News

Steel surge

Xinhua  8 November 23, 2020 China’s import of steel hit a new high in September, the Ministry of Industry and Information Technology said. The country had imported 2.89 million tons of steel in September, with the import price averaging US$689 per ton, data from the MIIT showed. In the first nine... Read More

Marginal growth in steel use expected

2020-12-25 09:26 China’s consumption of steel products is expected to grow marginally next year, after hitting a record this year, said a new report from the Beijing-based China Metallurgical Industry Planning and Research Institute. According to the report, China’s steel products co... Read More

Ocean Freight Charges Rising Rapidly

18/11/2020 Ocean freight rates continue to rise worldwide. Ocean freight charges are soaring worldwide. Major shipping companies are flocking to routes to the Americas after a hike in demand from the United States and this is leading to a rapid rise in charges for shipping to Europe, Southeast As... Read More

China stainless steel futures jump on strong demand

Stainless steel futures rise as much as 1.9%, Dalian iron ore prices inch higher and spot 62% iron ore remained unchanged at $118.5 a tonne on Wednesday BEIJING: Stainless steel futures on China’s Shanghai Futures Exchange gained in early trading on Thursday, rising as much as 1.9%, booste... Read More

China’s stainless steel market has room to grow

NANJING, Oct. 18 (Xinhua) — China, a leading consumer of stainless steel globally, has huge market space for further expansion despite the challenges brought about by COVID-19 pandemic, industry insiders have said. The country’s annual demand for stainless steel is expected to rise ... Read More

Nickel outlook

NOVEMBER 11, 2020 As mentioned above, China does not seem to be slowing down its stainless steel production. Moreover, a few steelmaking Chinese companies, such as Tsingshan Holding Group and Delong Holdings have invested U.S. $16 billion. They also plan to invest, along with other firms, approx... Read More

Stainless steel market can grow

Source: Xinhua | 00:00 UTC+8 October 19, 2020 China, a leading consumer of stainless steel globally, has huge market space for further expansion despite the challenges brought about by COVID-19 pandemic, industry insiders say. The country’s annual demand for stainless steel is expected to rise to... Read More

Chinese stainless steel market

NOVEMBER 11, 2020 The Stainless Steel Council of China Special Steel Enterprises Association anticipated domestic stainless steel production to increase by 2.1% at the end of 2020. The increase would bring total output to more than 30 million metric tons. High demand incentivized production. Appa... Read More

China’s import expo records higher deals despite COVID-19 pandemic

2020-11-10 Despite the COVID-19 pandemic raging globally, the third China International Import Expo (CIIE) has sealed higher deals than the previous event, official data showed Tuesday. The third CIIE, which concluded here Tuesday, saw deals reached for intended one-year purchases of goods and s... Read More

Stainless MMI: U.S. stainless imports surge as surcharges move up again

by Maria Rosa Gobitz on OCTOBER 14, 2020 Style: Market Analysis Category: Ferrous Metals, Metal PricesThe Stainless Monthly Metals Index (MMI) decreased by 3.8% for this month’s index value, as U.S. stainless imports surged last month. Do you know the five best practices of sourcing metals, i... Read More

Stainless MMI: Stainless steel surcharges rise for fourth straight month

by Maria Rosa Gobitz on SEPTEMBER 17, 2020 Style: Market Analysis Category: Ferrous Metals, Metal PricesThe Stainless Monthly Metals Index (MMI) increased by 11.3% for this month’s index value, as stainless steel surcharges rose for a fourth consecutive month. Upcoming negotiation on your stain... Read More

SMM Morning Comments (Nov 3): Shanghai base metals rose for the most part due to the good macro data Nov 3,2020 09:39CSTPrice Review ForecastSource:SMM

Nonferrous metals on the SHFE were mostly higher on Tuesday morning, and their counterparts on the LME also rose for the most part, as a private survey showed China’s manufacturing activity grew for the sixth straight month in October. SHANGHAI, Nov 3 (SMM) — Nonferrous metals on the SHFE w... Read More
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