[ferro-alloys.com] China’s steel scrap consumption was 62.24 million tonnes in the first half of 2017, up 46.1% on a yearly basis, according to Economic Information Daily.

[ferro-alloys.com] After surging by close to 10% in the second half of last week, Chinese iron ore futures have gone into reverse on Monday.

[ferro-alloys.com] Chinese yuan’s exchange rate against US dollar closed at 6.5200 in onshore market, the highest closing price since May 12, 2016.

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[ferro-alloys.com] Rebar stocks across China have been rising steadily, while hot-rolled steel plate stocks reversed declines, SMM statistics showed.

[ferro-alloys.com] Macquarie raised its forecasts for iron ore and aluminum prices next year, citing demand from China.

[ferro-alloys.com] Of the 34 listed steel companies in China, 32 have released their semi-annual report for 2017.

[ferro-alloys.com] China may introduce new standards that would up the amount of vanadium required in rebar products. The move could come as early as next month, and looks set to significantly boost vanadium demand in the country.