News

On December 2, the domestic steel market continued to move sideways; while on the Shanghai trading floor fluctuated at 4,250 yuan/ton.

In the first half of November, steel exports reached 10.27 billion USD, 2.34 times higher than the same period last year.

Prices of iron ore and other steelmaking materials in China rose in today's session as many steelmakers in the country ramped up their ore inventories.

Oil drops more than 5% due to concerns about vaccine effectiveness

China's domestic output and coal imports both increased.

Steel futures in China traded in a tight range, on demand concerns due to the new Omicron coronavirus variant, while coke prices fell after thermal coal futures fell sharply.

Vietnam has the third largest tungsten reserve and the second largest mine in the world, with great potential in this industry.

China's daily crude steel output fell 6.1% from a month ago to 2.3 million tons in October.

Steel prices on November 26 fell sharply on the Shanghai Exchange. For the domestic market, VDSC forecasts that the domestic sales volume may adjust to normal levels in November.

The US side accused Vietnam of importing cold-rolled and hot-rolled steel from Japan to manufacture the products under investigation.

According to the latest information from the General Department of Customs, in October, export turnover to the Belgian market reached nearly 309 million USD, thereby bringing the total turnover in the first 10 months of the year to 2.874 billion USD.

Last session, oil price was stable while coal increased sharply. Other commodities moved in the opposite direction.