Nov 16, 2017 The sharp fall in futures comes amidst further signs that restrictions on steel production in China — now fully in force — are crimping iron ore demand from mills. “The north China ports, feeding China''s steel heartland, are filling up with iron ore,” says Matthew Hope, research analyst at Credit Suisse.
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Aug 8, 2013 China''s crazy love affair with steel is a scary example of how its finances could implode And of China''s major steel mills, 40 out of 86 operated at a loss in H1 2013. And yet: In other words, the cash crunch in May and June meant steel companies started using iron ore as loan collateral once again.
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Feb 21, 2018 (Repeats item for additional subscribers, no changes in text). By Manolo Serapio Jr and Ruby Lian. MANILA/SHANGHAI, Feb 21 (Reuters) - China''s steel producers are eager to unleash their mills'' capacity when this winter''s output curbs end next month, hoping for a repeat of last year''s record profits based
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Apr 20, 2017 Global steel makers blame Chinese rivals for swamping the world with unwanted product, but closing mills there can be expensive and difficult. close the Hangzhou plant, Hangzhou Iron and Steel in 2015 received nearly $106 million in subsidies and cheap government loans to help cover overall costs
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Mar 1, 2016 Tonghua steel plant. Photographer: Qilai Shen/Bloomberg. This is the city of Tonghua in China''s rustbelt, where a desperate handful of steelworkers has gathered each week outside the management office of their mill in freezing temperatures to demand months of wages they say they''re owed. The answer
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Nov 25, 2009 1. China''s policy responses to the global financial crisis. Yu Yongding. Since reforming and opening up its economy, China has created an economic miracle. .. used administrative methods to ban unapproved construction of steel mills. . Credit growth was surprisingly high, and the same was true of the.
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Feb 21, 2018 (Repeats item for additional subscribers, no changes in text). By Manolo Serapio Jr and Ruby Lian. MANILA/SHANGHAI, Feb 21 (Reuters) - China''s steel producers are eager to unleash their mills'' capacity when this winter''s output curbs end next month, hoping for a repeat of last year''s record profits based
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Sep 27, 2017 Steel mills in Hebei told to halve blast furnace production ahead of party congress in nearby Beijing.
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Sep 1, 2014 Since late 2013 Chinese banks have become even more restrictive in granting loans to the steel sector because of growing fears of payment default. According to CISA, the squeeze in bank loans led to a 22.2% year-on-year increase in steelmakers'' financial costs in Q1 of 2014. Many steel companies have
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Sep 27, 2017 Steel mills in Hebei told to halve blast furnace production ahead of party congress in nearby Beijing.
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Sep 21, 2010 the United States against certain Chinese steel products, which suggests that U.S. steel producers and trade .. on March 22, 2010; “About Baosteel Group Co. ,” a presentation prepared by Baosteel Co. . which has resulted in large amounts of outstanding bank loans, exposing banks to greater default.
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Oct 26, 2011 Some mills in China have stopped buying iron ore as they curb steel output to cope with the downturn in demand. China buys around two thirds of seaborne cargoes to feed the world''s largest steel industry, and is the biggest market for the mining giants Vale VALE5.SA, Rio Tinto (RIO.AX)(RIO.L) and BHP
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Mar 22, 2018 From making a loss for several years, China''s steel producers have turned strongly profitable, based, it would seem, on using higher quality iron ore, writes Clyde Steel is a cyclical business and is likely to remain so, meaning that, at some point, China''s producers will once again face a margin squeeze.
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Oct 26, 2011 Some mills in China have stopped buying iron ore as they curb steel output to cope with the downturn in demand. China buys around two thirds of seaborne cargoes to feed the world''s largest steel industry, and is the biggest market for the mining giants Vale VALE5.SA, Rio Tinto (RIO.AX)(RIO.L) and BHP
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China had more than $2 trillion in foreign reserves when the crisis hit, enabling the Chinese leadership to provide credit and stimulus.39 It was the Chinese The Chinese economic slowdown resulted in overcapacity in eighteen industries by mid-2015.59 Even so, Chinese steel companies are producing over 800 millions
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As a result, by the beginning of 2016, the industry had fallen into a severe crisis with too many plants producing too . Faced with a tough market at home, China''s top steel producers have been looking to exports to bolster .. sheets. Credit Suisse reports that the steel sector accounts for 15 percent or around. EXHIBIT 5.
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Aug 8, 2013 China''s crazy love affair with steel is a scary example of how its finances could implode And of China''s major steel mills, 40 out of 86 operated at a loss in H1 2013. And yet: In other words, the cash crunch in May and June meant steel companies started using iron ore as loan collateral once again.
Get Price
May 26, 2016 Steel index prices are at a record low, down 71 per cent in a year according to Trading Economics. Global steel-making capacity is 2.4 billion tonnes a year but global demand is a measly 1.5 billion tonnes. Chinese mills produce over 800 million tonnes a year, exactly half of the world''s output. The global
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Nov 25, 2009 1. China''s policy responses to the global financial crisis. Yu Yongding. Since reforming and opening up its economy, China has created an economic miracle. .. used administrative methods to ban unapproved construction of steel mills. . Credit growth was surprisingly high, and the same was true of the.
Get Price
Jan 25, 2018 Move comes as China seeks greater commodities pricing clout. "China has always aimed to gain pricing influence in resources, including plans to launch crude oil futures," said Zhou Tao, an analyst with Citic Futures in Shanghai. Steelmakers and miners currently price annual contracts against benchmark
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Nov 16, 2017 The sharp fall in futures comes amidst further signs that restrictions on steel production in China — now fully in force — are crimping iron ore demand from mills. “The north China ports, feeding China''s steel heartland, are filling up with iron ore,” says Matthew Hope, research analyst at Credit Suisse.
Get Price
Jan 25, 2018 Move comes as China seeks greater commodities pricing clout. "China has always aimed to gain pricing influence in resources, including plans to launch crude oil futures," said Zhou Tao, an analyst with Citic Futures in Shanghai. Steelmakers and miners currently price annual contracts against benchmark
Get Price
May 26, 2016 Steel index prices are at a record low, down 71 per cent in a year according to Trading Economics. Global steel-making capacity is 2.4 billion tonnes a year but global demand is a measly 1.5 billion tonnes. Chinese mills produce over 800 million tonnes a year, exactly half of the world''s output. The global
Get Price
Sep 14, 2016 Steel producers around the world are hurting because of over-production of the metal, mostly by Chinese mills pumping out cheap grades. Mr Stace is concerned that the UK sector could “slide back to the deeper crisis we saw only a few short months ago. As fundamentally we know that very little has
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