Steel trade, import & export news.

Iron ore snaps six-day losing streak on hopes of China stimulus
iron ore market singapore
Tue, 10 Sep 2024 00:00:00 GMT
Iron ore futures prices rose on Monday after six days of losses, as hopes of fresh stimulus from top consumer China following a batch of tepid economic data lifted market sentiment. The most-traded January iron ore contract on Chinas Dalian Commodity Exchange (DCE) ended daytime trade 0.44% higher at 685 yuan ($96.35) a metric ton. Earlier in the session, the contract had fallen as low as 662.0 yuan, its weakest since Aug. 21, 2023. The benchmark October iron ore SZZFV4 on the Singapore


Fading China optimism hits iron ore prices, but not yet volumes
iron ore market singapore
Mon, 09 Sep 2024 00:00:00 GMT
Chinas iron ore futures suffered their worst one-day price drop for almost two years on Monday, but the evaporating optimism in the market has yet to show up in imports of the key raw material for making steel. Contracts on the Dalian Commodity Exchange DCIOcv1 ended day trading on Monday at 723.5 yuan ($101.83) a metric ton, 4.83% down from the previous close and the largest daily loss since Oct. 31, 2022. The weakness was mirrored by Singapore Exchange futures SZZFc1, which closed at


U.S. fears Nippon Steel's bid for U.S. Steel could hit vital ...
nippon steel trade usa
Fri, 06 Sep 2024 00:00:00 GMT
The U.S. government is concerned that U.S. Steel would be less likely to seek tariffs on foreign steel importers if it is under the ownership of the Japanese


Steel ministry backs industry's demand to raise tariffs
india steel trade
Wed, 04 Sep 2024 00:00:00 GMT
Steel minister plans to persuade the finance ministry to increase tariffs on steel imports to protect domestic mills from cheaper imports, mainly from China. India became a net steel importer in the last fiscal year, with China being the top exporter. The government is also investigating anti-dumping measures on certain steel products from


Euroports Backs Hydnums Green Steel Export Initiative
europe ghg steel trade
Tue, 03 Sep 2024 00:00:00 GMT
Sep 03, 2024 Euroports backs Hydnums green steel export initiative Hydnum Steel and Euroports are aiming to create an integrated logistics system in Europe to... View


Decline in global iron and steel prices: how Ukrainian exporters ...
market steel ukraine
Tue, 03 Sep 2024 00:00:00 GMT
Exports of steel products may decrease by 300 thousand tons in annual terms


Rio Tinto IOC celebrates 70 years in the Labrador Trough
canada iron ore production rio
Fri, 30 Aug 2024 00:00:00 GMT
SEPT-LES, Canada--(BUSINESS WIRE)-- Rio Tintos Iron Ore Company of Canada (IOC) is celebrating its 70th anniversary, marking seven decades as a leading North American producer and exporter of premium iron ore pellets and high-grade concentrate. Over its history, IOC has been a pioneer in responsible iron ore production, making substantial contributions to the economy and local communities.


Kazakhstan: scrap export ban prolonged
kazakhstan scrap trade
Wed, 28 Aug 2024 00:00:00 GMT
The Ministry of Industry and Construction has announced the prolongation of the ban to export scrap for 6 more months since August 22. The ban covers ferrous metal wastes, as well as used pipes and rails. It is expected that the ban will provide local steel manufacturers with raw materials and increase capacity loading


Kyrgyzstan: Cabinet of Ministers to impose temporary ban on export ...
coal kyrgyzstan trade
Thu, 22 Aug 2024 00:00:00 GMT
The Cabinet of Ministers of Kyrgyzstan intends to impose a temporary ban on the export of coal by road. The corresponding draft document was published on the Single Portal for Public Discussion of Draft Regulatory Legal Acts of the Kyrgyz Republic and submitted for public discussion. The draft resolution states: to impose a temporary


European distributors lose volume in 2020s
europe steel
Tue, 20 Aug 2024 00:00:00 GMT
Geopolitical tensions, trade disputes and steel trade measures have disrupted formerly well...


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