Jiangsu Shagang to build two 2,350m³ blast furnaces
This equates to 2 million mt of capacity for each furnace
Primary aluminium inventories extended decline by 35,000 mt on week
Stocks decreased by 35,000 mt from a week ago to 799,000 mt as of Nov 21
Chinese EAF steelmakers sharply stepped up operations as margins recovered on higher steel prices
Operating rates at Chinese EAF steel mills averaged 65% as of Nov 20, up 10 percentage points from the start of the month
Shenzhen to register only electric cars as ride-hailing taxis from Dec 1
The move comes in response to domestic efforts to promote new energy vehicles and curb air pollution
WBMS: Global nickel market in a 66,900 mt deficit in Jan-Sep
The deficit came in at 102,900 mt for the whole of 2018
SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in China's steel industry. They have been working on the weekly report China Steel Briefing, the monthly report China Steel PMI-Monthly, a survey of steel downstream.
