China Coal Imports Hold Near Four-Year High As Demand Resilient

Coal imports by China held near the highest level in four years, underscoring buoyant demand in the world’s largest user even as lower domestic prices and a weaker currency hurt the appeal of overseas supplies. Foreign purchases fell just 1.1 percent in August to the equivalent of 925,161 metric tons a day, compared with 935,806
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Shanghai rebar futures pared losses on Thursday to close near a six-year peak reached in the prior session on expectations further output curbs in China could keep supply tight in the world’s top producer. On top of ongoing restrictions at industrial plants in many Chinese cities, Beijing is planning to impose production curbs for a
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If you happen to be at the beach this summer, make a mental note of any giant freighters crossing the horizon. In a few years’ time those same ships will probably be moving just a fraction slower. If the slowdown does happen — and the likes of Citigroup Inc. say it will — then the
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GMR Infrastructure has secured the contract to build a greenfield commercial port near Kakinada through the Swiss Challenge mode. By way of a statement, the infrastructure firm has said that the all-weather, deep-draught and multi-cargo port will come up some 30 km north of Kakinada as one of the nodes of the proposed Visakhapatnam-Chennai Industrial
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US mills continued to move hot-rolled coil offer prices to $900/st Monday, but many in the market are expecting prices to be nearing the peak. The daily Platts TSI US HRC assessment increased $3.25/st to $873/st, while the cold-rolled coil assessment was unchanged at $997.25/st. Some mini-mills are beginning to open May order books with
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