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Taiwan¡¯s Feng Hsin to hike scrap purchasing prices in this week

Feng Hsin Iron & Steel Co, one of the major electric furnace mills in Taiwan, has announced to rise its rebar and scrap purchasing price by NT$300/ton in this week. After price announcement, its scrap purchasing price will be NT$6,400~6,900/ton.

Thursday, April 7, 2016

Port of Hedland iron ore exports up in Mar

Australia's Pilbara monthly report released in March this year, Port of Hedland departure total 39.5 million tons of iron ore, rose 7.9% month on month, the highest level since September last year. Among them, Iron ore exports to China jumped to 32.6 milli...

Thursday, April 7, 2016

US's crude steel weekly output falls slightly

For the week ended April 2nd, US¡¯s domestic crude steel production was 1.65 million/short tons, the capacity utilization was 70.6%. Meanwhile, US¡¯s crude steel production output rose 2.2% year on year, and dropped by 1.5% month on month. After adjustment...

Thursday, April 7, 2016

Ferrexpo¡¯s iron ore production falls in Q1

Ukraine iron ore producer Ferrexpo announced its iron ore pellet production from the 3.3%, to 2.88 million tons. With their own raw material in the production totaled 2.87 million tons in the 1st quarter of this year, down by 2.7% month on month With their...

Thursday, April 7, 2016

Mexico to extend import tariffs on certain imports of steel for 6 months

After intense negotiations with the local steel industry, Mexico Ministry of Economy has extended 15% imports tariff on certain imports of iron and steel products for 6 months. Mexico Ministry of economy said the products involved slab, cold rolled coil, ho...

Thursday, April 7, 2016

Ukraine raises scrap export taxes for three years

Ukraine has announced to increase scrap export taxes from €10-35/ton for three years. The approval by Ukraine Parliament to immediate affected. Meanwhile, there are 250 Ukraine exporters have applied the exports of 3.8 million tons of scarp, which submits ...

Thursday, April 7, 2016

Nava Bharat, Tata Steel in Pact for Chrome Ore Conversion

Nava Bharat Ventures Ltd has entered into an agreement with Tata Steel Limited for a period of 4 years commencing from April 2016 for conversion arrangement of Chrome Ore into Ferro Chrome. This is a renewal agreement.

Thursday, April 7, 2016

Why LC FeCr Prices Surged

[Ferro-Alloys.com]Low- and micro-carbon ferrochrome prices have been in the uptrend channel since mid-February, reaching record high of the year in late March. The current prices remain stable at RMB11,000/T Cr 50% basis from RMB9,700/T Cr basis in mid-Februar...

Thursday, April 7, 2016
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