Monthly Archives: July 2014

What to Look for in China Steel Manufacturers

When it comes to picking a supplier for steel, there are many choices available. Depending on your needs, the Chinese market can supply you at a less expensive cost and easier than local markets. Importing steel, when the average cost is 10% less than buying locally, makes sense from an economic standing.

Steel prices are depressed because of a combination of economic and political factors that have created a buyer’s market where prices are low and customer service is high. Finding a supplier for your steel that will work with you and has your interests at heart is the most important thing.

Of the many Chinese steel companies, the best one for you will depend on a number of factors. Whether you are in the market for corrugated galvanized steel, hot rolled steel plate or whatever steel needs you have, there are some basic factors that are desired in a supplier:

Quality assurance. Your steel manufacturer has to be able to provide 100% quality in all of their products. Tested and guaranteed to perform exactly as expected. Your quality requirements need to be met by the manufacturer.

Price guarantee. If the price of steel drops after you place an order, you should get the best price if your order has not been completed. Find a company that keeps your costs in mind, no matter what fluctuations the global market is going through.

Expansive range. In addition to saving you time in ordering, having all of your needs supplied by one manufacturer will save money on shipping. Keeping your costs down is one of your most important concerns. Find a steel manufacturer that will keep your needs in mind and isn’t afraid of making suggestions to keep your costs down.

On time delivery. Your schedule is critical for manufacturing, you need a company that makes meeting your schedule their top priority. A large enough company will have stock on hand and the raw materials to create special orders without a significant time delay.

Flexible payment options. Not everyone has cash on hand to pay for orders when they are made, working with a company that understands this and has already set up multiple payment options will make getting the contract through your own company easier.

Cost saving options. Not all customers need the finishing touches that add extra money to the bill. You need a company that will work with you on the finishing requirements of your order, no matter what size it is. A company that is willing to find your tax rebate and cost saving options can save you thousands of dollars on your order.

Finding a company that offers all of these advantages and more should be your goal. You also need a company that can weather government regulations and global market downturns.

Legislation is becoming more aggressive for China steel suppliers and you need a company that is willing to put your interests to the forefront.

Learn what to look for if you need Corrugated Galvanized Steel from a Chinese steel exporter.

Seven Reasons to Buy Steel from China

With the depression of steel prices on the global market, it has become less expensive, in many cases, to import raw steel from China to finish at local metal manufacturing facilities than to buy locally. Demand currently doesn’t match output, which creates a buyer’s market for steel.

Although price is the major reason to import steel, other reasons include:

  • Depressed prices. Again, China steel manufacturers have overproduced product for what the demand is global. This has caused a depression of steel prices for both foreign and domestic steel. With relaxed tariffs in the US, the cost of imported steel is still less than that of domestic manufacturers and steel mills.
  • Over ordering. Having a lot of raw material setting around can work to your benefit. China’s steel industry has started to slow down their production, but the raw material has already been acquired and is costing manufacturer’s overhead costs just to keep it.
  • High-quality. China’s government has recently tightened up their regulations concerning steel mills, closing many that couldn’t maintain the minimum standards set. This has left the companies that are still in business taking a greater concern on the quality of their products and manufacturing methods.
  • Excellent customer service. With the slowing down of production, China’s steel manufacturers are fighting harder over a smaller market share and offering inducements to get your business. One of the primary inducements they can offer is excellent customer service and keeping current and potential customers happy and satisfied.
  • Price locks. Taking the worry out of a fluctuating market price helps raw steel importers control their bottom line. Instead of waiting for the price to creep down, inhibiting manufacturing while waiting for the price to bottom out, you can plan ahead for costs by ordering now, at the current rate, and having the steel shipped to your facility on your schedule.
  • Dependable shipping schedules. With the accumulation of raw materials, scheduling your order becomes easier. The Chinese companies already have the material for your order in stock and can begin work on it, immediately. This allows for planned ordering and shipping without having to worry about the global market availability.
  • Tariff issues. Currently, the trade atmosphere between China and the US favors the import of steel over buying it within the US. Importing steel, even with the costs of transportation factored in, costs about 10% less than buying from US suppliers.

Modernized facilities and an emphasis on increasing their economic output have made the current dynamic between China and the US a perfect place for finished steel manufacturers. Latest steel prices, cheap shipping and a ready supply of materials will keep Chinese steel flowing into the American marketplace as long as the market will sustain it or until the government steps in to put an end to the market status that Chinese steel currently enjoys.

Market Demand and Economic Uncertainty -Creating the Perfect Time to Import Steel

The current picture of steel manufacturing the world over is driven by two countries. The United States is importing large amounts of raw and finished steel products. China is meeting and exceeding these demands, while also continuing to import large amounts of iron ore in their steel manufacturing industry. Conflicts and agreements between these two countries has created a situation where prices continue to fall and production continues to rise. More products have to be made, or imported, to meet economic demands.

China has been garnering a lot of attention lately with their expansion of steel exports. Currently the largest exporter in the world, Chinese production is still increasing, driving prices down globally and making Chinese steel products cost- and time-effective.

The United States has imported over 10 million metric tons of steel in the first quarter of 2014. Demands in the auto industry and energy drilling have increased and although American steelmakers have filed trade cases arguing for an increase in tariffs, most of those cases are unresolved at present and the market remains open.

Many US steel mills are supporting tariffs against imported finished steel, but are also big importers of raw steel that they use to make finished products. This has created a market that the steel industry is trying to exploit for specific gains, while hurting foreign steel makers for producing the same products for a cheaper price.

Internationally, the price of iron ore is primarily determined by Chinese demand. China is the largest consumer of iron ore in the world, even with the current economic slowdown. This slowdown has resulted in lowering factory output and slowing retail sales. Continuing this trend will result in a depression of the world market for iron ore as less is used and inventory builds up in Chinese ports.

These two factors, increased Chinese manufacture and a looming tariff on importing steel to the US has created the perfect moment for importing steel for your industry or business. Locking in low import prices, now, before the tariff laws raise them will ensure a steady supply of raw or finished steel from China while avoiding the uncertainty that will follow the US tariff decisions.

Good business sense suggests that you buy while prices are low. It is unlikely that production will continue at this level much longer. The economic and manufacturing changes occurring in Chinese steel suppliers will slow production down.  If the tariffs go into effect in the US, the prices for imported steel will necessarily rise. Now is the time to buy steel.

Resource Box:

A general overview of the state of steel imports and exports between the US and China with a look forward at the coming tariff disputes and economic slowdown. The emphasis is on purchasing while steel prices are low and the economic picture is still stable.

Article Summary:

This article highlights the current state of affairs between the US and China over the steel import/export situation. It gives a general overlook of the economic positioning of each country and the most likely outcomes.

Latest Galvanized Steel Prices From

Latest Steel Prices

Steel Coil Sizes Steel Price
(FOB China)
Steel Grade
Common Quality
0.5*1250*C $710/MT


A653 CS Type B/EN10142


0.6*1250*C $705/MT
0.7*1250*C $700/MT
0.8*1250*C $695/MT
0.9*1250*C $693/MT
1.0*1250*C $690/MT
1.2*1250*C $693/MT
1.5*1250*C $690/MT
2.0*1250*C $685/MT
2.5*1250*C $703/MT
High zinc coating
0.8*1250*C $780/MT JIS G3302 SGCC/ASTM

A653 CS Type B/EN10142


1.0*1250*C $770/MT
1.2*1250*C $760/MT
1.5*1250*C $730/MT
2.0*1250*C $730/MT
2.5*1250*C $710/MT
3.0*1250*C $710/MT
3.5*1250*C $720/MT
4.0*1250*C $725/MT

China Steel


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