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China’s import expo records higher deals despite COVID-19 pandemic
2020-11-10 Despite the COVID-19 pandemic raging globally, the third China International Import Expo (CIIE) has sealed higher deals than the previous event, official data showed Tuesday. The third CIIE, which concluded here Tuesday, saw deals reached for intended one-year purchases of goods and s...Read more -
Stainless MMI: U.S. stainless imports surge as surcharges move up again
by Maria Rosa Gobitz on OCTOBER 14, 2020 Style: Market Analysis Category: Ferrous Metals, Metal PricesThe Stainless Monthly Metals Index (MMI) decreased by 3.8% for this month’s index value, as U.S. stainless imports surged last month. Do you know the five best practices of sourcing metals, i...Read more -
Stainless MMI: Stainless steel surcharges rise for fourth straight month
by Maria Rosa Gobitz on SEPTEMBER 17, 2020 Style: Market Analysis Category: Ferrous Metals, Metal PricesThe Stainless Monthly Metals Index (MMI) increased by 11.3% for this month’s index value, as stainless steel surcharges rose for a fourth consecutive month. Upcoming negotiation on your stain...Read more -
SMM Morning Comments (Nov 3): Shanghai base metals rose for the most part due to the good macro data Nov 3,2020 09:39CSTPrice Review ForecastSource:SMM
Nonferrous metals on the SHFE were mostly higher on Tuesday morning, and their counterparts on the LME also rose for the most part, as a private survey showed China’s manufacturing activity grew for the sixth straight month in October. SHANGHAI, Nov 3 (SMM) — Nonferrous metals on the SHFE w...Read more -
METALS-Copper rises on strong Chinese and U.S. manufacturing data
By Pratima Desai (Adds U.S. data, updates prices) LONDON, Nov 2 (Reuters) – Copper prices rose on Monday as sentiment was boosted by robust manufacturing data from China and the United States, though gains were limited by a firmer dollar as the market awaits the outcome of th...Read more -
MySteel Global – What triggers China’s steel semis imports surge?
Posted on October 28, 2020 by IAC Desk in Metals China’s imports of steel semis over January-August skyrocketed ten folds on year to a total of 11.4 million tonnes, according to data from China’s General Administration of Customs (GACC), and the surge contributed greatly to China’s re-emergence a...Read more -
Iron Ore 2021-2022 Forecast
Iron ore futures dropped to $116.5 per tonne, the lowest since August 10th, after recent data from SteelHome consultancy showed China’s iron ore inventories at major ports rose in the week ending October 23rd, the fifth consecutive weekly increase. Iron ore prices surged to a 6-1/2-year high o...Read more -
Chinese National Day in China in 2020
Chinese National Day in China in 2020 2020 brings a bumper break for National Day and Mid-Autumn Festival with the holidays starting on October 1st and lasting until October 8th. Two of the holidays will be compensated by working days on Sunday September 27th and Saturday October 10th. When is Ch...Read more -
EUROPE SECTIONS: Northern prices rise on raw materials costs
The price of hollow steel sections in the Northern European domestic market went up this week because of the current price surge in raw materials, market sources told Fastmarkets on Wednesday September 2. Fastmarkets’ price assessment for steel sections (medium), domestic, delivered Northern Eur...Read more -
EUROPE HRC: Domestic prices to rise further on reduced availability, lack of imports
Domestic prices for hot-rolled coil in Europe were expected to continue to rise, supported by long lead times and reduced output from EU mills as well as a lack of import offers, sources told Fastmarkets on Tuesday September 8.Read more -
US structural tubing price up on mill offers; buyers cautious
Prices for hollow structural sections (HSS) in the United States continue to tick up based on mill increases, but market participants have said they are waiting until after the national Labor Day holiday – celebrated Monday September 7 – to negotiate with mills and buy. “Anything [r...Read more -
COVID-19 Impacts — Metals Price Recovery Fragile As Recession Concerns Loom
Metals prices continued to rally in May and June, spurred by a rebound in Chinese demand and lockdown measures easing in the U.S. and Europe, as major economies began reactivating. Iron ore was the standout performer, trading at 10-month highs above US$100 per tonne through June. Bullish sentimen...Read more