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Chinese Steelmaking In A Fragile Phase: Coils Lower, Ore Under Pressure And Port Stocks Still Elevated
Chinese steelmaking is heading toward the close of May in a still fragile market context, where the brief support coming from coking coal and coke futures was not enough to change the underlying picture. After the serious mining accident in Shanxi on May 22, the...
Guinea At The Center Of Alumina: Chalco Invests 1.68 Billion Dollars And Strengthens The Bauxite Chain
Guinea is preparing to take a new step in the transformation of its mining industry. After years in which the country has been above all a major exporter of bauxite, the national strategy now aims to move up the aluminium value chain, attracting investments in alumina...
European Long Steel Stalled: Rebar And Wire Rod Remain Stable Amid Weak Demand And Slow Construction Sites
The European long steel market continues to move in a phase of fragile balance. In the week to Wednesday May 27, domestic prices for reinforcing bar remained substantially unchanged, while weak demand prevented the market from accepting attempts by Italian producers...
US Flat Steel Higher: CRC And Galvanized Rise Amid Tight Supply, Solid Demand And Long Lead Times
The US market for cold-rolled and galvanized flat steel continued to strengthen in the week ended Thursday May 28, with new increases for cold-rolled coil and hot-dipped galvanized steel. The market tone remains bullish in the near term, supported by a combination of...