Rio Tinto sell Australia coal mine share

According to British media reports, Australian mining company Rio Tinto will sell its 50.1% share of Clermont coal mine in Australia to Swiss commodities giant Glencore Xstrata and Japan's Sumitomo, transaction amount of $ 1.02 billion.

Rio Tinto said in a public statement, in the process of the company continues to optimize the investment combination, the transaction will reflect shareholders' investments. Rio Tinto said after the sale of 50.1% of the Clermont coal mine shares, company will be committed to the long-term development of other mining in central Queensland region.

So far this year, Rio Tinto has announced that it has completed the divestiture of the total size of $ 2.92 billion. In addition to the announces sale of Clermont Coal Mine shares, Rio Tinto plans to sell other assets including, to China Molybdenum Group Co., Ltd. sale Australia North Parkes Copper Gold Holding stock; Selling South Africa's largest copper mine Palabora more than half of equity and transfer States nickel-copper project in the United to Lundin Mining Corporation of Canada.

In addition, because of the sharp drop in demand from China, Rio Tinto announced the first-half year profit fell 71%, company had to cut costs in various ways.

JFE to the Gulf of Mexico ultra-deep gas development project supply pipe

Japan's JFE Steel Corporation said, it has supplied 1,900 tons thick-walled tube for the U.S. Natural Resources developer Freeport-McMoRan Oil & Gas LLC.

These thick-walled tubes produced by JFE Steel Corporation Chita plant, maximum wall thickness of 1.35 inches, OD 7-9 inches, which is high corrosion resistance seamless steel pipe and use for Gulf of Mexico ultra-deep oil and gas development projects. Because of poor using environment, this product requires thicker than conventional steel, better corrosion resistance and required to resist ultra-low temperature of minus 230 degrees Celsius.

JFE Steel Corporation said the success of the project may increase the use of ultra-deep oil pipes.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, Steel Wire and Tinplate supplier in China, if you have any need, please feel free to visit our website. 

Greenland end mining ban, China will participate in the island's largest iron ore project

October 26, Greenland Parliament voted to end radioactive minerals mining ban that has been performed 25 years, this could detonate foreign investment enthusiasm on local abundant uranium, thorium, rare earths etc. mineral resources. In addition, London Mining Plc teamed up with Chinese companies has also achieved a major breakthrough of Iron ore mining on Greenland.

Insiders pointed out that further opening of Greenland mining market, the future will attract more Chinese and Australian investors to invest.

Largest iron ore project progress difficult

London Mining Plc confirmed obtain a 30-year exclusive mining iron ore contracts In the Greenland capital, Nuuk, 150 km north of the ice sheet, and to pay up to 5% of sales of royalties. This is called "Isua" of iron ore mining project is expected to be mined 15 million tons of open-pit iron, required an investment of $ 2.3 billion, which is the largest investment project in local history, total investments exceed Greenland's $ 2 billion of annual GDP.

Minister of Industry and Mining in Greenland Gierke Gao said, approved iron ore mining project was the Greenland moment in history, it is the biggest local commercial projects and will have an extremely positive impact on employment and income.

London Mining Plc is a UK listed company, Shareholders mainly composed by small companies of Australia and Canada, main business is focused on mineral exploration, development and operation, many new projects require capitalized supporters to cooperate. London Mining Plc as early as in 2010 was planned to cooperate with China, to reduce costs, the initial three-year of construction project needed 3,000 workers will come from China. Greenland capital Nuuk Parliament last December also exclusively pass a special legal work terms, which allow companies to pay the wage of foreign workers is not necessarily limited to local minimum wage. Local opposition parties and Copenhagen unions criticize that this is not only Greenland's natural resources are being plundered by China companies, but also open the door to greet cheap Chinese labor. After the passage of this bill has aroused great repercussion, In March, Prime Minister of the Government of Greenland was forced to resign, the progress of the project was also stalled.

Greenland is one of the least populated places on earth, only 56,000 inhabitants, although to achieve autonomy in 2009, but so far the government about 60% of revenue still offered by Danish. Poor infrastructure in Greenland, fishing is the local absolute export pillar industries. The Government has been hoping for greater autonomy and eventual independence, trying to walk a road of development and utilization of natural resources, through the development of mineral and petroleum industry to reduce dependence on Denmark.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, ERW Steel Pipe and Steel Section supplier in China, if you have any need, please feel free to visit our website. 

 Brazil is optimistic about China iron ore consumer market

Carajas project annual output of 109 million tons at present, it is the world's largest iron ore project, which is expected to reach full capacity of production in 2018 and reach 230 million tons. Exploitation of their planning period is 40 years, extraction volume is expected to reach 4 billion tons, the future will continue to expand the scale according to demand.

Vale last year increased its investment in high-quality ore. July 2012, Carajas mine of development company Vale announced again, invested $ 19.5 billion to develop the Southern District S11D mine, this is the highest investment of iron ore project in the world so far.

International market for such high-quality ore demand remains strong, therefore, its market price is relatively stable, This mine will be the future Vale continues to lead the world iron ore industry of protection.

When reporters interview in Carajas, there are two China-related new attracts the attention of the global steel industry. First, as China's economic recovery, the Brazilian iron ore exports to China increased rapidly. According to Brazil, Folha de Sao Paulo newspaper reported that the Brazilian iron ore exports to China in September reached 74.6 million tons, MoM growth of 8%, year on year growth of 15%, which create a history record. Second, on October 18, "Chinese version of" iron ore futures was listed in Dalian Futures Exchange, China enhanced pricing.

Although people talk about the iron ore price rises, repeatedly stressed that stable development of China's economy, U.S. and European economic recovery are the two main factors, but they predict the future is not very optimistic. Vale executive director Mading Si think 2015 iron ore market will basically reached saturation. By 2018, when the excess capacity could reach 5-6 percent, by then the price will remain at $ 100 or more, but is unlikely to reach current peak, the main reason is the major iron ore producers are expanding production capacity.

China needs to import more than 60 percent of iron ore very year. The expansion of China's urbanization and Chinese exports of finished steel products increased, making China become chasing object in the market by the world's major iron ore suppliers.

Over the years, China in the international iron ore market lack of pricing power, Long-term restricted to Vale, Rio Tinto, BHP Billiton etc. companies. Global iron ore production capacity to enhance and the importance of the Chinese market, for China increased pricing to provide the conditions. Iron ore futures launch will help to gradually change this passive situation which is China made ​​a bold attempt for greater pricing power of iron ore. First use of RMB for iron ore futures Indicates a new era for globally. Mading Si recently in an interview also said that iron ore pricing is increasingly dependent on the Chinese market.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, Steel Wire and Tinplate supplier in China, if you have any need, please feel free to visit our website.


Russian metallurgical industry development status

Metallurgical industry is the basic sector of Russian industry. In 2011, the Russian metallurgical industry employment was nearly 1.3 million, 80% of enterprises are belonged to urban construction fields. Look from the production, metallurgical industry (ferrous and nonferrous) output in Russia's GDP accounted for 9%, exports accounted for 11.6%, industrial sector accounted for 5% of employees, taxes accounted for 5% of the budget.

From an international comparative perspective, the Russian steel output ranked fifth in the world, (only behind to China, Japan, the U.S. and India), iron ore production is also fifth in the world, steel pipe production is third in the world. Exports of metallurgical products is second in the world (only behind to China and Japan), aluminum production is second in the world, titanium production is second too, aluminum exports is first, nickel production and exports are first in the world.

Metallurgical Industrial Structure

Russian metallurgical industry includes black, non-ferrous minerals and non-metallic mineral mining; Iron, steel, rolled, steel, iron alloy, refractory materials, coke, aluminum, copper, rare metals; ferrous metals, alloy production and processing of semiconductors; Scrap, scrap metal processing and certain related chemical products. In addition, the metallurgical industry contains a large supplementary enterprises, scientific research and design organizations.

Metallurgical industrial enterprises for nearly eight years achieves vertical integration, reducing the industry's competitive risks in the domestic market, improved investment policies to ensure the safety of their raw materials industries. In recent years, metallurgical industrial enterprises actively carry out services in the field of metal processing and metallurgical manufactures.

The overall commentary of industry development of the metallurgical industry

In 2004, the Russian finished steel production was 53.7 million tons, 29.8 million tons of domestic consumption; 2011, finished steel production increased by 10% (59 million tons), domestic consumption grew by 25.8% (37.5 million tons); steel production increased by 60% (9.6 million tons), domestic consumption grew by 78 percent (10.9 million tons).

Russia's domestic non-ferrous metal products are mainly provided by the Chinese. 2011, the domestic demand for aluminum reached 875,000 tons, compared with 2004 growth of 148.6%. Domestic demand for refined copper in 2011 reached 300,000 tons, an increase of 107% compared to 2004.

The Russian government's anti-crisis measures in preventing the decline in production capacity of metallurgical enterprises have played a very good effect, which ensure the number of jobs, and enable investment projects to be continued before crisis. In recent years, the metallurgical industry upgrading of fixed assets become one of the main factors of the industry to successfully overcome the financial crisis, also make high-tech products with high added value production has been enhanced.

Over the past decade, metallurgical industry used for the upgrading, transformation and expansion of production investments totaled more than 1.6 trillion rubles. Currently, Russian metallurgical enterprises large equipment of wear rate does not exceed 50%, which makes the industry more flexibility to respond to negative changes in the external market environment.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, ERW Steel Pipe and Steel Section supplier in China, if you have any need, please feel free to visit our website. 

 Russia Severstal Group quit India steel project

Russian steelmaker Severstal has announced it quitted from the Indian joint venture plant project, which result to the future direction of the project is unknown. Severstal Group is already the third foreign-funded enterprises quit India steel construction projects this year. Earlier, South Korea's POSCO abandoned Karnataka construction plans because land acquisition problem. The ArcelorMittal because of the slow progress of the project issues quitted Orissa construction plans.

Severstal and Indian state-owned miner National Mineral Development Corporation of India (NMDC) had reached an agreement in 2010 about Karnataka jointly build an annual output of 300 tons of steel mill. However, because the Indian government reluctant to transfer the majority stake to Severstal, the project has been stopped. Severstal said difficult business environment of India lead to its exit the project. NMDC did not declare how to develop the project in future, NMDC may be carry out independently. NMDC can be through cash reserves and bank loans to India to finance the project. However, NDMC has several developing projects, and previously expressed focus on completed Chhattisgarh Province with an annual output of 3 million tons of steel construction. Meanwhile, through the construction of new mines and the development of existing projects, domestic iron ore production capacity will be expanded from 32 million tons / year to 48 million tons / year.

Brazil levy anti-dumping duties to China stainless steel pipe

Brazil's Foreign Ministry announced on July 29, levied anti-dumping duties from China mainland and China Taiwan imports of circular welded austenitic stainless steel (outer diameter 6mm-2.03m, thickness 0.4mm-12.7mm), valid for five years. In which to Zhe Jiang Jiuli Special Material Technology Co., Ltd. tax rate is zero, other mainland enterprises’ anti-dumping duty is $ 679.08 / ton; To China Taiwan Yun Qiang Industrial Co., Ltd. of anti-dumping duties levied $ 359.66 / ton, other Taiwan enterprises’ anti-dumping duty is $ 911.71 / ton.

To reply South American steel companies Aperam applications, Brazilian authorities initiated an investigation on the case in last September, investigation period is from January 2007 to December 2011.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, Steel Wire and Tinplate supplier in China, if you have any need, please feel free to visit our website.

Hyundai Steel plans merger with Hysco to reduce costs and enhance competitiveness

South Korea's second-largest steel manufacturer Hyundai Steel has said, they were planning merger with Hyundai Hysco to take over the latter's core rolled and coated sheets business, which intended to reduce financial costs and improve profitability. Hyundai Steel is expected to complete the merger in December 31 of this year, Hysco will hold Shareholders' meeting on November 29 this year to discuss the merger decision.

The face of the European debt crisis and the slowdown in Chinese demand for steel, Hyundai Steel etc. the world's major steel mills is in the plight of declining profits. The merger will reduce the financial cost of Hyundai Steel and improve competitiveness with other companies. Beacuse merger will produce a more powerful company, to Posco and Dongkuk is not a small pressure, especially in the domestic cold-rolled capacity oversupply and too little demand of market conditions. Currently, Korea POSCO, Dongbu Steel and Hyundai Hysco annual supply of cold rolled coils plus imports totaled about 21 million tons, while domestic demand only about 12 million tons.

As Hyundai Motor Group's two subsidiaries of steel, Hyundai Steel sells hot-rolled coils to Hysco, Hysco processed into automotive sheet then sold to their parent company Hyundai Motor Group. This Hyundai Steel and Hyundai Hysco to provide end supply chain for automotive manufacturers is unique in the world.

Hyundai Steel production the third annual capacity of 4 million tons of blast furnace in September, steel production increased significantly. 3 blast furnace of crude steel production capacity is 12 million tons, including 12 million tons of electric furnace steel production capacity, Hyundai Steel Total crude steel production capacity is 24 million tons. After the merger, Hyundai steel sales expected to grow from last year's 14 trillion won to 20 trillion won, at the same time also reduce financial costs. According to report, for the construction of the third blast furnaces to make Hyundai steel liabilities of approximately 11 trillion won ($ 10.3 billion), who had to pay about 300 billion won of interest a year.

Hysco Founded in 1975, annual production capacity of cold-rolled is 6.2 million tons, cold-rolled steel sales accounted for sales of 71% last year, about 7 trillion won, 91% of its operating profit. Hysco cold rolled coils and coated steel equipment is located in Hyundai Karatsu factory, the cold rolling, coating and cutting equipment is located near POSCO Gwangyang plant. Hysco had gone into operation annual production capacity of 1.5 million tons cold rolling equipment in Karatsu plant in May this year, this year cold-rolled and coated sheets of production is expected to increase from 4.26 million tons in 2012 to 4.8 million tons, desired ratio of Hyundai Motor Group can increase from the current 40% to 60%.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, ERW Steel Pipe and Steel Section supplier in China, if you have any need, please feel free to visit our website. 

August Japan export 3.727 million tons of steel, increased 2.4% qoq

Japan Iron and Steel Federation (JISF) released the latest data show, August 2013, Japan's steel export 3,727,000 tons, exports is 3.547 billion dollars, about 349.3 billion yen. Compared to last year, steel exports increased 1.3%, exports fell 10.8% in U.S. dollars, for 15 consecutive months of decline; Growth of 11.9% in Japanese yen, for three consecutive months of growth. Compared with July, steel exports grew 2.4% and exports increased 0.6% in U.S. dollars, an increase of 0.2% in Japanese yen.

According JISF statistics, August Japanese ordinary steel exports 2,435,000 tons, 1.9% qoq.

Look from the varieties of steel, hot rolled coil export of 1.007 million tons, up by 14.1%, qoq 6.1% for 18 consecutive months higher than the level a year earlier; Welded steel pipe export 79,000 tons, up by 45.8%, 31.8% qoq, four months for the first time higher than a year ago; Electrical steel export volume of 67,000 tons, an increase of 6.9%, reduced 0.7% qoq, two months for the first time higher than a year ago; Wire rod export 62,000 tons, up by 29.8%, qoq 16.9%, 9 consecutive months higher than year-ago levels; Steel bars export 29,000 tons, an increase of 11.4%, reduced 24.9% qoq, four months for the first time higher than a year ago; Galvanized steel export volume is 373,000 tons, representing a decrease of 9.7%, qoq 7.9%, for four consecutive months below the level of last year; Cold rolled steel export 264,000 tons, representing a decrease of 13.3%, 0.2% qoq, for three consecutive months below the level of last year; Plate export 257,000 tons, reduced 15.1%, decreased 6.9% qoq, for seventh consecutive month below the level of last year; Steel section export 70,000 tons, reduced 11.9 percent year on year, decreased 34.3% qoq, two months for the first time below the level of last year; Seamless steel pipe export 53,000 tons, down 7.5 percent year on year, decreased 8.4 percent qoq, three months the first time lower than the level of last year.

Look from the exporting countries, Japan exports to South Korea 673,000 tons, ranking the first, drop 3.6 percent; Japan export to China 500,000 tons, drop 5.2 percent, four consecutive months below the level of last year; Exported to Thailand 496,000 tons, up 1.5%, two months the first time higher than the same period of last year; Exported to Taiwan 312,000 tons, up 5.0%, 3 consecutive months higher than year-ago levels; Exported to American 237,000 tons, up 27.4 percent, higher than the same period last year for two consecutive months.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, Steel Wire and Tinplate supplier in China, if you have any need, please feel free to visit our website 

Worldsteel: Global steel consumption will increase 3.1% in this year

Recently Worldsteel released this year of global steel short-term demand prospect, expected global steel consumption increase 3.1%, reached 1.475 billion tons, 2014 will increase 3.3 %, reaching 1.523 billion tons.

Hans Jurgen Kerkhoff, who is responsible for economic research in Worldsteel said, the main risk of the global economy is euro zone debt crisis and China's economic hard landing problems, however, recently the recovery of crisis in good shape. Major emerging economies, especially India and Brazil, the performance is not satisfactory due to structural problem, these factors have led to the slow increase in global demand for steel. This year Chinese steel demand will increase 6.0%, rest of the world will increase only 0.7%, global steel demand will increase 3.1% this year.

Worldsteel expects, 2014 global steel demand will continue to show recovery trend, developed countries will grow, while China's growth momentum will slow down.

Despite the developed countries getting away from the risk, developing countries of structural problems, political instability and volatility in financial markets is still uncertainty. Overall, the global economic situation in the steel industry remains unstable, however, we expect 2014 steel demand will grow further.

China: Following the 2012 steel consumption increased 2.9%, this year will increase 6.0% to reach 699.7 million tons, which is mainly benefited from government infrastructure stimulus. However, government limit investment, 2014 steel demand growth is expected to slow to 3.0%.

India: last year increased 2.6%, the consumption of steel is expected to increase 3.4% this year, reaching 74 million tons, India's high inflation pressures and structural problems limit the steel sector activities. India government to expedite the implementation of structural reforms, steel demand is expected to increase 5.6% in 2014.

Japan: The economic situation has improved, government stimulus will boost steel demand growth of 0.1% in this year to reach 64 million tons. However, 2014 outlook is not optimistic, due to the presence of new consumption taxes, manufacturing outward migration and energy prices rising too fast of problems, steel demand is expected to drop 1.6 percent next year.

United States: Following last year's increase of 7.8%, this year the steel consumption will increase only 0.7%, reaching 96.9 million tons. Benefited from the global economy to improve, automotive, energy and residential construction sector activity increased, steel demand will increase 3.0% in 2014.

EU: in particular the first half of this year, steel sector activity continued to contract, steel consumption this year is expected to drop 3.8%, reduced to 135 million tons. Italy and Spain were respectively reduced 8.1% and 4.3%, reduced 1.6% in Germany. 2014 outlook is hopefulness, but the EU overall steel demand remains poor, next year will increase only 2.1 percent, to 138 million tons.

Middle East and North Africa: Due to continued political unrest, this year steel demand slowed to 1.7%, reaching 64.3 million tons. In the effect of the re-start investment projects and government efforts to combat social unrest, steel demand is expected to increase 7.3% in 2014, reaching 69 million tons.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, ERW Steel Pipe and Steel Section supplier in China, if you have any need, please feel free to visit our website. 

Analysis of Chinese steel exports to ASEAN

ASEAN market demand for steel strong, but due to the local iron and steel industry is weak, the ASEAN countries mainly rely on imports to meet demand of steel. 2012, ASEAN surpass South Korea to become China's largest steel exporter.

2013 January-July Chinese steel exports to ASEAN situation

Latest Customs statistics show, 2013 January-July, China's steel exports mainly flow to Korea and ASEAN countries, China's steel export volume of the top ten countries, ASEAN countries accounted for 6, South Korea is still ranked first.

In the first seven months, China's steel exports reached 35.84 million tons, an increase of 13.7%. In which ASEAN exports of steel totally reached 9.58 million tons, an increase of 34 %, accounted for 26.73% of China's total steel exports. Apart from January, Chinese steel exports to ASEAN monthly volume more than 1 million tons. Which in March due to seasonal factors export reached 1,789,200 tons, then export volumes declined. July, ASEAN exports to China of steel capacity fell to 1.167 million tons.

Look from the National, Vietnam as 2.15 million tons of total amount exceed Thailand to become China's largest steel exporter in ASEAN. Followed by Thailand and Singapore, Chinese steel imports are 1.5 million tons or more. While the number of steel exports to Indonesia, Philippines and Malaysia are exceeded one million tons. The number of steel export to these 6 countries accounted for 92.6% of total steel exports to ASEAN.

Analysis of Chinese steel variety exports to ASEAN

Chinese steel exports to the ASEAN still dominated by sheet, followed by the wire rod, angle profiles and tubes. Specifically, China exported 3.89 million tons of plates to ASEAN, accounted for 40.61% of total steel; exports of wire rod is3.41 million tons, accounting for 35.61 percent; Exports of angle profiles and tubes were 1.04 million tons and 80 million tons, accounting for 10.89 % and 8.38% of total exports.

Major countries of ASEAN steel market situation

Currently, the ASEAN countries of the steel market are still in short supply. 2011, six major ASEAN member states Vietnam, Malaysia, Thailand, Indonesia, the Philippines and Singapore of crude steel production reached 20.65 million tons, an increase of 5%, which the year's steel consumption rose to 54 million tons, an increase of 7%.

ASEAN steel consumption increased primarily from rapid growth in imports. 2012, ASEAN steel imports rose 8 percent to 36.9 million tons, of which more than 80% of imported steel use for construction and shipbuilding industries. Japan, China, Korea and Taiwan is still the main importing countries of ASEAN steel market.

In 2010, with China - ASEAN Free Trade Area officially launched China and 10 ASEAN countries started to enter the era of zero tariffs, which making Chinese exports to ASEAN of steel varieties increase sharply. In ASEAN total steel imports, the proportion of Chinese products increased year by year. 2009, China's total imports of steel in the ASEAN accounted for only 10%, in 2010 this proportion rose to 17%, and in 2011 further increased to 23%, making China to be ASEAN's second largest steel importer.

South East Asia Iron and Steel Institute (SEAISI) data show, 2012, ASEAN imports longs from China soared more than 2 times of the number. China, as ASEAN's largest profiles importing country, the number of profiles exports to ASEAN increased 70% last year. The wire rod imports from China also rising more than twice to 100 million tons. The main importer of hot-rolled sheet is China, but last year the number of hot-rolled plates only rose 3 percent, maintained at 100 million tons.

In recent years, the construction industry of ASEAN countries is rapidly develop, the increasing demand for building materials and the market potential is huge. In which proportion of steel consumption in the Philippines reaches 81%, Malaysia and Singapore are also accounted for more than 70%.

Steel trade friction between ASEAN and China to upgrade

ASEAN officially surpass South Korea last year, becoming China's largest steel export zones. At the same time, ASEAN is also changed to major sponsors for the Chinese steel products trade remedy investigations. In the context of the global economic downturn, the national steel demand reduced and excess supply. In order to protect the profit of domestic steel industry, since 2013, the ASEAN countries against China initiated steel trade protection measures intensified.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, Steel Section and Steel Wire supplier in China, if you have any need, please feel free to visit our website 

Chinese iron ore imports continue to rise, Korea and Japan lack of resources

World iron ore trade formed by Australia, Brazil, India to China, Japan, the EU etc. countries and regions of transportation pattern.

Japan, South Korea, Britain, Italy etc. major steel producing countries completely depend on imports of iron ore; China due to the scale of steel production more than its own iron ore resources offer, which need to import large quantities; Russia's domestic iron ore supply and demand is balance; Brazil, India and Australia's iron ore not only can meet the domestic demand, but also be a large number of exports.

In recent years, China's iron ore imports continue to rise, 2012 imports accounted for 67.9 percent of global total imports.

Japan lack of domestic resources, the use of iron ore basically depends on imported. Prior to 2003, Japan's imports of iron ore volume ranked first in the world, to 2003 by China exceeded. Japan's imports of iron ore mainly from Australia and Brazil, some steel companies in Japan, such as Nippon Steel and JFE Holdings Group, for the protection of stable sources of iron ore, in these two countries have invested accordingly mines.

South Korea’s iron ore resource is also relatively poor, over 99% of import dependence. South Korea’s iron ore imports in recent years is relatively stable, 2011 imports about 65 million tons. South Korean imports of iron ore mainly come from Australia and Brazil, where ore from Australia accounted for 50% or more.

Major European countries, Western Europe imports more than 100 million tons of iron ore, which ranking high in the world. Western Europe is a major importer of iron ore in Germany. 2000-2011 iron ore imports in Western Europe overall show downward trend, but large differences between countries, in which the Netherlands increased considerably. From the proportion of global imports observed, imports of 15 European countries continued to decline, especially in 2009 the most serious.

Australia is a major producer of iron ore, iron ore mined mostly for its exports, in recent years, its production and exports continue to increasing. Australian iron ore exports to Asia and Europe, China, Japan, Korea has been a major exporter of iron ore in Australia. Western Europe is also a major exporter of iron ore in Australia, which exports more than one million tons of countries include United Kingdom, France, the Netherlands and Germany. In recent years, the number of Turkey's iron ore imports from Australia is rising, reaching one million tons or more. Some other countries imports iron ore from Australia include Pakistan, Italy, USA and Malaysia.

Brazilian iron ore exports only behind Australia, its iron ore exports nearly one-third of the world's total exports. 2000 Brazilian iron ore exports is160 million tons, ranking first in the world, in 2011 export volume reached 330 million tons.

Indian iron ore resource is rich, which is Asia's second-largest iron ore reserves country, compared with China, although India reserves not as good as China, but its iron ore quality is better than China. Indian iron ore export volume in 2000 was 34.92 million tons, exports for the first time exceeded 100 million tons in 2008, reaching 104 million tons, accounting for 11.07% of total world trade.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, ERW Steel Pipe and Tinplate supplier in China, if you have any need, please feel free to visit our website 

Russia's steel enterprises face increasing competition

As an inherent advantage gradually fades out, Russian steel enterprises will face a new challenge in the future. AndreyLaptev, Severstal steel company strategy director, said in order to maintain its attractiveness to investors, the Russian steel enterprises not only need to have the ability to provide pre-tax profits, but also need to guarantee to enterprise capital holder on a regular basis to provide a certain number of free cash flow , in Moscow Steel summit recently. Under the pressure of excess capacity, these challenges only through long-term cost reduction and the development of mergers, acquisitions and capital expenditures revenue allocation rules to achieve.

Earlier, although Russian steel production cost in the global is the lowest, but the steel transportation distance is longer, and therefore its cost advantage on the delivery of benchmark has decreased, especially in export markets. Russian part of the production costs is also growing, and tends to increase more than general inflation and its electricity and natural gas prices and the United States was essentially flat.

Despite high inflation and temporary excess capacity, in raw materials, utilities, natural gas, considerable pull under population and a growing middle class, Russia is still the ideal place in the world's steel production. Laptev said the foundation of the Russian steel industry is very strong, and because the vast land area and from external competition.

Severstal steel company said the global overcapacity in the steel industry will not be eliminated in the short term, but the pace of expansion slowed down last year, and will continue to slow down, because before the start of the project in Russia, India, Southeast Asia, Brazil and China in 2008-2009 crisis is also nearing completion. Laptev commented that if the Chinese government to fulfill its strategic goals, and shutting down polluting steel enterprises, and limiting the new steel mill project investment, the imbalance of global steel supply and demand is expected to be eased in 2017-2018.

American Keystone Steel has announced that the delivery price of wire rod will improve $ 15/ton in August. Other mills are expected to follow the price increases in the coming days.

Although the market for scrap steel trend is not good in August, but it seems to have a record low steel prices, so Industry insiders estimate in August the U.S. wire rod prices will be a slight rebound in the price driven by the trend of rising price.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, Tinplate and Galvanized Steel Pipe supplier in China, if you have any need, please feel free to visit our website. 

Chinese steel exports to the US reduced substantially

Hit by series of trade survey, China’s steel pipe producers who exports the steel pipe to the U.S. was drastically shrinking; Chinese other steel products export to the U.S. also began its dramatic decrease from 2009.

Recently, the U.S. International Trade Commission issued a notice that the thin-walled rectangular steel which was originating in China, Korea, Mexico and Turkey had the sunset review of anti-dumping comprehensively. In the meantime, originating in China's thin-walled rectangular steel was having a countervailing and the sunset review comprehensively.

July 18, 2007, the U.S. Department of Commerce on the origin of China's walled rectangular steel pipe had a countervailing and anti-dumping investigation. The products involved customs codes for 73,066,150.00 and 73,066,170.60.

From 2007 to 2008, the steel industry can be described as "Black Year." The U.S. imposed anti-dumping and countervailing duties on the four kinds of steel pipe products that originated in China. Later the U.S. imposed 10.3% ~ 15.78% countervailing duty and 29.94% ~ 99.14% anti-dumping duties on OCTG which was imported from China.

June 2008, the U.S. final ruling finds that Chinese enterprises that were investigated have accepted to offer hot rolled steel, land, and Specific areas of preferential income tax of enterprises with foreign investment and other three government subsidies. In addition to an active respondent companies tax rate is 2.17%, and because of dropping out of the survey, a mandatory respondent companies was ruled by adverse facts and was convicted of tax rates as high as 200.58% and other Chinese enterprises subsidies for tax rate is 15.28 percent. Some Chinese enterprises involved in anti-dumping dumping margin of 249.12% ~ 246.64%.


June U.S. steel import authorization were down 8%: the data of Import Administration U.S. Department of Commerce show that the U.S. steel import permit applications totaled 2,565,000 tons in June, compared with 2,853,000 tons in May decreased by 10%, and 2.802 million tons compared with May's preliminary imports total fell 8%. Among them, the imports of finished steel for the amount were 2.014 million tons, compared with 2,123,000 tons in May preliminary imports declined 5%. In the first half of the year, the U.S. steel and finished steel imports were 15,801,000 tons and 12,372,000 tons, down 10% and 9%. According to the first six months of import authorization applications for discounted annualized, the U.S. steel and finished steel imports were 31,602,000 tons and 24,745,000 tons in 2013, compared with 33,475,000 tons and 25,826,000 tons in 2012 and imports were down 6% and 4%. It is estimated that the finished steel import’s market share is23% in June and in the first half of the market share is 23%. The registration of a major amount of finished steel products import authorization imports in June compared with preliminary statistics in May was increased, during that the hot rolled sheet increases 38%, plate volume increased by 25%, oil pipe is up 15%, structural tube increases 12%, line pipe is up 11%. So far this year, significant growth in imports of primary products is the standard rails, heavy duty steel and tin plate. June, some of the largest applications for finished steel import countries were South Korea, China, Japan, Germany and Turkey. The first half of this year some of the largest importers were South Korea, Japan and China.

Ontrend Industrial Limited is high quality Carbon Steel Pipe, Steel Section and Steel Wire supplier in China, if you have any need, please feel free to visit our website. 

 July international steel market stabilized


July, most of Asia will enter the rainy and hot weather, seasonal decline in demand will occur, meanwhile mills will also begin seasonal maintenance reduction of output, supply will decline.

European market: the downward trend has eased

June, the European market continues to decline, the downward trend has eased. Sheet prices continue to decline, the Nordic HRC ex-works compared to last year dropped by nearly 90 euro/ ton. Currently, the South, the Nordic price level is equivalent and steel may close to the bottom, with the ore price rise and inlet pressure weakened, the market is unlikely to fall further. However, the overall demand outlook bleak, European coil market may weak consolidation in later period. Long steel market continued to decline, since June Nordic scrap prices fell 25 euro / ton, follow by scrap, local rebar and wire rod prices fall 10 euro / ton, the southern European rebar selling price dropped to 465 euro / ton to 470 euro / ton.

U.S. Market: sheet rebound, weak longs

June U.S. HRC ex-works rose to $ 620 / ton to $ 640 / ton, cold rolled coil price is 720 $ / ton to 740 $ / ton. Thick market fell, currently below the level of $ 680 / ton to 700 $ / ton, which is the lowest since this year, steel market is expected to near the bottom. U.S. rebar market is steady. Basic specifications of the local rebar prices remain at $ 620 / ton to 640 $/ ton level.

First half of year the international market has appeared four major characteristics.

Asian supply continues to remain high. From January to May this year, world's 63 major steel-producing countries and regions in crude steel production was 658 million tons, an increase of 2.1%. May, the world's 63 major steel-producing countries and regions in crude steel production is 136.3 million tons, an increase of 2.6%.

Stocks continue to decline. In June, the Chinese stock market continues to decline, inventory pressures have eased, but the steel stocks are still at a high level. May, the U.S. service center inventory continues to decline, the market demand recovery, inventory pressure is very small; South Korea and Japan stocks continue to decline, which related primarily to reduction of steel production; European stocks increased slightly, weak demand and the decline in exports is the main reason. In addition to China, the world's leading region in May this year, steel stocks were lower than last year and the year earlier level, which has little pressure on the stock market, and there is the late replenishment needs.

Weakly adjust in raw material prices. June, the international raw material prices continue to decline. United States and Japan to maintain the overall downward trend in scrap prices, Turkish import prices bottoming out, the whole remains weak. July, August the global market to enter the off-season demand, scrap and pig iron prices are difficultly expected to have a good performance, probability of post-consolidation operation is larger.

Weak demand continues to run. June, global steel demand growth remains weak intensity, July, August the northern hemisphere enter rainy season, the seasonal decline in market demand.

 Ontrend Industrial Limited is high quality ERW steel pipe, steel section and steel wire supplier in China, if you have any need, please feel free to visit our website.

U.S. steel companies have anti-dumping investigation to Asian steel

Including U.S. Steel's number of steel mills requested the U.S. International Trade Commission (ITC) for the nine countries and regions, mainly Asian imports of some petroleum and natural gas industrial use steel pipe carrying on anti-dumping investigation. Countries and regions involved in include India, South Korea, the Philippines, Saudi Arabia, China Taiwan, Thailand, Vietnam, Turkey and Ukraine. U.S. mills require steel from those countries to impose anti-dumping duties, and requests for imports from India and Turkey of steel imposition of countervailing duties.

In recent years, the U.S. trade protectionism trend evident warming, many countries and regions of the world's steel imports for strict control, especially directed against China. This year in March, the United State steel also urged the ITC to take action for steel from China. In fact the United States has imposed anti-dumping and countervailing duties for most of China's steel products include a variety of steel pipe and steel wire.

Last year in March, US Congress started the legislative process, quickly completed the countervailing bill changes, which retained commodity taxation powers on China and other countries to obtain government subsidies.


Relate news: Vietnam will impose anti-dumping duties for China imports of stainless steel

Vietnam News Agency reported on the 6th, Vietnamese Ministry of Trade and Industry has decided to carry on anti-dumping investigations and anti-dumping measures for cold-rolled stainless steel imported from China, Malaysia, Indonesia and China Taiwan.

 It is reported that surveyed commodities including carbon content less than 1.2% and a chromium content more than 10.5% of cold rolled stainless steel coil or steel section. This stainless steel suits for the production of furniture, such as wash basins, tubular furniture, hot water system, auto parts and building materials.

Currently, Vietnam imposed 0-10% import duty on the stainless steel, which makes so many Vietnamese domestic enterprises under deficit, therefore, various domestic steel enterprises require to levy 20 to 40 percent anti-dumping duty from the stainless steel.


Ontrend Industrial Limited is high quality carbon steel pipe and Tinplate supplier in China, if you have any need, please feel free to visit our website- 

Make a Free Website with Yola.