As of March 10, inventory of iron ore at 25 major Chinese ports amounted to 103.21 million mt, indicating an increase of 2.17 million mt or 2.15 percent week on week, as announced by China's Xinhua News Agency. As of the same date, the ...
Tags: Iron Ore, Chinese ports, imported steel
India's state-owned miner National Mineral Development Corporation (NMDC) has announced that during the first 11 months ended February 28 of the financial year 2013-14 its iron ore output amounted to 26.42 million mt, up 12.3 percent ...
Tags: Iron Ore, Metallurgy, Mineral
At the AJM Global Iron Ore and Steel Forecast conference held in Perth on March 11, Australian miner BHP Billiton outlined how its focus on productivity and capital efficient debottlenecking in its iron ore business is delivering value. ...
Tags: BHP Billiton, Iron Ore
Recent declines in the price of iron ore have not disrupted contractual commitments with customers, a senior Rio Tinto official said Tuesday. "We haven't seen any impact in shipping commitments," said Andrew Harding, Rio Tinto's chief ...
During Investor Day 2014 held in London on Monday, March 10, ArcelorMittal CEO Lakshmi Mittal said that the current political turmoil in the CIS is likely to impact steel demand in the region, with regional demand growth expected to at ...
Tags: Steel, Core, Metallurgy, Mineral, Energy
Chinese steelmaker Chongqing Iron and Steel (Group) Co. announced on March 10 that it renewed its strategic cooperation agreement with China's state-owned Sinosteel Corporation on March 5. Sinosteel Corp.'s main activities include mining, ...
Tags: Chongqing Steel, Steel, Metallurgy, Mineral
China exported 4.8 million mt of finished steel in February this year, up 13.2 percent, while it exported 11.57 million mt of finished steel in the January-February period, rising by 26.3 percent, both year on year, according to data issued ...
Tags: Finished Steel, Steel Exports
UK-based London Mining, a global diversified miner targeting the steel sector, has announced its financial results for 2013, posting a net loss of $24.9 million, compared to a net loss of $107.8 million in the previous year. The company's ...
Tags: London Mining, Mineral
China's iron ore import prices are likely to come under pressure in March, as the expected increase in domestic steel output is unlikely to offset the impact of persistent iron ore oversupply in China, the China Iron & Steel Association ...
Tags: Iron Ore, Steel Demand
Iron ore exports from Port Hedland in Western Australia fell 1.8% to 27.7 million mt in February, from 28.2 million mt in January, data released by the port authority Thursday showed. Of the total, 21 million mt went to China, 2.7 million ...
Tags: Iron Ore, Manganese ore
The transaction prices of L8 and L10 steelmaking pig iron in northern China's Hebei province stood at Yuan 2,460-2,510 ($400-408) /mt on March 3, down 1.6% from Yuan 2,500-2,550/mt on January 28, with the widely expected post-holiday ...
Tags: Pig Iron, Steel Market
The Indian government has been caught between the conflicting demands of iron ore miners and steel producers regarding the recently imposed five percent export duty on iron ore pellets, a government official said on Wednesday, March 5. As ...
Tags: Iron Ore, Export Duty
According to local media, Mexican authorities raided 11 iron ore yards at the Port of Lazaro Cardenas—one of the country’s largest seaports—after revelations that drug cartels had been exporting ore to China. Over ...
Diversified miner trader Glencore Xstrata said Tuesday it sold 33.2 million mt of iron ore in 2013, a 68% annual rise in volumes, as it proceeds with studies for projects in Africa to gain marketing clout. As a relatively new entrant to ...
Tags: Iron Ore, Glencore Xstrata
According to a report by international credit rating agency Moody's, iron ore operations will support the profitability of vertically integrated CIS-based steelmakers, despite growing price risks on slowing demand from China and a supply ...
Tags: Steelmakers, Mineral