Industry News

South Korea's imports of high carbon ferrochrome increased by 10% in Jan-Feb 2023
South Korea's imports of high carbon ferrochrome increased by 10% in Jan-Feb 2023
May 22, 2023

According to the information received by Hainan West Asia in April 2023, South Korea imported about 41,829 tons of high carbon ferrochrome, South Korean steel mills began to forge a large number of st...

International price of ferro molybdenum
International price of ferro molybdenum
May 12, 2023

The international molybdenum price has continued to rise.In the previous period, the international molybdenum price fell sharply, and a large number of holders sold their goods, resulting in a shortag...

India: Silico manganese prices remain range-bound amid low demand
India: Silico manganese prices remain range-bound amid low demand
May 12, 2023

According to the information hainan west asia has received:Silico manganese prices remained range-bound last week due to lower-than-average local demand. low trade volumes of about 1,700 tonne (t) of...

Silicon Carbide| Chinese Silicon Carbide supply to Infineon Germany
Silicon Carbide| Chinese Silicon Carbide supply to Infineon Germany
May 12, 2023

Infineon, an internationally renowned semiconductor technology company headquartered in Munich, Germany, issued a communique saying that it has signed a long-term supply agreement with a Chinese silic...

Indian silicon manganese manufacturers forced to reduce production
Indian silicon manganese manufacturers forced to reduce production
May 12, 2023

Hainan West Asia Ferroalloy Group recently learned that the rise in electricity prices in Andhra Pradesh, India, had a negative impact on the silicon manganese manufacturers. Against the background of...

Ferromolybdenum| Brief Knowledge and Market Information
Ferromolybdenum| Brief Knowledge and Market Information
May 04, 2023

Introduction Ferromolybdenum is an alloying additive in the steel industry, which is composed of iron and molybdenum mainly. The role of molybdenum in steel can be summarized as improving hardenabilit...

Petroleum Coke Price In The Past Six Months
Petroleum Coke Price In The Past Six Months
Apr 27, 2023

According to the observation of Hainan West Asia Import and Export Group, in the past six months, the price of petroleum coke has plummeted from a peak of $745/ton in May 2022 to $237/ton in March 202...

Ferromolybdenum丨Soaring price of raw materials leads to confusion in the quotation
Ferromolybdenum丨Soaring price of raw materials leads to confusion in the quotation
Apr 27, 2023

Hainan West Asia Group Co. researched. In the early stage, the international molybdenum price fell sharply; the holders shipped large amounts of goods. The market was short of spot goods. As the decli...

Taiwan: On March 23, ferroalloy imports decreased by 29% year-on-year
Taiwan: On March 23, ferroalloy imports decreased by 29% year-on-year
Apr 27, 2023

According to data from Hainan West Asia Group, Taiwan's ferroalloy imports decreased by 29% to 22181 tonnes in March 2023 compared to 31406 tonnes in February 2023.Import of secondary goods-Silicon ma...

Afarak's FY2022 ferrochrome production up 170% year-on-year
Afarak's FY2022 ferrochrome production up 170% year-on-year
Apr 21, 2023

According to Hainan West Asia Group’s understanding. Afarak's FY2022 ferrochrome production up 170% year-on-year.South African ferrochrome producer Afarak has released its financial statements for 202...

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