Gold price rose. Stainless steel consumption weakened recently, with prices continuing falling and narrowing its profit. LME nickel is expected to hover around USD 10,800/mt today. SHFE 1801 nickel should hover between RMB 84,200-...
The Shanghai Futures Exchange (SHFE) announced to adjust trading margins and limits of contracts on the exchange for the upcoming 2017 Chinese Chinese National Day Holiday from Oct. 1-7. （更多…）
Beijing has required shared bikes to be updated or scrapped from service after they have been in use for three years as the city introduces more rules to regulate the two-wheelers. （更多…）
Iron ore was the worst performer among ferrous metals today, while nonferrous metals showed mixed performances. （更多…）
China’s National Development and Reform Commission (NDRC) said it is organizing relevant departments to draw up innovation development strategy for new energy vehicles and intelligent cars. （更多…）
Reuters reported that Russian steel giant Severstal told Reuters that it expects to exceed its 2017 earnings target as it benefits from rising prices for its products. （更多…）
PTI reported that as par a latest report by rating agency ICRA, the profitability of domestic steel mills is likely to improve in the near term due to firm prices of the metal and substantial export growth, a report said today. （更...
Reuters reported that China’s steel output is expected to grow 3% to 5% in 2017 compared with last year, said a trade body official on Saturday, despite the closure of small outdated mills as surging prices prompted larger players...
Handan government decided to suspend all pellet shaft furnaces and sintering machines at local steel plants from September 18 for air quality. （更多…）
Business Standard reported that the government has asked steelmakers to make efforts to keep prices below INR 40,000 per tonne as it cannot permit them to exploit the country. （更多…）