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Stronger Atlantic demand for iron ore pellets, met coal on steel ...
Mon, 26 Oct 2020 00:00:00 GMT
A recovery in steel and pig iron production in the Atlantic Basin markets has led to stronger demand for iron ore pellets and met coal, stabilizing prices and premiums, according to industry participants. Iron ore quarterly contract pellet premiums are at an all-time low in the fourth quarter, with S&P Global Platts Atlantic blast furnace contract pellet premium falling to $27.50/dry mt in October, down $1 from September, with a broader price range of Q4 settlements. While miners may

JSW Steel reports Q2 net profit of 1,595 crore on recovery in ...
Mon, 26 Oct 2020 00:00:00 GMT
JSW Steel, Indias second largest private steel manufacturer, swung back to profit in the July-September quarter as domestic demand recovered and the pandemic-induced lockdown curbs were eased across the country. The company reported a net profit of 1,595 crore for Q2, down 37% year-on-year but far better than the June quarter performance when it had reported a net loss of 582 crore. It said capacity utilisation returned to pre-covid levels at 86% in the second quarter, from 66% in

What is the factor behind rising steel demand in domestic market ...
Mon, 26 Oct 2020 00:00:00 GMT
JSW Steel reported net profit of Rs 1,595 cr in the September quarter against a loss of Rs 582 crore in April-June period. And according to Seshagiri Rao, there is a definite reason

The Kaduna private steel plant, welcome
Sun, 25 Oct 2020 21:01:00 GMT
The Kaduna private steel plant, welcome Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmeds recent declaration that steel boom may lead to Nigerias industrialisation merely

Wu'an to integrate 14 steel companies into 5 steel groups
Sun, 25 Oct 2020 20:25:00 GMT
In recent years, Wu'an, Hebei province has made every effort to promote the transformation supply-side structural reforms in the steel industry through capacity reduction, acquisition, reorganisation,

Trade review: Ferrous scrap eyes firmer Q4 on steel recovery ...
Sat, 24 Oct 2020 00:00:00 GMT
Asian ferrous scrap prices look set to extend their strong performance of the past three months into the fourth quarter as steelmaking recovers at a time when slower scrap collection in winter typically crimps supply. However, scrap demand by countries in the region driven by the production of billet for sale to China could soften in Q4, even though semi-finished products remain one of the few steel types to see an arbitrage window into China still ajar. END-USE SECTOR REVIVAL Regional scrap

BHP Update on Iron Ore Production in July-September 2020 Quarter
Wed, 21 Oct 2020 02:41:00 GMT
BHP announced that total iron ore production increased by eight per cent to 66 million tonne (74 million tonne on a 100 per cent basis). Guidance for the 2021 financial year remains unchanged at betwe

New horizontal band saws from JET Tools feature EVS control ...
Tue, 20 Oct 2020 09:00:00 GMT
The new JET 9- by 16-in. and 10- by 18-in. horizontal band saws are designed to make consistent straight cuts and occasional angled cuts in ferrous and nonferrous solid and tube stock. They are suitable for use in welding and fabrication shops, job shops, plant maintenance, and

BHP and Vale enjoy boom in iron ore demand
Tue, 20 Oct 2020 05:06:00 GMT
BHP, the worlds biggest miner, said its flagship iron ore business had made a strong start to its new financial year, as Brazilian rival Vale reported a sharp increase in production of the key

Dalian iron ore hits 3-week low as China port stocks pile up
Tue, 20 Oct 2020 00:00:00 GMT
Dalian iron ore futures dropped to a three-week low on Monday as Chinas rising portside inventory and a bleak outlook for domestic steel demand during winter weighed on prices. The most-traded iron ore contract for January 2021 delivery on Chinas Dalian Commodity Exchange slumped as much as 1.9% to 769.50 yuan ($114.86) a tonne, its weakest since Sept. 29, before closing down 0.4% at 781 yuan. Iron ores front-month November contract on the Singapore Exchange erased early losses to trade

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