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Iron ore: imports to China have peaked
Chinese demand for imported iron ore has probably peaked, but the composition of future imports is set to change as the world's largest steel producer seeks to decarbonise. According to customs data, China, which buys around 75 per cent of all seaborne iron ore,...
Copper: new smelting projects in China increase pressure on concentrate supply
The upcoming copper smelting projects in China, scheduled for this year, are set to exacerbate the already tight supply conditions in the copper concentrate market, with a significant impact on copper processing and refining costs. There are at least two copper...
Steel and aluminium: Biden administration confirms 25% tariff on Chinese metal
The Biden administration confirms that it will increase the tariff rate on certain steel and aluminium products of Chinese origin under Section 301 from 0-7.5 per cent to 25 per cent in 2024. This follows a thorough review by the US Trade Representative. The move is...
Pig iron: Ukraine reduces exports to conserve raw materials for domestic steel
Ukraine's pig iron exports fell to 55,710 tonnes in April, down almost 40% from March and down a third year-on-year, as the country retained more iron for domestic steel production. In the January-April period, pig iron exports fell 21.7 per cent year-on-year to...