Iron ore demand is expected to fall further in China next year as the country continues to scale down steel output, according to forecast by an industry organization on Monday.

China's large and medium-sized steel mills suffered a loss of 72 billion yuan ($11.34 billion) in the first ten months of 2015, according to China Iron and Steel Association (CISA).

Losses continued to mount for steelmakers in China during October, as the sector, once the mainstay of economic growth, reeled from overcapacity and waning demand.

Nickel gained 2% climbing back above $9,000 a tonne on the LME, recovering from a 12-year low of $8,145 a tonne earlier this week while strong gains were also seen in tin, zinc and aluminum in London and Shanghai.

[Ferro-Alloys.com] Since early 2015, nickel price plunged almost 50 percent whatever in China or international market and hit a decade low for the first time. About seventy percent of global nickel companies have been dragged into the hard period including Chi...

China’s Taiyuan Iron & Steel Group (Tisco), one of the major steelmakers in China announced to trim its list prices for hot rolled steel by RMB100/ton for December.

China’s Taiyuan Iron & Steel Group (Tisco), one of the major steelmakers in China announced to trim its list prices for hot rolled steel by RMB100/ton for December. After the announcement, its list prices for Q235 hot rolled steel with thickness of 2.75mm a...

Chinese Shougang steel announced to begin wire rod production line maintenance in its Changzhi plant for a week. It is expected to resume production on December 4, and it is expected to affect the production capacity of about 1000 tons during the maintenance...