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China cracks down on ditiao steel, steel sector in fresh inspections

2018-04-20 09:51:22

SHANGHAI, Apr 18 (SMM) – China's National Development and Reform Commission (NDRC) will conduct inspections in May and June to eliminate ditiao steel and overcapacity in the steel industry, it announced on Wednesday April 18. Spokesman for the NDRC, Yan Pengchen, said at a news conference that the ...
Snapshot: China’s steel, aluminium, nonferrous metals output in Q1

2018-04-19 10:34:14

SHANGHAI, Apr 17 (SMM) – In the first three months of this year, China produced 212.15 million mt of crude steel, up 5.4% year on year, according to latest data from the National Bureau of Statistics. The output of aluminium stood at 8.12 million mt, up 0.3% on the year. The output of nonferrous ...
Snapshot: Nickel spot market in Shanghai

2018-04-19 09:38:16

SHANGHAI, Apr 17 (SMM) – Norilsk nickel in the Shanghai market traded at a premium of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on Tuesday April 17, while Jinchuan traded at a premium of 600 yuan/mt, SMM learned. Jinchuan offered nickel plate at 103,500 yuan/mt. Traders ...
Copper concentrate TCs remain at low levels

2018-04-19 09:37:52

SHANGHAI, Apr 17 (SMM) – Trading in the imported copper concentrate market was thin during the week ended April 13 as smelters held back purchasing on the relatively low treatment charges (TCs). SMM assessed clean copper concentrate TCs at $70-76/mt as of Friday April 13, down $0.5/mt from a week ...
Copper rod producers operate at close to 80% in Mar

2018-04-18 09:48:41

SHANGHAI, Apr 16 (SMM) – Operating rates at Chinese copper rod producers jumped to 79.4% in March, up 10.05 percentage points year on year and 31.73 percentage points on the month, as orders improved from the electric wire and cable industry, according to an SMM survey. In April, operating rates are ...
Tangshan imposes more output cuts on pollution concerns

2018-04-18 09:19:01

SHANGHAI, Apr 16 (SMM) – In an emergency response to the heavily-polluted weather in the Beijing, Tianjin and Hebei area this week, Tangshan city has initiated measures to cut emissions from 20:00 on Sunday April 16, SMM learned. On top of current non-heating season cutbacks, a further cut of 50%in ...
Aluminium inventory edges down on stable consumption

2018-04-18 09:18:39

SHANGHAI, Apr 16 (SMM) – China's inventory of refined aluminium including SHFE warrants amounted to 2.216 million mt as of Monday April 16, according to SMM data. This is down 15,000 mt from 2.231 million mt recorded on Thursday April 12. Details are as follows: Wuxi, Jiangsu – 898,000 mt Shanghai – ...
China's steel exports down 27% in Q1

2018-04-17 10:03:20

SHANGHAI, Apr 13 (SMM) – China exported 5.65 million mt of finished steel in March, up from 4.85 million mt in February, according to Chinese Customs. This brought the country’s finished steel exports to 15.15 million mt in the first quarter of this year, down 26.9% from the same period last year. ...
Iron ore port inventory edges down on increasing demand

2018-04-17 09:05:30

SHANGHAI, Apr 13 (SMM) – Iron ore inventory at 35 major Chinese ports stood at 147.77 million mt as of Friday April 13, down 2.27 million mt from a week ago, SMM data showed. Jingtang and Caofeidian ports saw an apparent inventory decline due to fewer deliveries to ports in north China. Mills demand ...
SMM CoLiNi Summit: China's cobalt demand to add 2,200 mt in 2018

2018-04-17 09:05:13

SHANGHAI, Apr 13 (SMM) – China's demand for cobalt this year is expected to increase by 2,200 mt in metal content, according to Hong Lu, SMM senior analyst. There is no apparent shortage in the global cobalt market, but spot supply is hardly in surplus due to speculative inventories, Hong said at ...

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