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Dong Ling is the largest steel trader and zinc manufacturer in Western China. It declared bankruptcy in late July 2024 as a result of slowing sales of rebar and weaker steel prices due to a slowing real estate market in China. It is unclear if the bankruptcy is for reorganization or for going out of business. [1]
By 2008 raw materials such as Iron ore prices grew and China had to reluctantly agree to price increases by the three largest iron ore producers in the world; BHP, Rio Tinto and Vale. [4] During the 2007–2008 financial crisis , the Chinese steel mills won price reprieves as demand from their customers slowed.
Traders expect prices to climb above $40,000 a ton following China's ban amid an ongoing global supply shortage. "We have already sold some small quantities for $40,000," a minor metals trader in ...
These prices are more an indication than an actual exchange price. Unlike the prices on an exchange, pricing providers tend to give a weekly or bi-weekly price. For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on ...
The Japanese company is offering to pay $55 a share, significantly above U.S. Steel’s price of $39.55 at Friday’s market close. (Shares have jumped 22% since then, following Nippon Steel’s ...
The lofty dollar has sent gold prices down 4.4% this week to $2,565, bringing the monthly loss so far to a sizeable 6.5%. Brent crude futures fell 90 cents to $71.66, on the prospect of U.S ...
Prices were hovering at between $1,770 and $2,175 per tonne [104] as the markets became more bullish and increased prices after China's car scrapping scheme had caused a general upturn in lead, zinc, cadmium and aluminium production. [104] [105] By the June 2010, prices stood at only $870 per tonne, and were back to about $2,200 in the July 2010.
Nippon Steel and U.S. Steel filed a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel..