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Global iron ore production will grow 2.3% per cent a year over the next five years
Recently, Fitch’s advisory company – Benchmark Mineral Intelligence (BMI), Benchmark Mineral Intelligence released a forecast report, 2023-2027, the average annual growth rate of global iron ore production is expected to be 2.3%, In the previous five years (2017-2022), the index was...Read more -
South Korea’s steel exports to Singapore are expected to grow by about 20% annually
The Korea Iron and Steel Association Structural Steel Center has announced that KS (Korea Standards) Korean Standards have been incorporated into the Singapore Grade I Building and Construction Guidelines (BC1). KS Korea standard covers 33 types of construction steel products, including hot-rol...Read more -
Vietnam’s “steel demand” is expected in the future
Recently, data released by the Vietnam Iron and Steel Association (VSA) show that in 2022, Vietnam’s finished steel production exceeded 29.3 million tons, down nearly 12% year-on-year; Finished steel sales reached 27.3 million tons, down more than 7%, of which exports fell more than 19%; ...Read more -
Dividends from RCEP bring new impetus to foreign trade
On November 15, 2020, the 10 ASEAN countries, Australia, China, Japan, the Republic of Korea and New Zealand jointly signed the RCEP, which will officially enter into force on January 1, 2022. At present, the dividends brought by RCEP are accelerating. New Zealand milk, Malaysian snacks, Korean f...Read more -
Statistics Bureau: In May, China’s steel bar production was 19.929 million tons, down 8.8% year-on-year
Statistics Bureau: In May, China’s steel bar production was 19.929 million tons, down 8.8% year-on-year According to the latest data from the National Bureau of Statistics, in May 2023, China’s steel bar production was 19.929 million tons, down 8.8% year on year; The cumulative output...Read more -
Southeast Asian Iron and Steel Association: Steel demand in the six ASEAN countries increased by 3.4% year-on-year to 77.6 million tons
According to the data released by the Southeast Asian Iron and Steel Association, it is expected that in 2023, steel demand in the six ASEAN countries (Vietnam, Indonesia, Thailand, Philippines, Malaysia and Singapore) will increase by 3.4% year-on-year to 77.6 million tons. In 2022, steel deman...Read more -
Analysis and prospect of import and export of Chinese steel products in May
In May, China imported 631,000 tons of steel, an increase of 46,000 tons month-on-month, down 175,000 tons year-on-year; The average unit price of imports was $1737.2 / ton, down 1.8% month-on-month and up 4.5% year-on-year. From January to May, the imported steel was 3.129 million tons, down 37...Read more -
Average trade between China and Europe exceeds 1.6 million US dollars per minute
Trade between China and the European Union reached $847.3 billion in 2022, up 2.4 percent year on year, meaning trade between the two sides exceeded $1.6 million per minute, Vice Minister of Commerce Li Fei said on Tuesday. Li Fei said at a press conference held by The State Council Informati...Read more -
Argentina has announced it will use yuan to settle imports from China
Buenos Aires, April 26 (Xinhua) — Wang Zhongyi The Argentine government announced Tuesday that it will use renminbi to settle imports from China. Argentine Economy Minister Felipe Massa said at the press conference that Argentina’s use of RMB in the settlement of imports from Chin...Read more -
Ministry of Commerce: China has the willingness and ability to join the CPTPP
China has the willingness and ability to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Wang Shouwen, international trade negotiator and Vice Minister of the Ministry of Commerce, when answering reporters’ questions at a regular policy briefin...Read more -
China’s exports are expected to bottom out in Q2
China’s export growth is expected to bottom out in the second quarter of this year, according to the China Economic and Financial Outlook Report released by the Research Institute of the Bank of China. “Taken together, China’s export decline is expected to narrow to about 4 pe...Read more -
The greening of global trade has accelerated
On March 23rd the United Nations Conference on Trade and Development (UNCTAD) released its latest update on global trade, finding that global trade is greener in 2022, driven by environmental goods. The classification of environmental or green goods (also known as environmentally friendly goods...Read more
