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China stainless steel soars 5% on higher raw material costs, tight supply

By Enrico Dela JANUARY 7, 202112:31 PMUPDATED   * Shanghai stainless steel hits highest in over two months * Stainless steel feedstock nickel crosses $18,000/T on LME * Iron ore jumps on China steel mills’ restocking demand MANILA, Jan 7 (Reuters) – China’s stainless steel futures leap... Read More

China’s Two Sessions expected to target steel industry carbon emissions: Analytics

HIGHLIGHTS Steel’s role in industrialization makes cutting output a challenge More M&A will help lift overall quality of steel sector Blast furnaces will continue to dominate despite EAF focus Singapore — S&P Global Platts Analytics expects a number of carbon emissions-related polic... Read More

2021 CNY holiday plans at Chinese stainless steel downstream processors

Feb 5,2021 11:23 Strict prevention and control measures have also been introduced in various places. 29 provinces, autonomous regions and municipalities have proposed “stay put during the holiday” as of January 14 to reduce the risk of infection and exposure during Spring Festival tra... Read More

China stainless steel surges on higher raw material costs, tight supply

08/01/2021 China’s stainless steel futures extended gains on Thursday, leaping as much as 5%, as higher cost of feedstock nickel and tight supply drove prices higher for the metal used in vehicles and cookware. The most-active March stainless steel contract on the Shanghai Futures Exchange rose t... Read More

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
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