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LME Nickel Suffered Downtrend Pressure(April 5-April 8)

[Ferro-Alloys.com]LME nickel price broke through MA89 downwards the week earlier and a breakout was not seen in the week. The price was currently repressed by the MA89, moving around 8,400 level.

Monday, April 11, 2016

HC FeCr Prices Seemingly Started Bottoming(April 5-April 8)

[Ferro-Alloys.com]New tender prices for high-carbon ferrochrome from China’s major stainless steel mills were released in the week. Both Baosteel and Tsingshan Group raised their tender prices in April, while TISCO kept its tender price unchanged over March, ...

Monday, April 11, 2016

New Caledonia may Allow Nickel Exports to China as Price Tumbles

New Caledonia is weighing lifting restrictions on the sale of nickel ore to China as world prices for the metal tumble and the future of a key Australian customer is in doubt. New Caledonia has long resisted selling ore directly to large consuming countries su...

Monday, April 11, 2016

India to impose temporary anti-dumping duties on Chinese seamless pipe

On March 31, 2016, the India Ministry of Commerce announced to impose temporary anti-dumping duties on Chinese seamless pipe, the taxes were difference between the CIF price and the reference price. Reference prices set according to the product specificati...

Friday, April 8, 2016

US Steel announces to cut 25% jobs in North America

United States steel has announced to cut 25% of its employees in North America, in order to reduce costs. The company did not provide the exact number of layoffs. A company spokesman said, because of the tough market conditions, including price volatility, ...

Friday, April 8, 2016

China's crude steel productions fall in Jan-Feb

According to China's National Development and Reform Commission data released, in January-February this year, China's crude steel production totaled 1.2107 billion tons, down by 5.7% year on year; steel production totaled 1.6228 billion tons, down by 2.1% year...

Friday, April 8, 2016

Chinese seamless steel pipe exports prices fall in 2015

According to statistics showed in 2015, China's steel exports exceeded 1 billion tons for the first time. Among them, China’s steel pipe exports totaled 9.978 million tons, accounted 8.88% of total steel exports, an increase of 6.26% year on year, hit ano...

Friday, April 8, 2016

FMG: 2016 iron ore shipments are expected to increase

Global the biggest iron-ore exporter, FMG expected iron ore shipments will increase this year, due to the beneficial effect of weather factors. FMG predicted that shipments of iron ore in the first half of the year amounted to 84 million tons, and annual sh...

Friday, April 8, 2016
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