China Steel Intelligence
Chinese steel exports remain on track to exceed 100 million tonnes in 2024. Investigations into tax evasion have proved disappointing. China’s net steel exports have returned to the historical highs of 2015-2016.
However, the rest of Asia has changed. Capacity in Southeast Asia has increased, and demand growth has slowed. …
Chinese export markets have turned quiet with growing rumours of an investigation into exports which evade VAT. Competitive Chinese steel exports have grown in volume aggressively in global markets, with traders able to undercut official steel mill offers significantly.
If there is a crackdown on VAT evasion, what will the …
Kallanish held its Asia Steel Markets 2024 conference in Ho Chi Minh City on 27-28 March. Confidence in markets this year was not strong, but participants also highlighted opportunities in the significant structural changes coming to the sector in the next decades.
In the short term, changing trade flows, tax …
China’s policy settings for 2024, released in the Government Work Report on 5 March, disappointed markets. Although the government will continue to expand fiscal support for the economy, targets were viewed as too conservative to engineer a strong rebound, especially for traditional steel-intensive sectors. This suggests that China will not …
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous