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HRC steel: Chinese production increases by 4.7% in 2022
According to the National Bureau of Statistics (NBS), China's production of hot-rolled coil (HRC) steel amounted to 187.8 million tonnes in 2022, up 4.7% year-on-year. In the same period, China's production of cold rolled coils (CRC) was 42.192 million tonnes, down...
Stainless steel: EU duties limited Indonesia’s exports
According to an Indonesian trade ministry official, EU anti-dumping duties on Indonesian stainless steel have severely curtailed exports, explaining the country's decision to file a complaint with the World Trade Organisation. The WTO said last week that Indonesia had...
Gold: in 2022 central banks bought the largest amount since 1967
According to the World Gold Council (WGC), central banks purchased the largest amount of gold in 2022 since 1967, adding as much as 1,136 tonnes to their stocks worth around USD 70 billion in 2022, by far the highest of any year since 1967. The data underscore a...
Steel: Shanghai will ban new production capacity in 2023
The local government of Shanghai announced that it will not allow the addition of new steel capacity in 2023 in order not to increase crude steel production capacity and only to reduce it. On the other hand, scrap utilisation will increase by 30% by 2030 and 15% by...