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What Is Corrugated Metal Roofing?
Corrugated metal roofing is a metal sheet that is roll formed into a metal panels. These panels are than attached to the roof with screws. Corrugated metal is an exposed fastener panel, meaning that each fastener is visible on the panel’s surface. The traditional shape of corrugated sheet ...Read more -
China starts buying Australian coal as unofficial ban ends
China has started buying Australian coal this month, signaling the end of an unofficial ban that ran for over two years, according to market sources and S&P Global Commodity Insights data. S&P Global reported last month that three Chinese state-owned power plants — China Datang Corp...Read more -
INTERVIEW: Conadiac sees nearshoring as opportunity for steel market in Mexico
Despite demand not returning to pre-pandemic levels, there is positive sentiment in the Mexican steel market based on opportunities such as the current wave of nearshoring and the country’s deficit of steel products, according to Antonio Chabrand, treasury officer at Conadiac, which represe...Read more -
INTERVIEW: Steel mills in Turkish earthquake zone may close for a month: TCUD
Turkish steel mills in the regions of the Feb. 6 earthquakes may remain closed for around a month until workforce, logistics and power cut problems are resolved, Turkish Steel Producers’ Association (TCUD) General Secretary told S&P Global Commodity Insights Feb. 14. “Producers in...Read more -
Steel Coil Production
Steel coil is finished steel sheet or strip that has been coiled or wound after rolling with the width of the metal sheet being greater than its thickness. Steel coil with certain coatings can be weather-resistant, protect against moisture, and is ecofriendly. Steel coil is produced through diffe...Read more -
New steel capacity, slower construction activity could weigh on 2023 US sheet prices: panel
The startup of new steelmaking capacity and weaker construction activity could weigh on US sheet steel prices and keep them more rangebound in 2023, compared with the last two years, according to a panel discussion at the 2023 Tampa Steel conference in Florida. “2023 could be a return to a ...Read more -
Commodities 2023: China’s carbon market to slow in 2023 as energy security, economy take priority
China’s carbon market development is expected to slow in 2023 as concerns about energy security and the reopening of the economy take precedence, but the tedious groundwork needed for long-term market evolution is expected to continue in the background, according to industry experts. What i...Read more -
China’s 2022 crude steel output falls for second straight year
China’s crude steel output in 2022 fell by 2.1%, or 21.73 million mt, from 2021 to 1.013 billion mt, marking a second-successive annual decline, data from the National Bureau of Statistics showed Jan. 17. Some mill sources said China would continue to contain its steel production growth in ...Read more -
Commodities 2023: China likely to tone down domestic steel capacity, targets ASEAN nations
China would aim to contain its steel production growth in 2023 and focus more on environmental-friendly capacity swaps, but it remains keen on making capacity investments in ASEAN countries to keep its behemoth steel industry running, information gathered from sources by S&P Global Commodity ...Read more -
Turkish mills likely to continue to struggle with firm scrap prices in early 2023
Turkish deepsea import scrap prices are expected to remain relatively firm over the first quarter of 2023, supported by tight supply, posing a continued challenge to Turkish steel mill margins, sources said. Platts assessed Turkish bulk imports of premium heavy melting scrap 1/2 (80:20) at $386.7...Read more -
Low steel purchases, inventories limit Brazilian year-end discounts, but 2023 price hikes loom
Consumers’ low steel purchases and inventories in Brazil are preventing a wave of end-of-year discounts and supporting the announcement of increases for early 2023, sources said. “I believe prices went down enough for 2022,” said a flat steel distributor source, who already rece...Read more -
Slow economic growth pressures China to rebalance carbon reduction ambitions
The world heaved a sigh of relief when Beijing announced Nov. 11 new measures to relax its COVID-19 restrictions, while keeping China’s zero-COVID policy in place, and when Guangzhou on Nov. 30 revealed plans to remove most movement controls and resume public transport, among other new meas...Read more