News

On December 8th, according to foreign media, the industry organization European Aluminium stated that the European Union should impose further sanctions on Russian aluminum in addition to banning aluminum wire, foil, and pipes produced in Russia, in order to have a greater impact. EU member states are considering the proposed 12th set of sanctions, including […]

On December 9th, foreign media reported that Chile, the world’s largest copper-producing country, unveiled an ambitious plan this week to strive to become one of the top three cobalt-producing nations globally while simultaneously increasing its lagging copper production. In recent years, a decline in ore grade, water restrictions, and disruptions related to the pandemic have

Data from the General Administration of Customs on December 7 showed that China exported 8.005 million tons of steel in November 2023, an increase of 66,000 tons from the previous month and a month-on-month increase of 0.8%; from January to November, the cumulative export of steel was 82.658 million tons, a year-on-year increase of 35.6%.

Information and Statistics Department of China Scrap Steel Utilization Association Last week, the domestic scrap steel market maintained stable operation, with merchants mostly shipping goods to avoid risks. Steel companies were less willing to purchase scrap steel, but they were more motivated to produce. Compared with the previous week, the average scrap purchase price of

Report from our newspaper (Reporter Zhu Xiaobo) On November 22, the World Steel Association (WSA) released global crude steel production data for October. In October, crude steel output in the world’s 71 countries and regions included in the statistics of the World Steel Association was 150 million tons, a year-on-year increase of 0.6%. In terms

Both stock indices and oil prices declined, with London aluminum down 0.61% overnight. Weak external sentiment is suppressing metal trends, as domestic aluminum ingot supply loosens and the subdued seasonal atmosphere deepens, leading to weak expectations of increased consumption. Aluminum prices may fall today. The simultaneous decline in stock indices and oil prices has exerted

In the early morning session today, stainless steel futures exhibited narrow fluctuations. As of 9:37 AM, the front-month contract 2401 was last traded at 13,610, with the highest at 13,715 and the lowest at 13,560, down 0.07%. On the macroeconomic front, last week’s Federal Reserve meeting minutes were generally cautious, and recent unexpected declines in

Foreign media reported on November 27th that aluminum prices are holding steady, resisting the overall downward trend in industrial metals. Traders are concerned that due to supply restrictions in China, there may be a shortage of aluminum supply next year. Earlier on Monday, the usage of this commodity is very widespread, ranging from soda cans

On November 6, Fortescue’s Shanghai office is the office location with the largest number of people in China for Fortescue, the world’s fourth largest iron ore producer. Entering the office, FMG’s new logo, a light green ring, is prominently displayed in various locations in the office. Many employees of the company also wear brooches designed

In the week of November 13th to November 17th, the domestic steel price index continued to rise, with both long product and plate price indexes rising. Since the end of October, steel prices have risen for three consecutive weeks. That week, the China Steel Price Index (CSPI) was 111.58 points, a week-on-week increase of 1.79