UMETAL-CHINA, China's pig iron output in April decreased slightly, compared with that of March while its daily output on average hit historically high, according to the fresh statistics released by China's National Bureau of Statistics (CNBS).
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UMETAL-CHINA, After the earthquake, ferrosilicon (FeSi) price in northwest China has been prevailingly marked up. Offers of FeSi75 have approached RMB9,000/ton (tax included), FeSi72 at RMB8,500/ton and FeSi70 at RMB8,300/ton.
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UMETAL-CHINA, Traders' confidence in HRC spot market has been affected by HRC price slump for long-term contracts. The transaction price for HRC in Shanghai market drops RMB20-30/ton under the price cut by some traders.
HRC stock in Shanghai area is ...
UMETAL-CHINA, The Baltic Capesize Index (BCI) yesterday peaked at 16,357 after hitting a record 16,256 on November 15, 2007. Meantime ocean freight rates on the Tubarao, Brazil-Beilun/Baoshan route have come to $100.625 for the first time as they show in the graph below. Although...
UMETAL-CHINA, China Iron & Steel Association (CISA) issued the following statement May 15 on behalf of 21 Chinese steel mills those who signed long-term contracts with Rio Tinto for iron ore supply in the calendar year 2007:
1) In CY 2006, ...
