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HC Ferrochrome Prices Waiting for New Tender Price(Dec 14th-Dec 18th)

[Ferro-Alloys.com]High-carbon ferrochrome prices remained stable last week. The ferrochrome traders are suffering a difficult time when the tender prices from stainless steel mills get closer to the production cost for most producers and some producers in Nort...

Monday, December 21, 2015

Odisha Mining Revenue up 25% in April-October

Odisha's mining revenue grew 25.34 per cent in the April-October period of this fiscal to Rs 2,944 crore compared to Rs 2348 crore in the year-ago period.

Friday, December 18, 2015

Weekly Stock of Chrome Ore in China's Main Ports (18-Dec-15)

Weekly Stock of Chrome Ore in China's Main Ports (18-Dec-15)

Monday, December 21, 2015

China's spot price of iron ore drops

The spot price of iron ore fines 62% to China is being offering at US$38.37/ton, dropping by US$0.31/ton or 0.8% from the previous price. The average price of iron ore was US$39.3/ton in the month. Meanwhile, the China Iron Ore Price Index (CIOPI) decr...

Friday, December 18, 2015

China’s crude steel output reduces in Jan-Nov

According to the National Bureau of Statistics (NBS), China’s crude steel output reached 738.38 million tons in the first eleven months, dropping by 2.2% year on year, which is in line with market participants’ expectations. Meanwhile, China’s pig iron ...

Friday, December 18, 2015

Yildirim Will Cut 250kt Chrome Ore from January

Yildirim Group will suspend 250,000 tonnes of chrome ore production in Turkey from January 2016, because of low prices, the industrial group announced on Thursday December 17. Unprofitable mines in Kayseri, Hatay, Elazig, Konya and Fethiye will close due to...

Friday, December 18, 2015

Glencore Shares Soar as Company Spurts Cash, Reports “good” China Sales

The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capi...

Friday, December 18, 2015

Zimasco Signs $12m Lease Agreement

At full throttle, Portnex International is expected to process 240 000 tonnes of raw chrome per annum which translates to 100 000 tonnes of ferrochrome over the same period. THE country’s biggest ferrochrome smelter and miner, Zimbabwe Mining and Smelting Com...

Friday, December 18, 2015
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