The sharemarket surged to its highest closing level in almost five years yesterday, with the materials sector leading relatively broad-based gains after China reported stronger than expected trade data, Wall Street hit record highs and spot ...
Tags: Stocks, China Data
In April of the current year, China imported 67.15 million mt of iron ore and iron ore concentrate, up 16.4 percent year on year and increasing by 2.6 million mt month on month, according to the figures released by China's General ...
Tags: China, Iron Ore Imports
It’s reported that Brazilian Gerdau's mining division intends to export 1.5 million tons of iron ore this year. The company has two shipments scheduled for the current quarter through Vale’s port system. Gerdau sold its iron ...
Vale announced late Monday that it has been granted the installation license (LI) and vegetation clearing permit for the rail spur that will connect the Southern Range of Carajás mining district to the Carajás railway (EFC), ...
Tags: Installation License, Mineral
Gerdau reported Tuesday net revenue of R9.2 billion (US$4.6 billion) in Q1 2013 while shipments reached 4.6 million tons and steel production was 4.4 million tons. Net income was R160 million (US$79.6 million) in the quarter, a 60 percent ...
Brazil's iron ore export volume amounted to 23.35 million mt in April this year, increasing 3.4 percent compared to March and down by 8.6 percent compared to the same month of 2012, according to the preliminary information released by the ...
Tags: Flat Steel Exports, Mineral
On May 7, China Beijing International Mining Exchange (CBMX), China's only iron ore spot trading platform, and Singapore Exchange (SGX) announced the signing of a memorandum of understanding (MoU) aimed at boosting their cooperation in the ...
Tags: CBMX Inks
BHP Billiton, the 3th world's biggest iron ore suppliers, expressed that the increase speed in iron ore supplies would accelerate and it would lead a lower price of iron ore. “The increase speed of supply will accelerate in the next ...
Tags: Iron Ore, Ocean Shipping
According to report, Australian miner Fortescue Metals Group Ltd opens new mine named Firetail at Solomon. It is another step to become one of Asia’s major supplier. The development of Firetail mine for the first stage costs US 3.2 ...
Tags: Fortesuce, Firetail Mine
The dollar hit two-month lows after the central bank surprised economists by cutting interest rates to record lows and warned that the high exchange rate is continuing to act as a brake on growth. The Reserve Bank of Australia defied most ...
Tags: Dollar, Record Low
China's Ministry of Commerce (MOC) has announced that during last week (April 29-May 5) the average steel price in China decreased by 0.3 percent compared to the previous week. In particular, in the given week prices of 3 mm hot rolled ...
Tags: Steel Price, Mineral
Australian miner Fortescue Metals Group has announced that its Firetail iron ore mine, the first stage of the US$3.2 billion Solomon hub, has been officially opened, strengthening the company's position "as one of the world's leading ...
Tags: Fortescue, Iron Ore Mine
India's Steel Ministry has pointed out that the raw material needs of the two major domestic state-owned steelmakers Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) will increase by up to 39 percent within three years as ...
Tags: Steelmaker, Raw Material
As of May 7, inventory of iron ore at 25 major Chinese ports amounted to 70.53 million mt, indicating a decrease of 290,000 mt or 0.4 percent on week-on-week basis, as announced by China's Xinhua News Agency. As of May 7, the Xinhua-China ...
Tags: Iron Ore Inventory, Mineral
According to the data released by Brazilian Foreign Trade Secretariat,Secex showed that in April, Brazil exported 2334 million tons of iron ore, rose 3.4% year-on-year, decline 8.6%. In April, the Brazil's iron ore sales amounted to 2.54 ...
Tags: Iron Ore Exports, Iron Ore