EU adds lithium to critical raw materials list

LME nickel price trend on September 3rd

For the period from April to June, Baosteel earned 2.47 billion yuan, a jump of 60.6% from the first quarter, but still well below net profit of 3.46 billion yuan in the year-earlier period.

Vietnam spent more than 5.6 billion U.S. dollars importing over 9.7 million tons of steel and iron in the first eight months of this year.

Baosteel expects China's vehicle production to drop 6% year on year to 24.2 million units in 2020, improving from a 11.8% year-on-year drop in January-July.

In the first week of September, the ferrosilicon market continued stable. The tender volumes, together with the rising tender price, boosted the confidence of the industry.

"These difficult conditions make the industry even more vulnerable to surges in imports."

The 2010 ferrosilicon contract price on ZCE closed at 5686 yuan per ton on September 4.