Turkmenistan announces plans for a ferroalloy production plant, including ferrosilicon, silicon carbide, and technical silicon.

Iron ore pellet production is likely to reach an all-time high in FY24 supported by strong domestic demand and pick up in exports.

Saudi Arabia is making a strategic investment of $12 billion in ferrous metallurgy, expecting a significant 2.5-fold increase in steel consumption.

In addition, the package also includes import ban on copper, nickel, aluminum, zinc, manganese and articles thereof.

The plant, which is expected to be completed by 2025, involves a substantial investment of over 113 billion tenge (approximately $245 million).

S.Africa's Exxaro to sell ferroalloys unit by end-June 2024

The current market scenario is expected to remain same for some time reflecting soft demand of Ferro Alloys against minimum production of steel in the market. On the other hand, selling price is lower than the costing of Ferro Alloys due to high production c...

Weak manufacturing hurting European commodity markets.