A Chinese steel industry group has cautioned that the newly imposed 25% tariff on steel imports to the United States could negatively affect the sector, a state media reported on Thursday. “The US move is essentially an act of trade protectionism,” the China Iron and Steel Association (CISA) said in a statement. “In the short […]
China’s iron ore imports are projected to reach an all-time high in 2025, as traders capitalize on low-cost supplies to stockpile resources for the world’s largest consumer of the commodity. This surge comes despite ongoing challenges in the property sector, weighing on domestic steel demand, according to industry analysts and market insiders. The imports reflect […]
China’s crude steel production dropped by 4.3% in November compared to October, driven by lower profit margins and seasonal weakening in demand, according to official data released on Monday. The National Bureau of Statistics (NBS) reported that the world’s largest steel producer manufactured 78.4 million metric tons of crude steel last month, down from 81.88 […]
China is seeking public feedback on new guidelines aimed at standardizing greenhouse gas emissions from the steel industry, the Ministry of Ecology and Environment said on Friday, reported Reuters. The move is part of efforts to prepare steel mills for their entry into the nation’s carbon market. The draft plan, released in September, drafted an […]
In a major setback to foreign investment in Pakistan, Century Steel Group, a leading Chinese conglomerate, has issued a warning about shutting down its operations and withdrawing its investment. Century Steel Group CEO Li Chunjian has announced plans to cease operations and withdraw investment from Pakistan, showing unresolved challenges with government entities overseeing foreign direct […]
