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China steel prices to fall on inadequate winter output cuts

Dated : 13-11-2017

China steel prices to fall on inadequate winter output cuts

China steel prices to fall on inadequate winter output cuts

China's pollution cuts will cause steel demand to be cut by 9.6 million mt in the fourth quarter, depressing steel prices, Wood Mackenzie said Friday.

Wood Mac expects the cut in steel demand will not be adequately offset by pollution-related curbs on steel production in two major and 26 lesser cities in China's northeast, Senior Consulting Manager Ming He said in a note.

"This will put downward pressures on the steel price during the winter," Wood Mac said. . . .

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China's iron ore price to stabilize in May

Dated : 09-05-2016

China's iron ore price to stabilize in May

The China Iron & Steel Association expects China's iron ore prices for both domestically produced and imported cargoes to likely soften and stabilize in May, it said in its April report released Monday. Oversupply in the iron ore market will persist, and China's exchanges have been cooling down the speculative trading on steel and iron ore futures, and iron ore price [in the physical market], thus, will probably stabilize, the report stated. On the other hand, China's demand for iron ore is unlikely to improve substantially as CISA's member steel mills will need to continue curtailing steel output, cutting e . . .

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EU adopts new prior-surveillance system for steel imports to protect industry

Dated : 06-05-2016

EU adopts new prior-surveillance system for steel imports to protect industry

he European Union (EU) announced on Friday that it had established a prior-surveillance system for import of steel products into the bloc in order to further protect its own steel industry. Based on the regulation adopted on Friday, imports of steel products into the EU will now need an import license, said the EU�s executive arm the European Commission in a statement. The commission said the new mechanism was part of �a series of measures aiming to support the EU steel sector.� The EU has long claimed that importing steel products from third countries, such as China, have jeopardized its own labor market . . .

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