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  • Global container ship freight rates hit record high after Suez Canal ship j… 2021-04-30

    Apr. 30, 2021 - At present, the chaos of maritime transportation is intensifying. In March, a giant container ship, EVER GIVEN, ran aground on the Suez Canal in Egypt, causing the canal to be blocked for a week, and its impact spread all over the world. Unloading at ports in Europe, the US, and Asia has also stalled. Freight rates for containers have increased by 10% from the end of March …

  • China to cancel some steel export tax rebates from May 1 2021-04-29

    Apr. 29, 2021 - From May 1, China will reduce the export rebate rates for some steel products and cut tariffs for ferrous imports in a bid to shore up domestic supply and slow the growth of carbon emissions.   Tariffs will be cancelled on imported billet, pig iron, crude steel and recycled steel raw materials and increased on exports such as high-purity pig iron, Customs Tariff Comm…

  • China's imports of silica sand in Q1 2021 up 16.19% YoY 2021-04-27

    Apr. 27, 2021 - According to the statistics from China Customs, in the first quarter of 2021, China’s exports of silica sand reached 20,454 tons, an increase of 16.19% compared with the same period in 2020; China’s imports of silica sand hit 903,600 tons, a year-on-year increase of 29.68%.   China mainly imports silica sand from Indonesia and Australia. In the first quarter, China…

  • China's imports of andalusite surge 56.33% YoY in Q1 2021 2021-04-27

    Apr. 27, 2021 - According to the statistics from China Customs, China’s imports of andalusite from South African, France, Peru, the United Arab Emirates, and Iran in Q1 2021 reached 9,166 tons, an increase of 56.33% compared with the same period in 2020.   Among them, the imports from South Africa were 5,236 tons, a year-on-year decrease of 29.28%; the imports from France were 2,97…

  • China's outputs of refractories' downstream industries ramp up in Q1 2021 2021-04-26

    Apr. 26, 2021 - In Q1 2021, China economy recovers smoothly with a considerable opening. Data shows China GDP increases by 18.3% YoY and industrial added value above designated size rises by 24.5%. Meanwhile, China’s total retail sales of consumer goods ramp up by 33.9% YoY. China’s total imports and exports of goods increase by 29.2%. China’s output of refractories' downstream indus…

  • Global primary aluminum production up 3.57% YoY in Q1 2021 2021-04-23

    Apr. 23, 2021 - According to statistics released by the International Aluminum Institute (IAI), global primary aluminum production totaled around 16.64 million tons in the first three months of this year, growing by 3.57% from the same period a year ago. In March alone, global primary aluminum production amounted to roughly 5.73 million tons, a month-on-month increase of 10.37% and a year-…

  • Dynamite may be available in Haicheng? 2021-04-23

    Apr. 23, 2021 - There are rumors that dynamite used for magnesite mining is likely to be available in early May in Haicheng, Liaoning province. If the news is true, the ore supply pressure on the market will be relieved by then.   The market demand for magnesia has been relatively stable from April to August over the past years and sales generally do not increase sharply. I…

  • Global steel production jumps 10% in Q1 2021 2021-04-23

    Apr. 22, 2021 - Global crude steel output rose 10% year-on-year in the first quarter of 2021, according to the World Steel Association on Thursday. Crude steel production for the 64 countries reporting to the platform was 486.9 million tons in January-March, the association said. Turkey, the eighth-largest crude steel producer, posted an annual rise of 9.5% in crude steel production in th…

  • Global crude steel output up 15.2% YoY in March 2021 2021-04-23

    Apr. 23, 2021 - World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 169.2 million tonnes (Mt) in March 2021, a 15.2% increase compared to March 2020.   In Asia, China produced 94.0 Mt of crude steel in March 2021, up 19.1% on March 2020. India produced 10.0 Mt of crude steel in March 2021, up 23.9% on March 2020. Japan produced…

  • Japan’s 2020-21 crude steel output falls to 52-year low 2021-04-22

    Apr. 22, 2021 - Japanese crude steel production dropped for a fourth consecutive year in the April 2020-March 2021 fiscal year to the lowest level since 1968-69, as the Covid-19 pandemic hampered global economic and manufacturing activity to weaken steel demand. The country's crude steel output declined by 16pc on the year to 82.8mn t in the last fiscal year, according to data released tod…

  • Revenue of China's four listed refractories companies in 2020 2021-04-21

    Apr. 21, 2021 - According to the financial reports released by the four listed refractories companies in China, their revenues and profits in 2020 all showed growth. However, the profit growths were less than expected, mainly due to the increase in the prices of raw materials such as magnesia and silicon carbide in the fourth quarter of 2020, which squeezed the refractory companies’ profit…

  • Steel consumption in Latin America continues to improve 2021-04-20

    Apr. 20, 2021 - Latin American steel association Alacero announced that steel consumption in Latin America continues to grow due to the recovery in demand, the increase in the industrial production and manufacturing index and the rebuilding of inventories, both of final consumers and of the distribution chain. Steel consumption in January 2021 rose for the ninth consecutive month, 0.8% compare…

  • Kaiman alumina refinery to halve output on bauxite shortage 2021-04-20

    Apr. 19, 2021 - Chinese alumina refinery Kaiman (Sanmenxia) Aluminium has cut its production by half because of a shortage of bauxite supplies. Hangzhou Jinjiang Group owns the refinery in Sanmenxia city in Henan province, which has capacity for 2.1 million tonnes per year. It will reduce output for at least one month starting from Monday, but could extend the curtailment depending on th…

  • Japan's April-June crude steel output expected to rise 2021-04-19

    Apr. 19, 2021 - According to the forecast released by the Japanese Ministry of Economy, Trade and Industry (METI), Japan’s crude steel production in the second quarter (April-June) is expected to increase by 28.3% from a year earlier to around 23.24 million tons. But April-June output is forecast fall by 2% compared with the first quarter (January-March).   During the period, Japan…

  • Vietnam's steel exports surge in Q1 of 2021 2021-04-16

    Apr. 16, 2021 - Vietnam’s exports of iron and steel reached over USD 1.8 billion in the first quarter of 2021, up sharply by 65.2 % YoY. Of these, the exports of crude steel and iron, as well as rolled steel increased by 14.4% and 54% while that of steel angles decreased by 1.6%. Taking advantage of the promising opportunity, leading steel-producers like Hoa Phat Group and Hoa Sen Group have …

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