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Exclusive: China's Metals Output in January
Feb 09, 2023 15:32
SMM data showed that China’s copper cathode output stood at 853,300 mt in January, down 1.9% from the previous month but up 4.3% from the same period in 2022. The actual output was 41,700 mt lower than the expected 895,000 mt.
Latest China Scraps & Secondary Markets
Impact of Liquidity Crunch on Copper to Weaken
The market expects the US CPI to rise 6% year-on-year in February, down from 6.4% in January. Due to the downward trend of US inflation, interest rate hikes may be tapered down. The impact of liquidity crunch on commodities such as copper should be gradually weakening.
Mar 21, 2023 14:54
CSTEuropean CCI Rebounded, European Central Bank Expected to Raise Interest Rates by 50 Basis Points in March
The consumer confidence index (CCI) in the Eurozone rose from -20.7 in January to -19 in February. Some economic indicators in Europe have picked up recently, but inflation remains high. The market expects the European Central Bank (ECB) to continue to raise interest rates, with a probable 50-basis-point rate hike in March.
Mar 21, 2023 14:53
CST
Global Manufacturing PMI Has Risen for Two Consecutive Months
In February, the global manufacturing PMI was 49.9%, an increase of 0.7 percentage point month-on-month. The global economy is showing initial signs of stabilisation and recovery, and the downward trend of the global economy since the second half of 2022 has eased slightly
Mar 21, 2023 14:47
CST
Ministry of Industry and Information Technology: Strive to Consume 265 Million mt of Steel Scrap in 2023
Xin Guobin, vice minister of the Ministry of Industry and Information Technology, said on March 1 that green and low-carbon development is a major trend of global sustainable development.
Mar 10, 2023 13:28
CST
Price Difference between Rebar and Steel Scrap to Expand Slightly in March
SHANGHAI, Mar 10 (SMM) - In view of the arrival of peak season in steel end-user sectors and growing steel scrap supply, the price difference between rebar and steel scrap is expected to expand slightly in March.
Mar 10, 2023 11:38
CST
more news
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SMM Events & Webinars
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2023 INDONESIA NICKEL AND COBALT INDUSTRY CHAIN CONFERENCE
May 30 - 31,2023In order to better promote the exchange and development of the nickel and cobalt industry in China and Indonesia.JAKARTA, INDONESIA
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SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in China's steel industry. They have been working on the weekly report China Steel Briefing, the monthly report China Steel PMI-Monthly, a survey of steel downstream.
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