Iron ore, coke, pig iron, scrap and DRI news.

Iron ore concentrate output up 4% in 5 months on year
Mon, 20 Sep 2021 00:00:00 GMT
Production of iron ore concentrate in Iran has risen four percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year. According to the data provided by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), ten large iron ore concentrate producers of the country have produced 21.195 million tons of the product in the five-month period of this year, while the figure was


Chinese steel ingredients fall as regulator extends environmental ...
Sat, 18 Sep 2021 00:00:00 GMT
Futures prices for Chinas steelmaking raw materials faltered on Friday, with the benchmark iron ore contract leading losses, as Beijing mulls to include more cities under its environmental controls. The Ministry of Ecology and Environment said in a draft guideline on Thursday that it planned to involve 64 regions under key monitoring during winter air pollution campaign. The regulator said steel mills in those regions would be urged to cut production based on their emission levels during


Ukraine: Surgay Mine orders 17 million UAH worth of anchoring
Fri, 17 Sep 2021 09:53:07 GMT
The state enterprise Mine named after Surgay has ordered Metkripservis Ltd LLC delivery of arched anchoring valued at 17.7 million UAH. Until the end of 2022, the company has to supply 690 units of various anchoring. The manufacturer has not been revealed. The goods will be paid for within 6 months upon delivery. (Ukrainian


Shanghai stainless steel futures hit record high on supply crunch
Fri, 17 Sep 2021 00:00:00 GMT
Chinese stainless steel futures scaled their daily trading limit on Thursday to hit an all-time high, as market watchers were concerned by ongoing supply constraints of the metal while downstream demand remains resilient. Stainless steel inventories are relatively low supplies will continue to fall affected by production controls, but consumption is stable, analysts with Huatai Futures wrote in a note. Talks of output curtailment for nickel pig iron (NPI) also shored up prices, Huatai


Chinese Coal, Steel and Cement Firms to See Further Consolidation
Fri, 17 Sep 2021 00:00:00 GMT
Credit polarisation among Chinas coal, steel and cement firms is set to intensify amid peaking demand, ongoing consolidation and increasingly differentiated local-government support for state-owned enterprises, says Fitch Ratings. We expect Chinas policymakers to focus on eliminating uncompetitive capacity and financially unviable producers in the three industries. Meanwhile, we believe policymakers will encourage production capacity to move towards resource-rich areas with low operational


Explained: Why Guinea coup has rattled iron ore and bauxite markets
Thu, 16 Sep 2021 00:00:00 GMT
Last week, special forces soldiers called military junta, ousted Guineas (West Africas mineral-rich country) long-serving president Alpha Conde, immediately casting a shadow of uncertainty over key iron ore and bauxite supplies. The coup was carried out by an elite special forces unit, led by 41-year-old Col. Mamady Doumbouya. The soldiers dissolved the countrys government and closed land and air borders with immediate effect. We have dissolved government and institutions, Doumbouya


China iron ore futures plunge to over 9-month low on falling ...
Thu, 16 Sep 2021 00:00:00 GMT
Iron ore futures in China hit a nine-month low on Wednesday as steel output in the top producer continued to slide, compounding concerns around demand for the raw material. Chinas monthly crude steel production slipped for the third straight month to 83.24 million tonnes in August, data from the National Bureau of Statistics showed, sending average daily output to the lowest since March 2020. The most-traded iron ore futures on the Dalian Commodity Exchange, for January delivery, fell as


Ukraine: SevGOK to construct two electricity lines
Tue, 14 Sep 2021 10:04:26 GMT
High-voltage electricity lines used to power excavators and drilling rigs are being repaired at the Pervomayskiy quarry of the Severniy Mining and Processing Works. Investments in the project amount to 4.2 million UAH. This year, three lines would be repaired, with one already commissioned in August. During repairs, 36 supports and 2 km of


AM confirms Liberia iron ore expansion to 15 million mt/year ...
Mon, 13 Sep 2021 00:00:00 GMT
ArcelorMittal and the Republic of Liberia have signed an accord that will allow the steelmaker boost its logistics capability and ramp up its iron ore production in the west African country to 15 million mt/year, with a possibility for further expansion up to 30 million mt/year. Liberia and ArcelorMittal have signed an amendment to a Mineral Development Agreement involving a boost in premium iron ore production, new jobs generation and wider economic benefits for Liberia, the company said in


Iron ore set for second weekly loss on China demand collapse
Sat, 11 Sep 2021 00:00:00 GMT
Iron ore futures in top steel producer China dropped on Friday to head for a second consecutive weekly loss, with the benchmark Dalian price hovering near its lowest in seven months on fears of more steel production curbs. The most-traded January iron ore on the Dalian Commodity Exchange ended daytime trading 0.3% lower at 732.50 yuan ($113.66) a tonne. It touched 717.50 yuan a tonne on Thursday, the weakest since Feb. 4. The steelmaking ingredients October contract on the Singapore


Chinas Baosteel plans steel plate factory in Saudi Arabia
Sat, 11 Sep 2021 00:00:00 GMT
Baoshan Iron & Steel Company (Baosteel), Chinas biggest listed steelmaker, said it has signed an initial agreement with the state oil giant Saudi Aramco to study building an integrated steel plate manufacturing facility in Saudi Arabia. This comes as part of the Saudi groups industrial investment programme, Aramco Namaat, which aims to drive the countrys economic growth and diversification. Aramco had recently signed 22 new MoUs and one JV agreement focused on capacity building in


Ukraine: pro-Russian terrorists detain mine management
Fri, 10 Sep 2021 10:00:01 GMT
The so-called Lugansk People's Republic, the terrorist organization created and supported by Russia, has detained management of the Krasniy Partizan mine, where an accident has happened recently. The management is suspected of breaching industrial safety requirements resulting in the break of a steel rope used to haul the miners back to the surface and



Number of steelmaking raw material news reports: 12
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