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Ownership change in the Chinese steel industry Private mills' production share has surpassed SOE's, while power of influence is still improving Leading private steelmakers are transforming from quantity-driven to quality-focused business strategy 0% 10% 20% 30% 40% 50% 60% 70% 1990 2005 2013 2016 Share of Private Mills' Steel Production
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I really like how Reuters says the cancer started appearing 10 years ago but failed to mention that US Steel was the owner back then and that the mill was sold to China in 2016. I really like how you failed to mention US steel sold in 2012 to Serbia and instead implied it was there until 2016 during the cancer increase.
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Faced with a tough market at home, China's top steel producers have been looking to exports to bolster sagging sales. Between 2009 and 2014, Chinese steel exports grew by about 90 million metric tons (MMTs ). In 2015 and 2016 alone, the country exported a record 107 MMTs – roughly 14 percent of its total production. A significant share of these
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Vale Courts Latin Steel Mills Again as China Infatuation Fades. Red-hot rolled steel coil is run through the rollers in Espirito Santo, Brazil., Photographer: Rich Press/Bloomberg. (Bloomberg) -- Like its iron ore rivals, Vale SA has understandably been obsessed with Chinese demand over the past two decades. Now the Brazilian miner is taking …
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A good example of Chinese steel quality issues leading to potential danger is the Oakland Bay Bridge in San Francisco, California. The lower quality of the foreign steel was discovered in 2013 when a seismic test led to the discovery of 32 faulty rods that had to be replaced; they had been corroding in a large pool of water.
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China produces more than half of the world's steel and exports more steel each year than most countries produce, making Chinese steel prices the key indicator for regional markets and beyond. The fob China steel price is today's true global steel benchmark, with hot rolled coil (HRC) the primary input for many of the world's manufactured goods.
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Getting started; China Steel Mill; China Steel Mill - China Manufacturers, Factory, Suppliers Our mission will be to grow to be an innovative supplier of high-tech digital and communication devices by giving worth added design and style, world-class production, and service capabilities for China Steel Mill, 75 Grinding Balls, Alumina Ceramic Ball, 40mt Ceramic Ball Mill,Alumina …
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The growing importance of steel scrap in China 3 Executive summary The global share of scrap in metallics consumption has been declining in recent years, driven largely by China's growing role in the steel industry. As a developing economy, China has had limited amounts of obsolete (or postconsumer) scrap to use as a material in steel-making.
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According to the new regulations (link in Chinese), steelmakers outside pollution control zones now have to make sure that their new capacity is at least 20% less than that of the mills they plan to take offline. Such areas previously had no specific reduction requirements, making it difficult to curb capacity increases, the industry ministry said.
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(Bloomberg) -- Iron ore futures in Singapore jumped nearly 10% as optimism over a bout of restocking by China's steel mills added to tailwinds from the risk-on mood in global markets.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President's Cronies'Pension Poachers' Are Targeting America's Elderly VeteransPrices …
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The production mix is significantly different between hot-rolled structural sections produced in China and the United States. 94% of hot- rolled sections in China are produced by integrated mills using iron ore and coke as primary feedstock material, with the remaining 6% being produced in mills using electric arc furnaces (EAF).
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Since 2000, China has "massively and rapidly expanded its steel production capacity," and now accounts for half of steel production globally. Massive is the key word here – China's government utilized subsidies and other distortionary government support to expand its steel capacity by 930 million metric tons, a 418% jump since 2000.
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Steel mills in Jiangsu, Shandong and Liaoning -- the second, third and fourth largest steelmaking provinces in China, respectively -- have gradually launched steel output cuts since the start of September. As a result, the crude steel output in both Jiangsu and Shandong are likely to drop more than 1 million mt on the year in September.
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Headquarted in Pohang, South Korea, POSCO operates two world's largest mills located in Pohang and Gwangyang which jointly produces 33.7 million tons of steel per annum. Flat steel, long steel, plates and wires are its major products. 7. Jiangsu Shagang Jiangsu Shagang is one of the top five China's steel producers.
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China Needs a Lehman-Level Meltdown to Crash Its Steel Mills. (Bloomberg Opinion) -- From the way metal prices have moved in recent weeks, it looks like the wheels are falling off China's property market. The price of iron ore futures in Dalian has dropped by half over the past two months, accelerating Monday after the government announced ...
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