steel
Steel pipe products are piled at the yard of a steel pipe plant in Tangshan, Hebei Province. Chinese steel prices plunged to a record low of 1,748 yuan (US$274) a ton yesterday amid prolonged worries over shrinking demand in the world’s top consumer that market sources say has forced one of the country’s largest private producers to cease output. The shutdown by Tangshan Songting Iron and Steel, with an annual capacity of 5 million tons, would be one of the biggest in the sector’s years-long downturn as the world’s No.2 economy slows, traders and analysts said. Chinese steel prices have been down nearly 37 percent since the beginning of this year. That has also hit demand for the steelmaking ingredient iron ore, already down over 30 percent in 2015. — Reuters...
November 18, 2015, Wednesday
APPARENT steel consumption in China, the world’s biggest producer and consumer, fell 5.7 percent to 590.47 million tons in the first 10 months of the year, the China Iron and Steel Association said yesterday. ...
November 14, 2015, Saturday
EXPECTATIONS among Chinese steel market participants for new steel orders and prices in October have plunged and rising steel inventories could further crimp hopes for a price recovery, global commodities ...
Amber Jee | October 10, 2015, Saturday