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A boom-time will come in another 2-3 years during which the steel industry will rebound and along with it will increase the consumption of ferro alloys. But the industry needs to give the present government another 2-3 years' time, an industry insider informe...

Minister of State for Steel and Mines Prafulla Kumar Mallick on Wednesday said that the inter-departmental committee on mines has recommended reopening of seven non-captive mines in the State.

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 136 million tonnes (Mt) in June 2015, a -2.4% decrease compared to June 2014.

Canada-based First Quantum Minerals has started recommissional work at the Ravensthorpe nickel mine, in Western Australia.

Reuters reported that small Australian miners are being hit by the 30-percent nickel price slump that’s hit the market this year. Some have had to delay projects and expansions.

Even longer term, the picture is much the same. BMO anticipates a nickel price of $7.25 in 2017 and $8 in 2018; earlier it had predicted a nickel price of $11 in both years.

At the end of 2014, many market watchers anticipated positive price action in the nickel space in the near term.

[Ferro-Alloys.com]Merafe Resources said on Monday that the weakening price of ferrochrome coupled with higher costs would hit basic earnings, resulting in a slump in its latest interim period.