China’s “zero tolerance” warning to commodity speculators over the weekend sent prices of some metals and iron ore tumbling.

The copper price is likely to finish 2021 lower than its current level. However, they could yet see some further gains in the year, industry watchers told MetalMiner.

Global crude steel production dipped to 169.5 million metric tons in April, down slightly from the previous month, the World Steel Association reported this month.

East Manganese on course to start production in July

Tata Steel has pledged to speed up its clean-up operation at IJmuiden steel plant.

Doosan Heavy Industries Vietnam shipped 331 tonnes of steel structures to Japan’s IHI Transport Machinery in Fukushima prefecture on May 20.

Chinese authorities have admonished key enterprises in the bulk commodity sector to rein in market irregularities and keep commodity prices stable, according to the National Development and Reform Commission (NDRC).

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 169.5 million tonnes (Mt) in April 2021, a 23.3% increase compared to April 2020.