Global investment management firm Goldman Sachs has slashed its iron ore price forecast by 18 per cent, citing weakened global demand.

The 2306 ferrosilicon contract price on ZCE closed at 6908 yuan per ton on June 7.

In nickel, the global dispersion index fell to 41.8 in May from 43.3 in April despite gains in China. A measure of 50 points indicates that smelters are operating at the average level of the past 12 months.

The 2306 ferrosilicon contract price on ZCE closed at 7282 yuan per ton on June 6.

Russian Railways: freight loading volumes from January to May 2023 amounted to 517.6 million tons

The World Bank is betting on this company to ‘green’ the $1.6 trillion steel industry — take a look inside

Green metals set to attract more investment

The country currently has a generating capacity of 2 000 MW but is only producing 1 400 MW due to regular breakdowns at its thermal power stations and water shortages at its main hydro plant.