In the week from January 2 to January 5, 2024, the domestic steel price index continued to rise slightly, with both the long product price index and the plate price index rising. That week, the China Steel Price Index (CSPI) was 113.56 points, a week-on-week increase of 0.66 points, or 0.59%; an increase of 0.66 […]
CSPI China Steel Price Index Weekly Report Read More »
Looking back on 2023, the prices of coking coal and coke will show an overall trend of “declining first and then rising”, with the price center of gravity shifting downwards, and the price fluctuation range being significantly greater than that of rebar, iron ore and other products. Looking forward to 2024, coking coal supply may
Entering the critical period of winter storage, steel prices are on the strong side Read More »
Although steel production has been powered by coal since the Industrial Revolution, the steel industry, like other industries, is transitioning toward a future in which emissions of carbon dioxide and other greenhouse gases are significantly reduced. However, the relevant terminology in the industry has not been clearly defined, and the same word may mean completely
When we talk about low carbon emitting steel, these terms need to be used correctly! Read More »
Recently, the UK government announced plans to introduce a Carbon Border Adjustment Mechanism (CBAM), a move that could have far-reaching implications for the cost of supplying stainless steel in the UK. As the UK heavily relies on imports for stainless steel, there are currently no safeguard measures or other trade defense restrictions in place for
Today, alumina futures traded with a bias towards strength, as the main 2402 contract opened high and maintained a strong upward trend throughout the day. As of the 15:00 close, the main 2402 contract for alumina was reported at 3175 yuan, up 67 yuan or 2.16%. A total of 498,454 contracts were traded, an increase
The explosion at the Guinea oil depot has sparked supply concerns. Weakness in the US dollar has made dollar-denominated commodities more attractive. London aluminum surged nearly 3.4% to a three-month high in the following week. The rise was driven by active buying from investment funds and solid support from low domestic inventories. Aluminum prices in
Last week, the domestic scrap steel market continued to operate on the strong side, with merchants taking a wait-and-see attitude. The arrival of raw materials from the base decreased. Steel companies focused on stable procurement, and scrap steel consumption increased. Compared with the previous week, the average scrap purchase price of key steel companies increased
Domestic scrap steel market continues to operate strongly Read More »
In the week of December 11th to December 15th, the domestic steel price index increased slightly, the long product price index increased slightly, and the plate price index increased slightly. That week, the China Steel Price Index (CSPI) was 112.77 points, a week-on-week increase of 0.33 points, or 0.30%; an increase of 1.15 points, or
CSPI China Steel Price Index Weekly Report Read More »
On the morning of December 5, Vale’s annual event “Vale Day 2023” for capital market participants was held in London, England. Marcello Spinelli, executive vice president of Vale Iron Ore Solutions, gave a speech titled “The Growth and Quality of Iron Ore” at the event. “The resilience of China’s economy is much stronger than we
Vale: Confident in the Chinese market Read More »
The simultaneous rise of crude oil and the U.S. dollar has triggered market speculation; LME aluminum faces pressure with a slight increase of 0.14% in the coming week. China’s significant conference attracts attention, raising expectations for market policies, but weak downstream consumption may limit the upward or downward movement of aluminum prices today. The simultaneous
