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Winter Production Cuts in China Heat up Steel Prices Following structural supply reform in China, steel mill capacity utilisation has already increased to 85%. Any further supply tightening from the winter “heating season” cuts will increase margins and steel prices. But, the depth, pace and timing of cuts are highly uncertain and they may not […]

How Other Key Producers Fared in October? Among other major Asian producers, Japan saw a 1% decline in production to 9 Mt in October following a 2% rise a month ago. Production in India went up 5.3% to 8.6 Mt in October. Higher domestic steel prices and increasing local demand are benefiting Indian steel mills. […]

China Propels Global Crude Steel Production in October Global crude steel production expanded at solid pace in October on the back of a surge in output in China – the world’s biggest steel maker. Higher output across India, the United States and Europe also supported the production growth. According to the international trade body for […]

China iron ore rises with steel; coking coal hits two-month high Chinese steel futures rose for a third straight session on Wednesday, supported by leaner supply and expectations that consumption in the world’s top user would recover when production cuts are lifted after winter. Prices of steelmaking raw materials iron ore and coking coal also […]

Steel Contract Season Booms … But Prices? Not So Much The contract season has already started and steel prices have yet to react. Although domestic steel prices increased during the last week of October and the first of November, prices fell again last week. Steel prices have traded flat for most of 2017. Prices, however, […]

Steel demand eases on concerns over cooling economy Chinese steel futures fell for a third day on Friday, with demand in the world’s top consumer of the metal expected to slow over winter and as the economy cools. China’s industrial output, fixed asset investment and retail sales missed expectations for last month, raising concerns that […]

Malaysian bauxite export market quiet In early August, Kuantan of Malaysia banned bauxite export and the ban continues in November. In Johor of Malaysia, the bauxite export also becomes stagnant, as Chinese consumers turned to Indonesian market. In Johor of Malaysia, the price for bauxite Al 52%min Si 15%max is stable at around USD30/t FOB […]

China’s top steel city to cut traffic over winter in smog war Tangshan, China’s biggest steel-producing city, will impose restrictions on traffic over the winter months to reduce smog, the local government said on Tuesday, part of efforts to meet politically crucial 2017 air quality targets. Routinely listed among China’s top 10 smoggiest cities, Tangshan […]

China steel capital Tangshan to halve winter iron production capacity Tangshan, China’s top steelmaking city, plans to temporarily halve its iron production capacity from mid-November until mid-March as local authorities step up efforts to fight winter smog, a notice from the municipal government showed on Tuesday. Tangshan, in northern China’s Hebei province, aims to temporarily […]