June 20, 2021 Source

Stainless production ramps up in US, Europe

International Stainless Steel Forum says the first 3 months of 2021 witnessed a global production of 14.5 million tonnes stainless steel. This also represents a 2.7% rise compared with the previous quarter.  The most dramatic year-on-year rebound has been in China, where nearly 37% more stainless steel was produced in the first quarter of this […]

June 10, 2021 Source

Fitch upgrades nickel forecast on long-term upt...

The nickel price will remain on a gradual uptrend in the long term as the global market remains in deficit, prompting Fitch Solutions to upgrade its long-term nickel price outlook from $15,750 per tonne to $16,500 per tonne for 2021. In recent months, Fitch reports that prices have broadly recovered from a steep price correction […]

May 20, 2021 Source

China’s scrap steel imports soar in Apr

After the Chinese government allowed the imports of scrap steel early this year, China imported 76,200 tonnes of scrap steel in the month of April. According to statistics from China Customs, imports soared by 67% compared to the previous month. Among them, stainless steel scrap accounted for around 4,800 tonnes, a month-on-month decrease of 65.8%, […]

May 20, 2021 Source

MITI issues final anti-dumping determination fo...

On 23 April 2021, the Ministry of International Trade and Industry (MITI), Malaysia issued its final determination under the Countervailing and Anti-Dumping Duties Act 1993 and the Countervailing and Anti-Dumping Duties Regulations 1994 in respect of the importation of cold rolled stainless steel in coils, sheets or any other form (‘subject merchandise‘) originating or exported […]

April 21, 2021 Source

Nickel-rich Indonesia draws global suppliers of...

Major overseas companies are rushing to set up nickel-processing facilities in Indonesia as the country bans exports of raw ore. Germany-based BASF and French nickel processor Eramet are considering building a nickel- and cobalt-refining complex in Indonesia. The facilities would supply an annual 42,000 tonnes of nickel and 5,000 tons of cobalt, for use in […]

April 21, 2021 Source

Global molybdenum production rises while usage ...

As per figures released by the International Molybdenum Association (IMOA), global production of molybdenum rose by 5% in 2020 to 602.4 million pounds from 575.4 million pounds in 2019. However, global usage was 545.9 million pounds in 2020, a fall of 5% from 576.3 million pounds in the previous year. South America overtook China to […]