Global insight

US rebar mills increase the price on a new round

It's reported that the US Commercial Metals Company (CMC), US Gerdau long steel company announced to raise rebar prices were at US$20-30/short tonrecenlty, mainly for shipments after April 16 . Buyers have expressed this round of price increases is still dr...

Monday, April 11, 2016

Frank Marzoli Sells 50,000 Shares of Royal Nickel Corp (RNX) Stock

Royal Nickel Corp (TSE:RNX) Director Frank Marzoli sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of C$0.27, for a total transaction of C$13,500.00.

Monday, April 11, 2016

New Caledonia may Allow Nickel Exports to China as Price Tumbles

New Caledonia is weighing lifting restrictions on the sale of nickel ore to China as world prices for the metal tumble and the future of a key Australian customer is in doubt. New Caledonia has long resisted selling ore directly to large consuming countries su...

Monday, April 11, 2016

Solutions Sought to New Caledonia Nickel Crisis

Reports from France say talks have been held between the government and the Eramet mining conglomerate about moves to sustain New Caledonia's SLN nickel company.

Monday, April 11, 2016

Nava Bharat Ventures Gains after Signing Pact with Tata Steel for Chrome Ore Conversion

Nava Bharat Ventures rose 1.66% at Rs 165 at 10:10 IST on BSE after the company said that it has entered into an agreement for renewal of conversion arrangement of chrome ore into ferro chrome with Tata Steel.

Monday, April 11, 2016

Chrome ore: Firms Deek Export Duty Re-Imposition

Ferro chrome producers such as Jindal Stainless and Visa Steel have urged the government to re-impose 30% export duty on chrome ore as India’s insufficient reserves have been depleting fast.Chrome ore is used for production of ferro chrome, an important raw m...

Monday, April 11, 2016

India to impose temporary anti-dumping duties on Chinese seamless pipe

On March 31, 2016, the India Ministry of Commerce announced to impose temporary anti-dumping duties on Chinese seamless pipe, the taxes were difference between the CIF price and the reference price. Reference prices set according to the product specificati...

Friday, April 8, 2016

US Steel announces to cut 25% jobs in North America

United States steel has announced to cut 25% of its employees in North America, in order to reduce costs. The company did not provide the exact number of layoffs. A company spokesman said, because of the tough market conditions, including price volatility, ...

Friday, April 8, 2016
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