This Morning in Metals: Shanghai Rebar Hits 7 1/2-Year High

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This morning in metals news, the price of SHFE rebar continued its rise Tuesday, the Aluminum Association released its first new material registration record in almost two decades and Brazilian steelmakers are struggling with an iron ore shortage.

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Shanghai Rebar Rises

The price of Shanghai rebar reached its highest level in over seven years amid expectations of infrastructure-related stimulus measures in China, Reuters reported.

The Shanghai rebar price closed up 1.4% Tuesday at 3,829 yuan ($570.45) per ton, according to the report.

Aluminum Association Announces Material Designation System for 3D Printing

The Aluminum Association this week released its first material designation record in almost two decades.

The designation covers so-called “purple sheets,” which cover aluminum powder used in 3D printing.

“The purple sheets are the newest addition to the Aluminum Association’s long-running ‘rainbow sheet’ series, which provides alloy designations and chemical composition limits for various types of aluminum,” the Aluminum Association said in a release. “Aluminum is the first materials industry to develop such a system specific to the 3D printing market.
“The first registration granted is for a high-strength aluminum alloy produced by HRL Laboratories, LLC. The association will grant HRL registration number 7A77.50 for the aluminum powder used to additively manufacture the alloy, and number 7A77.60L for the printed alloy.”

Iron Ore in Brazil

Brazilian steelmakers are facing a shortage of the key steelmaking ingredient iron ore in the months after Vale SA’s fatal dam breach at its Corrego do Feijao mine, Reuters reported.

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The company’s decision to halt operation at 10 of its sites in the southeastern state of Minas Gerais has disrupted supplies of iron ore pellets to steelmakers, according to the report.

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