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Iron ore prices to further tumble as China steps up curbs on ...
Wed, 04 Aug 2021 00:00:00 GMT
The recent plunge in iron ore prices may be just the start of what could be a sustained decline for the rest of the year, as demand from the worlds biggest consumer is widely expected to further drop under an increasingly strict government campaign to cut steel output to meet environmental and other goals, Chinese industry bodies and experts warned on Monday. Iron ore prices have already been on a declining trajectory over recent days following record highs earlier this year and further
https://www.hellenicshippingnews.com/iron-ore-prices-to-further-tumble-as-china-steps-up-curbs-on-steel-output/


Confused by Chinas mixed messages on steel This will help
Wed, 04 Aug 2021 00:00:00 GMT
The Chinese governments mixed messages on carbon emissions have sent markets into a spin. Like many of Beijings policies, the governments latest statement about how it will meet Xi Jinpings ambitious target of peak emissions by 2030 and how this will affect steel production is open to interpretation. After earlier signalling an aggressive approach to climate change, Xis top decision-makers are now suggesting the opposite should happen. A meeting late last week of the Politburo, which is
https://www.hellenicshippingnews.com/confused-by-chinas-mixed-messages-on-steel-this-will-help/


Chinas steel output cuts could continue in H2, annual target ...
Wed, 04 Aug 2021 00:00:00 GMT
A recent call by Chinas Politburo for a correction in campaign-style carbon reductions is expected to mainly target Chinas thermal coal industry, while the nationwide steel output cuts will likely still be implemented in the second half of 2021, as curbing iron ore prices was the major reason behind it, market sources said. Chinas top planning body in a July 30 meeting said it was important to set the path to peak carbon emissions first before breaking old patterns. The announcement led
https://www.hellenicshippingnews.com/chinas-steel-output-cuts-could-continue-in-h2-annual-target-may-be-readjusted-1/


China steel futures dive 6% on concerns of changes in steel output
Tue, 03 Aug 2021 00:00:00 GMT
Chinese ferrous futures fell on Monday, with steel rebar and hot rolled coils both plunging some 6%, after Beijing updated its stance on carbon reduction work, raising worries of an adjustment in output cuts. A Politburo meeting chaired by President Xi Jinping on Friday said China should avoid campaign-style carbon reduction efforts. While there were some places blindly launched projects with high emissions and energy consumption, there were others that over-reacted and made emission-cut
https://www.hellenicshippingnews.com/china-steel-futures-dive-6-on-concerns-of-changes-in-steel-output/


Vale confident on 2021 iron ore guidance, though recovery still ...
Mon, 02 Aug 2021 00:00:00 GMT
Executives at Brazilian iron ore miner Vale said July 29 they were confident the company will reach its 2021 iron ore production guidance as it will be aided in H2 by seasonal factors and mine capacity advances. Still, the company is currently operating at the lower range of the 315 million mt-335 million mt guidance, executive vice president, ferrous minerals, Marcello Spinelli said during a Q2 results call with investors. Iron ore fines production reached 75.7 million mt in Q2, which was
https://www.hellenicshippingnews.com/vale-confident-on-2021-iron-ore-guidance-though-recovery-still-a-marathon-executives/


Shortages continue to disrupt US stainless steel market
Mon, 02 Aug 2021 00:00:00 GMT
Inventory levels across the US stainless steel sector are extraordinarily low. While steel usage rebounded quickly following the pandemic-induced slump, steel production resumed at a much more gradual pace. This resulted in a substantial imbalance between supply and demand developing in the market. Buyers report that, in several grades and sizes of stainless steel flat products, no material is available in the United States. US producers, Outokumpu and North American Stainless, have
https://www.hellenicshippingnews.com/shortages-continue-to-disrupt-us-stainless-steel-market/


Australias iron ore price slumps after China move
Mon, 02 Aug 2021 00:00:00 GMT
Iron ore prices have dropped under $US200 a tonne for the first time since May as Australias biggest buyer China threatens to reduce its orders while diplomatic relations between the two countries remain frosty. The price of Australias most valuable export commodity slumped by 3 per cent to $US195 ($A264) a tonne, with concerns China is accelerating measures to reduce its dependence on Aussie iron ore. Chinese policymakers have flagged a move to cut its steel outputs in the second half of
https://www.hellenicshippingnews.com/australias-iron-ore-price-slumps-after-china-move/


MMK approves changes to organisational structure as part of large-scale ...
Mon, 02 Aug 2021 00:00:00 GMT
The approved changes are designed to ensure maximum efficiency of management and control during the implementation of MMK's unprecedented investment programme, aimed at a fundamental technical re-equipment of sinter coke production and subsequent refining processes at the
http://eng.mmk.ru/press_center/80678/


Brazils Vale revises down year-end iron ore output
Sat, 31 Jul 2021 00:00:00 GMT
Vale SA flagged potential production setbacks amid temporary issues at multiple iron ore mines, but executives said the Brazilian miner was still on track to ramp up output in the second half of the year. In a presentation released on Thursday morning, the worlds second largest iron ore producer revised down its guidance for year-end production capacity to 343 million tonnes per annum from 350 million tonnes previously. Among the issues holding back production, Vale said, are licensing
https://www.hellenicshippingnews.com/brazils-vale-revises-down-year-end-iron-ore-output/


Vale (VALE) Q2 Earnings Beat, Rise Y/Y on High Iron Prices
Fri, 30 Jul 2021 00:00:00 GMT
Vale (VALE) reports stellar second-quarter 2021 earnings on higher iron ore sales volumes and prices. It maintains its iron-ore production guidance of 315-335 million tons for
https://www.zacks.com/stock/news/1771664/vale-vale-q2-earnings-beat-rise-yy-on-high-iron-prices


Steelmaking to be mainly primary-based beyond 2050 due to insufficient ...
Fri, 30 Jul 2021 00:00:00 GMT
Most steel will still be made from primary raw materials including iron ore and metallurgical coal beyond 2050 because of limited supplies of ferrous scrap, according to information presented July 28 by the Net-Zero Steel Pathway Methodology Project, or NZSPMP, a sectoral grouping. We can't rely on scrap to decarbonise steelmaking; iron ore (primary) based steelmaking will remain critical beyond 2050 steel production from scrap will only satisfy about 45% of future demand due to limited
https://www.hellenicshippingnews.com/steelmaking-to-be-mainly-primary-based-beyond-2050-due-to-insufficient-scrap-nzspmp/


Iron ore slumps on subdued China demand outlook for second half
Fri, 30 Jul 2021 00:00:00 GMT
Iron ore futures in Asia fell on Thursday, pressured by the prospects of a slowdown in demand for the steelmaking ingredient in top buyer China, and despite tempered shipment expectations from its biggest producer, Rio Tinto. The most-traded iron ore for September delivery on Chinas Dalian Commodity Exchange slumped 2.5% to 1,105 yuan ($170.67) a tonne by midday break, extending losses into a third straight session. Iron ores most-active September contract on the Singapore Exchange shed
https://www.hellenicshippingnews.com/iron-ore-slumps-on-subdued-china-demand-outlook-for-second-half/



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