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India and Steel: Growing Imports and Impact on the Domestic Market
India's steel imports increased significantly during the period between April and September, with China remaining the largest supplier. Provisional government data show that the world's second largest producer of crude steel imported 4.7 million tonnes of finished...
China’s Alumina Price: Driven by Supply Problems and Rising Demand
The Chinese commodities market has seen a notable increase in the price of alumina, one of the main materials used for aluminium production. On 8 November 2024, the Shanghai Metals Market (SMM) reported an average of RMB 5,391 per tonne for alumina, adding to a series...
China and the Gold Market: A Pause in the Race for Reserves and Price Swings
China, a major global player in the gold reserves market, held steady in October, deciding for the sixth consecutive month not to increase its gold reserves. According to official data released on Thursday, China's gold reserves currently stand at 72.8 million troy...
China Pushes Up Iron Ore Imports and Reaches Record Steel Export Levels: The Key Role of Economic Stimulus
October was a pivotal month for China's iron ore and steel markets, with ore imports rising and steel exports booming. Thanks to massive economic stimulus packages from Beijing, Chinese steelmakers saw their margins improve, boosting demand for raw materials and...