VI GB/T Standards for Recycling Iron-steel Materials to Take Effect
Beginning in 2021
China published its GB/T Standards for Recycling Iron-steel Materials on
14th December, 2020, which will take effect on 1st January, 2021.
The Standard may help the country to explore recycling iron-steel
materials at home and abroad, improve the circulation of products with
iron content, and restrain the robust demand for iron ore products, one
official told to SteelHome.
Related Info: Recycling
Iron-steel Raw Materials' Standards (Draft Guideline)
VII China Iron Ore Imports Exceeded 1 Billion Tons for 5 Consecutive
Years
In the first eleven months of 2020, China imported 1.073354 billion
tonnes of iron ore, up 105.902 million tonnes or up 10.9 percent
year-on-year, according to data released by General Administration of
Customs. The annual import volume is expected to exceed 1.16 billion
tons, a record high. So far, China iron ore imports has exceeded 1
billion tons for 5 consecutive years.
In January-November 2020, iron ore imports amounted to US$107.2 billion,
a year-on-year increase of 16.2%. The average import price was 99.9 US
dollars per tonne, an increase of 4.5 US dollars per tonne from the same
period last year. SteelHome 62% imported iron ore price index has risen
to 162.87 US dollars from 80.84 US dollars in early April this year, an
increase of 101.5%.
VIII The 2020 Version of Production Restriction for Steel Mills during
the Heavy-polluted Weather Is More Operational
In July 2020, the Ministry of Ecology and Environment issued the
"Technical Guidelines for the Emergency Emission Reduction Measures for
Key Industries in Heavy Pollution Weather (2020 Revised Edition)".
Compared
with the 2019 edition, the steel industry has more operability in terms
of heavy pollution weather warning, environmental protection and
production restriction.
In addition, the classification of iron and steel enterprises is more
detailed. In the 2020 edition, enterprises are classified as tier A,
tier B, tier C and tier D. However, the 2019 edition has no rating.
IX Global Production Capacity Cooperation Continued to Advance
Chinese steelmaker Jingye Group completed the acquisition of British
Steel's business and assets in Britain and the Netherlands on March 9.
The completion secures the future of
approximately 3,200 jobs, said Jingye, pledging to invest 1.2 billion
pounds (about 1.38 billion U.S. dollars) to place the business on a more
competitive and sustainable footing…>>
Chinese steelmaker Delong Holdings said it has signed a letter of intent
to lift the annual capacity of its steel project in Indonesia to 20
million tonnes – more than three times the volume the Southeast Asian
country produced last year.
Mineral-rich Indonesia has attracted
billions of dollars of investment from top metals consumer China as it
looks to position itself as a hub for steel and battery materials
production…>>
X Ministry of Finance Raised Export Tax Rebate for Certain Steel
Products
On March 17, 2020, the Ministry of Finance and the State Administration
of Taxation issued the "Announcement on Increasing the Export Tax Rebate
Rate of Certain Products", in which the export tax rebate rate of some
steel products was increased from 10% to 13%. After adjustment, all
steel products with tax rebates will implement 13% export tax rebate,
which is effective from March 20, 2020.
Related Info: SteelHome:
Brief Comment on China Steel Export Rebate Rate Adjustment |