China’s crude stainless steel capacity is expected to increase by 7.5 million tonnes per year to 44-45 million tpy by 2020, although there is some pessimism about mills’ utilization rates, according to Zhang Zhifang, chairman of Chinese producer Taiyuan Iron & Steel.

The latest news and price moves to start the Asian day on Wednesday June 27.

Metal Bulletin is running a one-month consultation to seek feedback on whether to keep excluding certain origins in the assessment of its spot main Japanese ports (MJP) aluminium P1020 cif premium.

Base metals prices on the London Metal Exchange were mostly down during morning trading on Tuesday June 26, stifled by ongoing trade tensions between the United States and China.

Global markets stabilized on the morning of Tuesday June 26 amid easing trade tensions, while three-month base metals prices on the London Metal Exchange consolidated after their weakness on Monday.

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Tuesday June 26.

Most base metals prices on the Shanghai Futures Exchange ended the Asian morning trading session on Tuesday June 26 in negative territory, with deepening fears of a China-United States trade war weighing on the sector.

The latest news and price moves to start the Asian day on Tuesday June 26.

The European charge and high carbon ferro-chrome benchmark has settled at $1.38 per lb for the third quarter of 2018.

China’s push to enhance its environmental protections has reached a tipping point, with the nation’s new target of implementing a complete ban of all scrap imports by the end of 2020 leaving US recyclers in a lurch.