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China’s steel suppliers brace for cut in tax rebates
China's steel mills and traders are gearing up to protect their business from the impact of possible cuts in export tax rebates on certain steel products, currently being considered by the central government. Industry sources say there is a new sense of urgency in the...
Chinese scrap steel prices fall as stockpiles rise
Steel scrap prices reversed from March 5 to 12, influenced by recent fluctuations in other commodity prices. In addition, scrap steel inventories held by domestic steel mills increased during the week as scrap traders rushed deliveries to steel mills for fear that...
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...