This Morning in Metals: Chinese Aluminum Output Rises in December
This morning in metals news, China ramped up its aluminum output in December, British police are looking into allegations of pension fraud against steelworkers and India considers a plan to have its steel ministry oversee iron ore and coal operations.
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Chinese Aluminum Output in December
China upped its aluminum output to close 2017, jumping back up to its highest total since June 2017, Reuters reported.
According to the report, China produced 32.27 million tons of aluminum last, up 1.6% from 2016, per National Bureau of Statistic Data.
British Police Look Into Possible Pension Fraud
According to the Financial Times, police in south Wales are looking into allegations that some Port Talbot steelworkers have been victims of pension fraud.
The complaints were put forth by the British Steel Pension Scheme.
Iron Ore, Coking Coal Mining to Steel Ministry?
India is considering transferring control of iron ore and coking coal mining to its steel ministry, Bloomberg reported, in an effort to boost the country’s burgeoning steelmaking industry.
MetalMiner’s Annual Outlook provides 2018 buying strategies for carbon steel
A shift in regulatory oversight from the mines and coal ministries to the steel ministry requires approval from the prime minister’s office and the ministries, according to the report.
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