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Kabanga towards world’s largest nickel deposit
British miner Kabanga Nickel, formerly known as LZ Nickel, has signed a framework agreement with the Tanzanian government to develop the world's largest nickel sulphide deposit in the northwest of the country. As part of the agreement, the parties have set up a joint...
US ferrous scrap exports slip in November 2020
US ferrous scrap exports declined marginally on a monthly basis in November 20. The US exported 1.45 million tonnes in November, down 1% from 1.47 million tonnes in the previous month. Tight availability amid lower harvest rates due to winters led to a decline in...
China’s crude steel production hits new high at 1.05bn
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Japanese domestic scrap prices fall
Ferrous scrap prices in Japan underwent a downward correction in mid-January, after trending upward since July, as domestic Kanto steel mills around Tokyo cut scrap procurement prices by $9.6-19.3/tonne from 11 January to cool market frenzy. Tokyo Steel Manufacturing,...