The Brazilian mining giant Vale’s third-quarter net profits are expected to surge substantially by 70% year on year to hit US$2.8 billion, driven by lower input cost and increased iron ore prices, according to analysts. It’s ...
Tags: mining giant, Vale
According to a report from the Lake Carriers' Association, shipments of iron ore on the Great Lakes totaled 6 million tons in October, an increase of 9.6 percent compared to a year ago. The October ore float was also 8.8 percent ahead of ...
Tags: Iron Ore Shipments, Mineral
On November 5, China's Ministry of Commerce (MOC) announced that during last week (Oct. 28-Nov. 3) the overall average finished steel price in China remained stable week on week. In the given week, average prices of 12 mm diameter rebar ...
Tags: Finished Steel, Mineral
As of November 4, inventory of iron ore at 25 major Chinese ports amounted to 77.82 million mt, indicating an increase of 1.29 million mt or 1.68 percent week on week, as announced by China's Xinhua News Agency on November 4,. As of the ...
Tags: Iron Ore, Metallurgy, Mineral
In October of the current year, iron ore shipments from Australia's Port Hedland fell by just 0.1 percent compared to September and were up 33 percent year on year, totaling 28.9 million metric tons. According to the information released ...
Tags: Iron Ore, Metallurgy, Mineral, steel
ArcelorMittal South Africa has announced that it has signed a new iron ore supply agreement with Kumba Iron Ore which will regulate the sale of up to 6.25 million mt per year of iron ore by Sishen Iron Ore Company (SIOC) to ArcelorMittal ...
Tags: Iron Ore, Metallurgy, Mineral
Ukrainian iron ore and agglomerate producer Uzhniy GOK (UGOK) has announced that in October this year its iron ore concentrate production increased by 17.2 percent year on year to 1.005 million mt. Its output of agglomerate in the given ...
Tags: Iron Ore, Iron, Metallurgy, Mineral
Weak commodity prices, a shifting investment environment, and problems with governments and workers prompt Chinese mining companies to slow their expansion abroad, reports Du Juan from Tianjin Chinese investors in overseas mining projects ...
Tags: Metallurgy, Mineral, Energy
Rio Tinto and China's Chinalco have signed a memorandum of understanding to develop new mining technology and further develop Rio Tinto's mine of the future programme, Rio said Friday. Speaking at an event in Beijing Friday, Rio Tinto's ...
Tags: iron, Metallurgy, Mineral, Energy
UK-based mining giant Anglo American has announced that it has completed the sale of 100 percent of the Amapá iron ore operation in Brazil to Zamin Ferrous Ltd., a private international mining group that has been operating in Brazil, ...
Tags: Iron Ore, Metallurgy, Mineral, Energy
Reportedly, steel and iron ore futures in China climbed higher on Friday. Iron ore was up more than 3%, showing a sign of increasing demand began November. According to China's National Bureau of Statistics that the country's Purchasing ...
Tags: Rebar, Construction
Most domestic steelmakers are seeing an improvement in their third-quarter performance. Fifteen of the 20 listed steel companies that issued third quarter reports made profits, as opposed to last year, when up to 90 percent of the steel ...
Tags: Steel Industry, Steelmakers
Yieh Hsing, one of the major wire rod producers in Taiwan to keep its carbon steel wire rod prices unchanged for November. Also, the company has remained its wire rod prices unchanged for consecutive two months. Recently, the raw material ...
Tags: Carbon Steel Wire Rod, taiwan, Construction
On October 31, the China Iron and Steel Association (CISA) announced that in September this year China's Ministry of Commerce issued iron ore import licenses for a total of 113.20 million mt, valued at $14.228 billion. Meanwhile, in the ...
Tags: Iron Steel, Iron Ore
Metalloinvest, a leading global iron ore and hot briquetted iron (HBI) producer based in Russia, has announced its operational results for the third quarter of the current year. Accordingly, in the given quarter Metalloinvest's iron ore ...
Tags: Metallurgy, Mineral, steel