Tag: china
China reduces/cuts VAT rebate
China has abolished the VAT export rebate on many types of finished steel, and reduced it to 5% for more high valued products, according to the China Iron and Steel Association (CISA).
China: coke oven batteries
Uhde has been awarded another contract in China, this time for the construction of four new coke oven batteries with a total annual capacity of 4.2 million tonnes of blast furnace coke for the Chinese steel producer Shougang Jingtang United Iron & Steel Co.
CR SS strip line
Anshan Dongva Steel, located in China’s NE area plans to begin the production of austenitic and ferritic CR stainless steel around end of April.
Rolled Alloys opens in China
Rolled Alloys has announced the opening of Rolled Alloys (Suzhou) Co. Ltd including a new warehousing and processing facility in the Suzhou Industrial Park, Jiangsu Province, China.
China’s SS exports up 137%
Stainless steel exports from China reached 852,000tns in 2006, up by 137% compared to 2005.
World’s largest SS producer
China has become the world's largest stainless steel producer with its output exceeding five millions tons in 2006 for the first time, up 60% or three million tons from 2005.
China creates SS tension
According to Meps, Korea-based Posco has inaugurated its new stainless steel melting shop in China last month – an addition which consolidates China’s recently-won position as the world’s largest stainless steel producing country.
SS output to rise in China
Chinese stainless steel output is forecast to rise by 60% this year to 5.1 million tonnes and the Chinese consumption could rise by 16% to 6.15 million tonnes with imports reaching 2.6 million tonnes versus exports of just 0.6 million tonnes.
Chinese SS prices stabilise
Chinese domestic market prices of austenitic flat-rolled stainless have risen more than RMB 1000/tn since the middle of October, Steel Business Briefing learns from industry sources.
China: MTG pilot plant
Uhde has been awarded a contract by the Chinese company Shanxi Jincheng Anthracite Coal Mining Co. Ltd for the engineering and supply of a methanol-to-gasoline (MTG) plant.
