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Steel: China’s imports of finished products fall by 25.9%
As He Wenbo, CEO of the China Iron and Steel Association (CISA), said at the sixth CISA General Assembly held in Beijing on 13 February, China's finished steel imports in 2022 fell 25.9 per cent year-on-year to 10.57 million tonnes, the lowest level since 1993. In...
Metals: Shanghai warehouses downgrade high expectations
The London Metal Exchange (LME) base metals index jumped 10 per cent in January on investor bets on the recovery of the Chinese economy. China remains the engine room of global manufacturing, but two years of the COVID-19 freeze have mitigated its usual impact on...
Long steel: EU sources predict a price increase in the short term due to availability problems
Most market participants expect long steel prices in Europe to rise in the short term due to concerns about availability after the recent earthquakes in southeast Turkey and Syria. Long steel prices are expected to rise in a few weeks. The flow of imports will...
More delays for ArcelorMittal’s investment in Mexican mining complex
In 2021, ArcelorMittal reported that it would invest USD 150 million to increase annual capacity by 1.0 million tonnes, from 1.3 million tonnes to 2.3 million tonnes. At the time, the steel giant expected the project to be operational in the second half of 2023....