News

Aug.9th Chinese market recap- Chinese market paused falling and some cover buying with real demand shows up and steel futures showed a ‘W” change and finally closed a little softer. Local debar sales are better volume around 110000mt daily then inventory pressure is eased more or less. Export market is…

The mounting uncertainty as regards the future developments in the global #steel market, caused by the slump in #ironore prices and, in particular, the weak sentiments in the Turkish #scrap market, have made Pakistani buyers more persistent in asking for discounts when negotiating new scrap bookings. As a result, by…

The prices of galvanized steel coils (GI) and prepainted galvanized steel coils (PPGI) went down a bit last week (Dec.01-Dec.07, 2014). The news of the measures taken by the government to encourage the growth of the economy becomes a big support of the steel price. The central bank announced to…

On August 11, 2015, applied by M/s International Steels Limited, Pakistan decides to initiate an anti-dumping investigation on Chinese Galvanized Steel Sheet and Coil. This case involved product HS Code like 2104110, 72104190, 72104990, 72123010, 72123090, 72259200, 72269900. The investigation period is from July 1, 2014 to June 30, 2015.…

ISLAMABAD: The Economic Coordination Committee of the cabinet has imposed regulatory duty on mobile phones and steel products and approved a policy for short-term independent power producers. The ECC imposed 15pc regulatory duty on steel products – billets, barsand wire rods, and 5pc on cold-rolled coils and galvanised platted sheets…

The prices of galvanized steel coils (GI) and prepainted galvanized steel coils (PPGI) continued to go down a bit last week (Jan.19-Jan.25, 2015).The market needs are not good now. More and more producers began to close their production lines to cut down their loss. The supply of the steel is…

The years of excess steel making capacity, especially in China, have put an unrelieved pressure on the global steel sector. In 2014, when steel demand growth ceased in China, the largest steel consumer, the problem of excess capacity turned into the real overproduction crisis. An excess is typical for both…

China removed export tax rebates on boron-added steel from January 1, the country’s finance ministry vowed Wednesday. The affected boron-added products and their tax codes are hot rolled plate and sheet 600 mm and above wide (72254091), hot rolled narrow strip (72269191), wire rod (72279010) and bars (72283010). Exporters of…