All 7 450m3 blast furnaces in Tangshan City are eliminated

The contradiction between supply and demand in the steel market will be further eased

Although the loss suffered by ferrochrome company Merafe Resources decreased in 2020, its electricity risk remains and its logistics challenges are intensifying.

The firm is still investigating a high gas level incident that closed Moranbah North on 20 February.

Australian iron ore exploration spending rose to A$395.5mn in 2020 from A$349.6mn in 2019 and A$300.9mn in 2018.

The lack of availability in high vol A is expected to lend support to miners with high vol B volumes to offer.

Chinese ferro-molybdenum prices are expected to hold firm in the near term in view of higher concentrate feedstock costs and strong demand from steelmakers, according to market participants.

The new offer for HDG, with immediate effect, will be €900/t base, while CRC will be offered at €870-880/t.