Nickel price trend on May 27th

Net profit after tax 52.91 billion rupees ($700.46 million), down 35% year on year.

Eastern China (Shanghai): 3,520-3,550 yuan ($493-498) per tonne, down by 20 yuan per tonne.

The 2009 ferrosilicon contract price on ZCE closed at 5910 yuan per ton on May 27.

The last time output fell to a similar level was in June 2009, when the output was 2.60 million tonnes, WV Stahl added.

Steelmaker ArcelorMittal is to receive a €75 million ($82 million) loan from the European Investment Bank (EIB) to be used on its projects intended to reduce carbon emissions.

The Singapore rebar import market is still experiencing limited spot trading despite the gradual restart of the domestic construction industry.

China ferrosilicon (¡Ü55%) exports in April.