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China increased steel production by 5.1% in April
Tue, 17 May 2022 10:00:00 GMT
At the same time, Chinese steelmakers reduced steel production by 10.3% in January-April

Dalian iron ore rebounds on supply woes, easing of China COVID ...
Tue, 17 May 2022 00:00:00 GMT
Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the worlds top steel producer also lifted trader sentiment. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange DCIOcv1ended daytime trade 3.9% higher at 834.50 yuan ($122.80) a tonne, after posting its biggest weekly loss in nearly three months on Friday. On the Singapore Exchange, the

China April crude steel output up on month as COVID curbs ease
Tue, 17 May 2022 00:00:00 GMT
Chinas crude steel output picked up in April, rising 5.1% from a month earlier as the impact of environmental restrictions and COVID-19 disruptions eased, but it was still well below year-ago levels. The worlds biggest steel producer made 92.78 million tonnes of the metal last month, data from the National Bureau of Statistics (NBS) showed on Monday, up from 88.3 million tonnes in March and down 5.2% from April 2021. Average daily output in April was 3.09 million tonnes, according to

Expected demand recovery likely to ease China's steel oversupply
Tue, 17 May 2022 00:00:00 GMT
Chinas oversupplied steel market could soon see some relief as the downtrend in demand is expected to bottom out in the near term, industry sources told S&P Global Commodity Insights May 16. Chinas daily pig iron output hit a record high in April at a time when the market faced tepid demand, keeping steel

China: Steel industry on path to get stronger
Mon, 16 May 2022 00:00:00 GMT
Chinas steel industry is expected to run smoothly for the rest of the year with demand growth outpacing production growth, and steel demand to further increase thanks to policy support, according to authorities. The steel industry remained stable in China with consistent supply and steady prices during the first quarter of this year, despite the complicated conditions. The steel industry is expected to achieve better performance as the overall Chinese economy expands and policy measures

Shanghai steel rebar, HRC futures range-bound on lean downstream ...
Sat, 14 May 2022 00:00:00 GMT
Chinese steel rebar and hot-rolled coil futures traded in a tight range on Friday and posted weekly losses as COVID-19-related restrictions and heavy rains dented downstream demand. China has been trying to strengthen its economy hit by the COVID outbreak, rolling out measures to help small firms and stabilize jobs and relaxing controls in the property market. However, its strict lockdowns are expected to continue to weigh on industrial activity, resulting in weaker demand for metals, ANZ

China iron ore hits nearly 2-month low on interest rate, demand ...
Wed, 11 May 2022 00:00:00 GMT
Chinese iron ore futures dropped up to 7% on Tuesday to touch their lowest in nearly two months, fuelled by concerns of higher interest rates and still-stagnant demand at home. The U.S. Federal Reserve approved half-a-point interest rate hike last week, and said could stick to that for the next two to three meetings and then assess how the economy and inflation are responding before deciding whether further rises are needed. That has led to significan't decline in commodities prices

China stares at slower steel demand from manufacturing sector ...
Mon, 09 May 2022 00:00:00 GMT
Steel demand from Chinas manufacturing sector is expected to remain in a contraction in May despite some recovery expected end-April, as shrinking overseas demand for Chinese manufactured goods compounds problems for the countrys steel sector, industry sources said. Chinas manufacturing industry purchasing manager index (PMI) contracted for the second straight month in April because of a COVID-19 resurgence in the country. Chinas new COVID-19 cases have been steadily declining since

Iron ore falls as Chinas zero-COVID policy stokes growth ...
Sat, 07 May 2022 00:00:00 GMT
Benchmark Dalian and Singapore iron ore futures tumbled more than 5% in late trade on Friday as China reinforced its tough COVID-19 response policy that has hit economic activity, prompting traders to be more cautious. The most-traded September iron ore on Chinas Dalian Commodity Exchange ended daytime trading 5.1% lower at 825 yuan ($123.47) a tonne, after a four-session advance. On the Singapore Exchange, the steelmaking ingredients most-active June contract fell 5.4% to $137.45 a tonne

Iron ore futures rise on optimism over China central bank support
Fri, 06 May 2022 00:00:00 GMT
Chinese iron ore and steel futures rose on Thursday after the countrys central bank said it would take monetary policy steps to help businesses hit by the COVID-19 outbreak and support a recovery in consumption. Returning from a five-day Labour Day break, traders were also upbeat about replenishment demand remaining strong for the steelmaking ingredient in the world top steel producer. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange DCIOcv1 ended daytime

Chinas steel consumption falls in Q1
Wed, 04 May 2022 00:00:00 GMT
Chinas steel consumption fell 5 percent year on year during the first quarter of the year (Q1) partly due to waning demand as the resurgence of domestic COVID-19 cases slowed down the construction of many projects. From January to March, steel consumption of the building industry dropped 7 percent from a year ago, while that of the manufacturing sector dipped 2 percent, said Qu Xiuli, vice chairperson of the China Iron and Steel Association. The global uncertainties also caused a decline in

Alternative sources offset Russia/Ukraine raw materials disruption: ...
Wed, 04 May 2022 00:00:00 GMT
French miner Eramet forecasts global steel production to shrink this year because of the output limitations imposed by the government in China, as well as the continued components shortage. Demand from the automotive industry is also seen slowing this year, while the consequences of the Russia-Ukraine war should remain limited, the firm says. Raw

Number of Asia Pacific steel news reports: 12
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