Publications - Weekly Market Updates 2018 (Available for ICDA Members only)

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N°305 - 15th January 2018
Global Market Outlook
 

"Chinese government announces plan to cut overcapacity in steel, cement and plate glass industries (ChinaDaily):
According to Economic Information Daily, citing announcements made last Monday by the Ministry of Industry and Information Technology (MIIT), the Chinese government has released new policy to ensure zero growth of production capacity in the steel, cement and plate glass industries and to continue capacity replacement measures this year.

In the environmentally sensitive areas of the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Pearl River Delta, steel plants should reduce at least 1.25 tons of outdated capacity for every 1 ton of new capacity and in other areas outdated capacity decrease should surpass new capacity increase..."

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N°304 - 8th January 2018
Global Market Outlook
 

"Chart 1 shows that Chinese Cr ore stocks at its ports were up by 1.5% last week, remaining over 2 Mt and rising to 2.27 Mt. ...Charts 2 and 3 - Last week, all Cr ore and concentrate prices were up, except for South African lumpy prices (dark red curve) which remained flat according to FerroAlloyNet..."

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N°303 - 18th December 2017 
Global Market Outlook
 

"Balasore Alloys to invest in ZimAlloys (The Herald)

According to The Herald, Balasore Alloys concluded a $100 million investment deal with ZimAlloys. The creditors of the Zimbabwe FeCr producer, who had been under judicial management, approved the deal and ZimAlloys should start operations in the next 18 months. BalasoreAlloys has committed itself to settling ZimAlloys’ $50 million debt owed to creditors. It has also planned to revive the furnaces, refurbish smelters, construct mortal recovery plants and washing plants at ZimAlloys. Reggie Saruchera, judicial manager for ZimAlloys, said the company will re-hire its former employees and said that they were working to operationalize ZimAlloys: “the blast furnaces are expected to be refurbished to become full operational within a period of up to 18 months..."
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