China will raise its export tariffs on ferro-chrome and high-purity pig iron from August 1, its Ministry of Finance said on Thursday July 29.
A number of Chinese dealers and business entities are taking over Japanese scrapyards, or setting up scrap businesses in Japan, to secure sufficient supply of the steelmaking raw material for steel mills in China, market sources told Fastmarkets this week.
Asian steel market participants are gearing up for another action-packed year in 2022, when they are set to battle with the effects of possible economic headwinds from China and a deepening drive for decarbonization on the continent, sources told Fastmarkets
China’s road to decarbonization caused quite a stir in the steelmaking raw materials segment in 2021, and market participants expect more uncertainties in 2022
China’s decision to remove its import tax on all steel billet last week means Fastmarkets will not proceed with any changes to limit data points to Asean-origin prices.
The latest forecasts and analysis of the ferrous scrap and iron metallics market from the Fastmarkets research team are ready to be viewed.
Nearly two months after Chinese steel mills were verbally notified to halt imports of Australian coal, market participants and industry analysts tell Fastmarkets about the consequences of the ban and their predictions for its future.
The latest forecasts from Fastmarkets’ team of analysts are ready to view.
The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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