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Iron ore rebounds to six-week high on renewed China demand hopes ...
china iron ore market
Thu, 25 Apr 2024 00:00:00 GMT
Prices of iron ore futures rebounded on Wednesday to the highest level in more than six weeks, aided by renewed hopes of improved steel demand in top consumer China and the prospect of lower supply after a major miner lowered its annual shipment outlook. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange (DCE) ended daytime trade 3.08% higher at 888 yuan ($122.55) a metric ton, its highest since March 8. It fell more than 1.5% on Tuesday. The benchmark May iron

https://www.hellenicshippingnews.com/iron-ore-rebounds-to-six-week-high-on-renewed-china-demand-hopes-lower-shipments/

Anglo American releases statement regarding possible offer from ...
bhp usa
Thu, 25 Apr 2024 00:00:00 GMT
Anglo American releases statement regarding possible offer from BHP Thursday, 25 April 2024 11:00 The Board of Anglo American plc has confirmed that it is has received an unsolicited, non-binding, and highly conditional combination proposal from BHP Group

https://www.globalminingreview.com/mining/25042024/anglo-american-releases-statement-regarding-possible-offer-from-bhp/

Ukraine: PGOK loss up in January-September 2023
results ukraine
Thu, 25 Apr 2024 00:00:00 GMT
In January-September 2023, Pokrovsk Mining and Processing Works increased net loss 4.8-fold YoY, to 235 million UAH. Net income decreased by 0.9%, to 1.06 billion UAH. Undistributed profit amounted to 1.11 billion UAH. (Ukrainian

https://metalukraine.com/2024/04/25/ukraine-pgok-loss-up-in-january-september-2023.html

https://eurometal.net/germany-introduces-new-green-steel-certification-standard/

Primetals Press Release
investment metals primetals salzgitter
Wed, 24 Apr 2024 00:00:00 GMT
Primetals Technologies Modernization of Slab Sizing Press to Boost Reliability for Salzgitter Flachstahl

https://www.primetals.com/press-media/news/primetals-technologies-modernization-of-slab-sizing-press-to-boost-reliability-for-salzgitter-flachstahl

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

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Regional News and Industry Developments

CIS Announcements

Metinvest will Increase Salaries for its Manufacturing and Repair ...
metinvest russia
Tue, 23 Apr 2024 11:00:00 GMT
Metinvest Group will increase salaries for the employees of its manufacturing andrepairfacilities in Ukraine from 1 May of this year. The Group will apply a differentiated approach to the revision of salaries and pay will be indexed at a rate above forecast

Metinvest Almost Doubles Tax Payments to Ukrainian Budget to ...
metinvest russia
Mon, 22 Apr 2024 11:00:00 GMT
Amid the full-scale war, Metinvest remains a pillar of Ukraines economy. In the first quarter of 2024, including associated companies and joint ventures, the Group increased its taxes and duties to budgets of all levels in the country to UAH4.2 billion, up around

Ukraine Slovakia: what trade between the countries looks like
iron ore ukraine
Mon, 22 Apr 2024 00:00:00 GMT
Since the start of the war, Slovakia has supported Ukraine by increasing its iron ore consumptio

Africa Media Releases

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

Europe Industry Headlines

Germany introduces new green steel certification standard
germany ghg steel
Thu, 25 Apr 2024 00:00:00 GMT
German steel industry association WV Stahl and the countrys Federal Ministry for Economic Affairs...

Primetals Press Release
investment metals primetals salzgitter
Wed, 24 Apr 2024 00:00:00 GMT
Primetals Technologies Modernization of Slab Sizing Press to Boost Reliability for Salzgitter Flachstahl

Thyssenkrupp Materials advocates alternative drivetrains for ...
germany tks
Wed, 24 Apr 2024 00:00:00 GMT
Thyssenkrupp Materials Services is evaluating alternative drivetrains for its road transport...

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