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 News reports that US steel industry representatives claim the market has been distorted by dumped products, and it has had to make 12,000 jobs redundant … Continue reading US applies 522 per cent duty on China steel after dumping ruling
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 compared to last year, reaching 69.42 million metric tons, according to National Bureau of Statistics. Averaged out by production day, … Continue reading Chinese steel production surges on price jump
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, available for $18.80 each, as a novelty item for tourists. Exports have begun, with Chinese personal shoppers also buying cans here and sending these back … Continue reading Australian business packages, exports air to China
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 promptly. According to OECD figures, global capacity was 2.37 billion tonnes of steel in 2015, but only 67.5 per cent of this was being used. … Continue reading China blamed as OECD steel overcapacity discussions continue
A jump in Chinese steel production is unlikely to last, according to analysts, following a surge last month. Business Insider and others note that crude steel production in China was 70.65 million tonnes in March (up three per cent compared to March last year). Steel exports were up 23 per cent in March, 23 per … Continue reading China steel rally predicted to sag
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 of Robotics’ annual World Robotics – Industrial Robotsreport recorded an eight per cent increase in sales, year on year. China led with 66,000 units … Continue reading Global industrial robot sales increased 8 per cent in 2015
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 companies in geosynthetics were at GeoAmericas 2016, held in Miami this year. Gilbey said, “I was amazed at the level of interest in our imgne … Continue reading Aussie innovation impresses at leading geosynthetics event
Blackmores’ chief executive has said health products approved by Australian standards should not need to be approved again to be sold in China. Fairfax reports that Christine Holgate said approval by Australia’s Therapeutic Goods Administration should be recognised in China, and this would make exporting easier. “If Australia had harmonisation, the recognition that we have … Continue reading Australian standards should be good enough for exports to China: Blackmores boss
Recent estimates show that most members of the Trans-Pacific Partnership will make substantial gains, unlike those who opt not to participate. US annual real income is expected to increase by 0.5% of GDP while annual exports will increase by 9.1%. Exports of Japan, Vietnam and Malaysia are expected to increase by 23.2%, 30.1% and 20.1% respectively. … Continue reading Why China could never sign on to the Trans-Pacific Partnership
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.
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.
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.
The unit labour cost difference China has enjoyed over the United States has shrunk, according to figures from Oxford Economics.
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.
China’s manufacturing sector continues to shrink, according to yesterday’s official and unofficial PMI figures.
There are fears about the social effects of China’s steel industry’s reduced output.
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.
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.
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.
The Australian dollar has weakened ahead of the release of economic data from China.