-
Base Metals Closed Mixed amid Rebounding US Dollar Index
SHANGHAI, Feb 9 (SMM) – Shanghai Base metals closed mixed overnight after the US dollar index rebounded on the support of the surging US trade deficit. Their counterparts on LME performed similarly on Tuesday. LME copper dropped 0.3%, aluminium rose 1.72%, lead edged up 0.13%, and zinc fell...Read More -
China imported steel raw materials iron ore prices drop, sales flat
Chinese prices of imported iron ore for both port inventories and seaborne cargoes decreased on December 27, with sales remaining flat. 62% Australian Fines in Qingdao declined by Yuan 22/wmt ($3.5/wmt) from last Friday to Yuan 809/wmt FOT and including the 13% VAT. Also today, Mysteel SEADEX 62%...Read More -
USA CRC exports grow in October
According to statistics from the US Department of Commerce (USDOC), the US exported around 59,200 tons of cold-rolled coils (CRC) in October, which increased by 17.4% compared to the previous month and also hiked by 53.4% from the same month a year ago. Among them, the exports to Mexico accounted...Read More -
Nearly 100 Chinese steelmakers adjusted their prices upwards on Monday amid record costs for raw materials like iron ore
The decision by Chinese steel mills to fire up prices amid soaring raw material costs has raised concern about inflation risks in the world’s second largest economy and the impact this may have on smaller manufacturers who cannot pass on higher costs. Commodity prices are above pre-pandemic leve...Read More -
Surface scratch treatment method of aluminum plate
How many types of metal aluminum plates are there? Where is it used? Scratches on the surface of aluminum plates are more likely to occur in the process of aluminum plate processing. It is often caused by imprope...Read More
