Loading
South African government approved a new export tax on chromium exports
The South African government (SA) has approved an export tax on chromium ore, although the percentage has not yet been announced. According to Minister Jackson Mthembu, the interventions include the proposed introduction of the export tax on chromium ore, the use of...
China’s finished steel demand will increase by 5% in 2020
Luo Tiejun, vice president of China Iron & Steel Association (CISA) said that demand for Chinese steel fell 30% year-on-year in the first quarter of 2020 due to the pandemic, as construction and production activities slowed substantially, but demand from...
September 2020 – Steel production
World steel production for the 64 countries of the World Steel Association (worldsteel) was 156.4 million tons (Mt) in September 2020, an increase of 2.9% compared to September 2019. Due to the continuing difficulties presented by the COVID-19 pandemic, many of this...
China’s new international copper contract coming soon
Next month, exactly November 19, China will launch a new international copper contract. The futures contract will be launched at the Shanghai International Energy Exchange (INE) as reported by the China Securities Regulatory Commission. While a Chinese copper contract...