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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

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

IMPASCO carries out 26,000 meters of mining excavation in 6 months
Fri, 23 Oct 2020 13:04:09 GMT
TEHRAN- Iran Minerals Production and Supply Company (IMPASCO) has carried out 26,000 meters of mining excavation during the first six months of the current Iranian calendar year (March 20-September

H1 Upstream Steel Output Reviewed
Thu, 22 Oct 2020 02:49:00 GMT
The upstream steel industry registered growth in the production of iron ore concentrate, pellet and direct reduced iron during the first half of the current fiscal year (March 20-Sept. 22), latest

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

147 idle small-scale mines revived since March 20
Tue, 20 Oct 2020 13:04:05 GMT
TEHRAN Deputy head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said on Monday that 147 idle small-scale mines have been put back into operation since the beginning of the current Iranian calendar year (March

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

SMB-Winning aims to bring Guineas Simandou iron ore to market ...
Mon, 19 Oct 2020 00:00:00 GMT
China-backed consortium SMB-Winning aims to bring blocks 1 and 2 of Guineas massive Simandou iron ore deposit into production by 2025, Socit Minire de Bok Chairman Fadi Wazni said, a tight timetable for a huge mine and infrastructure project. The consortium which includes Singapores Winning Shipping, Guinean mining logistics firm United Mining Supply (UMS), Chinese aluminium producer Shandong Weiqiao, and Guineas government won a $14 billion government tender in November 2019 to

Iron ore futures log weekly losses on supply outlook, demand ...
Sat, 17 Oct 2020 00:00:00 GMT
Chinas iron ore futures extended losses on Friday and posted their first weekly decline in three, pressured by rising portside stockpiles in the worlds top steel producer and dimming global demand recovery prospects for steel products. The most-traded January 2021 contract for the steelmaking ingredient on Chinas Dalian Commodity Exchange closed 0.6% lower at 785.50 yuan ($117.05) a tonne, extending losses into a fourth straight session and falling 4.6% from last week. Iron ores

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Steelmaking raw material news - iron ore, coal, coke, pig iron, scrap, DRI.