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ferro
Ferro Alloy

Europe’s ferro chrome consumption set to rise 10% by 2026, say experts at ICDA’s Chromium 2024

The global ferro chrome market will see steady demand, especially in Europe, where consumption is projected to rise 10% by 2026, said industry experts at Chromium 2024, a two-day conference held by the International Chromium Development Association (ICDA) in Cape Town, South Africa, on 6-7 November 2024. BigMint shares key insights from the summit below. […]

scrap
Scrap & Metalics

South Korea: Ferrous scrap inventory remains stable w-o-w amid price cuts

SteelDaily: This week, the combined ferrous scrap inventory of eight major South Korean steel mills remained largely stable. There was a marginal hike, which could be attributed to cuts in scrap procurement prices nationwide. The lower prices led to slightly higher inventory levels, as steelmakers stocked up on scrap. Stocks were up marginally by 0.5% to […]

steel
Steel

China: BF mills gain profits on steel sales in Oct’24 despite higher production costs

Mysteel Global: Chinese blast-furnace (BF) steel mills managed to earn some profits on their steel sales in October, though their production costs moved higher with the climb in prices of major steelmaking raw materials, according to Mysteel’s latest monthly survey of the 91 BF mills it tracks. Last month, although the sampled steelmakers’ average profit on […]

ore
Others

India: Imported manganese ore prices inch up w-o-w on lower cargo arrivals

Imported manganese ore prices have recently seen a slight increase after a period of stability despite softening demand for manganese alloys. Market overview Global manganese ore prices rise: The downstream manganese alloys market is currently characterised by uncertainty, leading to a cautious sentiment. Participants are adopting a wait-and-see approach due to fluctuating demand. To counter low […]

Steel

China weekly: Steel prices fall w-o-w on decline in SHFE futures

The Chinese steel market faced a significant decline, following the downward trajectory of Shanghai Futures Exchange (SHFE) prices. Domestic steel products, including billets, hot-rolled coils (HRC), and rebars, witnessed w-o-w price drops. Additionally, prices of key raw materials like iron ore and coking coal, also decreased. The average daily crude steel output of CISA-affiliated mills […]

ship
Others

South Asia: Bangladesh’s ship recycling market recovers but India, Pakistan slow down

This week, the South Asia ship recycling markets showed mixed trends. India’s market slowed due to a scarcity of tonnage and competition from Bangladesh, which surpassed India in vessel pricing. Pakistan’s market struggled, with nil activity at Gadani, hindered by economic instability and a dollar shortage. Meanwhile, Bangladesh showed signs of recovery, with several Panamax […]