Ferro-alloys.com:Philippines’ President Rodrigo Duterte said on Tuesday he believed the controversial ban on open pit mining imposed by former Environment Secretary Gina Lopez should remain.

[ferro-alloys.com] Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.

[ferro-alloys.com] China’s steel scrap consumption was 62.24 million tonnes in the first half of 2017, up 46.1% on a yearly basis, according to Economic Information Daily.

[ferro-alloys.com] After surging by close to 10% in the second half of last week, Chinese iron ore futures have gone into reverse on Monday.

[ferro-alloys.com] Chinese yuan’s exchange rate against US dollar closed at 6.5200 in onshore market, the highest closing price since May 12, 2016.

[ferro-alloys.com]

[ferro-alloys.com] Rebar stocks across China have been rising steadily, while hot-rolled steel plate stocks reversed declines, SMM statistics showed.

[ferro-alloys.com] Macquarie raised its forecasts for iron ore and aluminum prices next year, citing demand from China.