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Stocks of steel scrap at Chinese shipyards fall by 1% on a monthly basis
Stocks of processed and unprocessed steel scrap held by China's 287 authorized scrap yards reversed by 1% in October, largely due to strong demand for scrap from domestic steel mills. The decline ended with two consecutive months of increases. As of October 26, scrap...
Gold production in the first quarter of Newcrest is declining
Newcrest Mining, Australia's leading gold producer, recorded a 1.7% drop in first quarter production on Thursday, but said it was on track to meet its 2021 production guidance. The company also reported that it expects an increase in gold and copper production in the...
Steel imports down 21.9% year-on-year in September
Based on preliminary data from the Census Bureau, the American Iron and Steel Institute (AISI) reported that the United States imported a total of 1,255,000 net tons (NT) of steel in September 2020, including 1,166,000 net tons (NT) of finished steel (-2.8% and -1.1%,...
China’s steel production will exceed 1 billion tons in 2020
Qu Xiuli, Secretary General of China Iron & Steel Association (CISA), predicted that China's crude steel production will exceed one billion tons or grow 3-5% over the previous year by 2020 due to strong demand.As for the last quarter, coinciding with the modest...