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Base Metal Prices Decline at SHFE: Only Lead Strengthens Amid Mixed Market Signals
China's base metals market opened Wednesday, November 5th, on a generally weak note. On the Shanghai Futures Exchange (SHFE), nearly all major industrial commodities posted declines in the early hours of trading, with tin leading the losses and lead the only metal in...
Chinese Steel Under Pressure: Falling Prices and Weak Demand Mark the Beginning of November
The Chinese steel market began November on a weak note. From concrete rebar to hot-rolled and cold-rolled coils, prices continued to decline amid weak demand, macroeconomic uncertainty, and negative expectations from operators. After a few weeks of apparent stability,...
Outokumpu Targets the United States With a Pilot Plant for Low-Emission Metals
Finnish group Outokumpu, a global leader in stainless steel and ferrochrome production, has announced an investment of approximately $45 million to build a new pilot plant dedicated to low-carbon metals in the state of New Hampshire, USA. Operations are expected to...
U.S. Crude Steel Production Rebounds Slightly in November
Domestic crude steel production in the United States totaled 1.74 million net tons in the week ended Saturday, November 1st, with a capacity utilization rate of 76%, according to the latest data released by the American Iron and Steel Institute (AISI). The data...