LME nickel price trend on November 30th

The 2101 ferrosilicon contract price on ZCE closed at 6160 yuan per ton on November 30.

Australian mining firm Mineral Resources (MinRes) plans to ramp up its iron ore export capacity in Western Australia (WA) to 92mn t/yr over the next 3-5 years.

Japanese steel manufacturer JFE Steel has secured funds to invest in Chinese speciality steel bar company Baosteel Special Steel Shaoguan (BSSS).

Iin October, 2020, there were 1732.14 tons of ferrosilicon (≤55%) exported from China.

US automotive producers and other steel-intensive manufacturers are facing a supply shortage which could potentially lead to production shutdowns or reductions, according to numerous market sources.

Japanese steel manufacturer JFE Steel has secured funds to invest in Chinese speciality steel bar company Baosteel Special Steel Shaoguan (BSSS).

"We're going to go into December probably busier than we've ever been," the first buyer said.