The total trading volume of 2403 contract on the exchange was 109491 lots, with a turnover of about 3653.5696 million yuan.

Finished Import Market Share YTD at 21%

In the week ending on January 6, 2024, domestic raw steel production was 1,707,000 net tons while the capability utilization rate was 76.9 percent.

For the calendar year ending December 31, 2023 Ramu produced 33,604 tonnes of nickel and 3,072 tonnes of cobalt contained in mixed hydroxide precipitate (“MHP”), exceeding Ramu’s design capacity for a 7th consecutive year.

The world stainless association has released figures for the first nine months of 2023 showing that stainless steel melt shop production increased by 2.5% year–on–year to 42.6 million metric tons.

Nickel trended down in 2023 as lower demand and higher supply created price pressure. Here's a look at the main trends that impacted the market over the course of the year.

Nickel trended down in 2023 as lower demand and higher supply created price pressure. Here's a look at the main trends that impacted the market over the course of the year.

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