China still faces severe steel oversupply, and a recent price surge is only due to temporary market expectations, a senior official said on Thursday. Steel prices increased significantly starting in March and declined mildly in May, as ...
Tags: steel oversupply, steel
Vietnam Steel Association (VSA) estimates that Vietnamese steel sales in 2014 will increase to 4.6 million tons, up by 2%~3% from 2013 and that about 300,000 tons remain in the stock. It is expected Vietnam exports steel products total ...
Tags: steel, metallurgy, VSA
Hebei said it eliminated 4.56 million metric tons of ironmaking capacity and 6.8 million tons of steelmaking capacity in three cities on Sunday, marking the start of the province's campaign to cut excess production capacity. On Sunday, a ...
Tags: Dismantles Iron, Steel
The president of Feng Hsin, one of the major carbon steel long product makers in Taiwan said that the global economic situation has turned to good side. Furthermore, he added that once China's steel oversupply situation is improved, it ...