It is reported that China's biggest steelmaker Baosteel has planned to raise its February delivery prices for main steel products. Baosteel's pricing strategy usually sets the tone for the rest of the market.
It is reported that Gerdau, the biggest producer of steel long product in Brazil, is expecting some recovery in steel demand in Brazil by 2016 due to weak economy activity and uncertain scenario in the short term.
[Ferro-Alloys.com]As we can see clearly from the chart, HBIS put bidding price on silicon manganese a gradual slide since 2014 except June which makes alloy suppliers suffer greatly. In fact, the average bidding price of HBIS on silicon manganese for the whole...
Iron ore imports are expected to grow 6.4 percent year-on-year to around 1 billion metric tons in China during 2015, driven largely by lower commodity prices and growth in domestic demand, industry experts said on Wednesday.
After a 4% slide in the iron ore price on Nov 18th, another selloff on Nov 19th brought losses for the week to over 7% as negative sentiment swamps the market for the steelmaking raw material.