'India frontrunner in replacing China as steel factory of the world' ... sustainable growth of the Indian steel industry. Raw material security ... require major upgradation at …
Chinese steel industry's sourcing of raw materials in the future, the likelihood of continued high rates of economic growth suggests that China's imports of raw materials will remain high. Until very recently, China was largely self-sufficient in coking coal, with domestic production supplying the bulk of the steel industry's needs.
Macquarie said the declining stockpiles of iron ore and coking coal was consistent with other indications which pointed to low levels of …
2 The prices of raw materials like ferrochrome and NPI fell but remained high, causing losses of stainless steel mills, especially for 200 series stainless steel. 201J1 prices have fallen by 2,900 yuan/mt, or 22.3% since early November.
The production curbs are aimed at reducing air pollution and controlling costs of raw materials including iron ore. China has been pushing steel mills in the country since early July to implement ...
Reversal in Fortunes Steel producers were among the best performers of the entire Chinese economy over the first three quarters of 2021, with China's 28 major listed mills pocketing over 106 billion yuan ($16.61 billion) in net profits, up 174 percent year-on-year and 129 percent higher than in pre-pandemic 2019.
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FOCUS: China's stricter steel capacity swap ratios to cool overheated raw materials markets China's new and stricter steel capacity swap ratios will cool the overheated steelmaking raw materials market and pave the way for more electric-arc furnaces to be used in its mammoth steel industry, market sources told Fastmarkets this week.
BI-WEEKLY: IO inventories at the steel works on December 2 Dec 16, 2021. I. Iron ore stocks Table 2 Table 3 II. Blast furnaces feeding ratio and molten iron cost Note: Mysteel steel mills' iron ore stocks survey covers 64 China's steel mills in the regions of Tangshan, Handan, Xingtai, Shandong, Shanxi, South China, and regions along the Yangtze River.
Profits at China's industrial firms grew at a faster pace in October, the statistics bureau said on Nov. 27, 2021, providing a buffer for a …
The profitability of China's privately-owned steel mills edged past that of their state-owned peers last year as greater flexibility in management allowed them to rein in production and turn to cheaper raw materials amid a rally in iron ore prices.
The production restrictions this year are aimed at reducing air pollution and controlling costs of raw materials including iron ore. China has been pushing steel mills in the country since June to ...
The decision by Chinese steel mills to fire up prices amid soaring raw material costs has raised concern about inflation risks in the world's second largest economy and the impact this may have ...
Chinese steel futures rise on pollution control pledge, raw materials extend losses. BEIJING, Oct 29 (Reuters) - China's steel rebar …
Iron ore prices softened in the wake of the Tangshan cut announcements on the basis there would be less demand for raw materials. But this was short-lived, and iron ore prices are now fully aligned to higher finished steel prices. On April 20, the 62% (IODEX) benchmark hit a year-to-date high of $187.75/mt CFR China.
FEATURE-2: China raw material supplies up, and steel. China's steel mills need more than raw materials, a better market please It will be too ideal a situation for Chinese steel mills to ramp up their output now that raw material supplies are no longer a constraint, as more pressing matters are still at present, as demand and steel margins have been hovering low …
Wang Jiangping, vice president of MIIT, stated that the raw material industry has achieved sound development since the beginning of the current year amid the rapid recovery of the industrial economy. Mr. Wang also said that MIIT will focus on the key problems in the development of raw material industry, aiming to ensure the safety and stability of the …
Industry consolidation will also likely aid the sector to have a bigger influence in price settlement with raw material suppliers and downstream steel users. Industry sources told S&P Global Platts that consolidation in China's steel sector is expected to accelerate in the foreseeable future, given several potential mergers and acquisitions ...
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The unequal geographical spread of critical raw materials is reflected in market share. China is one of the top three suppliers of many of the elements, way ahead of the United States and Russia.
Vale courts Latin steel mills again as China infatuation fades. ... Iron ore price up on hopes of recovering steel production in China. …
Raw materials Cisa member mills raise crude steel production by 12.7% in early Dec Member mills of the China Iron & Steel Association (Cisa) raised their crude steel and hot metal production rates but lowered that for finished steel in early December compared with the preceding 10 days, according to data published by the association on ...
China's iron ore prices reversed up over the first week of 2021 over January 4-8 and the domestic coke price continued with its uptrend as supply stayed tight while the Chinese steel mills' appetite for steelmaking raw materials in general had been strong.
Chinese steel futures rise on pollution control pledge, raw materials extend losses. 29 Oct 2021 11:59AM (Updated: 29 Oct 2021 03:26PM) BEIJING :China's steel rebar and hot-rolled coils futures ...
1 A summary of China's battery raw materials exports for November 2021, according to the latest Chinese customs data. In brief China's exports of cobalt metal declined on a month-on-month basis due to continuing global logistics disruptions arising from high freight costs and a shortage of available containers.
Steel mills have told commodities analyst S&P Global Platts that cuts to output will gather pace in the coming weeks, putting China on …
Chinese steelmaking raw materials futures advanced on Thursday, with coking coal up 5%, fuelled by hopes of recovering steel production after stringent curbs in the first 11 months of the year.
WEEKLY SUMMARY: China steel raw materials prices varied. Chinese prices of steelmaking raw materials including iron ore and coke had a mixed week over May 10-14, with iron ore prices quickly dropping from record highs amid the sudden tumble in market sentiment from bullish to bearish. But market watchers insist there have been no major changes ...
FOCUS: China's stricter steel capacity swap ratios to cool overheated raw materials markets. China's new and stricter steel capacity swap ratios will cool the overheated steelmaking raw materials market and pave the way for more electric-arc furnaces to be used in its mammoth steel industry, market sources told Fastmarkets this week.
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