Latest steel news update for you
According to the Turkey statistics data in July this year, Turkey imported 946,108 tons of iron ore, rose 13.7% month on month, an increase of 17.4% year on year.
During the first seven months, Turkey’s iron ore imports rose by 9.8% year on year to 6.3 million tons, while import revenue fell 18.5%, to US$4.035 billion.
In addition, Brazil is still Turkey's largest supplier of iron ore.
According to the Customs figures, the first seven months of this year, Russia exported 114600 tons of nickel to outside of CIS, an increase of 4.4% year on year; Russia exported 200 tons of nickel to CIS, an increase of 1% yera on year.
According to new data released by the World Bureau of Metal Statistics (WBMS), in January-July this year, global copper supply shortage of 151,000 tons, the supply shortage gap was about 197,000 tons.
During the first months of this year, global copper demand was 13.72 million tons, 12.94 million tons for the same period a year earlier. During the first seven months this year, China's steel apparent demand was 6.736 million tons, up to 521,000 tons year on year; the 28 EU countries production declined by 2% year on year, the steel demand was for 2.082 million tons, an increase of 4.5% year on year.
It is reported that Glencore said, if Indonesia continued its policy of limiting exports and encourage local processing, nickel prices will continue to rise until 2018, as demand will overtake supply.
Glencore believed that prices have bottomed out, the actual spot price has bottomed out earlier this year, spot prices is expected to rise, the average prices will also rise.
Chile national copper Commission (Cochilco) said in 2016-2025 Chile mining investment is expected to invest US$492 billion, while it is expected to invest approximately US$773 billion in 2015-2024, which shows the investment is likely to decline further.
Cochilco's spokesman said that most of the investment plan is for copper project. under the influence of metal prices, Chile miners cannot reduce spending, which led to decline in mining investment. Chile is the world's largest copper producer. Last year Chile copper production reached 5.76 million tons.
According to Latin America Iron and Steel Institute (Alacero) statistics, in January-July this year Latin America and the Caribbean finished steel consumption totaled 36.19 million tons, down 13% year on year.
Among them, Latin America imported 109500 tons of steel from Mexico, an increase of 1% year on year; imported up to 106,000 tons Peru, an increase of 6% year on year; imported 52,000 tons from Honduras, rose 35% year on year; imported 30,000 tons from Panama, rose 13% year on year.
According to Vietnam Ministry of Industry and Trade preliminary statistics showed, in the first eight months this year, Vietnam steel imports amounted for 12.6 million tons, and imports amounted to US$5.26 billion, imports and imports grew by 27.3% and 2.1%, respectively.
During the first eight months this year, China was still the largest source of imports for Vietnam, the country imported 7.44 million tons of steel product, accounting for 59% of the total imports.
Vietnam Steel Association predicted that steel imports will continue to grow, particularly in the second half, due to strong demand for construction steel.
According to Korea Iron and Steel Association data showed that in August this year, Korea’s stainless steel hot-rolled coil imports reached 52,973 tons, an increase of 13.3% year on year, an increase of 13.3% month on month, was new high within two years.Among them, Korea’s stainless steel hot-rolled coil imports totaled 34,471 tons from China, accounted for more than half of the total imports, increased by 24.9%, compared with the same period last year, an increase of 15.5%, compared to the same period last month.
According to the Japanese Ministry Finance data, Japan's steel exports were 92,306 tons in July this year, an increase of 9.4% month on month to 84,363 tons from last month. The average export price was US$ 2929/ton, up US$2/ton month on month. The country’s total exports amounted US$2 billion.
Among them, Japan exported 20,251 tons to China, an increase of 14.7% month on month; exported 16,593 tons to Korea, an increase of 18.1% month on month; exported 10,388 tons to Taiwan, an increase of 6.7% month on month.
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