Market Insights
Top news, commentary and analysis on the China steel and other commodities markets.
Crude steel production among China's top 10 steelmaking provinces and autonomous regions declined by 3.6% on year to 241.52 million tonnes during the first four months of this year, according to the latest data from the National Bureau of Statistics (NBS) published on May 21.
Retail stocks of the five major carbon steel items stockpiled in the commercial warehouses across China that Mysteel regularly monitors retreated for the tenth consecutive week over May 15-21, the results of Mysteel's latest weekly survey revealed.
In its latest tightening of steel capacity replacement rules, China has brought the stainless steel sector under unified oversight for the first time, marking the first formal incorporation of stainless into the country's nationwide steel capacity swap framework, as Mysteel Global reported (https://
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