[Ferro-Alloys.com]China imported 231,378 tonnes of ferrochrome in March 2016, up 49% from 155,226 tonnes in previous month

[www.ferro-alloys.com] LME nickel average price was above USD9,000/ton last week. The highest level reached to USD9,359/ton which means nickel prices rebound. In addition, the scrap purchasing prices keep increasing. Mills are difficult to have stable supply o...

“The User Committee is an integral and unique part of the way the LME operates,” says Garry Jones, LME CEO. “It acts as a sounding board on LME services for the Exchange’s users, and advises the LME on strategic issues.”

[www.ferro-alloys.com] According to the Japan Iron and Steel Federation (JISF) statistics, 2015/16 fiscal year (ending March 2016), Japan’s crude steel production was 1.04 billion tons, down by 5.2% year on year.

[www.ferro-alloys.com] Chile National Price Distorted of Investigation Commission (CNDP) proposed that the Chile government imposed 38.9% of protection tax on imports of wire rod.

[www.ferro-alloys.com] Russia Magnitogorsk steel works (MMK) released revenues statement in 1st quarter this year, MMk’s crude steel production reached 3.02 million tons, an increase of 4.4% year on year.

[www.ferro-alloys.com] China’s steelmaker Jiangsu Shagang Group has announced its price list in the domestic market for mid-April. The company decided to hike its prices for rebar are at RMB550/ton. Those for wire rod prices up by RMB450-550/ton.

[www.ferro-alloy.com] Ferronickel (10-15%) marketing is still quoting at a high price with a tight supply and a difficult purchasing for steel plants.