Steel News Roundup

SHANGHAI, Aug 23 (SMM) - This is a roundup of news in the steel industry for last week.

Many Chinese cities' second batch of centralised land transfer postponed

The Jinan Public Resource Exchange Center and the Jinan Municipal Bureau of Natural Resources and Planning also jointly issued an announcement stating that the announcement of the second batch of 40 plots of centralized transfer in the city has been extended to August 30. At the same time, the start time of offer has been adjusted to August 30, and the deadline was adjusted to September 10. Hangzhou Municipal Planning and Natural Resources Bureau of Zhejiang Province issued an announcement that the offer of the second batch of concentrated residential plots transfer was terminated, with a total of 31 cases. Announcement will be renewed before August 31. The time for the second batch of centralized land transfer in Shenyang has been postponed to September 6. According to the announcement, the residential land transferred this time will adopt the model of “bidding for higher and better construction quality under land price restriction” for lands with price restrictions, and the source of funds paid by bidders will be proprietary funds. At the same time, free agent construction will all be cancelled this time.

Announcement of Ben Gang Steep Plate Co., Ltd. on the free transfer of 51% equity of Ben Gang Group

Ben Gang Steel Plate Co., Ltd. disclosed the "Reminder and Suspension Announcement of Ben Gang Steel Plate Co., Ltd. on the Strategic Restructuring of the Indirect Controlling Shareholder Ben Gang Group Corporation." on April 15, 2021. Angang Group Co., Ltd. was planning to reorganize the capital of Ben Gang Group. Recently, the company received a notice from the indirect controlling shareholder Ben Gang Group, stating that the State-owned Assets Supervision and Administration Commission of the People’s Government of Liaoning Province has received a joint notice issued by the State-owned Assets Supervision and Administration Commission of the State Council and the People’s Government of Liaoning Province, agreeing on Ansteel Group’s implementation of the reorganization. Liaoning Provincial State-owned Assets Supervision and Administration Commission will transfer 51% of the equity of Gen Gang Group to Ansteel Group free of charge.

China Iron and Steel Supply Association issuing an initiative to export companies

China has adjusted its steel export tax rebate and tariff policies twice in a row in light of multiple targets, including the current dual-carbon goals, dual-control policies, and commodity supply and prices stability control, demonstrating the government’s policy orientation on steel import and export. The China Iron and Steel Supply Association issues initiatives to export companies in the industry with the following requirements: 1. Heighten the awareness and consciously control the total export volume; 2. Optimize the structure and reduce the export of ordinary products; 3. Improve quality and efficiency to promote the export of high-end products; 4. Strengthen management, control the re-export of domestic trade; 5. Act together to maintain the order of the export market.

General Administration of Customs: Four major home appliances exports fell in July, and LCD TV exports fell by 37.9% year-on-year

Exports of air-conditioner stood at 3.47 million units in July, a year-on-year decrease of 13.5%; exports totalled 39.86 million units in January-July, up 13.1% on the year. Exports of refrigerators stood at 5.59 million units in July, down 10.2% year-on-year; exports totalled 42.24 million units in January-July, up 20.2% year-on-year. Export washers stood 1.60 million units in July, down 13.8% on the year; exports totalled 13.19 million units in January-July, up 18.4% year-on-year. Exports of LCD TVs stood at 6.47 million units in July, down 37.9% year-on-year; exports totalled 44.36 million units in January-July, down 16.4% year-on-year.