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Iron ore slides to nearly one-week low on subdued Chinese steel ...
iron ore market singapore
Wed, 24 Apr 2024 00:00:00 GMT
Iron ore futures prices extended losses for a second straight session on Tuesday to their lowest level in nearly one week on signs of softening in the steel market due to subdued demand in top consumer China. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade down 1.91% at 849 yuan ($117.17) a metric ton, its lowest since April 17. The benchmark May iron ore SZZFK4 on the Singapore Exchange slipped 2.88% to $112.85 a ton, as of

https://www.hellenicshippingnews.com/iron-ore-slides-to-nearly-one-week-low-on-subdued-chinese-steel-market/

Ukraine: Ferrexpo output up in Q1 2024
ferrexpo iron ore production ukraine
Wed, 24 Apr 2024 00:00:00 GMT
In January-March, Ferrexpo manufactured 2.054 million tons of iron ore products, up by 203% QoQ. Two to three of four pelletizing lines were used in manufacture. Pellets production grew by 189% QoQ, to 1.81 million tons. The group also produced 240.5 thousand tons of concentrate with iron content of 67%, up by 380%. Sales

https://metalukraine.com/2024/04/24/ukraine-ferrexpo-output-up-in-q1-2024.html

Fortescue Forecasts Annual Iron-Ore Shipments at Lower End of ...
fmg
Tue, 23 Apr 2024 23:34:00 GMT
Fortescue expects annual iron-ore shipments at the lower end of its prior forecast range after an ore car derailment and bad weather affected its operations in the third

https://finance.yahoo.com/m/a47e849a-52be-305f-a642-83000cb32288/fortescue-forecasts-annual.html?.tsrc=rss

Imports put strong pressure on rolled metal prices in Europe
europe market steel
Tue, 23 Apr 2024 14:50:02 GMT
Prices for flat-rolled steel in Europe fell this week due to increased import activity, forcing European producers to adjust their offerings

https://metallurgprom.org/en/news/europe/14923-import-okazyvaet-silnoe-davlenie-na-ceny-metalloprokata-v-evrope.html

The 22nd annual Great Designs in Steel symposium returns May ...
steel usa
Tue, 23 Apr 2024 14:39:00 GMT
The 22nd annual Great Designs in Steel symposium (GDIS), hosted by the American Iron and Steel Institute (AISI), will take place May 22, 2024, at Suburban Collection Showplace in Novi,

https://www.thefabricator.com/thefabricator/news/metalsmaterials/the-22nd-annual-great-designs-in-steel-symposium-returns-may-22

Why Ukrainian businesses need to start the green transition now
ghg interpipe investment ukraine
Tue, 23 Apr 2024 10:00:00 GMT
Back in 2012, Interpipe built a modern electric arc furnace complex and reduced greenhouse gas emissions by 10 times

https://gmk.center/en/opinion/why-ukrainian-businesses-need-to-start-the-green-transition-now/

Nucor's (NUE) Earnings Lag, Revenues Beat Estimates in Q1
market nucor steel usa
Tue, 23 Apr 2024 00:00:00 GMT
Earnings in Nucor's (NUE) steel mills unit increase sequentially in Q1 on higher average selling prices and increased

https://www.zacks.com/stock/news/2260148/nucors-nue-earnings-lag-revenues-beat-estimates-in-q1

Uniper Inks Green Hydrogen Supply Deal For Salzgitters Steel ...
germany ghg production salzgitter steel
Tue, 23 Apr 2024 00:00:00 GMT
Power Apr 23, 2024 Uniper inks green hydrogen supply deal for Salzgitters steel production German steel producer Salzgitter has signed a pre-contract for the offtake of Uniper-produced green hydrogen... View

https://www.h2-view.com/story/uniper-inks-green-hydrogen-supply-deal-for-salzgitters-steel-production/2109078.article/

POSCO Named World Steel Associations Sustainability Champion ...
korea posco steel
Tue, 23 Apr 2024 00:00:00 GMT
POSCO Named World Steel Associations Sustainability Champion for Third Consecutive Yea

https://newsroom.posco.com/en/posco-named-world-steel-associations-sustainability-champion-for-third-consecutive-year/

Bureaucratic delays threaten support for transition: Eurofer
eurofer europe investment steel
Tue, 23 Apr 2024 00:00:00 GMT
European Resilience Fund money, meant to support investment by steelmakers into cleaner technology...

https://eurometal.net/bureaucratic-delays-threaten-support-for-transition-eurofer/

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Regional News and Industry Developments

Africa Announcements

Belarus: BMZ to increase steel exports to Africa
steel trade ukraine
Mon, 01 Apr 2024 00:00:00 GMT
Belarus Iron and Steel Works intends to supply at least 200 thousand tons of steel to Africa in 2024. Last year, the company exported 140 thousand tons there. As of March, the company was already producing 200 thousand tons of steel per month. (Ukrainian

Anglo American South Africa iron ore mines assessed on responsible ...
anglo iron ore south africa
Wed, 27 Mar 2024 00:00:00 GMT
Anglo American South Africa iron ore mines assessed on responsible mining standard Wednesday, 27 March 2024 10:00 Anglo Americans Sishen and Kolomela iron ore mines in South Africa have been assessed against the IRMA comprehensive mining

China Baowu plans to invest about $1 billion ...
baowu guinea iron ore
Wed, 31 Jan 2024 09:47:24 GMT
The world’s largest steelmaker, China Baowu Steel Group, has raised 10 billion yuan ($1.4 billion) through a bond issue, partly for the large-scale Simandou iron ore project in Guinea. Nasdaq reports this with reference to the company’s report on the Shanghai Stock Exchange. The capital raised through the issuance of three-year fixed-rate bonds with an … The post China Baowu plans to invest about $1 billion in the development of Simandou appeared first on

Asia Pacific Media Releases

Chinas steel demand expected to be weak in traditionally stronger ...
china iron ore market
Wed, 24 Apr 2024 00:00:00 GMT
Chinas overall steel demand is expected to remain subdued in a traditionally stronger second quarter, mill and trading sources said, after the countrys net exports of semi-finished and finished steel hit an almost eight-year high in March even as production fell below the year-ago level. Steel production in the second quarter might inch higher from the first quarter but could still be lower than a year earlier, likely keeping a check on iron ore prices, the sources said. Strong exports,

Fortescue iron ore shipments fall short after derailment
australia fmg iron ore
Tue, 23 Apr 2024 23:04:19 GMT
Australia's Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following a derailment of ore cars and weather disruptions that also led to a slight cut in its outlook for annual shipments. The world's fourth-largest iron ore miner said it shipped 43.3 million metric tons of the steel-making commodity in the three months ended March 31, down from 46.3 million tonnes a year

Iron ore weakens amid waning China stimulus hopes, high portside ...
iron ore market singapore
Tue, 23 Apr 2024 00:00:00 GMT
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange (DCE) ended daytime trade 0.06% lower at 866.5 yuan ($119.63) a metric ton, following a rise of more than 5% last week. The benchmark May iron ore on the Singapore Exchange was 0.34% lower at

South Asia Industry Headlines

Domestic finished steel consumption grows 13% to 136 MT in FY24: ...
india steel
Thu, 18 Apr 2024 00:00:00 GMT
Domestic finished steel consumption has registered a growth of 13 per cent to 136 million tonnes during 2023-24, supported by increased demand from automotive and infrastructure sectors, SteelMint India said. The country consumed 120 million tonne (MT) finished steel in the preceding 2022-23 financial year, the research firm said in a report. Demand from the automotive industry improved in FY24, along with focus increasing towards the EVs. Infrastructure and construction sectors also showed

GIFT Nifty up 70 points; here's the trading setup for today's ...
india sail
Mon, 08 Apr 2024 00:00:00 GMT
Change in Composition of SAIL Board - Resignation of Indpendent Directo

JSW Steel Announcement under Regulation 30 (LODR)-Press Release ...
jsw production steel
Mon, 08 Apr 2024 00:00:00 GMT
JSW Steel reports its highest ever annual Consolidated Crude Steel Production of 26.43 Million tons surpassing its yearly production guidance

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