Loading
Strong demand pushes steel production up 13% in first two months of 2021
Chinese producers' crude steel production stood at 174.99 mn tons in January-February 2021, up 13% from the first 2 months of 2020 (155 mn tons), blamed on the first cases of VOCID-19 infection. The increase in production was supported by robust downstream demand from...
Southern Copper to invest $8 billion in Peruvian projects
During the Southern Mining Framework's 5th International Congress, Southern Copper announced that it will invest $8 billion in its various projects in the country, including Tía María. In October 2019, construction of the $1.4 billion Tía María project in the southern...
China’s blast furnace capacity utilization drops to a ten-month low
The blast furnace (BF) capacity utilization rate among 247 steel mills across China fell 1.66 percentage points during the week, reaching a new low since May 15, 2020, although the rate still appears high at 90.39%, mainly due to the ongoing curtailment of steel...
China’s finished steel exports rise 30% year-on-year
According to data released by the General Administration of Customs China (CGAC), China's finished steel export volume rose 30% year-on-year in the first two months of 2021 to 10.14 million tons. Slowing domestic demand and improving foreign demand with global...