China insight

The contract value of MCC group will exceed one trillion yuan in 2020!

Recently, the report card of MCC's 2020 market has been published: from January to December, the newly signed contract amount of MCC was 1019.72 billion yuan, an increase of 29.4% over the same period of last year.

Thursday, January 14, 2021

The South African rand took a respite after the US dollar weakened and rebounded

The South African Rand was flat in early trading on Wednesday, breathing after rebounding from a weaker dollar the previous day.

Thursday, January 14, 2021

China exports 53.67 million tons of steel in 2020 and imports 2023 million tons

According to the General Administration of Customs, China exported 4.85 million tons of steel in December 2020, an increase of 448,000 tons over the previous month, an increase of 3.5% over the same period last year; From January to December 2020, China export...

Thursday, January 14, 2021

Anglo American deploys electric shovels in Peru

According to a caterpillar blog post, the daily handling capacity of 7495 electric rope shovel can reach 127000 tons.

Thursday, January 14, 2021

Egypt rebar factory sales rise in December

Supported by the global price rise of finished steel and raw materials, Egypt's domestic steel consumption improved significantly in December.

Thursday, January 14, 2021

China imports 1.17 billion tons of iron ore in 2020, up 9.5% from the same period last year

The latest data from the customs administration show, China imported 96.746 million tons of iron ore sand and its concentrate (iron ore, the same below) in December 2020, a monthly decrease of 1.404 million tons, a decline of 1.4%; imports reached $11.743 bill...

Thursday, January 14, 2021

Steelmaker transforms production base into tech innovation park

China Baowu Steel Group launched 10 major projects in late December in Baowu Wusong Park in Shanghai's Baoshan district.

Thursday, January 14, 2021

China's benchmark power coal price edges up

China's benchmark power coal price rose slightly during the past week.

Thursday, January 14, 2021
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