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Daily Archives: 04.09.2019

GLOBAL FERRO-SILICON WRAP: Chinese market weakens further on soft demand

NewnewsBy admin04.09.2019Leave a comment

Recent losses in the Chinese ferro-silicon price deepened over the past week in line with persistently softer demand, while the European market was steady, although a lack of buying interest was expected to weigh on prices in the near term. Export price in China drops on weak buying interest while domestic market tracks trend European…

Rising Raw Material Costs Eat Into Chinese Steel Makers Profits

NewnewsBy admin04.09.2019Leave a comment

Xinhua reported that Chinese steel plants reported shrinking profits in the first seven months of this year as rising raw material prices hit. Member enterprises of the China Iron and Steel Association raked in about USD 339 billion in sales revenue during this period, up 9.75%, while profits fell by 23.93% YoY to stand at…

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