Suspended smelters in Henan province are unlikely to resume production as the heavily-polluted weather intensifies with no signs of improvement.
China’s crude steel production in December stood at 67.05 million mt, up 1.4% month on month but down 0.3% year on year.
China’s GDP grows 6.8% in Q4, up 1.6% on quarterly basis.
Nonferrous metals saw more deficits from January to November 2017 compared to the same period in 2016, according to a release from the World Bureau of Metal Statistics (WBMS).
Some 350,000 mt of molten iron output will be affected when the Shaanxi Steel Group caries out maintenance works at some of its blast furnaces from January 26.
China’s output of electrolyte for lithium-ion battery reached 102,000 mt in 2017, with motive type accounting for the largest share at 56.8%, up 16% on a yearly basis.
The State-owned Assets Supervision and Administration Commission (SASAC) said capacity cut efforts will be reinforced in the nonferrous metals, ship building and coal-fired power industries in 2018.
High-quality tin ores from the state of Wa in Myanmar will be insufficient to relieve shortages in China, SMM learned.
The US International Trade Commission has reached a consensus that imported aluminium alloy sheets from China do cause material harm to American producers, it said in a preliminary finding on January.
China’s installed capacity of motive batteries for new-energy vehicles reached 37.06Gwh in 2017, according to local information provider China Battery Enterprise Alliance.
SMM surveys major Chinese producers in the base metals market every month to get first-hand production data. The following table shows the latest output in December and our forecast for January.
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