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

Ukraine: Poland to increase coal imports
Wed, 28 Sep 2022 09:32:38 GMT
Poland expects to receive the first train with Ukrainian coal this week and intends to increase imports in the future. According to Michal Dworczyk, the prime minister's office head, the supply of coal from Ukraine to Poland is the act of solidarity of Kyiv with Warsaw, as Poland uses more coal in its energy


Iron ore rises as Chinese steel mills resume ramping up output
Wed, 28 Sep 2022 00:00:00 GMT
Iron ore futures rose on Tuesday, with Singapore prices rebounding after two straight sessions of losses, as top steel producer China resumed ramping up output to cash in on increased construction activity during the September-October peak season. Benchmark October iron ore on the Singapore Exchange climbed 1.5% to a session high of $97.05 a tonne, while the September contract rose 0.2% to $98.60. On Chinas Dalian Commodity Exchange, the most-active January iron ore contract DCIOcv1 ended


Kazakhstan: scrap export ban to be prolonged
Mon, 26 Sep 2022 09:05:54 GMT
The Committee of Industrial Development intends to prolong the prohibition of exporting ferrous and non-ferrous metals scrap and wastes from Kazakhstan. The corresponding order will be in the public discussion until October 5. The ban will be prolonged for 6 months. The ban was imposed on May 6. (Ukrainian


Ukraine's Metinvest says studying construction of DRI-fed EAF ...
Fri, 23 Sep 2022 00:00:00 GMT
Ukrainian mining and steel company Metinvest is studying options for the construction somewhere in the EU of a plant to process the companys iron ore into direct reduced iron (DRI) and then convert it into steel, according to Metinvest CEO Yyriy Ryzhenkov, with Italy or Bulgaria seen as the likeliest options. Initially, Metinvest had


Iron ore futures dip on caution ahead of Fed rate action
Thu, 22 Sep 2022 00:00:00 GMT
Ferrous futures in top steel producer and exporter China fell on Wednesday, with iron ore hitting a two-week low, as caution prevailed ahead of a widely expected interest rate hike from the U.S. Federal Reserve. The most-traded January iron ore on Chinas Dalian Commodity Exchange ended daytime trade 0.9% lower at 703.50 yuan ($99.79) a tonne, after reaching its weakest since Sept. 8 at 686.50 yuan earlier in the session. On the Singapore Exchange, the steelmaking ingredients benchmark


Ukraine: Avdiivka Coke preparing for winter under fire
Wed, 21 Sep 2022 09:15:45 GMT
Avdiivka Coke and Chemical Works, the machinery of which is being mothballed, under constant shelling is making ready for winter. Coal has been delivered to the company bomb shelters. Supply of new heating boilers is expected. Thus, during shelling the company employees will remain in shelters with some comfort. Coke shops will be cold-mothballed.


Iron ore, steel futures fall on China demand worries
Wed, 21 Sep 2022 00:00:00 GMT
Chinas iron ore and steel futures dipped on Tuesday, as concerns about the countrys persistent zero-COVID policy and ailing property sector keeping demand subdued outweighed news about a plan to relax the countrys border restrictions. Caution also prevailed ahead of an expected hefty interest rate hike by the U.S. Federal Reserve this week. The most-traded January iron ore on Chinas Dalian Commodity Exchange ended daytime trade 3.1% lower at 696 yuan ($99.24) a tonne. Rebar on the


Dunaferr effectively halts steelmaking in Hungary with closure ...
Wed, 21 Sep 2022 00:00:00 GMT
Integrated steelmaker Dunaferr has effectively shut down its steelmaking operations in Hungary with the closure of a second blast furnace at its Dunajvrosdue facility, due to interrupted coke supplies, sources confirmed to Fastmarkets on Tuesday September 20.The company had said on September 16 that had been forced to stop the second blast furnace because


Kazakhstan: ban on export of coal by road imposed
Tue, 20 Sep 2022 09:36:46 GMT
A temporary ban has been imposed on the export of coal from Kazakhstan by road. The Ministry of Industry and Infrastructure Development of the republic adopted the corresponding order. The decision was made in connection with the discovery of facts of export of solid fuel intended for the population, communal and social facilities from


Iron ore edges higher as COVID curbs ease in some areas of China
Tue, 20 Sep 2022 00:00:00 GMT
Dalian and Singapore iron ore futures edged higher on Monday, supported by easing COVID-19 restrictions in some areas of China, but gains were limited by concerns over the countrys persistent zero-case policy and ailing property sector. The most-traded January iron ore on Chinas Dalian Commodity Exchange DCIOcv1 ended morning trade 0.2% higher at 717 yuan ($102.29) a tonne, off a session-high 728 yuan. On the Singapore Exchange, benchmark October iron ore was up 0.1% at $98.10 a tonne, as


Vallourec forecasts continued growth this year
Tue, 20 Sep 2022 00:00:00 GMT
French pipemaker Vallourec continues to foresee positive market dynamics thanks to higher drilling and OCTG prices, driven by global demand recovery and the inflationary environment, the company says in an investors presentation obtained by Kallanish. Thanks to continued improvement in its tube division, particularly in North America, which is forecast to offset lower performance


Iron ore futures close lower
Mon, 19 Sep 2022 00:00:00 GMT
Iron ore futures closed lower on Friday in daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for January 2023 delivery dipped 9 yuan (about 1.3 U.S. dollars) to close at 715 yuan per tonne. On Friday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 874,945 lots, with a turnover of about 62.48 billion yuan. As the worlds largest importer of iron ore, China opened the DCE iron ore futures to international investors



Number of steelmaking raw material news reports: 12
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