The imbalance of global steel supply and demand brings opportunities for exports in the second quarter

Tangshan Heavy Plate issued Primetals Technologies with the Final Acceptance Certificate in March 2021

Whether the ferro-chrome market rises further remains to be seen.

“Port prices have not responded to rising seaborne prices, so that’s put a cap on things,” the same source said.

One reason behind this bearish view is the weakness exhibited in nickel futures in recent days.

Bloomberg reported that China has stepped up its campaign to rein in commodity prices

Panzhihua Iron and Steel Supplying Rails to Mexico's Mayan Railway

China’s domestic magnesium price increased sharply after authorities in Zhongwei - a key ferro-alloy production hub in Ningxia Hui Autonomous Region - issued a production cut notice due to high energy-consuming enterprises on Thursday June 3.