China’s steel scrap exports decline 98% YoY in Jan

China's automobile production and sales were 2.04 million units and 2.13 million units, down 8.7% and 5.5% month on month respectively, and falling 6.8% and 3.1% year on year.

A water inrush accident occurred at the Dahongcai iron ore mine in Daixian County, Shanxi Province on June 10, leaving 13 people trapped, according to preliminary estimate.

Operating rates of blast furnaces at steel mills fell 1.2 percentage points from a week ago and decreased 0.9 percentage point from a month ago to 85.7% as of May 27, SMM survey showed.

The National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology (MIIT) will organize a countrywide inspection of steel capacity cut and crude steel output reduction in 2021, promoting high-quality development of the steel industry. 

The Two Sessions proposed to formulate an action plan for peaking carbon emissions by 2030, optimise the industrial structure and energy structure, and reach the rapid development of carbon peaking and neutrality.

On November 24, the Ministry of Ecology and Environment (MEE), the Ministry of  Commerce, the National Development and Reform Commission, and the General Administration of Customs issued an announcement to fully prohibit import of solid waste.

China's environmental authorities on Thursday issued the sixth batch of copper, aluminium and ferrous scrap import quotas for 2020.

According to the SMM survey that covers 102 blast furnace steel mills, 42.2% of them are undertaking maintenance or have trimmed output (excluding mills that reduced output by adjusting rates of equipment utilisation and raw material ratios), down from a ratio of 50% last week, as some long steel mills have recovered production from maintenance.

Supply tightness still dominates the steel scrap market, as the epidemic prevented some scrap processing companies from returning operations

This came after two consecutive months of declines