UPDATE 1-China iron ore, steel futures rangebound; post weekly losses reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
China iron ore, steel futures rangebound; post weekly losses financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner That’s good news for some of China’s neighbors steel-producing rivals, India and Japan. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. Steel cuts fanjianhua/Adobe Stock The China Iron and Steel Association (CISA) warned on its Wechat channel last Sunday of impending cuts in crude steel output along with government-led environmental checks. Daily crude-steel output at major mills fell 5.6% in the first 10 days of July from June, Bloomberg reported. These were at steel plants in Shanxi, Hubei and Hebei provinces, and mills including
UPDATE 1-Dalian coking coal futures rise to over 2-month high as supply remains tight reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Chinese steel rebar and hot rolled coils futures rose on Friday and posted weekly gains as raw material costs jumped, but prices were kept in check by demand concerns stemming from the upcoming rainy season. The most-traded construction rebar on the Shanghai Futures Exchange for October delivery jumped 1.4% to 5,159 yuan ($805.41) a tonne .
Given the outbreak of the COVID-19 pandemic throughout the world in early 2020, it’s not surprise that year-over-year crude steel production levels have surged so far this year. In its monthly production analysis, the World Steel Association (worldsteel) reported global crude steel production jumped by 15.2% year over year in March. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. Global crude steel production surges in March Zhao Jiankang/AdobeStock Global crude steel production reached 169.2 million metric tons during the month, worldsteel reported.
China’s steel futures prices surge on curb news The futures prices of steel products in China increased Yuan 168/tonne ($25.9/t) over April 19-23 week from the settlement price one week earlier, in response to news that production restrictions are to also be applied to steelmakers in Handan, North China’s Hebei province, market watchers noted. The most-traded rebar contract on the Shanghai Futures Exchange for October delivery closed at Yuan 5,299/t by the end of the daytime trading session on April 23. On April 21, the Handan government issued a plan aimed at controlling production at key industrial enterprises including steel producers over April 21-June 30 as a means of reducing air pollution, Mysteel Global noted. The plan also included detailed criteria by which a mill’s environmental protection performance would be evaluated.