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Glencore - Press Release
Mon, 12 Apr 2021 14:19:53 GMT
China Huaneng Group and Glencore sign MOU on CCUS Project

HRC prices skyrocket in Southeast Asia
Fri, 09 Apr 2021 00:00:00 GMT
Mills are this week seeking staggering increases for hot rolled coil inSoutheast xxx A Japanese Tier 1 mill is even offering re-rolling HRC at a record high $1,000/tonne cfr in the region, regional trading sources say. The Japanese mills offer given on 7 April for 2-2.3mm thickness SAE 1006 material, for shipment by early

Sanjeev Gupta businesses in Australia face Credit Suisse insolvency ...
Thu, 08 Apr 2021 09:00:00 GMT
Credit Suisse seeks to wind up two entities - Onesteel Manufacturing, which operates the Whyalla steel operation in South Australia, and Tahmoor

Iron ore bonanza to deliver until 2022 as supply squeeze lingers
Wed, 07 Apr 2021 00:00:00 GMT
Australias biggest miners are poised to benefit from better-than-expected iron ore prices for at least the rest of the year as global ratings agency S&P upgrades its forecasts for the key steel-making raw material. After surging Chinese steel output in 2020 propelled iron ore prices to a 10-year high and delivered bumper returns to shareholders of BHP, Rio Tinto and Fortescue, S&P Global on Friday upgraded its price assumption for the commodity from $US100 a tonne to $US130 a tonne

Steel futures gain on hopes of rising China consumption
Thu, 01 Apr 2021 00:00:00 GMT
Chinese steel rebar and hot rolled coil futures rose on Thursday, shored up by expectations of further demand on upbeat economic indicators and Beijings efforts to stimulate consumption. Chinas excavator sales in the first two months of 2021 surged 149% from same period year earlier, according to a state media report, suggesting a buoyant infrastructure sector. Meanwhile, the industry ministry and other departments jointly issued a notice encouraging new energy vehicle sales in smaller

Chinas steel plants kick off the 8th coke price cut
Wed, 31 Mar 2021 00:00:00 GMT
Some steel plants in North and East China have triggered the eighth-round coke procurement price cut by another Yuan 100/tonne ($15.3/t), on the back of high coke stocks, and if successful, the Chinese steel mills will need to reclaim another Yuan 200/t from the domestic coke makers to erase all the increments in 15 rounds over last August to early February, Mysteel Global noted. Chinas coke price has been on a downtrend since late February, and the past seven rounds of price cuts had been

Strong industrial activity, profit lift China steel futures
Tue, 30 Mar 2021 00:00:00 GMT
Chinese steel futures advanced on Monday, with rebar and hot-rolled coil both closing at record highs, as attractive industrial profit margins and rising demand amid strong construction and manufacturing activity lifted prices. Chinas industrial profit surged 179% in the first two months from the year-ago period, data from the National Bureau of Statistics showed on Saturday. Margins in the manufacturing sector jumped 219.5% on an annual basis, while profit earned by ferrous smelting and

Iron ore heads for first weekly gain in four on China steel demand
Sat, 27 Mar 2021 00:00:00 GMT
Asias benchmark iron ore futures advanced on Friday and headed for their first weekly jump in four, as declining steel inventories and rising demand in China lifted sentiment toward the steelmaking ingredient. Stocks of the five major finished steel products held by 184 Chinese mills regularly surveyed by Mysteel consultancy slipped for the fifth week over March 18-24, declining by 3.3% on a weekly basis on robust domestic demand. The steady decline in mills stocks signalled that the peak

Australias economy is more reliant on iron ore than ever
Fri, 26 Mar 2021 00:00:00 GMT
In February, for the first time ever, Australia had exported $8bn more goods than we had imported for the third consecutive month. This seemingly good news however hides the current lack of strength in our exports sector and that we are reliant on iron ore now more than ever. It almost goes without saying that our economy very much needs exports to keep growing. Essentially in the private sector there are three things that make up and drive our economy household spending, private

STEEL Talk How Does the Tower Crane Become Taller
Fri, 26 Mar 2021 00:00:00 GMT
POSCO Newsroom's STEEL Talk reveals the secret behind the gigantic tower cranes

China iron ore, coke futures tumble on Tangshan pollution clampdown
Tue, 23 Mar 2021 00:00:00 GMT
Chinese iron ore and coke futures tumbled on Monday, dragged down by concerns over weak demand for the steelmaking ingredients, as markets eyed the possibility of further production cuts in the top steel-producing city of Tangshan. China, which accounts for more than half of the worlds steel output, has vowed to go after violators of air quality rules in its steel industry, with Tangshan issuing a notice threatening to extend production curbs to combat pollution. most-traded May iron ore on

China steelmakers expect strong Q2 demand, drop in iron ore prices ...
Sat, 20 Mar 2021 00:00:00 GMT
Chinas steelmakers foresee a strong second quarter on continued high demand and expect raw material prices to fall from recent peaks as supply tightness eases, the countrys steel association said on Thursday. HBIS Group and Anshan Iron and Steel, two major steel firms in top producer China, were among those to take part in a seminar organised by the China Iron and Steel Association (CISA) to discuss recent developments and future trends. Participants expected the April-June period to see a

Number of Asia Pacific steel news reports: 12
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