The agreement will establish a multi-level commodity trading market system and win China more of a say in the pricing of metals.

China accounts for more than 20 percent of the company's total sales volume, Machkevitch stated.

He also points out that the deal comes at a weak point in the steel sheet market cycle.

[Ferro-Alloys.com] Oslo, 30 September 2019: Elkem ASA has now closed the announced acquisition of Basel Chemie with effect from 30 September 2019. Reference is made to stock exchange release dated 16 August 2019. Elkem has now concluded the acquisition of Base...

[Ferro-Alloys.com]One billion POSCO – 46 years after the first drop of molten iron in 1973

Steelmakers were announcing price increases to try to reverse the trend.

The import price for steel billet in the United Arab Emirates has narrowed over the past week.

Nickel price trend on October 9th