A comparison of shipments year-to-date in 2024 to the first four months of 2023 shows the following changes: cold rolled sheet, up 4 percent, corrosion resistant steel, down 2 percent and hot rolled steel, down 2 percent.

Cornish Metals has signed a binding letter of agreement to sell its 100% interest in the Nickel King and Opescal Lake properties (together called Nickel King Property) to Northera Resources for a total consideration of up to C$8m ($5.8m).

Pig iron, also referred to as crude iron, is an intermediate product used in the iron industry for steel production. It is created by smelting iron ore in a blast furnace.

STEELPOORTDRIFT VANADIUM PROJECT UPDATE

Surge in Chinas steel production marks biggest monthly rise in over a year

After the festival, calcium metal market supply and demand are in a relatively stalemate situation.

Zimbabwe’s ferrochrome miners, the nation’s biggest electricity consumers, have agreed to build their own power plants over the next two years as the government seeks to balance energy demand.

Global nickel prices may have hit a floor, according to a Macquarie analyst who sees a market recovery driven by strong demand from the steel sector and as a surplus of ore supplies shrinks after Indonesia slowed production permits.