Industry News

Indian ferrochrome supplier cuts prices again
Indian ferrochrome supplier cuts prices again
Jul 14, 2023

Insufficient demand from China has led to another drop in Indian ferrochrome prices. Prices in the Indian domestic market have also declined.The quotation for Indian high carbon ferrochromium (60% Cr;...

Electricity prices rise, Indian Face Alloys will shut down a ferrochrome factory
Electricity prices rise, Indian Face Alloys will shut down a ferrochrome factory
Jul 14, 2023

According to the information received by Hainan West Asia, on July 3, Mumbai, India's Face Alloys Company was preparing to stop its ferrochrome plant in Vizianagaram, Andhra Pradesh, because the incre...

Weak construction output hampers European aluminum, steel markets
Weak construction output hampers European aluminum, steel markets
Jul 13, 2023

Slowing demand for construction materials continues to affect prices and premiums in European aluminum and steel marketsAluminum steel base metalEuropean aluminum and steel market prices and premiums...

European base alloy market begins to calm down in summer
European base alloy market begins to calm down in summer
Jul 07, 2023

The third quarter contract for silicon manganese in the European market is about to end, and as summer vacation approaches, spot trading is gradually fading. With an oversupply of alloys (especially d...

Chromium Ore Market Analysis
Chromium Ore Market Analysis
Jun 30, 2023

According to the statistics of import and export in West Asia on June 25, the price of chrome ore futures continued to drop sharply this week by 10-15 US dollars/ton CIF, and the spot price remained w...

Turkey's chrome ore market is pessimistic
Turkey's chrome ore market is pessimistic
Jun 30, 2023

As China's ferrochrome prices continued to fall, Chinese consumers continued to be bearish towards Turkey's chrome ore, prompting some Turkey's lump ore suppliers to adjust their prices.Lump ore (40...

EU steel demand will rebound in 2024
EU steel demand will rebound in 2024
Jun 21, 2023

The European Steel Association recently released a research report predicting that by 2024, EU steel demand will increase by 5.4%. Although there are still many uncertainties in the Economy of the Eur...

China's import and export of silicon-manganese in May 2023
China's import and export of silicon-manganese in May 2023
Jun 21, 2023

According to the understanding of Hainan West Asia Group.In May 2023, China imported 1735 tons of silicon-manganese alloys, an increase of 542.59% compared with April. The imports came from Bhutan, My...

Exports of ferrosilicon increased slightly
Exports of ferrosilicon increased slightly
Jun 21, 2023

According to customs data, in May 2023, China's silicon content is greater than 55%, and the export volume of ferrosilicon is 40,387.563 tons.An increase of 4449.323 tons from April, an increase of 12...

EU molybdenum product prices fall again
EU molybdenum product prices fall again
Jun 15, 2023

According to information obtained from Hainan West Asia, EU molybdenum product sellers have failed to maintain price growth, and demand has sharply decreased since the beginning of summer. Market part...

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