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2019 - 08 - 15
Chinese iron ore prices edged higher, while steel futures were little changed in early trade on Thursday as still-high inventories cooled hopes of a strong rebound in prices when demand picks up as construction activities resume next month.The most-traded iron ore contract on the Dalian Commodity Exchange, for May delivery, was up 0.8 percent at 602 yuan ($90.07) a tonne by 0240 GMT, extending the previous session’s muted gains.Spot iron ore for delivery to China SH-CCN-IRNOR62, with 62 percent iron content, was steady at $85 a tonne on Wednesday, according to SteelHome consultancy.“The weathe...
2019 - 08 - 13
BANGLADESH construction engineering exhibition BANGLADESH BUILDCON, an international building materials extravaganza, has been held at the international convention center in dhaka, capital of BANGLADESH. The exhibition aims to explore the huge building materials market in Bangladesh, providing a platform for manufacturers, traders, venture capital investors, patent transfer and all relevant parties seeking agency, distribution, cooperation, etc.Demand for steel and other building materials will remain high for years to come. Therefore, it can be predicted that the construction industry will gr...
2019 - 08 - 12
India's crude steel output fell about two per cent to 9.180 million tonne (MT) during January 2019, according to World Steel Association (worldsteel). The country had produced 9.354 MT during the same month in 2018, according to worldsteel's latest report.Global crude steel production for the 64 countries reporting to the association was 146.70 MT in January 2019, up one per cent compared to the year ago month, it said.Last month, China's crude steel production stood at 75.013 MT, higher by 4.3 per cent as against 71.887 MT output in January 2018.China is the world's largest st...
2019 - 08 - 12
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2019 - 08 - 01
Global crude stainless steel production is predicted to reach a new record annual total of 53.1 million tonnes, in 2019. This would exceed the previous high figure, set last year, by more than 4.6 percent.Despite strong expansion in emerging countries, such as India and Indonesia, Chinese growth continues to outstrip the world average. MEPS’ forecast of 28.3 million tonnes, for China’s annual outturn, in 2019, represents an increase of almost six percent, year-on-year, and more than 53 percent of the anticipated global total.Indian production continues to grow at a healthy rate. The forecast o...
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