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Chinese steelmakers reduce September prices for flat rolled products

Baosteel cut prices for steel coil for September sales by $14/t China’s largest flat producers (Baosteel, Angang and Bengang) have reduced flat offer levels for September sales, which are expected to be challenging. This is reported by Baosteel cut prices for steel coil for September sales by $14... Read More

China continues to increase steel exports in H1 2024

Due to weak domestic consumption, local steelmakers direct surpluses to unprotected export markets In the first half of 2024, Chinese steelmakers significantly increased steel exports by 24% compared to January-June 2023 (to 53.4 million tons). Local producers are trying to find markets for their... Read More

Welded steel pipe market expected to improve

In 2024, China’s steel industry continues to grapple with significant challenges both domestically and internationally. Geopolitical conflicts have intensified, and the Federal Reserve’s repeated delays in interest rate cuts have compounded these issues. Domestically, the shrinking re... Read More

International crude oil prices remain constant on Jul 18

The market was worried about the slowdown in the United States’ economic growth, but it expected the Federal Reserve System (FED) to cut interest rates soon. International crude oil prices remain constant on July 18 amid mixed messages about crude oil demand. West Texas Intermediate (WTI) c... Read More

What material is A36 made of?

A36, also known as ASTM-A36, is a type of steel under the American standard ASTM with a yield strength of 36KSI (≈250Mpa). Comparing its physical and chemical properties standards with several common types of steel in domestic standards: Summary of comparison: 1. Because Q235B is resistant to ... Read More

Foreign trade set to stay resilient this year

China’s foreign trade, buoyed by the steady upturn of the domestic economy and an improved trading structure increasingly driven by high-tech and green products and export market diversification, will continue to exhibit resilience this year, according to officials and executives on Friday.... Read More

Italian firms keen to attend China’s import expo

MILAN, Italy, April 20 (Xinhua) — Representatives of the Italian business community said Friday that the 7th edition of the China International Import Expo (CIIE) will create opportunities for Italian enterprises to enter the Chinese market. Co-organized by the CIIE Bureau and Chinese Chamb... Read More

Chinese premier to attend closing ceremony of 19th Asian Games

BEIJING, Oct. 6 (Xinhua) — Chinese Premier Li Qiang will attend the closing ceremony of the 19th Asian Games in Hangzhou, Zhejiang Province, on Oct. 8, a foreign ministry spokesperson announced on Friday. Li will also hold a welcoming banquet and bilateral events for foreign leaders attendi... Read More

Interview: Belt and Road brings enormous opportunities for Kyrgyzstan, says official

BISHKEK, Oct. 5 (Xinhua) — The Belt and Road Initiative (BRI) has opened up enormous development opportunities for Kyrgyzatan, a Kyrgyz official has said. Kyrgyzstan-China relations have been developing intensively in recent decades and today they are characterized as strategic, said Zhalyn... Read More

Beijing, Shanghai enhance foreign investment climate

New measures released by the Beijing and Shanghai municipal governments to grant greater freedom to foreign investors to move their capital in and out of China underscore the nation’s efforts to improve the business environment, attract more foreign investment and better facilitate the coun... Read More

China-Arab States Expo yields fruitful results

YINCHUAN, Sept. 24 (Xinhua) — Economic and trade cooperation has been highlighted at the four-day 6th China-Arab States Expo, held in Yinchuan, capital of northwest China’s Ningxia Hui Autonomous Region, with over 400 cooperation projects signed. Planned investment and trade for these... Read More

Interview: Ethiopia keen to deepen cooperation with China under BRI — official

ADDIS ABABA, Sept. 16 (Xinhua) — Ethiopia stands ready to further deepen cooperation with China under the Belt and Road Initiative (BRI), said a senior Ethiopian official. “Ethiopia attributes its double-digit growth in the past decades to investment from China. The kind of infrastruc... Read More
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