The Indian government is considering urging Indian state-owned miner National Mineral Development Corporation (NMDC) to halt exports in response to demand from local steel mills facing a shortage of raw materials, a senior government ...
Tags: Iron Ore, iron ore miner
Australian miner Cleveland Mining has announced that, together with its iron ore alliance partner Australia-based BC Iron, it is able to produce high grade iron ore concentrate from its Caetite project in the Brazilian state of Bahia after ...
Tags: Iron, High Grade Iron Ore
In the week from May 19 to May 25, on the Orbis Steel Index the Turkish scrap index moved down slightly, while the US (East Coast) HMS I/II scrap export index maintained its sideways movement. In the given week, the Turkish rebar index ...
Tags: Turkish Scrap, Steel
The US ferrous scrap import market was quiet in East Asia during the week, regional traders said Thursday. Importing mills were staying away because they believed US scrap prices were likely to soften after iron ore broke the $100/dry mt ...
Tags: Steel Mills, Bulk Scrap
Global crude steel production in April this year increased by 1.7 percent year on year to 136.63 million metric tons, while a 3.33 percent fall was observed on month-on-month basis, according to the World Steel Association (worldsteel). In ...
Tags: Crude Steel, Steel Output
Domestic iron ore concentrate prices in north China's Hebei province have declined further by an average 5.7% or Yuan 55/dmt ($11) over the week, in response to both lower domestic steel prices as well as weakening imported iron ore prices, ...
Tags: Iron Ore, Concentrate Prices
Molybdenum oxide and European ferromolybdenum soared higher Thursday as sources said the market was being driven by extreme tightness for oxide powder. The Platts daily dealer molybdenum oxide assessment climbed to $13.70-14.20/lb on ...
Tags: Molybdenum oxide, ferromolybdenum
Steel mills finalized their May scrap procurements in Ohio -- the last major US region to settle and the highest-priced -- late Thursday and into Friday, sources said. A majority of sales were concluded on a delivered mill basis at ...
Tags: Steel Mills, Ohio market
Transactions between US steel mills and ferrous scrap dealers remained in line Wednesday -- the tail end of the May buying period -- with price levels seen earlier in the period. Shredded scrap sales remaining $15/lt below April ...
Tags: Steel Mills, Scrap
The American Iron and Steel Institute (AISI) reported Friday that for the month of March 2014, US steel mills shipped 8,337,578 net tons, a 9.4 percent increase from the 7,618,380 net tons shipped in the previous month, February 2014, and a ...
Tags: Steel Mills, Steel
China's steel production has plateaued and mills are focusing on complying with tougher anti-pollution measures instead of expanding capacity, a senior official at the China Iron and Steel Association (CISA) said on Wednesday. The fight ...
Tags: Steel Production, Iron, Steel
The prices of L8 and L10 steelmaking pig iron in northern China's Hebei province traded at Yuan 2,470-2,480 ($401-403)/mt on Tuesday, up from Yuan 2,420-2,470/mt on April 1, both inclusive of 17% VAT. The slight rise in prices was ...
Tags: Pig Iron, Steelmakers
In the week from April 21 to April 27, on the Orbis Steel Index the Turkish scrap index continued to decrease, while the US (East Coast) HMS I/II scrap export index switched to sideways movement. In the given week, the Turkish rebar index ...
Tags: Steel, Construction, Metallurgy, Mineral
China's steel sector is exhibiting stronger mill margins and sentiment in April that may soon lead producers to "step up purchases of both iron ore and coking coal," Macquarie Bank said Friday. Mill inventory of iron ore is stable while ...
Tags: Steel Mills, Iron Ore
Chinese iron ore importers on Monday denied they were under pressure to sell their port stocks so that they repay their debts to the country's banks, refuting recent local media reports. The importers added that the price of the more than ...
Tags: Iron Ore, steel mills