China insight
Inner Mongolia adjusts electricity price policy of some industries and ferrochrome smelting cost increases
Inner Mongolia adjusts electricity price policy of some industries and ferrochrome smelting cost increases. |
Private iron and steel clubs increased to 12
According to the information released by the all China Metallurgical Association, the proportion of private iron and steel enterprises in the country's crude steel output continues to increase, from 62% in 2019 to 63.21%, with a total output of 66569 million t... |
The output of ferrochrome and stainless steel dropped in 2020
The output of ferrochrome and stainless steel dropped in 2020. |
Vale posts record 4Q 2020 iron ore sales to China
Brazilian mining firm Vale said it expects to achieve iron ore production capacity of 350mn t/yr this year, up by 8.7pc from a year earlier. |
China’s Baowu acquires Kunming Steel, eyes Shandong
Baowu produced 96mn t of steel in 2019 to overtake Luxembourg-based ArcelorMittal, which produced 89.8mn t, as the world's largest steelmaker. |
Iron ore freight rate fluctuates slightly due to weaker demand
According to the Wuhan Shipping Exchange, the ships overstocking in some ports continued this week. |
Next round of coal price rise expects until April and May
It is expected that a new round of coal price rise will not appear until April or may. |
Price of rebar expects to easily fall but difficultly rise
Under the action of many factors, the short-term rebar price is easy to fall but difficult to rise. |
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