Posts Tagged ‘China’

US data indicates power sector CO2 emissions down 15.6% since 2007

As it prepares for the November 30 start-up of the United Nations Climate Change conference in Paris, the US Department of Energy has been generating data that shows total US carbon dioxide emissions have declined and then flattened out in the past eight years, with emissions specifically from the US power sector part of the same trend.

Read the rest of this entry »

Steel seems poised to keep on runnin’, keep on hidin’

So say the lyrics immortalized by Spencer Davis, which to some degree show what is wrong with the global steel market — it keeps on running and hiding from its overcapacity.

For global producers to return to 85% utilization rates, 170 million mt of global capacity has to disappear, according to Macquarie Research. To reach headier rates of 90% utilization rates, at which mills can make decent money, the equivalent of Western European and Japanese production (275 million mt) needs to exit the market.

Read the rest of this entry »

The Oil Big Five: Already looking at changes for 2016 and beyond

We’re speeding toward the end of 2015, which means that our monthly oil feature, The Oil Big Five, is increasingly focused on topics that could shape the global oil industry into 2016 and beyond.

Read the rest of this entry »

Recent news paints global picture of doom and gloom for steel

The steel industry doesn’t have much to cheer about these days. Some recent news items tell the tale:

Read the rest of this entry »

Rio Tinto steals Vale’s iron ore crown ahead of Q4 decider

Iron ore miners Rio Tinto and Vale remain nose to nose in claiming industry leadership for 2015.

Rio Tinto’s new-found leadership status was confirmed by iron ore shipments stretching to a record 91.3 million mt in the third quarter, around 5 million mt more than Vale’s quarterly total for its fines, run-of-mine ores and pellet sales, latest company data show.

Vale, however, had something to brag about.

Read the rest of this entry »

Smoke gets in your eyes: The future of China’s love of steel

So I’m outside smoking a cigar (yes, my one bad habit) at Chicago’s Fairmont Hotel during a break from last week’s sessions of worldsteel-49 — the annual gathering of top global steelmaking CEOs. A tall, distinguished-looking gentleman joins me, lighting a cigarette.

It’s Haijian Gao, chairman of China’s Magang (Group) Holding Co. Ltd.

Read the rest of this entry »

Metals prices unsteady in September, but August’s multi-year lows not tested

Concerns over the Chinese economy continued to trouble the metals market in September with expectations that the Federal Open Market Committee (FOMC) would raise US interest rates creating further headwinds. As a result, contracts traded on the London Metal Exchange continued to see volatility, although most metals (excluding zinc) did not trade below the multi-year lows established at the end of August.

Read the rest of this entry »

Analysts, aluminum buyers mull impact of Chinese petcoke crackdown

China’s amended Air Pollution and Control Law includes a restriction on the import, sale or use of higher-sulfur petroleum coke, which is likely to tighten supply of anode-grade petcoke for the aluminum industry, according to analysts.

Petroleum coke is a byproduct of oil refining, and about 80% of global production is considered fuel-grade, used for generating electricity and in the cement industry. The remaining 20% is calcined, or further refined, and serves as a key ingredient in other manufacturing ─ in particular, aluminum production. Calcined pet coke (CPC) is used to make the anodes that provide the carbon for the electrolytic chemical reaction during aluminum smelting.

Read the rest of this entry »

Dry spell for DDGS as China stops buying

While some may associate the summer with dry spells, for the US dried distillers grains (DDGS) market, the dry spell has come in the fall.

Numerous sources have said that China, the world’s No. 1 importer of DDGS, has stopped purchasing the ethanol byproduct in recent months after buying heavily earlier in the year. That assertion is backed up by data from the US Department of Agriculture. According the USDA, DDGS exports peaked in May at $252.016 million, fell off slightly in July, then cratered in August.

Read the rest of this entry »

China’s teapot refiners are not all hot steam

Dongming, Yatong, Kenli, Lijin: A new breed of companies are emerging from China. Part of the band of independent teapot refiners, which by almost any measure are considered underdogs in the country, they are now taking their first, albeit tentative steps into international trading.

Read the rest of this entry »