Chile’s mining production index falls in December
Chile's National Institute of Statistics (INE in Spanish) reported that the country's mining production index (IPMin) fell by 9.3% in December 2020 when compared to December 2019. According to the INE, the decline is a consequence of reduced activity in all three...
Chinese associations offer proposals to cut steel production by 2021
Chinese steel industry associations have offered thoughts on how to cut China's steel production in 2021 in response to a call from the Ministry of Industry and Information Technology (MIIT) and the China Chamber of Commerce for Metallurgical Enterprises (CCCME). The...
Turkish imported scrap prices fall
Turkish imported scrap prices fall, trade slows as demand for finished steel slows. Turkish imported scrap prices have fallen further in a recently concluded deal. However, limited trade has been reported this week. The Turkish lira has been the best performing...
China’s steel consumption to grow by 7% in 2020
According to the China Iron and Steel Association (CISA), China's actual steel consumption increased by 7% year-on-year, mainly in the manufacturing and construction sectors, and a further modest increase is expected in 2021. Last year, China's actual demand for...
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