FeNi Price Held at a Low Level (Aug 10th-Aug 14th)

[Ferro-Alloys.com] According to the investigation of www.ferro-alloys.com, core wire market was peaceful last week in China. In Henan province, ex-work price of Ca98%min∮9㎜Ca wire stayed around RMB10,000-10,200/mt (USD1,639-1,672/mt).

[Ferro-Alloys.com]Chinese FeMo was quoted at RMB63,000/mt by acceptance. Major steel mills cut the tender price, transaction price dropped further. Overseas moly oxide traded at USD5.8-5.9/lbMo.

[Ferro-Alloys.com] Since the early August, the major steel mills have reduced the purchase price of ferrosilicon was about RMB100/MT-200 /MT, ferrosilicon as the upstream of magnesium market is still weak at present, the recent magnesium market facing the same...

[Ferro-Alloys.com] This week we China experienced two major international news: the RMB exchange rate fluctuations and Tianjin Tanggu event, as the silicon metal industries and export enterprises, whether RMB exchange rate fluctuations on the market for the pa...

Due to slim profit, some cored wires producers cut output or halt production. For Hebei-based companies, the situation is tougher.

Armco Metals Holdings, Inc. ("Armco Metals Holdings" or "the Company") (NYSE MKT:AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by...

Armco Metals Holdings, Inc. ("Armco Metals Holdings" or "the Company") (NYSE MKT:AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by...