Market Insights
Top news, commentary and analysis on the China steel and other commodities markets.
China's stainless steel futures prices tumbled from their highest level in over two and a half years this week, as both technical and fundamental factors brought an end to a sharp rally, Mysteel Global noted.
China's demand for construction steel is expected to see a modest rise this month due to the impact of the May Day holiday over May 1-5 and the rainy season in southern China arriving later this month, according to the findings of Mysteel's latest monthly survey.
Nickel Sulfate In April, China's nickel sulfate production reached 254,200 tonnes, or 55,900 tonnes in Ni. content (based on Mysteel's sample of 60 enterprises), down 3.05% month-on-month. The production comprised 0% nickel briquette/powder, 54.21% MHP, 36.39% high-grade nickel matte, 7.97% secondar
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