21st Century Business Herald reported that seel mills in Hebei Tangshan, the biggest steel production city in China rush to production and postpone overhauls in view of the returning steel market and rising steel prices. Annual steel production capacity in local stays above 50 million tonnes or makes up one tenth of China's total capacity. ...

  China's largest steel maker Baoshan Iron & Steel Co announced Wednesday to raise ex factory prices of some carbon steel products by CNY 150 to CNY 200 per tonne for August, but keep its billet and seamless tube prices unchanged. This is the second time Baosteel has raised its carbon steels prices since it lifted July prices in ...

  The discount for copper scrap has widened in recent weeks as the copper futures price remains at elevated levels and business in recycled metal slows to a crawl amid the seasonal summer slowdown. Yet, dealers expect orders to perk up again in another month or two due to a resurgence of demand in China and an easing of logistical import ...

  Japan aims to take advantage of a price decline to roughly double its national stockpile of minor metals, but it does not expect its purchases to be a factor in driving up prices in the long term given current slow demand and high stocks. The move is part of a broad review of the nation's stockpile, set up in 1983, which will add two ...

Macquarie Securities Group in London believes steel prices should rebound by the end of 2009 from their massive decline during the recession, as Chinese demand picks up, Chinese exports slow and users in the United States and Europe resume buying. Steel's longer-term outlook remains strong, said Jim Lennon, executive director at Macquarie, ...

  WorldScrap- LME nickel slumped $600 and ended at $14,400 yesterday, although the warehouse stocks reduced 24 tons to 108,084 tons. As for the spot market, quotations from Changjiang and Shanghai tumbled 1,000RMB and 1,500RMB respectively. In domestic scrap market, stainless steel slipped down 100RMB/T, dragged down by falling price of ...

  COPPER rose almost 4 per cent to as investors bet a rate cut in China, the world's top consumer of the industrial metal, could help boost growth and demand. However, metals trimmed some of their gains as the US dollar rose against the euro later in the day on renewed risk aversion and European shares fell along with Wall Street, ...

  According to latest figures from National Bureau of Statistics of China, China's crude steel production for October 2008 dropped by 17% YoY to 35.9 million tonnes. Crude steel output for the first 10 months of 2008, however, totaled 427.29 million tonnes, up by 3.9% YoY. Steel products output for October 2008 reached 42.93 million ...

  As all of us konws, scrap metal market in China has been in dullness these days. Why it is been like this? As a overseas supports, do you still have interest in China market?  

  FIVE Chinese steel mills have revealed plans to cut production by up to 20 per cent over October. Evidence has emerged that real-economy stresses are being created in emerging markets by the Western credit crisis. The prospect of wide-ranging and unexpectedly deep cuts in Chinese steel production have surprised Australia's major iron ...