Luhut Binsar Pandjaitan, Coordinating Minister of Maritime and Investment, is set to hold discussions with the International Monetary Fund (IMF) regarding the IMF’s request for Indonesia to reconsider its ban on nickel exports.

ArcelorMittal, Europe's largest steelmaker, says the process to shut down the French steelworks is "well under way", with the process taking 6-8 weeks in total owing to its complexity.

European DRI capacity is expected to rise to around 40mn t/yr in Europe from under 1mn t/yr at present as the steel sector looks to curb emissions.

The 2306 ferrosilicon contract price on ZCE closed at 7044 yuan per ton on July 3.

The rally in prices earlier this year saw some marginal producers look to restart but rising costs and the easing of prices through April-May scuppered most plans.

Sales of the products in May increased by 26.08% month-on-month to 927,618 tonnes but were unchanged compared to the same period last year.

Japan’s EV ambitions pose battery recycling conundrum

In the first half of 2023, the domestic ferrosilicon market weakened as a whole.