The fuel oil physical hi-lo -- the premium of 1% FOB Northwest European cargoes over 3.5% FOB Rotterdam barges -- came off a 17-month high Tuesday morning, having surged $12.75/mt to $62.75/mt Monday on fears Russia may stop or reduce gas ...
The conflict between Ukraine and Russia could cause the global LNG market to tighten further if the crisis were to escalate and affect gas flows into Europe, but high gas storage inventories in the region should create a buffer in the ...
Tags: Natural Gas, Mineral
US raw steel production picked up 1.6% week on week as steelmaking in the Great Lakes bounced up 4.4%, American Iron and Steel Institute data released Tuesday showed. In the week ended March 1, US mills produced 1.861 million st of raw ...
The Aluminum Corporation of China Ltd. (Chalco), the listed arm of the country's largest maker of lightweight metal, said it made net profits of 948 million yuan ($154.87 million) in 2013, reversing heavy losses in 2012. Total revenues ...
US environmental authorities made a rare move Friday to block a massive copper and gold mine in Alaska before it even gets under way, in a bid to protect wild salmon. The Pebble Mine project has the potential to be one of the biggest open ...
Tags: Alaska Mine, Metallurgy, Mineral, Energy
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
Alacero, the Latin American steel association, has reported that in 2013 China's finished steel exports to Latin America increased by 17 percent year on year to 5.3 million metric tons, while Latin America exported just 42,000 metric tons ...
Tags: Finished Steel, Mineral
In January this year, China exported 248,114 mt of stainless flat steel, up 19 percent compared to 208,340 mt in December and up 70 percent year on year. The growth is mainly attributed to the strong demand from Asian markets as well as low ...
Tags: Stainless Steel, Mineral
The US Census Bureau of the Department of Commerce announced Monday that construction spending during January 2014 was estimated at a seasonally adjusted annual rate of $943.1 billion, 0.1 percent (±1.5 percent) above the revised ...
Tags: Spending Edges, Mineral
In the first two months of the current year, Turkey's steel exports totaled 3.07 million mt, down four percent year on year, while the value of these exports decreased by 2.7 percent year on year to $2.3 billion, according to the data ...
Tags: Steel Exports, Mineral
Turkish rebar producer Izmir Demir elik Sanayi A. (IDC) has announced its financial results for 2013, stating that the challenges regarding the supply and demand balance continued in the last quarter of 2013 due to overcapacity. IDC pointed ...
Tags: rebar producer, Mineral
Indian steel rim producer Steel Strips Wheels Ltd (SSWL) has announced that in February this year it sold one million steel wheel rims, rising by 31 percent year on year. In the given month, the company's wheel rim exports increased to ...
Tags: Steel Wheel, Mineral
The Aluminum Corporation of China's 2013 alumina and refined aluminum production costs fell by 9% and 5%, respectively, year on year, the Hong Kong-listed producer said in its annual report filed with the Hong Kong Stock Exchange late ...
Tags: Aluminum Production, Mineral
Australia's IMX Resources said Monday it will end iron ore shipments from its Cairn Hill mine in South Australia over October-December, a quarter earlier than expected. The company said it moved up the timing from January-March 2015 after ...
Turkey's thermal coal imports in January rose to the highest in three months, gaining 36.2% on the year to 2.080 million mt with Colombian volumes displacing Russian imports as the country's main supplier of the fuel, according to data from ...
Tags: Thermal Coal, Mineral