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China to 'significantly increase' iron ore output, boost use of scrap steel to develop greener ferrous industry

China aims to ‘significantly increase’ mines’ iron ore production and boost utilisation of steel scrap, as part of a plan to develop a higher quality, greener ferrous industry, a statement said on Monday. ....

Barcroft Media , China News , Hina Update , China Iron Ore , China Steel , Ministry Of Industry And Information Technology , China Carbon Neutral , China Pollution , Reener Ferrous Industry , Ferrous Metal ,

ASIA STEEL SCRAP DIGEST: Lower-cost Russian scrap emerges in China market

Lower-priced Russian-origin steel scrap offers to China were heard on Friday August 13, but prices were still not low enough to entice Chinese buyers to enter the market. ....

Lower Priced Russian Origin , Friday August , China Steel Scrap Imports , China Ferrous Scrap , China Iron Ore , China Scrap Standards , Japan Scrap Exports , Bangladesh Scrap , Outh Korea Scrap , Russian Scrap , வெள்ளி ஆகஸ்ட் , சீனா எஃகு ஸ்கிராப் இறக்குமதி ,

China warns metal industry of 'zero tolerance' for speculation as commodity prices soar

China warns metal industry of ‘zero tolerance’ for speculation as commodity prices soar
The powerful National Development and Reform Commission has told key players in the metal industry it is cracking down on illegal activity
At a meeting on Sunday, companies were told they must take the lead in maintaining ‘orderly prices’ for commodities that hit record highs early this month ....

Commodity Prices , Iron Ore , China Steel Industry , China Iron Ore , China Inflation , China Economy , China Ppi , Hina Metals Industry , China Manufacturing ,

Colonial Pipeline situation continues to develop

5/11/2021 6:49:35 AM GMT
Asia Market Update: Asia generally tracks declines on Wall St, HK TECH index drops over 4%; China released 2020 census; Japan earnings remain in focus; Colonial Pipeline situation continues to develop.
General trend
- Asian markets extended losses after the mostly lower opens; US equity FUTs continued to move lower led by Nasdaq.
- Tech has lagged in Asia after the Nasdaq declined by over 2.5%.
- Mining shares trade generally lower after gains on prior session; China Iron Ore FUTs drop over 3.5%.
- Nikkei dropped >3% after opening lower by ~1% [Panasonic drops over 6% after issuing results/guidance, weighs on Topix Electric Appliances index; Softbank Group declines over 6%]. ....

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Iron ore resets its record high for a second straight session

Iron ore resets its record high for a second straight session
Share
The price of iron ore lifted to a fresh record on Friday amid a continuing surge in demand for the steel-making material in China, a widening rift between Australia and Beijing, and a bullish overall commodities outlook.
S&P Global Platts said its IODEX for 62 per cent iron ore fines rose $US10.10 or 5 per cent to $US212.75 a tonne, easily surpassing the record set the previous day.
The spot price quoted by Fastmarkets MB also surged, rising $US10.37 or 5.1 per cent to $US212.25 a tonne.
China’s demand for steel continues to defy expectations. ....

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