All factors now push steel prices up. That is the increased demand and the price of raw materials for steel production increased, including iron ore. On the Shanghai floor, the price of rebar – used in construction – at the end of the session 6/5 increased by 4.7% to a new high of 5,672 CNY/ton;…

The price of iron ore for September delivery increased by 5.5% , the prices of other steelmaking components on the Dalian bourse also fluctuated. On the Shanghai floor, the price of construction rebar for October delivery fell 0.2% to 5,610 CNY/ton. On the Dalian Commodity Exchange today, May 19, the price of iron ore for…

“Steel demand from China’s major consumers is expected to increase by 2021,” Baosteel said on April 27, further challenging the government to keep output lower than the same period last year, especially when it rose 37 million tons in the first quarter while the Government is aiming to reduce steel production by 2021 for environmental reasons….

I. Nickel news Nickel Trend: The three-month futures price of nickel on the London Metal Exchange (LME) rebounded by US$161/ton on April 21, closing at US$16,199/ton, and the spot price also hiked by US$162/ton to US$16,151.25/ton. Meanwhile, LME’s market inventory of nickel slightly increased by 131 tons to 264,646 tons. The cumulative increase in April…

China’s vast steel industry is in the midst of a conflict between economic growth and the green agenda that leads to greater challenges as President Tap Can Binh tries to clean up the world’s top carbon source. The government is pushing steel production to drop from a record more than 1 billion tons, in a…

Philip Capital mineral expert, Vikash Singh, said: “If we look at the Indian steel market, the domestic steel price is still pretty much lower than the import price. Thus, it is likely that steel prices will maintain at the current high level, or increase a little more, not decrease. Therefore, at the present time, we…