Transnet to unlock 800kt/y in chrome ore exports after signing rail deal with Mozambique

Iron-ore and steel prices tumbled on Friday as prospects of a sharp global economic downturn fanned fears of a slump in demand for commodities, despite signs of a rebound in manufacturing activity in top metals consumer China.

The 2209 ferrosilicon contract price on ZCE closed at 7920 yuan per ton on July 4.

Australia’s resource and energy export earnings are estimated to be worth A$405-billion in 2021/22, and are forecast to rise to A$419-billion in 2022/23, delivering two successive record years, the Office of the Chief Economist reported on Monday.

In April 2022, Thailand imported 2080.022 tons of ferrosilicon (Containing by weight more than 55 % of silicon).

From January to April 2022, Thailand imported 10136.184 tons of ferrosilicon (Containing by weight more than 55 % of silicon).

American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,736,000 net tons (NT) of steel in May 2022.

In the week ending on June 25, 2022, US domestic raw steel production was 1,750,000 net tons while the capability utilization rate was 80.2 percent.