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Outokumpu Expects Sideways Stainless Market, Promotes the Necessity for Protectionism
Speaking at the Chicago chapter of the Association of Women in the Metals Industry’s (AWMI) most recent dinner, Outokumpu Business Area Americas CEO and President Tamara Weinert highlighted the many challenges facing domestic stainless producers. She also commented on the global stainless steel p...Read more -
China stainless steel soars 5% on higher raw material costs, tight supply
By Enrico Dela JANUARY 7, 202112:31 PMUPDATED * Shanghai stainless steel hits highest in over two months * Stainless steel feedstock nickel crosses $18,000/T on LME * Iron ore jumps on China steel mills’ restocking demand MANILA, Jan 7 (Reuters) – China’s stainless steel futures leap...Read more -
China’s Two Sessions expected to target steel industry carbon emissions: Analytics
HIGHLIGHTS Steel’s role in industrialization makes cutting output a challenge More M&A will help lift overall quality of steel sector Blast furnaces will continue to dominate despite EAF focus Singapore — S&P Global Platts Analytics expects a number of carbon emissions-related polic...Read more -
2021 CNY holiday plans at Chinese stainless steel downstream processors
Feb 5,2021 11:23 Strict prevention and control measures have also been introduced in various places. 29 provinces, autonomous regions and municipalities have proposed “stay put during the holiday” as of January 14 to reduce the risk of infection and exposure during Spring Festival tra...Read more -
China stainless steel surges on higher raw material costs, tight supply
08/01/2021 China’s stainless steel futures extended gains on Thursday, leaping as much as 5%, as higher cost of feedstock nickel and tight supply drove prices higher for the metal used in vehicles and cookware. The most-active March stainless steel contract on the Shanghai Futures Exchange rose t...Read more -
Steel surge
Xinhua 8 November 23, 2020 China’s import of steel hit a new high in September, the Ministry of Industry and Information Technology said. The country had imported 2.89 million tons of steel in September, with the import price averaging US$689 per ton, data from the MIIT showed. In the first nine...Read more -
Marginal growth in steel use expected
2020-12-25 09:26 China’s consumption of steel products is expected to grow marginally next year, after hitting a record this year, said a new report from the Beijing-based China Metallurgical Industry Planning and Research Institute. According to the report, China’s steel products co...Read more -
Ocean Freight Charges Rising Rapidly
18/11/2020 Ocean freight rates continue to rise worldwide. Ocean freight charges are soaring worldwide. Major shipping companies are flocking to routes to the Americas after a hike in demand from the United States and this is leading to a rapid rise in charges for shipping to Europe, Southeast As...Read more -
China stainless steel futures jump on strong demand
Stainless steel futures rise as much as 1.9%, Dalian iron ore prices inch higher and spot 62% iron ore remained unchanged at $118.5 a tonne on Wednesday BEIJING: Stainless steel futures on China’s Shanghai Futures Exchange gained in early trading on Thursday, rising as much as 1.9%, booste...Read more -
China’s stainless steel market has room to grow
NANJING, Oct. 18 (Xinhua) — China, a leading consumer of stainless steel globally, has huge market space for further expansion despite the challenges brought about by COVID-19 pandemic, industry insiders have said. The country’s annual demand for stainless steel is expected to rise ...Read more -
Nickel outlook
NOVEMBER 11, 2020 As mentioned above, China does not seem to be slowing down its stainless steel production. Moreover, a few steelmaking Chinese companies, such as Tsingshan Holding Group and Delong Holdings have invested U.S. $16 billion. They also plan to invest, along with other firms, approx...Read more -
Stainless steel market can grow
Source: Xinhua | 00:00 UTC+8 October 19, 2020 China, a leading consumer of stainless steel globally, has huge market space for further expansion despite the challenges brought about by COVID-19 pandemic, industry insiders say. The country’s annual demand for stainless steel is expected to rise to...Read more