China insight

China’s Importation of Iron Ore Inventory Rises

[Ferro-Alloys.com] According to the statistics, as of November, 18th, the current inventory of iron ore at China’s major 45 seaports was 111.35 million tons, up by 2.26 million tons from the previous week. It has kept the volume at more than 100 million tons...

Tuesday, November 22, 2016

China’s Shagang to Hold Rebar, Wire Rod Prices Unchanged

[Ferro-Alloys.com] Chinese steelmaker Shagang Group announced to hold its rebar prices unchanged for deliveries in late November. Meanwhile, the company will hold its wire rod prices unchanged as well. After the adjustment, its ex-work prices for HRB400 re...

Tuesday, November 22, 2016

BHP: Coal And Iron Ore Demand Will Remain Slow After Peak Season E

BHP said recent coal and iron-ore prices have increased sharply, as China’s economic transformation would impact on iron ore and coal markets in first place. After the traditional winter demand season, coal and iron ore prices are expected to slow down.

Tuesday, November 22, 2016

China Steel Exports yo Remain High in 2017: report

[Ferro-Alloys.com] China's steel exports will remain high in 2017 due to flat consumption domestically and slow capacity rationalization, a recent report pointed out, forecasting exports at 100 million tons next year.

Tuesday, November 22, 2016

Inner Mongolia to Focus on Poverty Reduction

[Ferro-Alloys.com]In 2016, the annual budget for poverty reduction in the Inner Mongolia autonomous region rose to 5.79 billion yuan ($870 million), a year-on-year increase of 21 percent, according to the local finance department.

Tuesday, November 22, 2016

China’s Wugang to Achieve Production Target Cut for 2016

[Ferro-Alloys.com] The Chinese steelmaker Wuhan iron and steel group announced to achieve production target cut for 2016. Wuhan iron and steel group has met the 2016 production reduction objectives ahead of pig iron production capacity of 3.19 million tons a...

Thursday, November 17, 2016

China's Spot Price of Iron Ore Drops

[Ferro-Alloys.com] The spot price of iron ore fines 62% to China is being offering at US$70.11/ton, dropping by US$4.05/ton or 5.46% from the previous price. The average price of iron ore was US$68.86/ton in the month. Meanwhile, the China Iron Ore Price I...

Thursday, November 17, 2016

Trump election credited for copper price bump

[Ferro-Alloys.com]BUTTE -- Copper prices bounced up last week due to the presidential election, said an official with Montana Resources, the Butte mine.

Thursday, November 17, 2016
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