China’s efforts to curb carbon emissions from the steel manufacturing process have slowed down its steel production. But only to a degree. However, a new report now shows that almost all the major steel mills in its steelmaking hub, Tangshan in Hebei province are back online. A report by industry portal mysteel.com, citing its field […]
Tag: China
As China targets 2030 for peak coal use, aluminum output could also peak
China’s steel and aluminum market is undergoing a quiet revolution. It’s not a revolution of investment or innovation. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Peak aluminum, steel in China? According to Reuters, Beijing’s target of peak […]
China aluminum imports surge continues well into 2021
When the largest aluminum producer on earth keeps reporting high import figures, the world sits up and takes note. According to figures released by the Chinese General Administration of Customs a few days ago, China recorded a new high for aluminum imports in March 2021. Stop obsessing about the actual forecasted aluminum price. It’s more […]
China’s aluminum industry under pressure to reduce emissions
China — and, indeed, Asia as a whole — has a serious issue evolving that few would have seen coming five years ago. Back then, the carbon content of aluminium was a well-known fact. However, its light weight and high recyclability seemed to outweigh the CO2 emissions inherent in its production. Not so now. China […]
Bullish China stainless steel market expected to continue in 2021
Stainless steel prices in Asia have plateaued for now. But most suggest this is a temporary slowdown in advance of the Chinese New Year holidays. Thereafter, the market is likely to continue its relentless rise of the last two years. China stainless steel market ramps up output According to ArgusMedia, China’s production, imports and consumption […]
What do China’s surging copper imports tell us about the economy for 2021?
China has had a fraction of the deaths and hospitalizations from the COVID-19 pandemic that Western societies have had. Furthermore, China had an economic bounceback that saw its GDP rise 2.3% last year. China’s bounceback The rebound has been impressive. Construction of new high-speed train lines to smaller provincial cities and new motorways connecting remote […]
China’s steel output set to top a billion tons this year
If we were worried about China’s dominance of global steel output over the last decade, the next decade is looking like it may be even worse. Having bounced back robustly this year from severe coronavirus lockdowns in Q1, China is on track to top 1 billion tons of steel production by the end of 2020, […]
China, India set to compete in crude refining sector
China and India find themselves in some sort of a mini-race in the crude refining business. (As readers of our Annual Outlook know, the oil sector is one of three key macroeconomic pillars we consider in our analysis of commodities markets, in addition to the Chinese economy and the strength of the U.S. dollar). China […]
China’s steel trade is returning to form as import-export balance recalibrates
We wrote last month how China’s rapid recovery from the COVID-19 pandemic resulted in the country importing semi-finished products for which it previously had been self-reliant or even a net exporter for the last decade. Some steel products and primary aluminum swung into becoming significant net inflows for the economy during the summer months. But […]
DOC: Steel cylinders from China dumped into U.S.
The Department of Commerce made a preliminary determination in its anti-dumping investigation covering non-refillable steel cylinders imported from China. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing metals for 2021 […]
