According to a release from the Lake Carriers’ Association Thursday, massive, thick ice formations on the Great Lakes limited iron ore shipments in March to 1.1 million tons, a decrease of 43 percent compared to a year ago. Shipments ...
Tags: Iron Ore, steel production
Yang Jiasheng, chairman of the Metallurgical Mines' Association of China (MMAC), stated at SteelHome's 10th Steel Development Strategy Conference held in Shanghai at the weekend that China's demand for iron ore has entered a period of ...
Tags: Metallurgy, Mineral, Iron Ore
Brazil's iron oil exports to China in March rose to 12.1 million mt, 4% above the 11.6 million mt exported to that country in March 2013, Secex, Brazil's foreign trade secretary, said in data released Wednesday. The exports had a total ...
Tags: Iron Ore, iron ore exports
Iron ore shipments originating from US ports along the Great Lakes plummeted almost 55% in March compared to the five-year average for the month as "massive" ice formations stymied vessel movements, the Lake Carriers' Association said ...
Tags: Iron ore, steel production
Ukraine-focused iron ore miner Ferrexpo said Thursday it saw a 10.8% gain in pellet sales to 2.84 million mt over the first quarter compared with a year ago due to strong demand indicated by higher premiums charged to customers. The ...
Tags: Iron Ore, Ferrexpo, key markets
The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. ...
Tags: Iron Ore, Interest Resurfaces, spot market
Iron ore Capesize freight rates continued to edge down this week, with expectations that rates could see further contraction in the next week, market sources said Thursday. The West Australia to Qingdao iron ore Capesize market was active ...
Tags: Iron Ore, freight rates, miner
BHP Billiton has lifted its production guidance for Western Australian iron ore to 217 million mt for the 12 months to June 30, up by 5 million mt from its earlier estimate, the Melbourne-based miner said Wednesday. The "relatively ...
Tags: Iron Ore, BHP Billiton
On April 15, China's Ministry of Commerce (MOC) announced that during last week (Apr. 7-13) the overall average finished steel price in China rose by 0.6 percent compared to the previous week. In the given week, the average prices of ...
Tags: Metallurgy, Mineral, Energy, Finished Steel, Steel
Vale SA announced Tuesday that it has secured 6.2 billion reais (US$2.8 billion) in funding from Brazil’s state development bank in order to expand its Caraja mine, the world’s largest iron-ore complex. The funds will finance ...
Tags: Caraja mine, iron-ore
Australian miner BHP Billiton has announced its production results for the third quarter and the first nine months ended March 31, 2014, lifting its iron ore production guidance for the financial year 2013-14 by five million mt to 217 ...
Tags: Iron Ore, BHP Billiton
Australian iron ore miner Fortescue Metals Group has announced that its iron ore shipments in the third quarter ending March 31 of the financial year 2013-14 totaled 31.5 million mt, increasing by 56 percent and indicating a rise of 13 ...
Tags: Iron Ore, iron ore shipments
In the first quarter of the current year, Kazakhstan produced 912,100 mt of crude steel, up 19.3 percent year on year, according to the State Statistics Committee of Kazakhstan. Production of flat steel in Kazakhstan in the January-March ...
Tags: Crude Steel, ferroalloy
Iron ore prices are likely to drop to $115/dry mt CFR China this year, lower than Q1's $120.68/dmt average, forcing as much as 70-80 million mt/year of high-cost Chinese supplies to shut, Standard Bank said Monday. Iron ore reference ...
Tags: Iron Ore, iron ore demand
Indian miner Vedanta Resources has announced that in the January-March period this year it produced 1.5 million mt of iron ore, after resuming mining operations in the Indian state of Karnataka on December 28, following clearance from the ...
Tags: Vedanta Resources, mining