Steel Pipe Exporter

In response to the decision of President Trump to withdraw its endorsement of the joint communique of the G7 Summit on the 10th, German Chancellor Angela Merkel expressed his disappointment that day. Merkel said at the same time that the EU will take countermeasures against the United States to impose steel and aluminum tariffs. On the 10th, U.S. President Trump sent a message on his Twitter that he had instructed the U.S. representatives not to sign the joint communique of the G7 summit. According to German media reports, Trump had previously said that the United States agreed to this document. In response to the latest developments, Merkel made the above statement when he was interviewed on a German TV on the same day. Merkel described the Trump decision as “watchful” and "somewhat depressing." Just after the United States announced its recent decision to impose tariffs on steel and aluminum for economies including the European Union, Canada has announced that it w...

The main competitors of Chinese steel products in the Southeast Asian market are still local steel products. In particular, with the continuous rise of local steel production capacity in recent years, there have been more and more criticisms and taboos on steel products imported from China. Trade protectionism  is gaining momentum. rise. In addition, the “spillover effect” of the “232” tariff sanction in the United States is very obvious. Many economies around the world have been “held” by the United States for not being subject to sanctions, and have jointly targeted China in the trade field, making the actual effect of trade protection “leveraged enlarge. However, on the whole, Southeast Asian countries have a relatively stable political environment, a strong willingness to develop the economy, and close economic and trade ties with China. It is unlikely that there will be a wide range of trade disputes with China. In fact, regarding the attitude of China's import of steel p...

Not only face the competition of local steel companies, China's steel products are also being squeezed by other competitors in the Southeast Asian market. On the one hand, in the high-end and high-end product areas, Japan and South Korea have obvious advantages in products, and both countries value the development potential of the Southeast Asian market. It is difficult for Chinese steel products to shake up the position of Japanese and Korean products in the Southeast Asian market in a short period of time.  On the other hand, high quality and low price are major advantages for Chinese steel products to gallop in the steel market in Southeast Asia. However, in recent years, CIS countries have shown cost advantages due to low raw material costs, vertical integration of steel companies and devaluation of currencies, even if they are transported. Far distance, high freight, and its price is still more attractive to the Southeast Asian steel market. In 2017, the Commonwealth of I...

According to the statistics of the China Iron and Steel Association, in 2017, China exported approximately 75.41 million tons of steel, a year-on-year decrease of 33.08 million tons, a decrease of 30.5%; and exports of steel to ASEAN 22.35 million tons, a year-on-year decrease of 15.69 million tons, a decrease of 40%. However, even if the export volume drops sharply, ASEAN is still China's largest steel export destination market. In 2017, China's steel exports to ASEAN accounted for 30.8% of total exports. There are three reasons for the significant reduction in the number of steel exports to ASEAN. First, China has achieved remarkable results in reducing its steel production capacity. Second, the domestic steel market rebounded sharply in 2017, prices have risen steadily, and the export pressure and willingness of steel companies have declined to some extent. The growth of ASEAN’s domestic steel production is exemplified by Vietnam, the largest steel producer in ASEAN. In...

In terms of supply, the structure of the steel industry in Southeast Asia presents the following characteristics: Only a handful of iron-smelting production capacities are available; steel making is mainly based on electric arc furnace steel making, and production capacity is very limited; rolling capacity is relatively large, and after continuous investment in recent years. The production capacity has grown rapidly, but the deep processing capacity of steel products with added value has not been sufficient. EAF steel making uses scrap as its main raw material, while the small amount of scrap accumulated in South-East Asia and the large amount of imports have created a cost burden. Compared with billets produced in China, South Korea, Japan, and the Commonwealth of Independent States in the long-process model, there is no price advantage. Therefore, for a long time, rolling mills in Southeast Asia are more willing to import low-price billet materials from abroad, resulting in ...

In terms of demand, countries in Southeast Asia have started relatively late and their economic foundations have generally been relatively weak. In particular, the development of the steel industry has lagged behind. However, in recent years, with the continuous deepening of economic globalization and the continuous adjustment of the global industrial chain, the cheap labor resources and other factors in Southeast Asia have attracted large amounts of investment, which has accelerated the process of industrialization in the region, and has met the needs of the domestic industry. The rapid development of the manufacturing and processing industries, which mainly meet the demand for foreign exports, has driven the continuous growth of steel demand. It is estimated that the ASEAN 10 countries (Malaysia, Indonesia, Thailand, Philippines, Singapore, Brunei, Vietnam, Laos, Myanmar, and Cambodia) will need 70 million tons of steel in 2017, and it is expected to increase to 80 million t...

Southeast Asia is the world's major import market for steel. World Steel Association statistics show that in 2017, Thailand's net imports of 12.6 million tons of steel, becoming the world's second largest net importer of steel products after the United States; Vietnam net imports of steel 12.3 million tons, ranking third in the world; other Southeast Asian countries China and Indonesia have a net import of 8.7 million tons of steel, the Philippines has a net import of 7.3 million tons of steel, and Malaysia has a net import of 6 million tons of steel. The net imports of steel from Southeast Asia and the five countries in 2017 reached 46.9 million tons, which is reflected in the imbalance of steel supply and demand in the Southeast Asia region. Formosa Plastics Vietnam Iron and Steel Project and Industrial Park joint steel project have been put into operation successively, and several other steel joint projects have been started and put into operation one after another....

China is striving to become the world's major science center and innovative highland. According to the top 10% of citations cited, the number of papers in China ranks first in the world in four areas: computer science and mathematics, chemistry, materials science, and engineering; and the United States is equally divided among the top eight major areas. In recent years, China has been advancing basic research and applied basic research. Chemistry, materials, physics and other disciplines are among the highest in the world. Iron-based superconducting materials maintain the highest international transition temperature, and quantum abnormal Hall effect and multiphoton entanglement lead the world. Sub-oscillations, stem cells, and use of somatic cell clones for macaques have achieved important original breakthroughs. Wukong, Mozi, Huiyan, Huixing, and other series of scientific satellites have successfully launched, 500-meter-diameter spherical radio telescopes, Shanghai light...

In the 21st century, global scientific and technological innovation has entered an unprecedented period of intensive activity. A new round of scientific and technological revolutions and industrial changes are reconstructing the global innovation landscape and reshaping the global economic structure. Science and technology have never as profoundly affected the country’s future and destiny as it has today, and have never as profoundly affected the well-being of the people as it is today. To this end, the Party Central Committee made major decisions in a timely manner and established the core strategic goals of technological innovation. The world’s strategic high-tech innovation country. A series of major breakthroughs have been made in basic research, key technologies, and strategic equipment. For example, manned spaceflight and lunar exploration projects have achieved important results. For example, manned deep diving, deep exploration, and domestic aircraft carriers are entering ...

Check www.xysteelpipe.com for more info. Contact Email: sales@xysteelpipe.com MP: +8613739082333 Skype: adashaw88 On 6th June, 2018, Australia Government, Department of Industry, Innovation and Science issued the Anti-Dumping Notice No.2018/74 target on Certain Hollow Structural Sections. This Anti-Dumping Notice is aiming at export from People’s Republic of China, the Republic of Korea, Malaysia and Taiwan, finding in relation to a review of anti-dumping measures. The Commissioner of the Anti-Dumping Commission has completed a review, which commenced on 14 July 2017, of the anti-dumping measures applying to certain hollow structural sections(the goods) exported to Australia from the People’s Republic of China, the Republic of Korea, Malaysia and Taiwan. The anti-dumping measures are in the form of a countervailing duty notice in respect of China and a dumping duty notice in respect of China, Korea, Malaysia, and Taiwan. Zed Seselja, the Assistant Minister, Direct, p...

ASTM A53 Standard refers to seamless and welded steel tube, about surface treatment, it also refers to black and hot-dipped galvanized steel tube. The tube categorized in this standard must be open-hearth, basic-oxygen or electric-furnace processed and must have the following chemical requirements:  carbon, manganese, phosphorus, sulfur, copper, nickel, chromium, molybdenum, and vanadium, etc. The tubing shall go through a  seamless  or welding technique. Tension, bend, and flattening tests shall be performed to make sure that it must adhere to the mechanical properties of the standard. Hydrostatic test shall be applied, without leakage through the weld seam nor the pipe body. Nondestructive electric test shall be made to make sure that the full volume of the tube must be in accordance with the standard. The purchaser shall have the right to perform any of the inspections and tests set forth in this specification where deemed necessary to ensure that the tu...

On June 5, the 62% grade dry ore fines for direct import of iron ore were landed at US$64.30/tonne (ie, US$1.0371/tonne), an increase of US$0.67 per ton, or an increase of 1.05%. The average price for the month was $64.00/ton. On June 5, the RMB tax-inclusive price of 62% grade dry ore fines of iron ore imported from the spot trade was 499.37 yuan per ton, an increase of 4.74 yuan per ton or an increase of 0.96%, and the average price of the month was 497.23 yuan per ton. On 5th June, the CIF price of direct imported iron ore 58% grade dry-base ore fines was US$52.10/tonne (that is, US$0.8983/ton-ton), which was US$0.63/ton higher than the previous cycle, an increase of 1.22%; the average price for the month was 51.84 US dollars / ton. On June 5, the tax-inclusive price of RMB 58.77/ton for 58% grade iron ore imported from the spot trade was RMB 3.85 per ton, an increase of 0.95%, and the average price for the month was RMB 409.28 per ton.

Tianjin Xinyue Steel Group adhering to the environmental-friendly development concept of “manufacturing environmental-friendly steel for human civilization”, adhering to ecological priorities, environmental-friendly industry development, and taking the lead in implementing environmental-friendly transformation in the steel industry. Recently, Xinyue once again taking the lead in the industry to implement environmental-friendly development of green manufacturing, environmental-friendly industry, environmental-friendly products, environmental-friendly procurement, environmental-friendly logistics and environmental-friendly mines, adhere to the "quality first, efficiency first", and further consolidate and develop existing advantages. The report of the 19th National Congress clearly stated: "The modernization we are building is the modernization of the harmonious coexistence between man and nature. We must create more material wealth and spiritual wealth to meet th...

Russian Foreign Minister Sergey Lavrov said on May 21 that India and the Russian-led Eurasian Economic Union will start negotiations on creating a free trade area this fall. The Eurasian Economic Union was founded in 2015. The member countries are Russia, Kazakhstan, Belarus, Kyrgyzstan, and Armenia. Russian President Vladimir Putin said in St. Petersburg on May 25 that Russia supports free trade and economic integration, and called on partners in the West and Asia to work hard to achieve the goal of stable development and jointly explore economic growth models that can meet current challenges. At present, the continued upward movement of oil prices also provides Russia with a good foundation for accelerating economic development.  As the supply and demand in the international market gradually converged, international oil prices continued to rise this year. New York oil prices have now risen from about $30 a barrel in early 2016 to the current level of about $65. London ...

Putin was sworn in at the Kremlin last month and began his fourth presidential term. Putin has made breakthrough development a task for the next six years, demanding that the growth rate of the economy be raised above the world average and that macroeconomic stability be maintained. Focusing on domestic development will be the priority direction for Putin’s administration in the new term. Putin stated in his State of the Union address in March that a series of development goals of Russia over the next six years, including that the growth rate of Russia’s economy should surpass the average growth rate of the world economy in the next six years; by the middle of the twentieth century, Russia’s economy should remain stable in the world. The top five; Russia will work hard to raise the income of residents, and by the middle of the twentieth century, the per capital GDP of Russia will be increased by 50% compared with the present. Some analysts believe that despite Putin’s clear de...

When explaining the recent intensive diplomatic activities of Putin, Russian President Press Secretary Peskov said that this aspect is due to a complicated geopolitical situation. On the one hand, Russia hopes to implement the domestic policy for Russia through the development of equality and mutual benefit relations with other countries. Economic and social development plans create a good environment. In addition, opposition to U.S. trade protectionism, especially the “steel-aluminum tariffs” is a common urgent task for both Russia and Europe. Putin said in a welcome letter published on the official website of the St. Petersburg International Economic Forum that one of the tasks of the forum is to discuss how to enhance global economic stability and improve economic efficiency. To achieve this goal, it cannot be allowed in multilateral trade and investment fields. To artificially set obstacles and improve the level of mutual trust in the implementation of large-scale joint projec...

The warming momentum in Russia-Europe relations has recently emerged. Analysts believe that on the issue of Iran's nuclear agreement and trade, the EU and the United States have serious differences recently, and the positions between Russia and Europe are relatively close. The anti-Russian sanctions that have lasted for many years have caused both Russia and Europe to lose. Starting from their respective interests, both Russia and Europe now have the desire to strengthen dialogue. In the future, the two sides may further communicate and cooperate in the areas of economy, trade, energy, and security, as well as hot issues in Iran, Syria, and Ukraine. On May 24, Putin met with French President Mark Long who paid an official visit to Russia. After the talks, the economic departments of Russia and France signed a joint statement on the future economic partnership between the two parties. Macron said that France recognizes Russia's powerful leadership role on some international...

The official website of the Russian Legal Information issued on the 4th this day Putin signed the legal document. According to this law, the Russian government can introduce various countermeasures. The new law takes effect on the date of signing. Forms of countermeasures include the termination or suspension of international cooperation with unfriendly countries or institutions, prohibiting or restricting the import and export of products and raw materials with unfriendly countries or institutions, and prohibiting or restricting the participation of institutions under the jurisdiction or control of these countries in the Russian government. Procurement projects and state-owned assets privatization projects. The U.S. side has previously imposed sanctions on a number of individuals and entities in Russia, leading to continued deterioration of relations between the  two countries. Trump expressed his willingness to improve relations with Russia several times before and after...

The U.S.-Russia relationship has continued to deteriorate, and relations between Russia and the EU have recently getting better. Russian President Vladimir Putin signed legal documents on the 4th to counter the sanctions imposed by the United States and other countries against Russia. The analysis pointed out that since Putin began a new term of office last month, he has made development of the economy one of the priority directions for the government. At present, factors such as accelerating cooperation with the European Union and other parties, continuing upward oil prices and the effect of the World Cup will provide good momentum for the accelerated development of the Russian economy foundation. The official website of the Russian Legal Information issued on the 4th this day Putin signed the legal document. According to this law, the Russian government can introduce various countermeasures. The new law takes effect on the date of signing. Jointly oppose the "steel-...

According to foreign media reports, the United States has taken effect on Brazil’s quotas and tariffs for steel and aluminum exports to the United States. The Brazilian government says it is “unfair” and is willing to negotiate and find solutions that are beneficial to both industries. According to the new quota system accepted by Brazil's steel industry, Brazil's steel products exported to the United States will be reduced by about one-fifth. This is a blow to Brazil's steel-making industry, which has already been hit hard by both the idleness of production capacity and global oversupply. The Brazilian aluminum manufacturing industry did not accept quotas because of the selection of tariffs. Therefore, aluminum exported to the United States  will be subject to a 10% tariff. Brazil declared that the implementation of quotas and tariffs will also harm the US industry that imports Brazil’s steel and aluminum, and importers will face higher costs. The Brazilia...

The decision of the United States Trump administration to impose high tariffs on  steel and aluminum products  has been strongly opposed by the international community. Many economies such as the European Union and Japan have warned that this measure by the United States may not only affect multi-party trade interests but also threaten the stability of the rules-based multilateral trading system. Some US trade experts and politicians believe that the Trump administration's decision to impose high tariffs on steel and aluminum products in the European Union and other economies will undermine trade relations between the United States and its major allies, and make it more difficult to negotiate new North American free trade agreements. . Simon Lester, the trade policy analyst at the American Kato Institute, believes that steel and aluminum tariffs in the United States will make it more difficult to negotiate new North American Free Trade Agreements and harm trade relations ...

On the 1st, in response to a question raised by many countries criticizing the United States forcing steel and aluminum tariffs. Foreign Ministry Spokesman Hua Chunying said: With the current deepening of economic globalization and the increasingly intermingling interests of various countries, the use of neighbors will allow bullets to flutter and fly. Not any constructive. She called on all countries, especially major economies, to resolutely oppose trade and investment protectionism, and to safeguard the multilateral trading system and the normal international trade order. At the regular press conference on the same day, a reporter asked: According to reports, the U.S. Department of Commerce announced that it will impose tariffs of 25% and 10% on the US, Canada, and Mexican exports to U.S.  steel and aluminum products  from June 1. All parties strongly criticized. The current international pattern is undergoing unprecedented and profound changes. The hot and difficu...

In a wave of opposition at home and abroad, U.S. Secretary of Commerce Ross said on the telephone briefing on May 31 that the United States will impose 25% and 10% on imported steel and aluminum products from the European Union, Canada, and Mexico from June 1. % of tariffs. Subsequently, the White House officially issued a statement on the matter. The statement also stated that the United States will continue to pay attention to changes in the import of steel and aluminum products and adjust the taxation measures in accordance with the needs of national security. In response to the United States’ decision to impose tariffs on steel and aluminum for the European Union and other countries, European Commission Chairman Juncker immediately issued a press statement on the same day saying that these unilateral measures by the United States are unreasonable and the EU will immediately launch a dispute resolution mechanism to the WTO and will The United States soon took countermeasures. O...

According to the World Steel Association, Qatar’s crude steel production peaked in 2014 at 3.02 million tons, which has been decreasing year by year from 2015 to 2016, to 2.5 million tons by 2016, and by 4.9% to approximately 2.6 million by 2017 Tons ranks 40th in the world. In 2015, steel consumption in Qatar was 1.5 million tons. Following Iran, Saudi Arabia, UAE, Iraq, and Israel, it ranked sixth in the Middle East, mainly for construction and infrastructure construction. During the same period, Qatar’s per capita steel consumption was 669.4 kg, which is higher than the world’s average of 208 kg and the Middle East’s 225 kg. In order to achieve self-sufficiency in construction steel and maximize the value of natural gas resources in the country, Qatar Steel smelting mainly uses Midrex steel production process, which uses natural gas shaft furnace to convert iron oxides in the form of pellets or lump ore into direct reduced iron ( DRI). Midrex steel production process has the ad...

Rich oil and gas resources make it one of the richest countries in the world. However, although the human development index of Qatar is very high and the people are extremely rich, due to their underdeveloped industries, they cannot be considered as developed countries. In Qatar, oil and gas revenues account for more than 50% of total government revenue and 90% of total export revenue. In terms of natural gas, Qatar is the third largest natural gas reserve in the world after Russia and Iran. Natural gas reserves are much higher than oil reserves, of which the proven reserves of liquefied natural gas (LNG) are 24.5 trillion cubic meters, or about 1617 equivalent oil equivalents. Billion barrels. The Persian Gulf region between Qatar and Iran has the largest natural offshore gas field in the world. Iran calls it the South Pars and Qatar calls it the North Dome. However, in recent years, as the United States, Australia and other countries have ranked among the LNG export countries, Q...

Check www.xysteelpipe.com for more info. Contact Email: sales@xysteelpipe.com Skype/WhatsApp/MP: +8618974849825 In 2018, the Qatari government will focus on supporting the industries and projects related to the construction of the 2022 World Cup and encourage the development and construction of related projects in the tourism, SME and economic zone, and infrastructure construction in the free zone, among which traffic and infrastructure construction projects are expected. Spending 11.5 billion U.S. dollars. In order to reduce its dependence on the oil and gas industry, Qatar is currently pushing for the development of diversified industries such as steel. The huge investment in infrastructure projects and abundant oil and gas resources will create opportunities for the development of the steel industry. On the oil front, since the middle period of 2014, the oil price between the United States and Saudi Arabia has played a "fighting game with chickens." Affected by th...

The German government responded on the same day that it refused to accept the steel and aluminum tariff imposed by the United States on the 31st that the United States announced that it would levy a tariff on imported steel and aluminum from the EU on June 31st. On April 30 this year, the United States announced the extension of the 30-day exemption period that has expired until June 1. On May 31, the White House stated that President Trump decided not to extend the exemption period. This means that the EU, Canada, and Mexico will be imposed by the United States on imported steel and aluminum tariffs from June 1. In this regard, the German Federal Government spokesman Steffen Seibert issued a statement on the 31st, saying that the German federal government "refused to accept the  steel  and aluminum tariff imposed by the United States." Saibei Te said that the German side believes that this unilateral act is "violation of the law," and the "domesti...

As a leading steel mills in Tianjin, China, Tianjin Xinyue Steel Group should try our best to build a better steel world. Then what can we do? First, we must reasonably control the pace of production and strive to maintain market stability. Second, we must unwaveringly resolve excess steel production capacity, and strive to consolidate the output of production; Third, we must take multiple measures to accelerate the steel enterprises to deleverage, and strive to prevent capital risks; Fourth, we must resolutely deal with trade Protectionism challenges and safeguards the interests of the Chinese steel industry. Fifth, we must accelerate the green transformation and upgrading of the steel industry in accordance with the requirements for building beautiful China. Check www.xysteelpipe.com for more info. Contact Email: sales@xysteelpipe.com Skype/WhatsApp/MP: +8618974849825

Check www.xysteelpipe.com for more info. Contact Email: sales@xysteelpipe.com Skype/WhatsApp/MP: +8618974849825 In the future, the steel industry must focus on four major issues. First, the excessive growth of crude steel production will bring greater pressure on the market this year. In recent years, member iron and steel enterprises have achieved certain results in strengthening self-regulation, and advantageous companies have accumulated some experience in playing their role as market players. However, since the beginning of this year, the non-member company's steel production has increased significantly, which poses a large downward pressure on the market. The second is profit-driven capacity expansion. Some companies have violated the regulations or have come up with electric stoves. The re-emergence of “Grid Steel” and the problem of overcapacity have not yet been completely resolved. Third, the United States adopted trade protectionism measures and severely...

Check www.xysteelpipe.com for more info. Contact Email: sales@xysteelpipe.com Skype/WhatsApp/MP: +8618974849825 On April 19, Guangdong Province issued the 2018 annual plan to promote the withdrawal of backward production capacity. It plans to focus on industries such as  steel , cement, and flat glass, and improve market-based, legal-based mechanisms to strictly enforce normal enforcement and mandatory standards. A number of energy consumption, environmental protection, and safety technologies failed to meet the standards and the production of substandard products or phased-out production capacity was shut down according to regulations. The environmental quality was improved and the industrial structure was continuously optimized and upgraded. Guangdong Province will verify the implementation of energy consumption quota standards for enterprises, carry out special supervision of the steel price ladder, and urge enterprises with installation conditions to install and opera...

Check www.xysteelpipe.com for more info. Contact Email: sales@xysteelpipe.com Skype/WhatsApp/MP: +8618974849825 In April, Tianjin Municipality formulated a plan to prevent the re-ignition of "Gibbon Steel". According to the plan, Tianjin will further improve the system construction, improve the coordination mechanism, strengthen the evaluation and accountability, keep up with the rest of the world, and make constant efforts to prevent the re-emergence of “Grid Steel”. Tianjin has formulated a number of safeguards. The first is to strengthen the list management, establish a list of companies and key monitoring areas and enterprises, and establish a dynamic inventory update mechanism. The second is to strengthen the training of administrative staff, improve their ability to grasp and respond to the new situation and new problems of “Dianzigang”; increase the training of grid staff to ensure that the grid staff can grasp the first-hand information of the area in ti...

In early May, the international steel market experienced a full-scale correction. Although the trade war provoked by the United States has shown signs of abating, the steel market, including the United States, has also seen a trend of over-regulation. To this end, combined with the fundamental situation forecast, the international steel market in the second half of May may continue to adjust its trend. The application of tariffs by the United States did not affect the export of steel and aluminum products in China. According to data released by the General Administration of Customs of China, China’s exports of steel and aluminum all increased significantly in April this year. Asian steel market: horizontal consolidation. The benchmark steel price index for steel homes at 130.3 points in the region fell by 0.7% (down from a rise) on  a week-to-week basis, which was a month-on-month increase of 2.3% (from rising to rising) and year-on-year increase of 23.4%. In terms of ...

According to the May 27 news from the Financial Tribune, the latest report released by the World Steel Association shows that in the first four months of this year, Iranian steel mills produced a total of 812 million tons of crude steel, an increase of 27.6% compared with the same period of last year. The country’s steel output for the month of April rose by 12.4% compared with the same period of last year to 1.95 million tons. Iran is currently the 11th largest steel producer in the world. The country is ranked between 10th in Italy and 12th in Mexico. The cumulative production of crude steel in the same period this year was 8.48 million tons and 6.99 million tons respectively. In the first four months of this year, 64 steel producing countries worldwide produced 575 million tons of steel, up 4% compared with the same period of last year. In April, global steel production was 148 million tons, an increase of 4.1% compared with the same period of last year. Check ...

On the morning of the 29th, Beijing time, the Canadian International Trade Tribunal said on Monday that it had initiated preliminary anti-dumping investigations on steel imports from China, South Korea and Vietnam. ​ The court will investigate whether the dumping and subsidy of “cold-rolled carbon steel products” imported from these three countries have caused damage to Canada’s steel industry. The Canadian International Trade Tribunal operates under the Canadian trade remedy system and reports to Parliament. The court said that the results of the investigation will be determined on July 24. Check www.xysteelpipe.com for more info. Contact Email: sales@xysteelpipe.com Skype/WhatsApp/MP: +8618974849825

On May 28, the China Iron Ore Price Index (CIOPI) was 233.46 points, a decrease of 1.15 points from the previous quarter, a decrease of 0.49%. Among them, the domestic iron ore price index was 229.48 points, up 0.28 points month-on-month, with an increase of 0.12%; the imported iron ore price index was 234.06 points, a decrease of 1.37 points, a decrease of 0.58%. On May 28, the 62% grade dry ore fines for direct import of iron ore were landed at US$63.22/tonne (ie, US$1.0197/tonne), a decrease of US$0.37/ton from the previous quarter, a decrease of 0.58%. The average price for the month was $65.77/ton. On May 28, the RMB-inclusive price of 62% grade dry ore fines of iron ore imported from the spot trade was 491.77 yuan/ton, a decrease of 3.90 yuan/ton from the previous quarter, a decrease of 0.79%, and the average price of the month was 509.95 yuan/ton. On May 28, the CIF price of direct imported iron ore 58% grade dry-base ore fines was US$50.85/tonne (ie, US$0.8767/tonn...

Analysis of late-stage steel futures prices not only depends on the current price and trading conditions, but also takes into account changes in resource supply, market demand, and inventory levels, as well as their influencing factors. On the supply side, according to statistics, the domestic crude steel production in April has reached 933 million tons. Such a high level of resource supply far exceeds market expectations. Undoubtedly, this will allow the market to heat up the supply side's concerns. However, the national policy of restricting production of environmental protection is still in force, which restricts the increase in supply to a certain extent. In terms of inventory changes, according to statistics, the total number of rebar stocks has declined continuously since May. At present, the social inventory of rebar is lower than the same period in 2014, and the inventory of steel mills is lower than the same period in 2015. In terms of demand, the growth is not very c...