushed to ship steel out early this year before they were hit by a wave of tariffs and a plunge in orders. This file …
2025324· Several steel makers in northwestern China''s Xinjiang region began production cuts from Monday, local reports said, after Beijing earlier …
China steel mill boss detained for pollution offences - state media Reuters 2,189d
In a move that could further erode Australian mineral exports to China, the government there says it is preparing to cut off credit to under-performing steel mills in the hope that they will close
202513· U.S. Steel (X) faces financial challenges amid blocked merger and declining steel prices, raising concerns about long-term survival. Read my analysis here.
711· China Steel Mills Hurting, Iron Ore Prices Reeling Sohrab Darabshaw | Posted on July 11, has been a roller coaster ride for iron ore prices, which dipped yet again on Monday.