Steel industry news

Steel prices today increased to 4,688 yuan / ton on the Shanghai Exchange.

Today, January 10, the domestic steel market has no adjustment; while on the Shanghai trading floor increased to 4,318 yuan / ton.

Growth despite the epidemic

Iron ore prices on the Dalian Commodity Exchange rose on Friday and are up nearly 6% this week as traders return from the New Year holiday on optimism about demand recovery. in China's leading steel producer.

Steel prices today fell to 4,469 yuan / ton on the Shanghai Exchange.

Steel prices on January 5 increased by 1.1% compared to December 31, 2021, trading at 4,620 yuan/ton.

The industrial metals market in 2021 will grow steadily across the board on the back of growing demand.

2021 is a successful year for the steel industry.

Dear Customers, Partners

Japan's Ministry of Economy, Trade and Industry (METI) forecasts that Japan's crude steel output in the January-March period will increase by 1.9% year-on-year to 24.15 million. tons, thanks to a recovery in the manufacturing sector including shipbuilding and machinery.

In the last Monday trading session of 2021, prices of steelmaking materials such as coking coal and iron ore all turned down due to weak demand in China.

The Asian steel scrap market is poised for headwinds that will occur in 2022 as key regions such as Vietnam and South Korea remain affected by an increase in Covid-19 infections, which has disrupted the economy. severe disruption of the regional supply chain.