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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

https://www.hellenicshippingnews.com/iron-ore-weakens-amid-waning-china-stimulus-hopes-high-portside-stocks/

Fortescue Ltd. Sponsored ADR (FSUGY) Upgraded to Strong Buy: ...
fmg results
Mon, 22 Apr 2024 16:00:10 GMT
Fortescue Ltd. Sponsored ADR (FSUGY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near

https://finance.yahoo.com/news/fortescue-ltd-sponsored-adr-fsugy-160010883.html?.tsrc=rss

Zekelman Industries to invest $120 million in Arkansas expansion
tube
Mon, 22 Apr 2024 11:25:00 GMT
Independent steel pipe and tube manufacturer Zekelman Industries will invest up to $120 million to expand the manufacturing capabilities and product offerings of its subsidiary, Atlas Tube, in Blytheville, Ark. The project will allow the company to manufacture inline steel tube

https://www.thefabricator.com/tubepipejournal/news/tubepipeproduction/zekelman-industries-to-invest-120-million-in-arkansas-expansion

Ukraine: maritime corridor boosts metal exports
steel trade ukraine
Mon, 22 Apr 2024 00:00:00 GMT
The metal industry of Ukraine is gradually reviving with the launch of the alternative maritime corridor. In Q1, pig iron manufacture grew by 32.1% YoY, rolled metal by 35.5% and steel by 36.6% YoY. Exports increased by 61.8%, to 1.02 million tons. (Ukrainian

https://metalukraine.com/2024/04/22/ukraine-maritime-corridor-boosts-metal-exports.html

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

https://gmk.center/en/posts/ukraine-slovakia-what-trade-between-the-countries-looks-like/

UK TRA recommends extension of steel safeguard measures
steel
Mon, 22 Apr 2024 00:00:00 GMT
The UK Trade Remedies Authority (TRA) proposes a two-year extension to protect the countrys steel...

https://eurometal.net/uk-tra-recommends-extension-of-steel-safeguard-measures/

Imports put strong pressure on rolled metal prices in Europe
europe market steel
Sun, 21 Apr 2024 01:54:02 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 3 Best Steel Stocks to Buy as Biden Talks Tripling Tariffs
steel trade
Sat, 20 Apr 2024 07:28:09 GMT
The 3 Best Steel Stocks to Buy as Biden Talks Tripling Tariffs

https://www.nasdaq.com/articles/the-3-best-steel-stocks-to-buy-as-biden-talks-tripling-tariffs

Steel Rebar Market April 2024: Marginal Rise in US and China ...
china market steel
Fri, 19 Apr 2024 16:12:00 GMT
As of April 12th, Steel Rebar in the US domestic market saw a slight increase, partly influenced by boosted exports from countries like

https://www.chemanalyst.com/NewsAndDeals/NewsDetails/steel-rebar-market-april-2024-marginal-rise-in-us-and-china-opposite-to-germany-27444

Tranter contributes to fossil fuels reduction in steel production
dri germany ghg production
Fri, 19 Apr 2024 00:00:00 GMT
Tranter has secured an order for a cutting-edge direct reduced iron (DRI), green steel plant set to be constructed in Germany. The DRI plant reduces its carbon footprint significantly by using green hydrogen and carbon

https://www.steel-technology.com/news/tranter-contributes-to-fossil-fuels-reduction-in-steel-production

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Regional News and Industry Developments

Europe Announcements

Steel HRC prices in Europe hit bottom, sources say
europe market steel
Mon, 22 Apr 2024 00:00:00 GMT
The European markets for steel hot-rolled coil were quiet on Friday April 19, with limited volumes...

Slovensk elektrrne closed its last coal-fired power plant in ...
coal slovakia
Sun, 21 Apr 2024 01:54:02 GMT
After almost 60 years of operation, TEC Vojany in eastern Slovakia, burning hard coal, is ending its operation today....

Imports put strong pressure on rolled metal prices in Europe
europe market steel
Sun, 21 Apr 2024 01:54:02 GMT
Prices for flat-rolled steel in Europe fell this week due to increased import activity, forcing European producers to adjust their offerings

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

CIS Industry Headlines

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

Russia: coal industry on brink of collapse
coal market russia
Fri, 19 Apr 2024 09:28:50 GMT
The Commission of the State Council on Energy warns of a heavy crisis in the coal industry of Russia. This year, it could sustain losses of up to 450 billion rubles, which would exceed its income for the previous two years. The crisis is due to the drop in coal prices, increase in logistics

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