As debate rages in the Philippines about the banning of ore exports, nickel prices have been yo-yoing, with concern fluctuating between panic over stocks and assurances that there is enough of the metal to go around.
The value of the Chinese currency renminbi, or the yuan, strengthened by 95 basis points to 6.1425 against the U.S. dollar in its central parity on Sep 10th, indicated the China Foreign Exchange Trading System.
[Ferro-Alloys.com]Chinese FeV50 was offered at RMB79,000-80,000/mt (USD12,950-13,114/mt, export duty excluded) by acceptance, unchanged from last week. Downstream steel mills enhanced tender price of FeV50, albeit at a slow rate. Major mills’ purchase price o...
[Ferro-Alloys.com]Overseas moly oxide price edged down, transacting at USD12.7-12.8/lbMo. As operation rate of steel industry improved after the summer vacations, the demand for raw materials has recovered much. Exporters received more inquiries, but bids were...
Tata Steel expects to commence work on its ferro-alloys plant at Gopalpur in south Odisha by March 2015, which is also the timeline for commissioning of its three million tonne steel capacity at Kalinganagar where the company is putting up a six mtpa steel pla...