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China steel, iron ore futures snap losing streaks

Chinese steel and iron ore futures closed higher for the first time in seven sessions on Thursday on expectation that the recent sell-off has reached its limit. The most-traded steel rebar contract, for October delivery, on the Shanghai Futures Exchange ...

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India takes U.S. steel tariffs complaint to the WTO

India has launched a complaint against the United States to challenge U.S. President Donald Trump’s tariffs on steel and aluminium, a filing published by the World Trade Organization showed on Wednesday. Indian officials told Reuters last month that their government ...

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China steel nears lowest price in a month on demand worries

China’s steel prices fell to their lowest in nearly a month on Tuesday, extending losses into a third session on worries about weakening demand amid strong supply in the world’s top producer of the material. Those concerns offset news that ...

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China’s steel mills turn to scrap as polluting industries are told to clean up their act

Steel mills in China are spending large sums on equipment that shreds cars and other junk metal for use as raw material, as government demands to make smoke-stack industries cleaner continue to reshape heavy manufacturing. Investing in scrap-processing equipment is ...

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EU plans to retaliate on US for levying tariffs on EU steel imports

The EU officials stated that the EU would levy tariffs on the US steel imports for retaliation recently because the US president had done the same thing to them.  It was understood that the European Commission (EC) would announce a ...

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China steel, iron ore slip after 3-day runup, but outlook upbeat

Chinese steel and iron ore futures erased gains on Wednesday following a three-day rally that lifted the raw material to an eight-week high, although the outlook for steel demand remained upbeat. With construction activity in China in full swing, traders’ ...

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China’s daily steel output hits 4-yr peak as winter curbs ease

China’s daily crude steel output in April rose to its highest in at least 4 years, official data showed on Tuesday, as mills boosted production to take advantage of high margins after the end of winter output curbs. Overall steel ...

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China’s steelmaking raw materials extend gains on firm demand outlook

The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline. The utilisation rate at blast ...

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US steel suppliers and customers confront the uncertainty created by Trump’s tariffs

At a service center outside Cleveland, Majestic Steel receives and processes metal from U.S. mills, then stores it in seemingly endless aisles of rolled steel. Each cylinder weighs several tons and, after the steel is shipped to customers, its final ...

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China’s iron ore, steel little changed; outlook firm

China’s iron and steel market wobbled to find a direction on Thursday as spot trading continued to be dull, although analysts held onto a positive outlook for the world’s largest steelmaking country. The most-active construction rebar futures on the Shanghai ...

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