ArcelorMittal Unit Says Kazakh Output Fell 16% in First Quarter

Baosteel Desheng, a subsidiary of China Baowu Iron and Steel Group, invested 13.6 billion yuan to build a fine stainless steel green industry base in 2018, and the project will be fully put into operation next year.

Yunnan Provincial Development and Reform Commission announced on September 11 that the average monthly output of local industrial silicon companies should not exceed 10% of the August output from September to December.

COVID-19 pandemic once again swept the world recently. The new cases surged in US, Europe, and south-east Asia due to the spread of Delta variant. Pandemic was also spreading in China. On August 1, 31 province (including autonomous regions and municipalities) and the Xinjiang Production and Construction Corps reported 98 new confirmed cases, including 43 imported cases and 55 local cases.

Sales of new-energy vehicles in China surged 95.2% year on year and stood at 34,000 in February, according to data from the Ministry of Industry and Information Technology (MIIT).

Secondary refined lead in China over the past few days has traded at prices higher than that of primary lead, which is of higher grade, due to tighter supply, SMM learned.

The Am Investco Italy consortium had won the takeover bid for Europe’s biggest steel plant by defeating the rival consortium AcciaItalia (Steel Italy) led by Indian Jindal South West (JSW) Group.

National Statistics Institute reported Mexican copper output increased 13.3% year-on-year to 42,533 tonnes in February, and lead production fell 9.2% year-on-year to 15,467 tonnes, wenhua.com reported

United States domestic raw steel production has increased by 2.4 percent to 1,725,000 net tons in the week ended on March 25, 2017,while the capability utilization rate was 72.8 percent.

United States domestic raw steel production climbed by nearly 7 percent to 1,716,000 net tons during the week ended on January 14, 2017.

Brokerage SP Angel suggests commodities and shares of mining companies may become more volatile and sensitive to political action.