Chinese Steel

A slippage in China’s steel output in April raises the possibility of more cuts ahead, but it also raises a key risk. The answer lies in the balance

Cheap Chinese steel deluge affects Indian steel majors

Companies are lowering their guidance as falling prices hurt their profitability, leaving them hoping for some relief in the Budget from rising imports

Cheap Chinese steel likely to curb Indian exports next year, says SteelMint

India's steel exports for FY2022-23 stood at 6.72 million metric tonnes (mt), down about 50 percent year on year, while the imports were at 3-year high.

India imposes anti-dumping duty on some Chinese steel for 5 years

During April-July, China was the second biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year earlier.

China’s high rebar inventories, lower prices have hit global ferrous metal industry, says Steelmint CEO

Dhruv Goyal tells Moneycontrol that China’s steel production is likely to impact prices in the near term, while Indian production could help decide the long-term outlook for the steel industry

US hikes tariffs on Chinese steel exported via Vietnam

The Commerce Department said Monday that importers will be required to post deposits to pay possible duties of 39 to 256 per cent of the value of steel imported from Vietnam that is made with materials from China.

6 countries question India on anti-dumping action at WTO

China has told the World Trade Organisation that it is concerned about anti-dumping probe initiated by India on its steel. It has maintained that even unrelated companies are being questioned by India.

China criticizes European import duties on steel

The EU duties announced Friday are the latest in a series of measures taken by Europe, the United States and other trading partners in response to what they say are improperly low prices for Chinese steel. They complain the flood of Chinese exports is depressing global prices, hurting foreign competitors and wiping out jobs.

China objects to India's anti-dumping probe into Chinese steel

Countries should unite to face up to it, rather than abuse trade remedy measures, the Ministry said in a statement, adding that China and India should "properly handle trade frictions."

Not just China: Japan, S Korea push cheap steel as world reels

The underpricing by the world's second and third biggest steel exporting countries underscores the pressure facing steelmakers around the globe as the industry grapples with chronic oversupply and sluggish demand.

NMDC may revise iron ore price in Feb

State-owned miner NMDC may revise iron ore rates for February because of firming prices of the key steel-making raw material internationally.

Steel producers fear rising China exports

Leading global steel producers are bracing themselves for a surge in Chinese exports, as a marked slowdown in Asia's largest economy pushes its struggling domestic steelmakers to send more excess capacity abroad.