Govt Urged To Act Swiftly Over Possible Steel Dumping Amid 25% US Tariff
CICC's outlook for the construction Industry in 2025: Seeking stability and progress.
Focus on the centrally-owned construction enterprises with relatively stable fundamentals, which benefit from the new regulations on debt reduction and Market Cap management.
EU President Vows 'Firm And Proportionate Countermeasures' After Trump Imposes Steel, Aluminum Tariffs
BMO Notes Canada's Steel, Aluminum Export Exposure to The U.S.
Trump Signs Executive Orders On Steel, Aluminium Tariffs
Trump Signs Order Imposing 25 per Cent Tariffs on Steel and Aluminum
Trump is once again wielding the tariff big stick: on Monday, he will announce a 25% tariff increase on Steel and Aluminum imports.
① The President of the USA, Trump, announced on Sunday that he would impose a 25% tariff on the import of Steel and Aluminum from all countries on Monday; ② This marks an escalation of the trade war between the USA and its economic partner countries; ③ Trump also stated that he would announce reciprocal tariffs for all countries on Tuesday or Wednesday.
Maike Tube Industry Holdings Limited Announces Board and Committee Structure
Earnings Working Against Maike Tube Industry Holdings Limited's (HKG:1553) Share Price Following 26% Dive
Maike Tube Industry Appoints Kong Linglei as Non-Executive Director
MAIKE TUBE (01553.HK) appoints Kong Linglei as a non-executive Director.
On January 23, 2023, Gelonghui announced that MAIKE TUBE (01553.HK) has appointed Kong Linglei as the company's non-executive Director, effective from February 1, 2025.
Maike Tube Industry Announces Delay in Circular Dispatch
Driven by demand from China, iron ore has once again surpassed the $100 mark.
SGX iron ore Futures rose for the fourth consecutive trading day, with Analysts indicating that the rebound in iron ore prices is mainly driven by strong demand from China. Yesterday, China's General Administration of Customs released import and export data showing that China's iron ore imports reached a record 1.24 billion tons in 2024.
In December, China's import volume of CSI Commodity Equity Index showed a mixed trend, with iron ore remaining at a high level, while the import volume of Coal and Soybean reached a record high for the year.
In December, the year-on-year increase in unrefined Copper and copper materials, integrated circuits, iron ore and its concentrates ranked first, while the decline in finished oil was the largest. The import volume of iron ore has remained above 0.1 billion tons for six consecutive months, and the import volume of Coal has remained above 45 million tons for the sixth consecutive month.
Hong Kong stocks have seen fluctuations | Steel stocks fell across the board today as the overall winter storage situation did not meet expectations; Institutions indicate that the Industry is weak under a dual supply and demand weakness.
Steel stocks fell broadly today. As of the time of writing, Angang Steel (00347) fell by 5.41%, priced at 1.4 HKD; CHONGQING IRON (01053) fell by 4.44%, priced at 0.86 HKD; MAANSHAN IRON (00323) fell by 1.84%, priced at 1.6 HKD.
Maike Tube Industry Announces Subsidiary Sale and Agreement Renewals
MAIKE TUBE (01553.HK) plans to sell all shares of Asia Vets for 45 million yuan.
Gelonghui December 30丨MAIKE TUBE (01553.HK) announced that on December 30, 2024, Jinan MAIKE (the company's wholly-owned subsidiary) (as the seller) entered into an Equity Transfer agreement with Meide (as the buyer), whereby Jinan MAIKE conditionally agreed to sell, and Meide conditionally agreed to purchase the shares sold, equivalent to 100% equity of Asia Vets, for a total consideration of 45 million yuan. Asia Vets is a limited liability company established under China law on December 25, 2020, primarily engaged in the design and supply of assembly pipeline systems. The sale is based on a package.
Express News | Maike Tube Industry - Unit to Sell Entire Stake in Shandong Maike Smart Technology for RMB45.0 Mln
The trend of steel companies becoming more "outward" is significant, with steel exports exceeding 100 million tons, setting an eight-year record high.
① Due to the continuous decline in domestic Steel consumption, companies in the Steel Industry Chain are focusing on overseas markets as a key area for development. This year, steel exports exceeded 100 million tons, reaching a new high in eight years. ② Under policy guidance, the proportion of exports of medium to high value-added products has increased, showing a trend of change in the overall structure of domestic Steel exports from long products to flat products.
The steel industry has faced downward pressure for three years; under the new cycle, calls for "production cuts" are increasing, and there is a need for "synchronous resonance" to respond to challenges and opportunities.
① The steel industry has been declining for three consecutive years, with the market experiencing a negative feedback cycle. It is expected that the apparent consumption of crude steel will be about 0.9 billion tons in 2024, and demand may continue to decline in 2025. The industry is facing various challenges and continues to move forward under pressure while actively seeking new development opportunities; ② "My Steel" predicts a 3% increase in steel for machinery in 2025, a 1.5% increase for autos, a 6.4% increase for shipbuilding, a 2.8% increase for home appliances, and a 5.5% increase for energy.