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China’s Vehicle Inventory Alert Index in May down by 4.6 percentage points MoM 2020-06-01
China's Vehicle Inventory Alert Index (VIA) stood at 54.2% in May, which dropped 4.6 percentage points over a month ago, while edged up 0.4 percentage points over a year ago, according to the China Automobile Dealers Association (CADA). However, it was still above the officia...
MoreSouth Africa initiates safeguard investigation on bolts 2020-05-29
The South African International Trade Administration Commission has issued notice of a safeguarding investigation against increased imports of hexagon head steel bolts, imported under tariff code 73181543.The investigation is in response to an application lodged by the South Afri...
MoreFactory profit decline slows 2020-05-28
Employees work at a steel plant in Dalian, Liaoning province. [Photo by WANG YANG/FOR CHINA DAILY]Effective bailouts, rebound in sales and production resumptions bolster sentimentProfits at industrial firms declined at a slower pace in April as production and sales rebounded amid...
MoreChina's industrial profits down 27.4% in first four months 2020-05-27
Workers are seen at a factory of Great Wall Motors in Yongchuan district of Chongqing, Southwest China, March 18, 2020. [Photo/Xinhua]BEIJING - Profits of China's major industrial firms continued to fall in the first four months of 2020, but the decline was seen to ...
MoreProducer prices in April 2020 drop by 1.9% compared with 2019. 2020-05-26
In April 2020 the index of producer prices for industrial products decreased by 1.9% compared with the corresponding month of the preceding year. In March the annual rate of change all over had been –0.8%, as reported by the Federal Statistical Office (Destatis). Compared with t...
MoreThe UK’s new MFN tariff regime (UKGT): Zero tariff for fasteners? 2020-05-25
The Government has this morning (19 May) announced the UK's new MFN tariff regime, the UK Global Tariff (UKGT). This will replace the EU's Common External Tariff on 1 January 2021 at the end of the Transition Period.Our new tariff is tailored to the needs of the UK econom...
MoreEurofer: European finished steel market unlikely to rebound substantially before early 2021 2020-05-22
Eurofer expects in a report released recently that EU finished steel market is unlikely to improve before the fourth quarter of 2020 or early 2021. The situation will depend largely on the time of production suspension in the downstream steel industry affected by the COVID-19 pan...
MoreSurvey: concerns about capital shortage, notably in steel, cars and transportation 2020-05-21
Japan (Reuters)-According to a Reuters company survey in May, 20 percent of companies said they were worried about running out of money if the impact lasted for a long time, while 30 to 40 percent of steel and cars in transit sounded cautious. With regard to cash flow, more than ...
MoreMould: The heart of the machine? 2020-05-20
In the last two decades, China's mold manufacturing technology has made a qualitative leap, and the mold industry has grown rapidly from small to large. International Fastener Show China (November 3-5, Shanghai World Expo Exhibition & Convention Center) has been focusing ...
MoreEU launched an anti-dumping investigation into certain hot-rolled flat products of iron from Turkey 2020-05-20
On 14 May 2020, the European commission announced that Eurofer submitted an application on behalf of producers of hot rolled flat steel products of iron, non-alloy or other alloys accounting for more than 25% of the total production of similar products in the EU on 31 March 2020....
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