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China iron ore edges higher on supply concerns, SGX prices slip
Sat, 23 Jan 2021 00:00:00 GMT
Dalian iron ore futures edged higher on Friday on concerns over possible weather-related supply disruptions in key exporter Australia, while prices in Singapore dipped on worries about new COVID-19 infections in top steel producer China. The most-traded iron ore contract on the Dalian Commodity Exchange ended the morning session 1% higher at 1,062 yuan ($164.20) a tonne. Iron ores most-active February contract on the Singapore Exchange dropped 0.4% to $166.90 a tonne. In a week that saw

China iron ore rises as key supplier Australia braces for potential ...
Fri, 22 Jan 2021 00:00:00 GMT
Dalian iron ore futures rose on Thursday as key supplier Australia began preparing for a potential tropical cyclone, while worries over rising coronavirus cases in China weighed on prices of the steelmaking raw material in Singapore. The most-active May iron ore contract on Chinas Dalian Commodity Exchange ended a volatile morning session 0.7% higher at 1,059 yuan ($163.93) a tonne. Australias Pilbara Ports Authority has begun clearing large vessels from anchorages at Port Hedland, the

Voestalpine restarts second blast furnace at Donawitz
Fri, 22 Jan 2021 00:00:00 GMT
In response to the current level of orders in the long steel segment, voestalpine has decided to again operate two blast furnaces at its site in Donawitz, Austria. One of the two furnaces, which has an annual pig iron production capacity of around 750,000 tonnes and underwent scheduled interim repairs last summer, has now

Trade review: Soaring iron ore prices set to face hurdles in ...
Thu, 21 Jan 2021 00:00:00 GMT
Seaborne iron ore prices defied the usual late year seasonal slowdown to hit multi-year highs in the final quarter of 2020, with demand fueled by strong steel margins and high output but margin pressures and the seasonal Lunar New Year holiday slowdown are likely to take the heat out of the rally in the first quarter of 2021. The S&P Global Platts 62% Fe Iron Ore fines index, or IODEX, surged to a nine-year high at $177.15/dry mt CFR China Dec. 21, after starting the quarter at

China iron ore futures rise amid supply concerns over Australian ...
Thu, 21 Jan 2021 00:00:00 GMT
Chinese iron ore futures gained on Wednesday, bouncing back from losses in the previous session, amid concerns that inclement weather conditions could disrupt shipments from major supplier Australia. Australias weather bureau said on Tuesday heavy rains are expected to continue though the La Nina weather pattern could have reached its peak. The most-traded iron ore futures on the Dalian Commodity Exchange, for May delivery, ended up 0.2% at 1,059 yuan ($163.76) a tonne. Other steelmaking

BHP bumps up 2020-21 iron ore guidance on Samarco restart, softens ...
Thu, 21 Jan 2021 00:00:00 GMT
Mining giant BHP bumped up its fiscal 2020-2021 (July-June) iron ore production guidance following the restart of its joint venture Brazilian Samarco operation, while its metallurgical coal output is expected to be in the lower end of the forecast range due to weather impact. BHP now expects iron ore production of 245 million-255 million mt for the current fiscal year, which is up from the previous range of 244 million-253 million mt. The added tonnes are all due to Samarco, while BHPs

Rio Tinto lifts iron ore targets, warns Juukan Gorge impact still ...
Tue, 19 Jan 2021 05:35:04 GMT
Rio Tinto has flagged it may lift iron ore output in 2021 but warns the fallout from last year's Juukan Gorge disaster remains

India: Steel sector, users in for more shocks as iron ore prices ...
Mon, 18 Jan 2021 00:00:00 GMT
Steel and user industries in India are in for more price shocks as iron ore rose to a near 10-year-high on January 14, with Chinese customs data showing record imports by Beijing. They can expect some relief after the first quarter of 2021, with prices expected to drop in the second quarter and even below $100 a tonne in the following quarters. Iron ore prices increased to 10-year-high in December before retreating on reports of China wanting to reduce its steel output., quoting

Steel companies engage with vaccine makers for bulk supply of ...
Mon, 18 Jan 2021 00:00:00 GMT
Domestic steel makers like -- Tata Steel, ArcelorMittal Nippon Steel India (AMNS India) and Rashtriya Ispat Nigam Ltd (RINL) said they will continue to support the government in the nationwide drive and will wait till vaccines are available for

Nifty Metal index slips 4%; SAIL, Tata Steel, Hindustan Copper ...
Mon, 18 Jan 2021 00:00:00 GMT
An increase in coking coal prices would not augur well financially for steel companies' in India, ICICI Securities said in a

Profiteering or Profitability What domestic steel industry wants ...
Fri, 15 Jan 2021 00:00:00 GMT
Steel production through BF-BOF route uses iron ore of 1.65 tonne and coking coal of around 750 kg per tonne of steel. Steel pricing continues to occupy a centrepiece in the media for the last few weeks. A variety of responses and feedback from end-using sectors, policy planners, industry associations are filling up the pages. It is difficult to take a dispassionate view on the issue from the producers or users points of view. Let us look at some of the facts. Steel prices (HRC as the

Kazakhstan: worker trapped at ArcelorMittal Temirtau mine
Thu, 14 Jan 2021 10:43:06 GMT
At 09:53 p.m. on January 13, increased methane gas emission and coal small fraction fines were released during the exploratory well drilling at the Lenin mine of the ArcelorMittal Temirtau JSC coal department, the Emergency Situations Ministry's press service reported. Reportedly one worker is left trapped underground. The rescue works are underway. (Kazinform/Ukrainian metal) The post Kazakhstan: worker trapped at ArcelorMittal Temirtau mine first appeared on The Ukrainian

Number of steelmaking raw material news reports: 12
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