Producers have struggled to source enough hot-rolled coil feedstock because of surging prices amid supply tightness.

Indonesian President Jacques Zoko said, in view of Indonesia’s largest nickel reserves in the world, it is hoped to focus on the development of downstream nickel industry in the next five years.

India’s ferroalloy exporters are still unaware of the benefits of india's new export tax rebate policy, which came into effect on January 1st, because the government has failed to fix new export tax rebates.

Posco on 16 December secured only about 1,000t of the material, while it planned purchase 5,244t for January delivery.

Exceptionally cold weather and low nuclear availability are likely to have lifted Japanese coal-fired generation to at least a four-year high in December.

Russia's government has increased the country's duty on ferrous scrap exports, effective from the end of this month.

Turkish coal-fired power output is likely to remain firm in the first quarter as coal units have extended their price advantage against gas-fired plants.

US hot-rolled coil (HRC) prices continued their upward march with mills securing higher sales and aiming for even higher levels.