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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
https://www.hellenicshippingnews.com/iron-ore-concentrate-output-up-4-in-5-months-on-year/


Chinas steel output cuts continue to gather pace in September
Mon, 20 Sep 2021 00:00:00 GMT
Chinas steel output cuts have gathered pace in September and are expected to widen further in the coming weeks as the country looks to cap 2021 crude steel output and emphasizes on lowering energy usage, sources said. A few mill sources expected Chinas steel output cuts to widen further in late-September or October, mainly as the overall cuts by mid-September have remained insufficient to keep the countrys 2021 crude steel output within 2020 levels. During January-July, Chinas crude
https://www.hellenicshippingnews.com/chinas-steel-output-cuts-continue-to-gather-pace-in-september/


Europe should temporarily suspend steel tariffs to help industry ...
Sun, 19 Sep 2021 00:00:00 GMT
Europe should temporarily suspend its tariffs on imported steel to head off shortages and avoid harmful effects on industry, Italian Industry Minister Giancarlo Giorgetti said on Friday. Asked if Rome planned to intervene in the 25% tariff scheme, Giorgetti said that Europe had prioritised the interests of the steelmakers during the health pandemic without realising this could have serious knock-on effects on supply. The situation is unsustainable this measure should be temporarily
https://www.hellenicshippingnews.com/europe-should-temporarily-suspend-steel-tariffs-to-help-industry-italy-minister/


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
https://www.hellenicshippingnews.com/chinese-steel-ingredients-fall-as-regulator-extends-environmental-curbs/


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
https://www.hellenicshippingnews.com/shanghai-stainless-steel-futures-hit-record-high-on-supply-crunch/


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
https://www.hellenicshippingnews.com/chinese-coal-steel-and-cement-firms-to-see-further-consolidation/


China Steel lifts prices 1.32% next month, in Q4
Fri, 17 Sep 2021 00:00:00 GMT
China Steel Corp yesterday said it would raise prices for domestic deliveries by 1.32 percent next month and for next quarter to reflect higher manufacturing costs and rising steel demand. Strong global economic recovery, a bullish prediction of Taiwans GDP growth of 5.4 to 6 percent, and large infrastructure projects in the US, China, Europe and India have set the tone for a strong steel market for the coming seasons, but there is still uncertainty due to the COVID-19 pandemic and
https://www.hellenicshippingnews.com/china-steel-lifts-prices-1-32-next-month-in-q4/


Engineering Angle: Measuring friction for stamping of zinc-coated ...
Thu, 16 Sep 2021 07:00:00 GMT
Researchers at Oakland University studied how the coefficient of friction between tool steel inserts and zinc-coated UHSS sheet is influenced by lubrication thickness, sliding speed, and contact
https://www.thefabricator.com/stampingjournal/article/stamping/engineering-angle-measuring-friction-for-stamping-of-zinc-coated-uhss


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
https://www.hellenicshippingnews.com/explained-why-guinea-coup-has-rattled-iron-ore-and-bauxite-markets/


Chinas crude steel output slips for third month on production ...
Thu, 16 Sep 2021 00:00:00 GMT
Chinas crude steel production fell for a third straight month in August as Beijing maintained curbs on production to reduce carbon emissions, official data showed on Wednesday. The worlds largest steel producer churned out 83.24 million tonnes of the metal last month, down 4.1% from July and well down on output of 94.85 million tonnes in August 2020, data from the National Bureau of Statistics (NBS) showed. That was the lowest monthly output since March 2020, not accounting for January and
https://www.hellenicshippingnews.com/chinas-crude-steel-output-slips-for-third-month-on-production-curbs/



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Regional Industry Developments


South Asia Announcements



FLSmidth's acquisition of Thyssenkrupp mining unit to exclude ...
Mon, 06 Sep 2021 07:22:05 GMT
COPENHAGEN Reuters - The acquisition of Thyssenkrupp (DE:TKAG)'s mining activities by Denmark's FLSmidth, a deal announced in July, will not include Thyssenkrupp's operation in India, FLSmidth


High coking coal prices to impact gross margins of steel mills ...
Mon, 06 Sep 2021 00:00:00 GMT
High coking coal prices are likely to impact gross margins of steel mills, says India Ratings and Research (Ind-Ra). Accordingly, coking coal prices were up 5 per cent MoM and 103 per cent YoY to $222 per MT in mid-August 2021. Australian coking coal prices are receiving support from a strong demand from Asian countries, ex-China. The limited availability of prompt coking coal cargoes for near-term deliveries due to logistical issues, including freight and container unavailability and high


India proposes retaliatory duties on EU-origin steel imports
Thu, 02 Sep 2021 00:00:00 GMT
India has proposed to impose an additional 292 million ($346m) worth of import duties on products coming from the EU. The proposed duties will be in retaliation against quota restrictions put in place by the EU on steel imports from India. India has submitted the request to the World Trade Organisation (WTO),Kallanishnotes. The nation




Middle East Media Releases



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


Steel products export rises 88% in 5 months on year
Wed, 15 Sep 2021 13:04:02 GMT
TEHRAN- Irans export of steel products increased 88 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


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




Africa Industry Headlines



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


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


Guinea coup rattles iron ore and bauxite markets, stokes economic ...
Tue, 07 Sep 2021 00:00:00 GMT
A military junta on Sunday claimed to have seized control in the West African country of Guinea and detained President Alpha Cond, casting uncertainty over key bauxite and iron ore supplies. The coup, carried out by an elite special forces unit led by 41-year-old Colonel Mamady Doumbouya, is the latest in a series of power grabs in the region over the past year, including in nearby Mali and Chad. Doumbouya has claimed the army was forced into action amid rampant corruption, human rights







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