Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  China Steel Corporation    2002   TW0002002003

CHINA STEEL CORPORATION

(2002)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

New China steel scrap standards to be issued by end-2020 - Xinhua

10/14/2020 | 03:07am EST

Oct 14 (Reuters) - China is expected to issue new standards for steel scrap at the end of 2020, the official Xinhua news agency reported, in a move that will allow material meeting them to enter the country after a ban on solid waste imports goes into effect.

Beijing currently categorises most scrap metal as solid waste, imports of which will be banned from the end of this year, but has already made some exceptions on the nonferrous side that will allow certain high-grade shipments to continue.

Inflows of steel scrap - which is melted in electric arc furnaces to make recycled metal - into top steel producer China have been dwindling ahead of the ban for environmental reasons, leaving the industry concerned about a shortage of supply.

In January, China published new standards for high-grade copper scrap and aluminium scrap that allowed them into the country. Now, new standards have been proposed for high-quality steel scrap which will be classified as a resource rather than a waste, meaning it will not be subject to the ban.

The steel scrap standards formulated earlier have now passed the review stage and work is being accelerated to publish them at the end of this year, Xinhua reported, citing a meeting on recyclable ferrous materials in Shanghai on Tuesday but without providing further details.

Wen Xuefeng, head of the solid waste department at China's Ministry of Ecology and Environment, said making full use of domestic and international recycled steel would help reduce emissions and alleviate China's over-reliance on iron ore, Xinhua reported.

Dalian iron ore prices have risen more than 50% so far this year amid coronavirus-related supply concerns and robust steel demand, squeezing Chinese steel mills' margins. (Reporting by Tom Daly and Min Zhang; Editing by Jacqueline Wong)


ę Reuters 2020
All news about CHINA STEEL CORPORATION
03/03CHINA STEELá : rebar hits near 10-year high on output cut fears
RE
03/02CHINA STEELá : rebar soars to nearly 10-year high on output cut concerns
RE
02/22CHINA STEELá : Dalian coking coal, coke futures tumble as China steel profit mar..
RE
02/21Dalian coking coal, coke futures tumble as China steel profit margins slump
RE
02/17CHINA STEELá : Preliminary Result January 2021
PU
01/27CHINA STEELá : Preliminary Result December 2020
PU
01/11CHINA STEELá : futures drop as inventories climb, demand eases
RE
01/10CHINA STEELá : futures drop as inventories climb, demand eases
RE
01/07CHINA STEELá : stainless steel surges on higher raw material costs, tight supply
RE
2020CHINA STEELá : The 11th meeting of the 17th Board of Directors of CSC was held o..
PU
More news
Financials
Sales 2021 379 B 13 567 M 13 567 M
Net income 2021 28 748 M 1 028 M 1 028 M
Net Debt 2021 188 B 6 718 M 6 718 M
P/E ratio 2021 13,6x
Yield 2021 2,96%
Capitalization 385 B 13 743 M 13 758 M
EV / Sales 2021 1,51x
EV / Sales 2022 1,51x
Nbr of Employees 28 490
Free-Float 70,9%
Chart CHINA STEEL CORPORATION
Duration : Period :
China Steel Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA STEEL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 26,79 TWD
Last Close Price 24,95 TWD
Spread / Highest target 26,3%
Spread / Average Target 7,36%
Spread / Lowest Target -25,5%
EPS Revisions
Managers and Directors
NameTitle
Hsi Chin Wang President & Director
Yueh Kun Yang Director & Vice President-Finance Division
Chao Tung Weng Chairman
Song Jau Tsai Vice President-Technology
Chiu Po Chang Vice President-Administration
Sector and Competitors