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Dalian iron ore futures leap on restocking demand at steel mills
Wed, 01 Dec 2021 00:00:00 GMT
Benchmark Chinese iron ore futures jumped over 6% on Tuesday, fuelled by recent restocking demand at steel firms, although analysts expect weak property and infrastructure investment to slow the long-term consumption of the steelmaking ingredient. The most-traded iron ore contract on the Dalian Commodity Exchange, for January delivery, ended 2.4% higher at 610 yuan ($95.75) a tonne , after rising as much as 6.4% to 633 yuan in early trade. Driven by high profits at mills iron ore prices
https://www.hellenicshippingnews.com/dalian-iron-ore-futures-leap-on-restocking-demand-at-steel-mills/


Tata Steel focuses on increasing iron ore production to 45 mtpa ...
Mon, 29 Nov 2021 00:00:00 GMT
Tata Steel will focus on augmenting iron ore production from 30 million tonne per annum to 45 mtpa in the next five years, a company official said on Saturday. The total iron ore production from the steelmakers captive mines in Noamundi in Jharkhand and in Katamati, Joda and Khondbond blocks in Odisha, is about 30 mtpa, he said. In the next five years, we will focus on increasing iron ore production capacity to 45 mtpa in line with the expansion in the steel making facilities in the
https://www.hellenicshippingnews.com/tata-steel-focuses-on-increasing-iron-ore-production-to-45-mtpa-in-5-years/


Feeling the heat: 5 key features of iron ore markets in 2021
Mon, 29 Nov 2021 00:00:00 GMT
After a rollercoaster year in the iron ore sector, Niki Wang takes stock of some of the biggest themes that emerged in 2021, from price volatility to an increased focus on specifications. High volatility Iron ore prices have been on an uptrend since late 2018. Improving steel mill margins since Chinas steel sector supply-side reform the attempts to eliminate excess steel capacity have boosted iron ore demand and prices. Temporary imbalances of supply and demand over the last three years
https://www.hellenicshippingnews.com/feeling-the-heat-5-key-features-of-iron-ore-markets-in-2021/


Kirill Chernov appointed Managing Director of OEMK
Mon, 29 Nov 2021 00:00:00 GMT
Kirill Chernov is appointed Managing Director of Alexey Ugarov OEMK. He previously held the position of Chief Engineer at the enterprise. Nazim Efendiev, CEO of Management Company Metalloinvest, commented: Kirill Chernov is a longstanding member of our team and has deep expertise in steelmaking in Stary Oskol. OEMK holds a leading industry position, producing high quality products that enjoy strong market demand. The new Managing Director and the enterprises team will have to work to
http://www.metalinfo.ru/en/news/131919


NLMK embarks on overhaul of reheating furnace at hot strip mill
Mon, 29 Nov 2021 00:00:00 GMT
NLMK Lipetsk has begun an overhaul of its reheating furnace used for heating up steel slabs prior to rolling at Mill 2000. The upgrade will increase hot-rolled steel output at NLMK Lipetsk by 430,000 tonnes per year (+7%), improve product quality, halve energy consumption, and reduce greenhouse gas (CO2) emissions by 53,000 tonnes. The unit will be overhauled without interrupting production operations or stopping the mill. The new furnace will be equipped with an automated control system
http://www.metalinfo.ru/en/news/131918


German steel production likely to reach 40mt
Fri, 26 Nov 2021 00:00:00 GMT
Crude steel output at German mills from January through October this year rose 15% over the first ten months of 2020 to 33.56 million tonnes, according to figures provided by steel federation WV Stahl. In the reporting month of October, production at oxygen-route mills rose by 13% to 2.52mt, whereas that of EAF mills
https://eurometal.net/german-steel-production-likely-to-reach-40mt/


Brazils Vale restarts licensing process for Apolo iron ore project
Thu, 25 Nov 2021 00:00:00 GMT
Brazilian miner Vale VALE3.SA has restarted the process of acquiring environmental licenses for its Apolo iron ore project in the state of Minas Gerais following a major revision of the original plan, the company said in a presentation on Tuesday. The plans for the project, which has a capacity of 14 million tonnes per year and a lifespan of 29 years, have been revised to reduce its environmental impact, the company said. According to the presentation made to the Minas Gerais state assembly,
https://www.hellenicshippingnews.com/brazils-vale-restarts-licensing-process-for-apolo-iron-ore-project/


Vitkovice Steel returns to profit after several years
Thu, 25 Nov 2021 00:00:00 GMT
Vitkovice Steel has bounced back into profit after several loss-making years, posting a CZK 25 million ($1.1m) net profit in the nine months through September. This was supported by strong steel demand and production efficiency improvement. The firm says the outlook is also positive despite rising utility prices. Last year Vitkovice posted a CZK
https://eurometal.net/vitkovice-steel-returns-to-profit-after-several-years/


China iron ore futures surge on hopes of resuming steel production
Wed, 24 Nov 2021 00:00:00 GMT
Chinas benchmark iron ore futures surged on Tuesday, hitting their 10% daily trading limit in morning session, as steelmakers are set to resume production after rigorous controls in the past few months following government orders. The supply-side of iron ore has not changed much recently, but more mills are planning to increase output next month, a Beijing-based trader said. Another Shandong-based iron ore trader said the market is trading on expectation of rising steel production in
https://www.hellenicshippingnews.com/china-iron-ore-futures-surge-on-hopes-of-resuming-steel-production/


Hydrogen conversion will quintuple electricity demand: German ...
Wed, 24 Nov 2021 00:00:00 GMT
As European mills are suffering from skyrocketing energy costs, the outlook for carbon-free steelmaking appears troubled. For an annual output of 42 million tonnes, German mills use approximately 25 terawatt hours (TWh) of electricity. Around two thirds of steel output comes via the blast furnace/oxygen converter route, which consumes some 400 kilowatt hours (KWh)
https://eurometal.net/hydrogen-conversion-will-quintuple-electricity-demand-german-steelmakers/


JAPAN DATA: Crude steel output rises 14.3% on year in October
Tue, 23 Nov 2021 00:00:00 GMT
Japans crude steel production in October reached 8.22 million mt, rising 1.0% from September and 14.3% higher year on year, Japan Iron & Steel Federation data showed Nov. 22. The firm start to the fourth quarter was due to strong demand from the countrys manufacturing sector. The ease in pandemic restrictions and a ramped-up vaccination program that promoted domestic economic activities led to the au Jibun Bank Japan Manufacturing Purchasing Managers Index for October to reflect an
https://www.hellenicshippingnews.com/japan-data-crude-steel-output-rises-14-3-on-year-in-october/


Poland greensteel producer Liberty Czestochowa restarts steel ...
Tue, 23 Nov 2021 00:00:00 GMT
Polish greensteel producer Liberty Czestochowa has restarted production of steel prefabricates for the first time since 2020, the company said Nov. 22. The restart of the 2,500 mt/month prefabrication plant was allowed after it received all the necessary certificates, with the first order for one of the lines regular customers already being processed. The
https://eurometal.net/poland-greensteel-producer-liberty-czestochowa-restarts-steel-prefabricates-production/



Number of steel production news reports: 12
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World iron and steelmaking production news.