Industry News

Ukraine: Ferroalloy exports decreased by 45% month-on-month in August In August 2023, Ukraine's ferroalloy exports slightly decreased. This month, compared to July, their ferroalloy exports decreased by 45% month-on-month to 12990 tons in August 2023.Compared to August...
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The import price of silicon metal in the Korean market has increased Hainan West Asia Group has learned that, supported by the recent upward trend in Chinese prices, the mainstream import price of silicon metal 4-4-1 in the South Korean market has increased by about 50...
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The price of Indian ferrosilicon (Si: 70%) has been rising in the past few weeks, but with increasing demand and limited supply of materials in the market, the price has increased by 1000 rupees（around 12usd） per ton. According to a survey by Hainan West Asia Group, the price of Indian ferrosilicon is 105000 Indian rupees per ton (around 1270USD) (EXW Guwahati). Approximately 600 tons of transactions were completed...
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Ukraine's ferroalloy exports increased significantly in July Despite the continued adverse situation in the international market, Ukraine's ferroalloy exports increased significantly in July.The export volume of Ukrainian ferroalloys in July was 236100 tons...
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EU ferromolybdenum prices hit a new high in last three months The prices of molybdenum products in Europe continue to rise, and the prices of ferromolybdenum continue to rise, accelerating the pace of appreciation. The quotation for ferromolybdenum (60-70% Mo) i...
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Indian ferrochrome sellers continue to cut prices China's price drop and a long-term lack of transactions, once again triggered a decline in Indian ferrochrome prices. Local demand is also not good enough to support prices. So far, Indian supplie...
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High carbon ferrochrome market analysis According to Hainan West Asia Group. Mainstream price of imported high carbon ferrochrome (USD/lb chromium, CIF): South Africa 0.97-0.98; India 0.97-0.98; Kazakhstan iron 1.04-1.07; spot mainstream pr...
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Ferromolybdenum prices consolidated. Buying is not very active. 1、Ferromolybdenum market consolidated at a high level. On June 29, the mainstream quotation was $34,500-$35,190/ton (FOB), down $207/tonne.There is not much trading in the market, and a small number o...
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Indian Ferrochrome Price Decline Again Ferrochrome prices in India fell due to lower Chinese quotations and still weak demand, including in the domestic market, where demand remains moderate. Only offers to Europe remained stable.Indian hi...
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Malaysia increases its share in the Japanese ferrosilicon market According to information received from Hainan West Asia, Japan continued to increase its imports of ferrosilicon for the fifth consecutive month in April, but the total supply has significantly decrea...
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EU Steel Consumption Predicted to Increase in 2024 The European Steel Association (Eurofer) reported that the consumption of steel within the European Union will rise by 5.4% in 2024. This figure is depend on the developments of industries. However, t...
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Damaged Kakhovka Reservoir in Ukraine, Steel and ferroalloy enterprises are greatly affected Russia's destruction of the Kakhovka Hydroelectric Power Plant dam in Kherson region has caused technological disasters, and has also affected Ukraine's mining and steel enterprises. Although the prod...
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Base alloy dynamics in the MENA region: Low consumer interest in sourcing manganese and silicon alloys in the MENA region this month against the backdrop of general unfavorable steel industry has put pressure on ferroalloy suppliers.Silicon...
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