According to SMM research, as of May 7, the operating rates of 50 electric arc furnace-based steel mills across the country who mainly produce rebar was 38.34%, up 2.96 percentage points WoW.
Press Metal Aluminium Holdings Bhd’s extrusion plant in China has reportedly started supplying aluminium battery casings and car bumpers to vehicle manufacturers in the mainland.
Alba's sustainability excellence recognised with coveted 'Platinum' rating by EcoVadis
Aluminium Bahrain B.S.C., the first aluminium smelter in the Middle East, has reportedly achieved a Platinum rating from EcoVadis, the largest independent provider of business sustainability ratings.
SMM Morning Comment For SHFE Base Metals On May 8
Overnight, LME copper prices opened at $9,953/mt and fell to $9,951.5/mt, but then rose to $10,118/mt before closing at $10,009.5/mt, up 0.96%.
SMM Lead Market Morning Comment (May 8)
On Tuesday, LME lead opened at $2,228/mt, and hit a high of $2,250/mt before closed at $2,227.5/mt, up $25/mt, or 1.13%.