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CIS HRC and CRC export prices continue to rise

In the last week, CIS HRC export prices US$40-70/ton; those for CRC export prices have increased by US$70-85/ton. Currently, CIS HRC export prices are at US$365-370/ton FOB, Black Sea, compared to US$295-330/ton for previous week. For CRC export prices are...

Thursday, March 24, 2016

US’s Big River Steel begins the first stage of production in in Arkansas

US’s Big River Steel has announced to start US$1.3 billion Mill in Arkansas on Friday. The operation will split into two phases of the production. However, the company received US$1.25 billion of general obligation bonds for public investment for steel pro...

Thursday, March 24, 2016

Bohai Steel Group seeks finance crisis sloutions

Bohai Steel Group owns by the city government of Tianjin may be unable to make full repayment on RMB 192 billion debt. It’s reported that currently four subsidiaries of Bohai Steel all have in different level of crisis. Among them, Tianjin Pipe (Group) Co...

Thursday, March 24, 2016

The Market of Mn Ore May Get More Balanced in This Year

Mn ore supply in 2015: -14% over 2014, to 16.4 million mt (Mn units). Meanwhile, demand: -19% YoY, to 14.9 million mt (Mn units).Globally, around 11.7 million mt of Mn ore capacity cuts have been announced at the end of 2015 and beginning of 2016, due to low M...

Thursday, March 24, 2016

Low-Carbon FeCr Prices Surged amid Tight Supply

[Ferro-Alloys.com]China's low- and micro-carbon ferrochrome supply remains tight thanks to soaring export and lack of siliconchrome, triggering the prices keep surging in March.

Thursday, March 24, 2016

China Is the World’s Greatest Producer and Exporter of EMD

After 4 years of reducing exports, China increased its EMD exports in 2015, by 19% to around 47,000 mt. According to industry sources, this increase is mostly contextual, and does not represent an improvement of demand fundamentals.

Thursday, March 24, 2016

China to Build Industrial Area in Java

[Ferro-Alloys.com]Chinese state-owned company China Fortune Land Development (CFLD) plans to build an industrial area in Java, with an investment of US$1.5 billion, Head of the Indonesian Investment Coordinating Board (BKPM) Franky Sibarani stated on Wednesday...

Thursday, March 24, 2016

The Iron Ore Rally is Looking Shaky as Futures Plunge in Overnight Trade

[Ferro-Alloys.com]The iron ore price fell for a second session on Wednesday, with Chinese futures pointing to more significant declines to come.

Thursday, March 24, 2016
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