China Watch

  • Hot-band tags in limbo as buyers look for floor May 11, 2011

    U.S. hot-rolled band spot prices are continuing to fall, and some market sources suggest that the only real question is how far they’ll drop before reaching bottom. But others said the decline is only temporary and predicted a quick uptick.

  • Comex copper dips, on course for lower range May 11, 2011

    Copper prices fell more than 3 percent in New York on Wednesday, settling just above the $3.90-per-pound level to log a fresh five-month low.

  • DiMicco urges action, AISI relaunches ASC May 04, 2011

    Top Nucor Corp. executive Daniel R. DiMicco is calling on Congress and the White House to step up to bat on his field of legislative and regulatory goals.

  • US titanium scrap steady, pressure building Apr 29, 2011

    U.S. titanium scrap prices are holding steady, unlike in other parts of the world where there’s still plenty of room for speculation about price and availability in the raw materials supply chain.

  • Changing steel tide to keep a lid on growth in demand Apr 27, 2011

    China’s steel trade is changing, and with demand growth on course to slow, the country is unlikely to repeat the growth rates achieved in 2009 anytime soon.

  • U.S. Energy eyes China in moly partner search Apr 25, 2011

    Thompson Creek Metals Co. Inc. has terminated its option agreement with U.S. Energy Corp. to acquire an interest in the Mount Emmons molybdenum project in Gunnison County, Colo., the companies said Monday.

  • Chinese scrap players driving for US market Apr 25, 2011

    Chinese scrap metal buyers, citing small profit margins on imported material, have set up their own scrapyards in the United States—or are considering doing so—to acquire scrap at lower prices for shipment to China.

  • WSP results in works, but 4th-qtr. lackluster Apr 22, 2011

    WSP Holdings Ltd. has seen no "noticeable improvement" in its fourth-quarter 2010 operating performance, it said Friday, adding that it won’t release fourth-quarter and full-year 2010 financial results until May 26.

  • Commerce starts steel probes Apr 22, 2011

    The U.S. Commerce Department launched four steel-related probes this past week to determine what, if any, preliminary margins should be assessed against the products.

  • Copper plunge curbs China buys of scrap Apr 20, 2011

    Chinese copper scrap traders are curbing purchases of high-quality scrap like bare bright from U.S. and European markets amid fears that copper prices on the London Metal Exchange and Comex will continue to tumble.

  • Revised foreign exchange regs roil China copper market Apr 20, 2011

    The Chinese government has dealt another blow to copper’s function as a financing tool as it seeks to contain the economic risks posed by cross-border capital flow.

  • World steel use to grow, US key driver Apr 18, 2011

    Apparent steel usage will continue to grow worldwide in 2011, but at less than half the rate of 2010, according to a short-range outlook on steel consumption from the World Steel Association.

  • Nervous traders push ferrosilicon lower Apr 15, 2011

    U.S. ferrosilicon prices have fallen as some traders are anticipating an oversupply of material due to smelter restarts in China and lower demand from Japan, market participants told AMM.

  • US-China group urges ‘constructive’ trade talks Apr 14, 2011

    The US-China Business Council is recommending Congress continue a constructive dialogue with China to support a U.S. economic agenda that includes increasing resources to help small businesses export to China, pressing China to allow U.S. service companies to operate in China and making it easier for China to buy goods from the United States.

  • Sparton to buy Chinese vanadium producer Apr 13, 2011

    Canadian exploration company Sparton Resources Inc. has agreed to buy a majority stake in Chinese vanadium pentoxide producer Jiangxi Rentian Mining Co. in a bid to expand into the growing market for specialty steel alloys.

  • Shougang orders annealing line Apr 13, 2011

    China’s Shougang Jingang United Iron & Steel Co. Ltd. has placed an order with Germany’s SMS Siemag AG for the supply of a continuous annealing line, the third slated to be erected by SMS Siemag on China’s Caofeidian Island.

  • SMA warns of China influence on market Mar 30, 2011

    The Steel Manufacturers Association (SMA) has warned the U.S.-China Economic and Security Review Commission not to be misled by "myths" about China’s state-owned enterprises, which the association says enjoys unfair market advantages thanks to patronage from Beijing.

  • Commerce issues final extrusion determination Mar 29, 2011

    The U.S. Department of Commerce issued a final determination Tuesday that Chinese producers of certain aluminum extrusions sold metal into the United States at less than fair value and were subsidized by the Chinese government.

  • China not an issue, for now, on stainless bar Mar 28, 2011

    The stainless bar industry has tuned its radar to imports of large-diameter product, and while Italy and Germany were behind a recent surge, they’re not the only countries sparking concern among players.

  • China pipe shipped via Indonesia to avoid duties Mar 24, 2011

    Chinese pipe is being shipped through Indonesia, where it is threaded and marked "Made in Indonesia," in an effort to avoid duties, perhaps in the United States, according to SDB Trade International LP founder, chairman and chief executive officer Dilip Bhargava.

  • China still needs copper, will bite below $9,000 Mar 23, 2011

    China still needs large volumes of copper, and recent dips below $9,000 per tonne on the London Metal Exchange revealed strong underlying demand, Kevin Norrish, commodity research managing director at Barclays Capital Plc, said.

  • Chinese nail importers’ duties boosted Mar 23, 2011

    U.S. steel nail producers appear to have come out ahead in the first administrative review of anti-dumping duties on nails from China.

  • DOE supports steel’s efficiency claims Mar 23, 2011

    The U.S. Department of Energy has provided a boost to the U.S. steel industry’s argument that it is among the most energy efficient industries in the world.

  • High-purity columbium may tighten as Asian steel mills buy CBMM stake Mar 16, 2011

    The recent acquisition of a 15-percent stake in Brazilian columbium producer Companhia Brasileira de Metalurgia e Mineração (CBMM) by South Korean and Japanese steel companies is expected to tighten the market for high-purity columbium further, market participants said.

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