Fitch Ratings forecasts that after a period of severe destocking in 2012,raw steel production in China will grow 3%to 4%in 2013.But the ratings agency also believes that Chinese steel demand has likely peaked and should grow at less than ...
FIMI has pitched for a drastic reduction in export duty on low grade iron ore to 5%from the present 30%,the current rate has rendered shipments unviable. Mr RK Sharma secretary general,Federation of Indian Mineral Industries said that"We ...
Tags: FIMI, iron ore fines, Federation of Indian Mineral Industries
Times of India reported that Visakhapatnam Port Trust is facing rough weather due to the ongoing global downturn.A significant decline in overall cargo handling at VPT is on the horizon this fiscal thanks to a steep decline in handling of ...
Tags: Times of India, Visakhapatnam, VPT, iron ore exports
According to the Mineral Industry Survey released by the US Geological Survey, US iron ore production in September this year was 4.34 million tonne, nearly equal to the August level and down 1.4% YoY. In the first nine months of the year, ...
Tags: iron ore, iron, ore, iron ore production, pig iron
According to the State Statistics Committee of Russia, in the January to October period of the current year Russia's exports of iron ore decreased by 4.1% compared to the same period of last year to 21.022 million tonne, worth a total of ...
Tags: iron ore exports, iron ore, coal, semi coke
Iron ore producer BC Iron said that its USD 190 million deal with Fortescue Metals to boost output to 6 million tonnes will not be affected by any sale of Fortescue's infrastructure assets. Fortescue Metals Group said that it was in ...
Tags: iron ore, BC Iron, Fortescue Metals, infrastructure assets
Vale SA has initiated paying USD 674 million to the Brazilian government for violating an agreement over mining royalties. Vale as decided to settle a10 year old dispute with Brazil's federal government, agreeing to pay 3 installments of ...
Tags: mining royalties, planned level, earnings, iron ore prices, ore exports
Despite a tough time for the global resources sector over the past 12 months due to plunging commodities prices and ailing Chinese demand, Australia's iron ore exports are believed to have risen by 10% YoY in 2012 with more substantial ...
Tags: global resources, plunging commodities prices, ailing Chinese demand
Iran exported some 775,361 tonnes of iron ore in the first 8 months of the current Iranian calendar year which began March 20. The amount shows a 27% decrease compared to the same period last year. Iran's domestic need for steel ...
Tags: Iran, iron ore, iron export, steel production
Bloomberg reported that iron ore shipments from Australia advanced to a record in October as a strengthening Chinese economy boosted demand. According to government data compiled, exports gained 7.6% from September to 44.2 million metric ...
Tags: iron ore, industrial output, exports, Steel
According to foreign trade department Secex, Brazilian iron ore exports totaled USD 2.64 billion in November, with daily average shipment figures down 28.2% YoY. The country exported 32.6 million tonne of iron ore in November from 32.7 ...
Tags: iron ore price news, steel scrap price, scrap metal, iron ore
According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals, in September 2012 Brazil's iron ore exports amounted to 26.1 million metric tonnes, rising by 1.1% YoY and down 5.8% ...
Tags: iron ore, iron ore exports, Samarco