In late May, capacity utilization rate of silicon metal went up continually. It’s known that most Si plants had reworked in Sichuan province

[Ferro-Alloys.com]It is reported that Shagang Iron and Steel Group also released initial bidding price on silicon manganese for June purchase.

[Ferro-Alloys.com] It is said that Hebei Iron and Steel Group already settled bidding price for manganese alloy in June. Silicon manganese 6517 was edged up to RMB6,650/mt with more or less 30,150 tons from RMB6,600/mt.

[Ferro-Alloys.com] In China, the spot market of chrome ore was generally stable although demand of Turkish and Indian Cr powders had been increasing during the past few days.

[Ferro-Alloys.com]For the tight supply of nickel, international major steel mills had largely improved the factory price of June. For example, Yieh United Steel Corp (Yusco) had pulled up the 300 series stainless steel price by RMB1860/mt (in Chinese market), ...

[Ferro-Alloys.com] In the end of May, the ferrochrome market in Europe generally kept stable although HC ferrochrome in the local slightly weakened. Ferrochrome (Cr 60-65% C6-8%) was offered at USD.../lb Cr while material with Cr60-70%,C0.1% was at USD.../lb C...

[Ferro-Alloys.com] Imported ferrochrome market was under much pressure in China as innder ferrochrome market weakened continuously. However, the Indian suppliers see up for the future market due to termination of some chrome, iron, and manganese exploitations.

[Ferro-Alloys.com] In end May, the crazy nickel ore market in China grandually calmed down due to buying from purchasers decreasing.