June 2014

Pressure builds on SiMn smelters as Hebei Steel alters payment terms

A change in payment terms by China’s Hebei Steel Group is putting pressure on the country’s manganese alloys smelters who are already under capital constraints, sources said.

MANGANESE ORE INDEX: Prices stable ahead of July alloys prices

Manganese ore prices were relatively stable in China on Friday June 27 as market participants awaited manganese alloys purchase prices from stainless steel mills.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

China’s manganese ore imports slip in May

China’s manganese ore imports fell 7.9% year-on-year in May as the alloys market remained weak.

FACTS: China's ferro-alloys imports in May

A quick summary of China’s ferro-alloys imports in May.

MANGANESE ORE INDEX: Prices reverse gains as buyers point to high stocks

Manganese ore prices reversed recent gains on Friday June 20 as some buyers managed to secure material at slightly lower prices amid high stocks and continued weak demand.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

UPDATED: Assmang declares force majeure on chrome ore deliveries after employee is killed

South African ferro-alloys company Assmang has declared force majeure on chrome ore deliveries after one of its security guards was killed by a truck outside its Dwarsrivier Mine.

Strike action begins at Afarak's Turkish chrome mines

Turk Maadin Sirketi has shut operations at its Tavas and Kavak chrome mines in Turkey due to strike action, parent company Afarak has announced.

MANGANESE ORE INDEX: Prices keep rising as producers stand firm

Manganese ore prices inched up in China on Friday June 13 as most overseas miners held or slightly raised offers and aggressive bidding by buyers dwindled further.