Chinese steel stocks down, demand recovering

Stocks of the five major finished steel items at Chinese traders and steel mills declined during the week of August 29-September 4, as steel demand from downstream users recovered gradually amid the traditional peak season for steel consumption over September-October, Mysteel Global has learned. Total inventories of the five major steel items comprising rebar, wire…

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Canada Supports British Columbia Steel & Aluminum Sector

Canada’s steel and aluminum sectors are key contributors to the Canadian economy, creating well-paying jobs and providing key inputs for major industries. Mr Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada, announced over USD 4.9 million in funding for 10 companies across British Columbia. The funding is being…

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AISI Releases August SIMA Imports Data

Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported that steel import permit applications for the month of August totaled 2,134,000 net tons. This was a 40.8% decrease from the 3,606,000 permit tons recorded in July and a 29.6% decrease from the July final…

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