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As the US steel market continues to build up steam, can the promise of new capacity in 2021 lead the way to a steel price correction?

China imported 31,496 tonnes of steel scrap in March of 2021, with 20,493 tonnes, or 65.1% coming from Japan, according to the country's General Administration of Customs.

Domestic demand in the United States for hot-rolled coil is "phenomenal" and is expected to remain that way for the rest of 2021 and into 2022, Steel Dynamics Inc (SDI) president and chief executive officer Mark Millett said during the company's earnings call.

China’s import premiums for copper cathode are in free fall, and market sentiment remained very low in current unfavorable import condition. Premiums in other regions held unmoved.

Base metals prices on London Metal Exchange were up across the board this morning, Wednesday April 21, but those on the Shanghai Futures Exchange were mainly weaker, as were broader markets, while haven assets were bid for.

Base metals prices on London Metal Exchange were stronger across the board this morning, Tuesday April 20, but those on the Shanghai Futures Exchange were mixed, as were broader markets, following weakness on Wall Street on Monday.

Several major Chinese metal producers bought zinc and gold concentrates produced in North Korea in 2019, despite economic sanctions, a court ruling has revealed.

Nickel briquette has steadily become a more favored choice of feedstock for Chinese battery-grade nickel sulfate producers in recent months, resulting in a notable pick-up in spot trading activity for the former.

Spot prices for imported ferrous scrap in China were stable on Friday April 16 even with Chinese steel mills continuing to seek out cargoes of HRS101, the Chinese grade for plate and structural scrap.