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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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January 2015 | Steel Raw Materials


Ferro-alloy demand and prices retreating: Ferro-alloy Market Analysis


Chinese spot market prices for ferro-silicon 72% grade have fallen to RMB4,800-5,000/t ($769-801/t) ex-works on the spot market in response to weak consumer demand.

Shagang Group, the biggest private steelmaker in China, has started a round of monthly raw material purchases in February. The company is planning to cut its buying volumes for ferro-alloys amid the sluggish steel market. It is planning to buy 12,000 t of silico-manganese in February, a fall of 4,000 t from the month before. It is planning to buy 800 t of medium-carbon ferro-manganese, a drop of 200 t from January, while it wants to buy 500 t of low-carbon ferro-manganese next month, off 100 t. The steelmaker is also planning to buy 4,000 t of...

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