LME nickel price trend on October 19th

[Ferro-Alloys.com] In September, Ukraine imported 58.04 thousand tons of manganese ore valued at $8.8 million, down by 7.7% and by 10.5% YoY respectively.

As the market enters the final few months of 2020, US flat-rolled steel mills sit in a much better position than they were just two months ago.

China's economy expanded by almost 5pc in the third quarter, continuing the country's recovery from its Covid-19 outbreak earlier this year.

The 2101 ferrosilicon contract price on ZCE closed at 5918 yuan per ton on October 20.

In the week ending on October 17, 2020, US domestic raw steel production was 1,535,000 net tons while the capability utilization rate was 69.4 percent.

According to the sources, both plants are in the U.S. state of Indiana and jointly operated with ArcelorMittal S.A.

The 2101 ferrosilicon contract price on ZCE closed at 5940 yuan per ton on October 19.