Overview of China’s domestic steel market this week: On the supply side: The output of the five major types of steel this week was 9.814 million tons, an increase of 73,100 tons week-on-week. Among them, the output of rebar, wire rod, and medium and heavy plate decreased by 9,600 tons, 34,900 tons, and 10,900 tons …
Some international steel market industry information this week: Turkey： Turkish steelmaker MMK Metalurji plans to restart its electric arc furnace melting shop with an annual capacity of 2.3 million tons from April 1. In addition to existing stocks, MMK Metalurji is actively procuring scrap to meet production needs. Luxembourg： On March 22, a fire broke …
Supply and demand situation: This week’s domestic steel market situation in China: On the supply side, the supply of five major steel products this week was 9.1656 million tons, an increase of 141,500 tons, an increase of 1.6%. In terms of inventory, the total inventory of five major steel products this week was 23.8651 million …
Staff at South African port terminal operator Transnet have gone on strike over wages since last Friday, with Transnet saying force majeure exists at all South African ports. Transnet owns and operates 16 terminals and seven ports in South Africa. The seven major South African ports have declared a force majeure strike this time, and …
At present, the global ocean freight rate has plummeted. Ding Chun, a professor at the Institute of World Economics at the School of Economics of Fudan University, believes that the main reasons are: the high inflation rate in Europe and the United States, combined with geographic conflicts, energy crises and epidemics, which have caused the …
It is reported that Unite the Union has confirmed that more than 560 dockers at the Port of Liverpool, the UK’s second largest container terminal, will hold strike action from September 19 to October 3. The union has warned that the strike action will severely disrupt shipping and road transport in and around Liverpool, adding …