[Ferro-Alloys.com] It was reported that on June 3, US International Trade Commission (ITC) had voted unanimously whether steel rail tie wire from China and Mexico have injured the US industry or not.

Mini-factory used to produce various alloy cored wires

[Ferro-Alloys.com]Chinese FeV price kept steady, as steel mills’ tenders increased in late month. Bids for FeV50 were as high as RMB-/mtby acceptance, which sustained FeV market to some extent.

[Ferro-Alloys.com]Chinese FeMo price steadied, and the deals were adequate. Producers boosted their confidences in the domestic moly market, and rejected to drop offers, so steel mills were forced to raise tender price.

Its York project is a quality project led by 'quality' management, reckons the broker, which says the shares have significant upside on a 12 month view if it can deliver permitting and initial funding to its expected time frame.