28
Mar
11:50
Global Ferronickel signs deals for 90% of output
The Philippine’s Global Ferronickel Holdings has signed deals with three Chinese buyers to deliver 4.5 million wet metric tonnes of nickel ore in 2016 at spot prices, it says. The company recently cut its output forecast because of low prices but now says output could increase if prices rise, Kallanish notes.
The deals announced Monday account for 90% of its planned 5m wmt output for 2016, although the company produced 5.4m wmt in 2015. China&rsq…
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Anonymous
Very good overview of the weekly steel market.
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