News

Iron ore imports in May increased by 6.09% over the same period, up 0.21% m/m. Iron ore imports from January to May increased by 7% over the same period.

Dealers are accumulating off-season in the context that the second quarter is usually a clearance season. During the period from February to April, BSC found that domestic steel prices decreased only 2%

Steel prices today on the Shanghai Exchange decreased by 61 yuan/ton. Iron ore prices slid due to falling demand prospects and US President Joe Biden's new tariffs on China.

The Department of Foreign Trade under the Thai Ministry of Commerce has launched an investigation into Chinese steel products, after receiving petitions from three domestic hot-rolled steel coil producers.

The global nickel market has been volatile for many years now as the price of this commodity suddenly plummeted, affecting Australia's nickel industry.

On April 9, the domestic steel market continued to stabilize; on the Shanghai trading floor increased by 38 Yuan with the October 2024 steel contract.

The amount of Chinese steel exported to countries including Vietnam will still remain high in the context of low consumption in the country's domestic market.

China's giant steel industry is having difficulty reducing carbon emissions due to slowing market demand and low recycling rates.

Pressures from weak domestic market demand have prompted Chinese steelmakers to boost steel exports at cheap prices.

Steel manufacturing businesses are waiting for recovery from the real estate industry and the government's continued promotion of public investment.

Steel consumption is forecast to increase by 6% this year after a sharp decrease in 2023. In particular, steel exports continue to grow thanks to expectations of recovery in world steel demand.