Taigang Stainless Steel, the largest stainless steel producer in China announced to leave its list prices for all stainless steel products unchanged for July contracts.

It was acknowledged that Indian government had decided that on July 10th, 2014, they would pull up the import tax of Stainless steel flat products from 5% to 7.5%.

[Ferro-Alloys.com]Chinese W concentrates stabilized at RMB-/mt by acceptance

[Ferro-Alloys.com]Chinese FeW was offered at RMB-/mt by acceptance.

LME nickel inventory made a record of 306,828 tons at the time of trade closing on July 8 (= at the time of trade opening on July 9), and updated an all-time high record.

[Ferro-Alloys.com] Poor demand on non-standard silicon manganese failed to improve as steel mills and foundries in equipment inspection in summer.

More Si Furnaces into Operation in China

The July 2014 bids for ferrosilicon had closed and most steel mills didn’t reduce purchase volume as predicted. What’s more, most steel mills raised purchase prices of ferrosilicon for July 2014 delivery in China, with China’s northern and northeastern ste...