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Global Steel Price Rally Will Be Short-Lived
02 Feb, 2021 Fitch Ratings-Moscow/London-02 February 2021: The recent global rally in steel prices will be short-lived, Fitch Ratings says, with prices starting to decline towards the end of 1Q21 as steelmaking production continues to be restarted. Vast steelmaking capacity idled during the heigh...Read more -
steel price still rise after February Festival
Original title: In the near future, the price of cold and hot rolled coils will be dominated by consolidation “In January this year, hot and cold rolled coilsmarketIn the volatile operation, traders are generally cautious about the market outlook.Affected by the Spring Festival holi...Read more -
China stainless steel output, consumption rise in 2020
26 January 2021 China’s production, imports and consumption of stainless steel rose in 2020, according to data by China’s special steel enterprise association. The country produced 30.14mn t of crude stainless steel in 2020, up by 2.51pc from 2019. Output of the 300 series stainless s...Read more -
Metal scraps performances in Foshan market on Feb 5
Stainless Steel: Today, the price of stainless steel in Foshan market reappears. The peripheral LME nickel stopped falling and rebounded, and the domestic stainless steel futures followed suit. At present, because the circulation of goods has almost stopped, the waste recycling trade is basically...Read more -
China’s latest COVID-19 restrictions to impact steel demand more than supply
Singapore — Steel production, both inside and outside Shijiazhuang, the capital city of China’s Hebei province which has been under lockdown since Jan. 7 due to a resurgence in COVID-19 cases, has so far not been affected by the latest restrictions, industry sources said. However, ChinaR...Read more -
WEEKLY SUMMARY: China steel raw material prices diverge
China’s raw materials prices continued to move in opposite directions over January 18-22 due to the variation in their fundamentals, as iron ore prices softened further while the country’s domestic coke price gained further on limited supply. Over January 15-21, the blast furnace (BF) capacity ut...Read more -
Vaccine news boosts European stainless steel market
in Commodity News As we head into the final few weeks of 2020 the European stainless steel market is turning its attention to what the new year will bring. The second round of coronavirus-related lockdowns and increased restrictions are starting to be lifted again, in several parts of Europe. Thi...Read more -
The most stringent pollutant emission standards in the history of world steel
China’s steel industry is implementing the most stringent pollutant emission standards in the history of world steel. Since Opinions on Promoting the Implementation of Ultra-Low Emissions in the Iron and Steel Industry was issued at the end of April 2019, the upgrading and transformation of ultra...Read more -
There May Be No Respite From Higher Iron Ore Prices, For Now
December 21 2020, 9:34 AM December 21 2020, 9:37 AM Nickey Mirchandani Iron ore prices have risen the most among ferrous commodities so far this year globally as demand for the key raw material used in steelmaking rose once economies around the world restarted following the Covid-19 pandemic. Pri...Read more -
Stainless steel production decreases by 7.8% to 36.7 million tons in the first nine months of 2020
Stainless steel production decreases by 7.8% to 36.7 million tons in the first nine months of 2020 Published 17 December 2020 Brussels 17 December 2020 – The International Stainless Steel Forum (ISSF) has released figures for the first nine months of 2020 showing that stainless steel melt sho...Read more -
Weekly Average Price|| 201 Kept Increasing. 2020 Production Volume in China. Stainless Steel Market Summary in China(30th, Nov – 4th, Dec)
10 Dec 2020 Market|| 201 increased by US$23/MT, and the reason is the inventory is in short. Lately, 201 has been running out of stock, typically, the cold rolling sheet and thick products of 201. Because of lacking stock, and the turning-good transaction these days, the price of 201J1 has sligh...Read more -
What is API 5CT N80 Casing Tubing?
What is API 5CT N80 Casing Tubing? OCTG: Oil country tubular goods is the classification used for a variety of downhole products API 5CT N80 Casing Tubing serves to transport both crude oil and natural gas from oil and gas layer to the surface pipeline after drilling is completed. It is able to...Read more