China to Cancel Rebates on Metal Exports by 2015

Affected by the dual control of energy consumption and the power rationing policy, a steel mill in Guangxi will reduce its hot rolled coil output by about 30% in October, and the same proportion of customer orders for the month will be adjusted.

China's import volume of unwrought copper and copper semis in August were 393,900 mt, a year-on-year decrease of 41.07%, and a month-on-month decrease of 7.2%. The imports from January to August were 3.61 million mt, a year-on-year decrease of 15.4%.

This is a roundup of news in the steel industry for last week.

The steel industry plays an important role in leading global low-carbon development and addressing climate change under the carbon neutrality target. And as traditional processes are reaching their carbon reduction limits, the steel industry must achieve breakthrough technologies in order to realise this target. In the future, hydrogen metallurgy will become the new windfall for the steel industry. This article will giver an overview of the key cooperation projects between international mines and China steel companies in the field of low carbon technology.

This is a roundup of China's base metals output in April. SMM surveyed major producers in the market to get first-hand information for calculation.

Base metal prices on the SHFE are expected to diverge on Tuesday, Shanghai Metals Market foresees.

Base metal prices on the SHFE are expected to be volatile on Thursday, Shanghai Metals Market foresees.

Base metal prices on the SHFE are expected to diverge on Friday, Shanghai Metals Market foresees.

Base metal prices on the SHFE are expected to continue diverging on Thursday, Shanghai Metals Market foresees.

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities continued to stay above 700 points on Wednesday.