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SMM Morning Comments (Jun 11)

2018-06-11 11:54:15

SHANGHAI, Jun 8 (SMM) – The operating rate across China's galvanising plants in May gained 0.46 percentage points from April and stood at 86.6%, SMM found in a survey. This is up 8.7 percentage points from last year. The operating rate surged from last year as large galvanising plants already fitted ...
Blast furnaces' operating rate up 1.7 percentage points in May

2018-06-11 11:52:36

SHANGHAI, Jun 8 (SMM) – The operating rate of blast furnaces across China's 110 steel mills stood at 88.9% in May, up 1.7 percentage points from April, SMM surveyed. High downstream demand accounted for the rise. However, the upward room will be limited given production cuts in the non-heating ...
Copper smelters, mines in Yunnan little affected by environmental review

2018-06-07 16:10:21

SHANGHAI, Jun 7 (SMM) – Copper smelters in Yunnan province maintained normal operation as of Thursday June 7 after inspection teams from the central government settled in the province on Tuesday June 5, SMM surveyed. This suggested that previous rectifications in Yunnan were effective. Copper mines ...
Environmental review to affect secondary lead output in Hebei, Henan

2018-06-07 09:19:51

SHANGHAI, Jun 5 (SMM) – An estimated 2,500 mt/day of secondary lead output will be affected in the following month as environmental checks on acid-related companies in Hebei and Henan province intensify, SMM learned. Supply of secondary lead will remain tight in the near term as environmental ...
Maintenance at Shagang to affect rebar output

2018-06-07 09:19:02

SHANGHAI, Jun 5 (SMM) – Some 40,000 mt of output of rebar with diametres of 20-25 mm will be affected as Jiangsu Shagang undertakes maintenance on one of its rolling lines from June 20, SMM learned. Maintenance is estimated to last till June 29, SMM learned. Shagang, the largest, private steel ...
Tangshan to temporarily shut 226 metal, nonmetal mines

2018-06-06 09:24:57

SHANGHAI, Jun 4 (SMM) – A total of 226 metal and nonmetal mines in Tangshan, Hebei province are required to suspend operation until they obtain a valid "safe production licence", or renew their licences, according to a municipal government notice released on Sunday June 3. The suspension is likely ...
Greater supplies buoy domestic lead concentrate TCs

2018-06-06 09:24:24

SHANGHAI, Jun 4 (SMM) – Treatment charges (TCs) for domestic 50% lead concentrate rose 50 yuan/mt in metal content from last week to stand at 1,500-1,600 yuan/mt in metal content delivered to factory as of Monday June 4, SMM learned. Supplies of domestic lead concentrate rose as mining companies in ...
Manganese prices stay firm on production cut at world’s largest producer

2018-06-05 09:07:02

SHANGHAI, Jun 1 (SMM) – Manganese prices stayed firm in May as Ningxia Tianyuan Manganese, the biggest manganese producer in the world, cut production by 25% from the middle of May, SMM believed. Purchasing prices in tenders by steel mills and export prices also remained firm. As of Friday June 1, ...
May operating rate across wire, cable plants at 91%

2018-06-05 09:06:37

SHANGHAI, Jun 1 (SMM) – Operating rates at wire and cable plants across China stood at 90.99% in May, up 0.82 percentage point year on year, and up 1.87 percentage points month on month, SMM research found.
China’s crude steel production up 4.8% YoY in Apr

2018-06-04 09:14:38

SHANGHAI, May 31 (SMM) – China produced 76.7 million mt crude steel in April, up 4.8% year on year, 0.1 percentage point lower than the same period a year ago, according to data from the National Development and Reform Commission (NDRC). Production of steel products rose 8.5% year on year in April, ...

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