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Tsingshan Shocked the Ferrochrome Market by Slashing the Tender Price Again

[Ferro-Alloys.com]Tsingshan Group cut its new tender price of high-carbon ferrochrome in January 2016 again, reflecting a great decline of 7.7%. Following the sharp fall of nearly 10% in December 2015, the price hit the "circuit breaker" for another time. Thes...

Thursday, January 14, 2016

Nickel Price Slumps to 12-year Low

Reuters reported that the nickel price hit its lowest level in 12 years on Tuesday on the back of concerns about high inventories. As of Tuesday, refined nickel inventories on the LME MNISTX-TOTAL were sitting at 437,334 tonnes, having risen 11 percent in the ...

Thursday, January 14, 2016

Sherritt Braces for C$1.6bn Impairment of Nickel Assets

Nickel miner and refiner Sherritt International Corporation has cautioned the market of an expected $2.4 billion impairment of the Ambatovy joint venture (JV) assets, in Madagascar, citing lower forecast nickel prices.

Thursday, January 14, 2016

United States steel company to delay new furnace project

United States Steel Corporation has announced to delay the construction of new furnaces at its Fairfield plant in Birmingham, Alabama (Fairfield). Because of the competition effect of falling demand for steel and oil and gas industries. New furnaces with a ...

Thursday, January 14, 2016

US’s steel exports fall in last November

US’s steel exports were 646,064 tons in November of last year, down by 9.29% month on month to 712,210 tons, down by 25.35% year on year to 865,436 tons. Among them, United States exported 330,330 tons of steel to Canada; exported 241,232 tons of steel to ...

Thursday, January 14, 2016

United States scrap exports fell in last November y-o-y

United States scrap exports were 874,687 tons in November of 2015, down by 5.25% month on month to 923,149 tons; down by 35.02% compared with 1,346,149 tons in November. Among them, United States exported 328,285 tons of scrap to Turkey, an increase of 27.2...

Thursday, January 14, 2016

Lundin Could Extend Life of Eagle Nickel in Michigan

Lundin Mining is developing a new nickel deposit that could extend the life of its Eagle nickel and copper mine in Michigan’s Upper Peninsula that ramped up to full production in 2015 and is expected to see output gradually decline from this year on, accordin...

Thursday, January 14, 2016

Planetary Resources Shows Off First-Ever Direct Metal Print from Asteroid Metals

Prospective space miner Planetary Resources has showcased the first-ever direct metal print from asteroid metals on Thursday at the Consumer Electronics Show, in Las Vegas, Nevada.

Wednesday, January 13, 2016
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