China’s crude steel output picked up in April, rising 5.1% from a month earlier as the impact of environmental restrictions and COVID-19 disruptions eased, but it was still well below year-ago levels. The world’s biggest steel producer made 92.78 million tonnes of the metal last month, data from the National Bureau of Statistics (NBS) showed .
Steel producers in China’s northern city of Tangshan are likely to have to cut or suspend production in the coming days because of the difficulties getting raw materials, sources said, as transportation comes to a standstill following fresh COVID curbs. Tangshan in Hebei province implemented a temporary lockdown on Tuesday, urging residents to stay at .
Benchmark iron ore futures in China dived to its daily trading limit on Tuesday and fell below 600 yuan ($93.75) per tonne for the first time in nearly a year due to loose supply conditions and poor demand outlook. Shipments from major miners in Australia and Brazil have been stable at relatively high levels. Iron .
Benchmark iron ore futures in China dived to its daily trading limit yesterday and fell below 600 yuan (R1 441) per ton for the first time in nearly a year, due to loose supply conditions and poor demand outlook.
Benchmark iron ore futures in China dived to its daily trading limit on Tuesday and fell below 600 yuan ($93.75) per tonne for the first time in nearly a year due to loose supply conditions and poor demand outlook.