This week, trading has remained week in the European market for molybdenum products, the number of inquiries for ferromolybdenum shipments growing. FeMo (60-70% Mo) are voiced at $31.9-32.3/kg Mo FCA Rotterdam ($31.9-32.5/kg Mo FCA Rotterdam last week).

In total, the operating rate in South areas were better than that of north areas. Even though the capacity release rate recovered slightly, the production were still highly restricted by the nickel ores supply and the poor market. In Shandong province, the str...

In recent week the high carbon ferrochrome totally declined by RMB50-100/mt along with the new round of purchase of steel mills. Now the mainstream price of Domestically produced FeCr was RMB6200-6450/mt. the import FeCr price stayed stable as India ferrochrom...

China's top steelmaker, Baosteel (600019.SS), lagged market forecasts with a 97.7 percent drop in first-quarter net profit, as global demand weakened for products from cars to industrial machinery.

This week the chrome ores quotes in Chinese spot market did not change much while some mines’ trading price, like Turkey Cr ores concentrates, decreased by RMB0.5/mtu. As the poor condition of Chinese FeCr market had last for a long time, the Cr ores futures ...

Glencore’s ferro-nickel Falcondo mine’s fate in the Dominican Republic is more uncertain than ever as the country’s legislators approved this week a ruling that declares the region surrounding the mine a national park.

It was reported that Taigang Stainless Steel Company registered a profit of CNY 385 million during the first six months of the year, up 15.42% YoY.

Futures price of low-grade nickel ore falls by around USD4.00 this week. Currently, futures price for nickel ore (Fe50%, water33%) is quoted at USD27-29/wet mt, nickel ore (Fe49%, water33%) at USD26-28/wet mt, and nickel ore (Fe48%, water33%) at USD25-27/wet m...