May 14 SMM Steel Market Morning News] face-to-face confrontation: China imposes tariffs on US $60 billion worth of US goods-Shanghai Metals Market

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May 14 SMM Steel Market Morning News] face-to-face confrontation: China imposes tariffs on US $60 billion worth of US goods

Translation 09:34:41AM May 14, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

Tuesday, 14 May 2019

News breakfast

Rising factor

1. Hebei: gradually reduce the number of iron and steel enterprises in various parts of the country, and strictly prohibit the addition of new production capacity

The Hebei Ministry of Industry and Information Technology recently announced the relevant situation of standardizing the dynamic management of enterprises in the iron and steel industry in 2018, in order to continue to implement the Standard conditions for the Iron and Steel Industry (revised in 2015), strictly check the application of new and standardized enterprises. At the same time, it is said that, in principle, the number of standardized iron and steel enterprises in various localities should be gradually reduced, and all enterprises that do not meet the requirements will not be included in the first examination and reporting list of standard announcement enterprises. Enterprises that discover and verify the existence of new steel production capacity in violation of regulations, illegal production of "ground bar steel" and other illegal production shall promptly apply to the Ministry of Industry and Information Technology for cancellation through our office.

Falling factor

1. CAA: car sales in China fell by more than 10% from January to April compared with the same period last year

Car sales in China between January and April were-12.1% year-on-year, and car sales in China in April were-14.6% year-on-year, according to figures released by the China Automobile Association. China sold 1.58 million passenger cars in April and fell 17.7 per cent in April from a year earlier.

Hot news

 

 

Key Words:  Car  morning news 

May 14 SMM Steel Market Morning News] face-to-face confrontation: China imposes tariffs on US $60 billion worth of US goods

Translation 09:34:41AM May 14, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

Tuesday, 14 May 2019

News breakfast

Rising factor

1. Hebei: gradually reduce the number of iron and steel enterprises in various parts of the country, and strictly prohibit the addition of new production capacity

The Hebei Ministry of Industry and Information Technology recently announced the relevant situation of standardizing the dynamic management of enterprises in the iron and steel industry in 2018, in order to continue to implement the Standard conditions for the Iron and Steel Industry (revised in 2015), strictly check the application of new and standardized enterprises. At the same time, it is said that, in principle, the number of standardized iron and steel enterprises in various localities should be gradually reduced, and all enterprises that do not meet the requirements will not be included in the first examination and reporting list of standard announcement enterprises. Enterprises that discover and verify the existence of new steel production capacity in violation of regulations, illegal production of "ground bar steel" and other illegal production shall promptly apply to the Ministry of Industry and Information Technology for cancellation through our office.

Falling factor

1. CAA: car sales in China fell by more than 10% from January to April compared with the same period last year

Car sales in China between January and April were-12.1% year-on-year, and car sales in China in April were-14.6% year-on-year, according to figures released by the China Automobile Association. China sold 1.58 million passenger cars in April and fell 17.7 per cent in April from a year earlier.

Hot news

 

 

Key Words:  Car  morning news