Tenova has received a new contract for the supply of a Decarburization and Coating Line from NLMK Group’s VIZ-Stal for its plant in Ekaterinburg in Russia.

Global crude steel production in May increased by 16.5% year-on-year

China’s total output of high-carbon ferro-chrome was approximately 490,000 tonnes in June.

Price assessment for ferro-silicon 75% Si min, cif Japan widened upward to $1,900-2,000 per tonne on June 30, up by 1.31% from $1,900-1,950 per tonne on June 23.

The 2109 ferrosilicon contract price on ZCE closed at 8282

The high-grade manganese ore market rose as a result of buyers booking August-shipment material at higher prices compared with the previous month.

The company plans to ramp up its production in stages, given the constrained manpower environment and its focus on prioritising employee safety.

News that several major producers had withdrawn from spot trading due to supply shortages has further strengthened China’s spot ferro-chrome market, sending spot prices in the week to Tuesday June 29 to their highest point since April.