Imports will account for close to 80% of China's iron ore requirements by 2016 as deteriorating ore quality makes more domestic supply uncompetitive in a lower price environment, China Hanking chief executive Guocheng Pan told an industry ...
Tags: Iron Ore Supply, Iron, Steel
Shanghai Futures Exchange (SHFE) launched trading of hot rolled coil (HRC) futures contracts today, March 21, offering another hedging tool for steelmakers amid growing price volatility. The most traded HRC contract for October delivery ...
Australia's Port Hedland is considering plans to increase its port capacity which could translate into an increase in the port's iron ore exports to 500 million mt per year through new terminals at Finucane Island and Lumsden Point, ...
Tags: iron ore, Metallurgy, Mineral, Energy
Australia-based Roy Hill Holdings has announced that it has signed a $7.2 billion funding package for the Roy Hill iron ore mining project located in West Australia's Pilbara region. According to Roy Hill Holdings, the Roy Hill project ...
Tags: iron ore, Metallurgy, Mineral
An industry group representing Chinese iron ore miners aims to satisfy 50% of the country's annual iron ore consumption with domestic supply by 2025, up from the current 30%, via consolidation and expansion of mining companies, a senior ...
Tags: Iron Ore, Domestic Supply, Chemicals
Ukrainian mining and steel producing group Metinvest has announced its results for 2013. Accordingly, in 2013 Metinvest's consolidated revenues totalled $12.807 million, up two percent compared with $12.569 million in 2012, mainly driven ...
Tags: Metallurgy, Metinvest, Mineral
UK-based iron ore mining-focused investment company International Mining & Infrastructure Corporation (IMIC) has announced its plans to accelerate to development of its Ntem iron ore project in Cameroon.Since its acquisition of Afferro ...
Tags: Iron Ore, Mineral, Metallurgy
UK-based iron ore mining-focused investment company International Mining & Infrastructure Corporation (IMIC) has announced its plans to accelerate to development of its Ntem iron ore project in Cameroon. Since its acquisition of Afferro ...
Trader procurement continued to boost spot demand in the Asian iron ore market, as trades got concluded at increasingly higher levels on the day, supporting a firming market. The Platts 62% Fe Iron Ore Index rose $2.75/dmt to $111.50/dmt ...
Tags: Iron Ore Market, spot demand, steelmaker
Chinese steelmakers cut their scrap purchase prices steadily this week, following the downward trend in futures and steelmaking raw materials markets, led by Shagang Group, the country's largest scrap consumer in eastern China's Jiangsu ...
Tags: Steelmakers, Iron Ore, raw materials
According to a report in Forbes Wednesday, Vale might have to forfeit $1 billion in investments at the Simandou iron ore deposit in Guinea if the Guinean government accepts the recommendations of a committee set up to review mining ...
Sentiment in the Turkish steel scrap import market remained strong Tuesday, but prices slipped modestly on a the back of a cheaper deal. A European merchant sold 40,000 mt of Heavy Melting Scrap I and HMS I/II to a medium-sized Turkish ...
Brazil's iron ore export volume amounted to 22.63 million mt in February this year, decreasing by 8.40 percent compared to January and up 9.46 percent compared to the same month of 2013, according to the information released by the ...
Tags: Iron Ore, Metallurgy, Mineral, flat steel, steel
Brazil's iron ore export volume amounted to 22.63 million mt in February this year, decreasing by 8.40 percent compared to January and up 9.46 percent compared to the same month of 2013, according to the information released by the ...
Tags: Iron Ore, flat steel, semi-finished products
Swiss-headquartered iron ore miner Ferrexpo, whose main interests are in Ukrainian iron ore assets, has announced its financial results for 2013. In the given period, Ferrexpo's net profit increased by 20.6 percent to $263.7 million ...