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Chinese Steel Under Pressure: Falling Prices and Weak Demand Mark the Beginning of November
The Chinese steel market began November on a weak note. From concrete rebar to hot-rolled and cold-rolled coils, prices continued to decline amid weak demand, macroeconomic uncertainty, and negative expectations from operators. After a few weeks of apparent stability,...
Cobalt and Nickel, Two Diverging Directions in the MHP Market: Congolese Supply Tightens, Prices Soar
The global battery metals market has been experiencing weeks of intense tension: while cobalt supply continues to contract, pushing mixed hydroxide precipitate (MHP) payables to new records, nickel payables appear to have reached a ceiling, held back by a less buoyant...
Outokumpu Targets the United States With a Pilot Plant for Low-Emission Metals
Finnish group Outokumpu, a global leader in stainless steel and ferrochrome production, has announced an investment of approximately $45 million to build a new pilot plant dedicated to low-carbon metals in the state of New Hampshire, USA. Operations are expected to...
U.S. Crude Steel Production Rebounds Slightly in November
Domestic crude steel production in the United States totaled 1.74 million net tons in the week ended Saturday, November 1st, with a capacity utilization rate of 76%, according to the latest data released by the American Iron and Steel Institute (AISI). The data...