News

Continued downturn in the ferrosilicon market in the second half of the year can usher in a turnaround
Jul 21, 2023

China's exports of ferrosilicon fell 26 per cent in June, according to Chinese customs data. Overseas demand is sluggish, and in the case of an overall downward trend, the price of ferrosilicon 2023 f...

Export downturn, freight rates plummeting! India even experienced negative shipping costs
Jul 21, 2023

According to the information received by Hainan West Asia, for the major Asian transit ports from India to Port Klang and Singapore, the sharp decline of container trade after the epidemic seems more...

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
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
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
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...

Instructions on Hainan Visa free Entry
Aug 02, 2023

Hainan West Asia Group is located in the beautiful Hainan Island, which is located in the central part of the South China Sea and is a province at the southern end of China. Due to its beautiful natur...

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
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
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...

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