The United States’ commerce department found that Chinese companies had sold surplus steel below cost in the US, ordering import duty increases of 522 per cent for cold-rolled steel.
Sky
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Chinese steel production surges on price jump
Chinese steel production has surged in response to a jump in prices, but capacity levels are concerning and some are tipping a correction soon.
Bloomberg reports that output for April was up 0.5 per cent
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Australian business packages, exports air to China
Two Sydney-based entrepreneurs are harvesting and selling air from Australian locations and are targeting the Chinese export market.
Fairfax and others report that Green & Clean began selling the cans,
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China blamed as OECD steel overcapacity discussions continue
An OECD steel committee meeting, attended by assistant science minister Karen Andrews and including 30 of the world’s biggest steelmaking nations, has heard advice that the current glut be addressed
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China steel rally predicted to sag
Global industrial robot sales increased 8 per cent in 2015
Sales of industrial robots topped 240,000 units last year, with automotive and electronics sectors again leading the way, though overall growth was down from a bumper 2014 year.
The International Federation
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Aussie innovation impresses at leading geosynthetics event
Chris Gilbey and Phil Aitchison from Imagine Intelligent Materials took a stand at the leading geosynthetics industry event in the USA this week.
The world’s top engineering, manufacturing and installation
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Australian standards should be good enough for exports to China: Blackmores boss
Why China could never sign on to the Trans-Pacific Partnership
Chinese agribusiness invests in SA biotech
GLOBAL Chinese agribusiness Shandong Tianjiu Industrial Group has entered into a three-year $1 million joint research agreement with South Australian institution Flinders University to expand a world-class microalgae and related advanced marine bioproduct development centre.
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United States to overtake China in manufacturing competitiveness by 2020: Deloitte exec survey
The United States is predicted to regain its place as the most competitive manufacturing nation in the world, according to a global survey of hundreds of executives.
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Iron ore to shrink, food, LNG and coal to grow in Australia/China trade
Iron ore exports to China are predicted to slip, and food, gas and coal exports to increase their share of two-way trade with China, according to a new report by Reserve Bank of Australia economists.
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China cost advantage over US manufacturing nearly gone
The unit labour cost difference China has enjoyed over the United States has shrunk, according to figures from Oxford Economics.
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Business SA gets grant to help boost SME exports
Business South Australia has been awarded a federal grant to help SME businesses access export markets, particularly those with recently-signed free trade agreements with Australia.
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China manufacturing continues contraction as Australian sector grows
China’s manufacturing sector continues to shrink, according to yesterday’s official and unofficial PMI figures.
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Analysts: 2 million jobs to be shed in China steel restructure
There are fears about the social effects of China’s steel industry’s reduced output.
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Crisis talks underway for Arrium Whyalla factory
Arrium is in negotiations with politicians and financiers about what can be done to ensure steelmaking continues at the Whyalla factory, the closure of which would affect more than 1,500 jobs.
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Steel production slumped worldwide in 2015
Global steel output fell last year, the first time this has happened since 2009, according to figures from the World Steel Association released this week.
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Chinese growth slows as nation moves from manufacturing to services
Chinese GDP growth fell to 6.9 per cent last year and, for the first time, the nation’s services sector accounted for more than half of its economy.
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Dollar back under US 69 cents ahead of China GDP figures
The Australian dollar has weakened ahead of the release of economic data from China.
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