Steel prices today increased to 4,347 yuan / ton on the Shanghai Exchange. The UK, US, India, China and the European Union (EU) have set a target to raise steel production with near-zero emissions by 2030.
Steel prices increased slightly today
Steel price today January 2022 delivery on the Shanghai Exchange increased by 16 yuan to 4,347 yuan/ton at the time of the survey at 9:20 am (Vietnam time).
| Type name | Period | November 4th | Difference from previous transaction |
| Copper price | Delivery in December 2021 | 70.530 | +130 |
| Zinc price | Delivery in December 2021 | 23.815 | +120 |
| Nickel price | Delivery in December 2021 | 143.290 | -1.600 |
| Silver price | Delivery in December 2021 | 4.836 | +11 |
| Steel price | Delivered in January 2022 | 4.347 | +16 |
Futures price list of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
On Tuesday, the British government said it would join the US, India, China and the European Union (EU) to aim to raise steel production with near-zero emissions. in all parts of the world by 2030.
Iron ore chart at Shanghai exchange (Source: Shfe)
In a statement, Britain said, more than 40 world leaders have agreed to a plan to deliver clean and affordable technology globally by 2030.
According to the plan, steel is the preferred choice in the global market, with the efficient use and production of steel with zero emissions, to be established and developed in all regions by 2030.
In addition to the steel industry, the plan will also focus on sectors such as energy, trucking, hydrogen and agriculture.
The agreement was announced at the Global Climate Conference (COP26) in Glasgow, where leaders pledged to cut methane and stop deforestation by the end of the decade, helping to slow climate change. .
The steel industry is one of the largest CO2 emitters in the world. In particular, China is the country that produces more than half of the global steel.
The signatories have agreed on metrics to measure goals and set up international cooperation initiatives to achieve their goals, but have not provided further details.
Photo: Tangshan Yuxuan International Trading Co. Ltd
Earlier, at the end of October, the US and EU also ended their dispute over steel and aluminum tariffs, and pledged to work on a global agreement to combat “dirty” and overcapacity production. in the industry.
US President Joe Biden said this would help limit the access to the US market for “dirty” steel products from countries like China, Reuters reported.
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