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Steel Production Declines for Fourth Month, But Prices Push Margins Up
China's crude steel production fell for the fourth consecutive month in July, reflecting weak domestic demand. However, the recent improvement in profit margins—driven by rising prices—could prompt steel plants to increase output as early as August, reversing the...
Base Metal Prices Decline on the SHFE After White House Meeting
On the morning of Tuesday, August 19, prices of major base metals listed on the Shanghai Futures Exchange (SHFE) recorded modest changes, with predominantly declines. The trend was influenced by the cautious atmosphere following Monday's meeting at the White House...
Tariffs and Metal Prices Pressure the US Auto Industry
The core market for metals used by the automotive industry showed a period of stability in early August. Behind this seemingly marginal change lies a very complex picture: the US automotive sector is experiencing significant instability due to the impact of metal...
Chinese Nickel Pig Iron Prices Rise in Mid-August
Nickel pig iron (NPI) prices in China broadened upward in the week ending Friday, August 15, supported by increased restocking demand ahead of the traditional peak season and growing optimism among market participants. This was revealed by several industry sources...