Archives

Seamless Stainless Steel Tubes Duplex 304L, 316L,321 (2)

2017 China Pipe Import Statistics Of Other Countries And Regions

2017 China Pipe Import Statistics Of Other Countries And Regions

Country and region Pipe imports, in tons
2017 2016 Year on year %
Japan 21838 24052 -9.20%
Spain 8838 12709 -30.46%
Korea 7765 9877 -21.38%
Taiwan 6204 4880 27.15%
Germany 4961 5605 -11.48%
Italy 3747 5122 -26.85%
United States 2983 2687 11.02%
India 1769 1904 -7.11%
France 1335 652 104.71%
China 804 433 85.76%
Sweden 423 405 4.66%
Austria 341 472 -27.81%
Netherlands 290 252 14.82%
Thailand 280 254 10.27%
Czech Republic 169 44 285.39%
Switzerland 159 79 102.04%
United Kingdom 155 161 -3.43%
Finland 102 37 177.10%
Singapore 95 81 18.58%
Denmark 95 183 -48.17%
other 597 2108 -71.67%
total 62953 71995 -12.56%
Seamless Stainless Steel Tubes Duplex 304L, 316L,321 (2)

Sanitary Stainless Steel Pipe Market Appears Weakness

Futures have a huge impact on the spot

Futures continued to fall turmoil run, sawing the phenomenon of long and short significantly increased, resulting in sanitary stainless steel spot market prices appear to rise and fall are ineffective.

Seamless Stainless Steel Tubes Duplex 304L, 316L,321 (2)

Sanitary stainless steel pipe inventories lower than the same period last spring demand is tight

From the inventory point of view, the current inventory of the industrial chain is still significantly lower than the same period last year, making sanitary stainless steel pipe market for the spring after the release of demand there is still tight supply expectations. In the middle of the heating season in January, the operating rate of the blast furnace in the northern region rebounded slightly due to the heating. It is expected that the supply of the sanitary stainless steel pipe market will increase in short term and the daily output of crude steel will start to rise in a ring.

Spring Festival years before the purchase of stainless steel pipe willingness to reduce the impact of transport costs increased

At present, only a few days away from the Spring Festival of traditional holidays, the space for market operation is no longer large. The purchase intention of the sanitary grade stainless steel pipe end market has obviously dropped. Most of the construction projects have been stopped except for a few key infrastructure projects and the migrant workers have holidays in advance. Coupled with the recent snow weather suffered in most areas, to transport and transactions have a greater impact. In the case of steel mills, however, it is taking advantage of the recent Winterport policy to attract purchases in this short time ago. However, the high price of sanitary grade stainless steel pipe also makes part of the demand into the wait and see, there is no price market appears again.

In the case of Spring Festival approaching, the winter storage cooling situation, the year before the transaction is difficult to highlight, combined with the sanitary stainless steel market as a whole will continue to rise in inventory, so pre-holiday sanitary stainless steel pipe market will Will enter a gradual consolidation process, but does not line a small number of markets due to short-term adjustment of futures showed slight fluctuations.

Hagens Berman Sobol Shapiro LLP

Hagens Berman Reminds Kobe Steel Investors Of Management’S Admission Of False Data

Hagens Berman Reminds Kobe Steel Investors Of Management’S Admission Of False Data

Hagens Berman Sobol Shapiro LLP reminds Kobe Steel Ltd investors of that securities class action concerning management’s admission that Kobe supplied false data to customers for years. The Lead Plaintiff deadline in the pending securities class action is February 26, 2018.

On October 10, 2017, TheStreet reported in an article entitled “Kobe Steel Shares Are Getting Torn to Shreds After New Scandal Emerges” that the group revealed it falsified data on the strength and durability of copper and aluminum shipments to customers for as much as a decade.

According to TheStreet, Kobe explained “[a] portion of the products traded with customers did not comply with the product specifications which were agreed between the Company and its customers” and “[d]ata in inspection certificates had been improperly rewritten etc., and the products were shipped as having met the specifications concerned.” Kobe reportedly stated the falsifications may have occurred over a period of ten years.

In response, the price of Kobe securities traded down USD 1.30 to close at USD 4.00 on October 10, 2017 a loss of over 24%.

Hagens Berman partner Reed Kathrein said that “We’re focused on the matters leading up to Kobe’s emergency quality audit findings, its belated disclosures and the damages inflicted on Kobe investors.”

Whistleblowers: Persons with non-public information regarding Kobe Steel should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation.

Tata-Steel-logo

Tata Steel Appraises Its Development In 2018 To Be Superior

Tata Steel Appraises Its Development In 2018 To Be Superior

Tata Steel said that in spite of facing various challenges, their company performance in 2017 remained better than the previous two years. As the global steel industry resumed its stability, the development of Tata Steel in 2018 will also be superior to the previous two years.

Tata Steel said that the Indian Ministry of Mines revised the Mineral Concession Rules 1960 in 2014, and Tata Steel was forced to close some mountain mines. In 2015, China increased its global steel exports, including exports to India. In such a challenging environment, Tata Steel still maintained a certain growth rate.

Tata Steel pointed out that due to the Indian government to impose anti-dumping duties and other provisional measures, India”s steel imports from China fell from 10 million tons to 5 million tons.

In addition, the Indian government will also take some measures to stimulate demand for steel, and the steel consumption will increase. Meanwhile, with the development of national infrastructure, the current high level of logistics costs will decline, which will benefit the operating performance of Tata Steel.

 

20180103152447

Central Omega Exported 24,863 Tonnes Of Ferronickel By The End Of 2017

Central Omega exported 24,863 tonnes of ferronickel by the end of the year

20180103152447

Central Omega Resources (DKFT) hopes to grow aggressively this year and next. Because ferronickel smelters are already operating. In addition to being able to export ferronickel, Central Omega has also obtained a permit to export nickel ore this year, with a quota of 700,000 tonnes.

Feni Silviani Budiman, manager of Central Omega Resources, said that by the end of this year the company had already shipped four vessels, exporting a total of 24,863 tons. “Central Omega, through its Cor Industri Indonesia company, has exported ferronickel to China,” she said.

In the middle of this year, it shipped its first shipment of 7,000 tons to Macrolink Resources Development and Investment. Then transport three more times. “The first ship only transported 7,000 tons, plus a further 3, a total of 24,863 tons. Each tonnage is not the same,” she said.

In fact, Central Omega company set to sell 43,000 tons of ferronickel and 500,000 tons of iron ore this year. The company set a target to sell 86,000 tonnes of ferronickel and 1 million tonnes of iron ore next year.

Cor Omac Indonesia’s Cor Industri Indonesia, a unit of Central Omega, has been operating a ferronickel refinery in northern Morowali County since June this year with a total annual capacity of 100,000 tonnes. The smelter investment value of 1.7 trillion shield.

At present, Central Omega’s three nickel reserves of 30 million tons.

On the other hand, Central Omega is also exploring the possibility of working together or acquiring several mines close to the northern Morowali smelter. “We want three mining licenses (IUPs) to be sufficient, with the goal of getting between 25 million and 30 million tons of reserves,” she said.

This year, Central Omega allocated $ 15 million in capital expenditures for maintenance. This figure is less than last year because there was no smelter funding. The company believes it will generate revenue after two years of construction.

20170220153843

China Forbids Steel Mills From Increasing Capacities

China’s Ministry of Industry and Information Technology (MIIT) announced a new policy to ensure zero growth of steel capacity in 2018.

The new policy forbids plants from increasing capacity. In environmentally sensitive areas of the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Pearl River Delta, steel plants should remove at least 1.25 tonnes of outdated capacity for every 1 tonne of new capacity.

The new guidelines include clearer details on closing capacities to build new plants, based on the size of blast furnace, converters and other facilities to be shut down.

Steelmakers that plan to build new capacities will have to shut a certain number of existing ones first.. Mills that have closed illegal capacities or obtained financial and policy assistance to help shut plants will not be allowed to build new ones.

The move has underscored China’s determination to ban growth in its massive steel sector and turned steel prices to positive from negative as investors expected China’s steel capacity will continue falling this year.

Collected by www.sanitaryvalvefittings.com

20171227155644

Iran Steel Import Dent By Higher Freight Rates And Lack Of Vessels

20171227155644

Financial Tribune reported that the flat steel import market in Iran continued to be influenced by an unprecedented increase in freight rates sparked by a massive rise in grain shipments to the country. Normally, when the autumn season for grain exports arrives, the cost of freight from the Russian port of Astrakhan to Iran increases by USD 3 to USD 5 per tonne from the normal rate of USD 20 per tonne, while the cost from Kazakhstan’s Aktau Port rises to USD 17 to USD 18 per tonne, compared with the usual USD 15 per tonne.

Sources told Metal Bulletin that however, this year, the rise in freight costs reached unprecedented levels, as Iran’s grain imports have soared due to a “bad harvest” in the country.

Since mid-October, freight costs for flat steel products from Astrakhan have risen to USD 47-55 per tonne, while shipping costs from Aktau rose to around USD 30 per tonne.

The reduced availability of vessels has added to the difficulties experienced by steel shippers.

A source on the selling side said that “We have a big problem with vessels now, but hopefully it will be solved by the end of November.”

Metal Bulletin’s price assessment for imported 2-mm hot-rolled coil in Iran was USD 565 to USD 575 per tonne CFR Iranian ports on Nov. 9, compared with USD 573 to USD 580 per tonne CFR a week earlier.

Several cargoes of Kazakhstan origin HRC for December shipment, totaling 20,000 tonnes, were booked by traders for Iran at USD 535 per tonne FOB Aktau, or USD 575 per tonne CFR in the Iranian northern port of Anzali.

Official offers from Russia’s Magnitogorsk Iron & Steel Works were unchanged week-on-week at EUR 460 (USD 533) per tonne FOB Astrakhan, or USD 580 to USD 588 per tonne CFR Anzali.

However, this price was considered too high by customers in Iran, with bids coming at around EUR €440 per tonNE FOB Astrakhan. According to some sources, this price would be possible to achieve now.

The price assessment for imported 0.50-1.25 mm CRC in Iran widened to USD 600 to USD 626 per tonne CFR Iranian ports on Wednesday, against USD 510t o USD 630 per tonne a week earlier.

20170220153843

China Adjusts Export Tariffs On Some Steel Making Input Materials, Scrap, Semis And Special Steel For 2018

China’s Ministry of Finance, in a series of measures that could boost shipments, announced that China will adjust import & export taxes on many items including some steel making input materials, semis and special steels from January 1st 2018.

While clarity about various finished steel is yet to emerge, the move will eliminate export duties on pig iron from 20% to nil, ferro silicon from 25% to 20%, ferro silcomanganese from 20% to nil, ferro chrome from 40% to 15%, various types of steel scrap from 40% to nil. Some media reports say that stainless steel plate export tariffs will fall to 5% from 10%, while billet tariffs will be 10%, down from 15% currently. But not all the adjustments will be in one direction.

Some export tariffs will be raised. Ferro titanium, ferro vanadium, ferro niobium etc will be taxed at 10% as against nil in 2017.

Meanwhile, China will implement conventional tariffs (Agreed Customs Rate) with 26 countries in a bid to promote the construction of nations alongside One Belt One Road and free trade zones.

20171213153619

China’s Industrial Metals Are Hurt By New Economic Path

Conflicts between new industries and conventional industries

Gulf Times reported that Bloomberg Commodity Index slumped by the most since March last week as selling hit all sectors, particularly the twin bellwethers of energy and industrial metals. Only three out of 30 commodities tracked in the table below managed a positive return. The agriculture sub-index fared even worse, as it dropped to levels last seen during the Great Financial Crisis nine years ago.

The combination of a stronger dollar and end-of-year position squaring probably added some additional pressure to the sector, not least among those individual commodities which have seen elevated speculative positioning up until now.

Despite an end-of-week recovery, crude oil is still headed for its second weekly loss with focus switching from a fully priced-in Opec production cut extension to US stocks, production and rig count.

A pick-up in Chinese imports last month helped support the market ahead of the weekend. Natural gas saw a fresh wave of long capitulation selling as the US winter continued to delay its arrival.

In metals, gold, silver and platinum broke key levels of support as the dollar rose in response to the increased likelihood of a US tax deal being passed and ahead of next week’s near-certain Federal Open Market Committee rate hike. The selling was particularly intense in silver and platinum.

Industrial metals suffered their worst weekly setback since March with aluminium and nickel enduring particularly steep reversals.

On top of this, copper suffered its biggest one-day selloff in more than two years with the combination of a stronger dollar, end-of-year position squaring, and worries over the demand impact from China’s switch to a new and less metal commodity-intensive economic path.

Gold traded lower after breaking its 200-day moving average and trendline support from the December low at $1,267/oz. Speculators, having positioned themselves for a break above $1,300/oz, got wrong-footed on a combination of a US tax deal moving closer and the stronger dollar.

The weakness and long liquidation that followed was led by silver which already began its decline a couple of weeks back when it broke below $17/oz.

Silver tends to be a popular metal for traders due to its relatively high volatility. It has, however, been struggling all year to make an impression.

While industrial metals rallied earlier in the year it held steady against gold and just recently when these metals started to correct silver quickly joined in by weakening against gold. The fading interest could be a sign that traders in search of volatility have moved to Bitcoin or other crypto currencies instead. It also highlights that gold’s primary source of support all year, apart from dollar weakness during the first half, has come from real money investors seeking tail-end protection against market risks elsewhere.

The XAUXAG ratio moved closer to 80 last week, a level above which it has visited very infrequently in decades – only three times during the past 22 years. Relative value has in other words begun to emerge and that is likely to provide silver with some relative support.

For the past four years gold has been averaging $1,240/oz, a level it returned to this week following the break below technical support.
From a technical perspective, the next major level of support can be found at $1,200/oz. However, during the recent weakness open interest on the Comex gold future has fallen to a four-month low. This indicates that while long positions have been reduced there has been no appetite for adding new short positions in the market.

We see this as a sign of traders looking for a bottom to reinstate longs instead of adding fresh short positions in the belief the market will go much lower.
Despite an end of weak recovery, some buying fatigue started to emerge in crude oil following the recent successful delivery by Opec and Russia of a nine-month production cut extension. This, it could be argued, is a natural consequence of the fact that the decision was already being priced in ahead of the meeting and considering how far crude oil had rallied in the weeks leading up to the meeting.

The combination of oil market volatility having fallen to a three-year low and record long positions being held by hedge funds into the low liquidity weeks around Christmas and the New Year could still cause some major moves.

With traders normally more focused on bringing down exposure than on adding it, we believe the market risk could be skewed to the downside during this period of time.

Following the Opec/non-Opec production cut extension, the market’s focus will increasingly be turning towards the US to see whether shale oil producers will be able to increase production in line with expectations.

Apart from the “Weekly Petroleum Status Report” from the US Energy Information Administration which takes a look at stocks, production and trade, the weekly rig count will also be watched closely in order to gauge the trajectory of US oil production. US oil production has in response to rising crude oil prices and apart from hurricane disruptions in September and October been rising steadily during the past 13 months. Last week it hit a fresh record of 9.7mn barrels/day.

Monthly oil markets reports from Opec and the International Energy Agency will be published on December 13.

The market will be looking for signs of whether the wide diversion in demand and supply forecasts between the two will narrow. In the November update, Opec was looking for a 2018 deficit of 630,000 barrels/day while the IEA saw a surplus 100,000 barrels/day.

Whichever way the pendulum eventually swings will have a significant impact on market sentiment.

Having broken the steep uptrend from October when supplies from Northern Iraq were disrupted, WTI crude oil shows signs of settling into a range with $55/b offering support and with resistance being $60/b, a level around which several failed attempts to break through were made during Q2 of 2015. Barring any new supply disruptions or geopolitical event, we maintain the view that the risk is skewed to the downside with consolidation being the most the bulls can expect at this stage.

Img56227

China’s Steel Industry Output Will Remain The Same In 2018

2018 China stainless steel outlook

According to the report by the Metallurgical Industry Planning and Research Institute, the growth of China”s steel industry would slow down in 2018, and the output of crude steel was estimated at 838 million tons.

Although it was still going to keep the capacity, it has benefited from the over-expected global economic recovery and steady development of its domestic economy.

Since the beginning of this year, China”s steel output has maintained a rapid growth.

According to the National Bureau of Statistics data showed that from January to October 2017, China”s crude steel output was 710 million tons, increased by 6.1% compared with the same period of last year; that of pig iron production was 603 million tons, increased by 2.7% compared with the same period of last year.

Demand for steel in various regions of the world would continue to grow in 2018. Among them, the proportion of Asian steel consumption still ranked first in the world, accounting for about 65.9%.