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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

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

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

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

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 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

Iron ore, steel futures fall on China property woes
Sat, 17 Sep 2022 00:00:00 GMT
Dalian and Singapore iron ore futures fell on Friday after data showed Chinas property sector contracted further in August, with a seasonal demand boost usually seen beginning September not yet in sight. Property investment last month in the worlds top steel producer fell at the fastest pace since December 2021, according to Reuters - calculations based on official data. New home prices fell 1.3% year-on-year, the fastest pace since August 2015. The most-traded January iron ore on Chinas

Chinas property sector support buoys iron ore prices
Fri, 16 Sep 2022 00:00:00 GMT
Iron ore futures rose on Thursday, with the Dalian benchmark hitting its highest in more than two weeks, buoyed by Chinas intensified efforts to support the ailing domestic property sector. Hopes that top steel producer China would ease its COVID-19 restrictions also boosted sentiment. Chengdu city said it would lift a full lockdown on Thursday in all districts still facing strict movement curbs with a recent outbreak now under control. The most-traded January iron ore on Chinas Dalian

China steel, iron ore prices dip on global macro headwinds
Thu, 15 Sep 2022 00:00:00 GMT
Chinese steel futures fell on Wednesday after hitting two-week highs in the previous session, dragging down the prices of steelmaking ingredients including iron ore as global economic headwinds added to worries about demand for ferrous metals. Concerns over a rapid rise in steel production in recent weeks amid a fragile domestic demand recovery, and the prospect of intensified COVID-19 restrictions in China also weighed on the ferrous complex. The most-traded January rebar contract on the

Depressed demand plagues rebar market in Italy, Spain
Thu, 15 Sep 2022 00:00:00 GMT
Trading activity in the Southern European rebar market remained sluggish in the week to Wednesday September 14 due to weak demand, competitive import prices and a continued wait-and-see attitude among buyers, market sources told Fastmarkets.Producers have been raising prices since July to manage surging energy prices. The market has accepted these prices up till

Rio Tinto, China Baowu to develop Australian iron ore project ...
Wed, 14 Sep 2022 00:00:00 GMT
Rio Tinto Ltd RIO.AX said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore project in Western Australia for $2 billion as it looks to prop up its production from the Pilbara region. The deal comes amid fraught ties between Australia and China the worlds top exporter and buyer of iron ore, respectively with a recent push by Beijing to centralise purchases of iron ore stoking worries of a hit to mining giants such as Rio, BHP Group

Iron ore extends gains on supply concerns, China demand
Wed, 14 Sep 2022 00:00:00 GMT
Dalian iron ore hit a two-week high on Tuesday as trading resumed in top steel producer China after a three-day holiday weekend, with supply concerns and signs of stronger demand supporting prices. The most-traded January iron ore on Chinas Dalian Commodity Exchange ended daytime trade 2% higher at 728.50 yuan ($105.23) a tonne, after touching its highest since Aug. 29 at 732 yuan earlier in the session. On the Singapore Exchange, the steelmaking ingredients benchmark October contract rose

Number of steel trade news reports: 12
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