LME nickel price trend on October 14th

Steel inventories at member mills of the China Iron & Steel Association (CISA) and in the spot market both increased in early October.

The 2101 ferrosilicon contract price on ZCE closed at 5916 yuan per ton on October 15.

In the same period, imports of soybeans rose 15.5 percent, pork imports grew by 132.2 percent and beef imports increased 38.8 percent.

The Nigerian government on Tuesday launched the commercial operation of the Itakpe-Ajaokuta-Warri railway.

Steel inventories at member mills of the China Iron & Steel Association (CISA) and in the spot market both increased in early October.

The 2101 ferrosilicon contract price on ZCE closed at 5912 yuan per ton on October 14.

JSW’s operational performance improved with the European steel market slowly recovering from the effects of the Covid-19 pandemic.