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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

Europe Announcements

Slovensk elektrrne closed its last coal-fired power plant in ...
coal slovakia
Tue, 23 Apr 2024 14:50:02 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
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

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

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

Middle East Industry Headlines

Ukraine: steel billets exports to Turkiye up in February 2024
steel trade ukraine
Thu, 11 Apr 2024 00:00:00 GMT
In February, Ukraine exported 9.69 thousand tons of steel billets to Turkiye. In February 2023, insignifican't volumes were exported (54 tons). In January-February, Ukraine exported 30.68 thousand tons of billets to Turkiye. Ukraine accounted for 7% of Turkiyes steel billets imports. (Ukrainian

IMIDRO invests $32m to develop infrastructure in mining zones
imidro iran
Tue, 12 Mar 2024 18:00:04 GMT
TEHRAN - The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has invested more than 16.285 trillion rials (about $32 million) for the development of infrastructure in the countrys mining zones in the first 11 months of the current Iranian year (ends on March

Global scrap prices fall under pressure from uncertainty in the ...
market scrap turkey
Tue, 12 Mar 2024 00:00:00 GMT
Turkish steelmakers have suspended purchases

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