Steel prices are expected to rise again soon.

With the rapid development of ferro-alloys futures trading, Chinese steelmakers are increasingly using the newly-introduced futures-spot basis pricing pattern to hedge risk, according to Hao Zhu.

Inner Mongolia is by far the biggest in terms of market share in the first four months of 2023, with 36.34%, while Ningxia was second on 12.24%.

“Tsingshan may [bring an] additional 0.4 million tonnes of ferro-chrome capacity into production in the second half of 2023 and it will need less imported ferro-chrome, but more chrome ore,” Zhang said. He said that would lead to “a change in global ferro-c...

Ferro-alloys is a highly energy-intensive industry and one of the key sectors attracting the attention of government departments and industry market participants over its progress in terms of its green development.

China’s ferro-silicon market has displayed weak momentum since the beginning of 2023, with decreasing supplies and demand between January and May 2023.

Mining and commodities giant Glencore (LON: GLEN) has offered PolyMet Mining (NYSE: PLM) (TSX: POM) to buy the company’s shares it does not already own for $2.11 in cash each, or about $71 million.

Tata Steel's NINL plant reaches 100% capacity utilisation within 1 year of acquisition