China's economy
Others

China’s economy requires strong policy support, says PBOC Governor

Mysteel: China’s economy require strong policy support in terms of short- and medium-term macro-economic adjustments, said Pang Gongsheng, Governor of the People’s Bank of China (PBOC), at a financial industry forum last Friday. “The PBOC had earlier conducted in-depth research and prepared policy responses in advance, and the central government decisively introduced a package of stimulus […]

Others

China launches new SOE to lead national recycling efforts

Mysteel Global: China Resource Recycling Group (CRRG), a new state-owned enterprise tasked with building a national platform for resource recycling and reuse, was officially established on October 18 in North China’s Tianjin, according to state media Xinhua News Agency. China launches new SOE to lead national recycling efforts. The new company, with a registered capital of […]

Tokyo Steel
Steel

Japan: Tokyo Steel keeps steel prices stable m-o-m for Nov’24 sales

Tokyo Steel, Japan’s leading electric arc furnace steel manufacturer, rolled over prices of hot-rolled coils (HRCs) (1.7-22 mm) for November 2024 shipments compared to the last month. Additionally, Tokyo Steel keeps steel prices of rebars and H-beams stable for the same period. Factors affecting prices 1. Rebound in Kanto scrap export tender bids: The Kanto Iron and Steel […]

Imported ferrous scrap
Ferro Alloy

Pakistan: Imported ferrous scrap index down $2/t w-o-w; weak rebar sales dampen buying interest

Imported ferrous scrap offers to Pakistan slightly declined w-o-w, Pakistani mills are not actively sourcing imported scrap with continued weak rebar sales and competitive domestic scrap prices. As per market insiders, rebar movement stays sluggish, and for the current week liquidity pressure may persist. So far, India, Pakistan, and Bangladesh are not competitive markets because […]