09-11
2026
Over the past 8 months, this figure has fallen by 3% y/y In August this year, China increased its steel exports by 0.3% compared with the previous month, to 10.15 million tonnes. This was reported by the China Iron and Steel Association (CISA). Compared with the same period in 2025, the figure rose by 6.8%. The average price of these exports in August was 722.2 per tonne, which was 0.9% higher than in the previous month. Between January and August, Chinese steelmakers exported 75.15 million tonnes of steel products, down 3% year-on-year. Steel imports into China in August totalled 434,000 tonnes (-2.5% month-on-month and -13.2% year-on-year). Over the first eight months, the figure stood at 3.57 million tonnes (-10.5% year-on-year). Meanwhile, in August, China imported 108.54 million tonnes of iron ore, which was 0.4% more than the previous month and ...
09-11
2026
Contract negotiations with CMRG have repeatedly proved to be a challenge for the industry’s leading players China’s state-owned iron ore importer, China Mineral Resources Group (CMRG), has advised a number of steelworks to refrain from purchasing the key Pilbara Blend ore from Rio Tinto Group. This was reported by Bloomberg. According to sources familiar with the situation, this is because contract negotiations with the Australian mining giant have reached a critical stage. China’s CMRG, established to strengthen Beijing’s influence over the pricing of key raw materials, has informed companies that negotiations have reached a critical stage and has asked them to refrain from discussing new purchases with Rio Tinto for the time being. CMRG, a specialised state-owned purchasing agency, was established in 2022 with t...
09-11
2026
Over the past seven months, the relevant figure has risen by 5.3% In July 2026, US steelworks shipped 8.22 million short tonnes of steel. This is 3.7% less than in June, according to a report by the American Iron and Steel Institute (AISI). Compared with July 2025, the figure rose by 5.4%. In January–July, steel shipments totalled 55.74 million short tonnes. This is 5.3% higher than in the same period last year. Over the past seven months, shipments of corrosion-resistant sheets and strips rose by 13% year-on-year, those of hot-rolled sheet by 8% year-on-year, and those of cold-rolled sheet by 0.1%. It should be noted that in July this year, the United States imported a total of 2.26 million short tonnes of steel. In particular, imports of rolled steel amounted to 1.56 million tonnes. Compared with June 2026, these figures rose by 7....