June 2018 | Steel Raw Materials
Environmental crackdown in China spurs spike in APT, FeSi prices: Ferro-alloy Market Analysis
Potential tightness in supply led by environmental checks has sparked buying in the market with end-users aiming to stock up on more ferro-silicon before supply gets too tight.
Manganese ore prices harbor significant downside risk amid thinning trades. Although prices for both low-grade (37%) and high-grade (44%) ores have increased 13 cents each to $6.23 and $6.63 per dmtu, respectively, cif Tianjin this week, limited deals were concluded as buyers resist. Chinese crude steel production has been surging among the major mills with the monthly total of CISAs three, ten-to-eleven day estimates moving well over 60M tonnes for the first time last month. So far in...
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