Cleveland, Ohio-based Cliffs Natural Resources Inc. has announced that it is further reducing its expected 2014 capital spending range by approximately 25 percent, or $100 million, to $275-325 million. Cliffs indicated that the lower ...
Tags: Iron Ore, Natural Resources
Evraz Highveld Steel and Vanadium, South African subsidiary of Russia-based steelmaking and mining giant Evraz, has announced its financial results for the first quarter this year, posting a net loss of ZAR 105 million ($10 million), ...
Tags: Steel, Highveld Steel
According to a report released by the German Federal Statistical Office (Destatis), in April of the current year the import price of iron ore in Germany decreased by 20.4 percent year on year and was down 7.5 percent month on month. In ...
Tags: Iron Ore, import price
Brazil-based iron and steel maker Gerdau said Tuesday its proposed logistics and mining investments will enable the company to more than double iron ore production within the next six years, to 24 million mt/yr, from the current 11.5 ...
Tags: Iron Ore, steel maker
As of May 26, inventory of iron ore at 33 major Chinese ports amounted to 114.82 million mt, up 1.95 million mt or 1.73 percent compared to the inventory level recorded on May 19, as announced by China's Xinhua News Agency. As of the same ...
Tags: Iron Ore, Chinese Ports
The Indian state of Odisha is expected to renew the iron ore mining licenses of 10 out of 26 local mines within two months, according to a Reuters report quoting an Indian government official saying the license renewal process will be ...
The seaborne iron ore cended a two-day rally and dipped again Friday, tracking a withdrawal in buying activity as the fast spike and current supply glut hit spot purchasing. Platts assessed the 62% Fe IODEX at $98.75/dmt CFR North China, ...
Tags: Iron Ore, Seaborne Seaborne
In its financial results according to international financial reporting standards (IFRS) for the first quarter of the current year, Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest posted a 58.2 ...
Tags: hot briquetted iron, iron ore
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has stated that the Indian Supreme Court order for the temporary closure of about 26 iron ore mines in the Indian state of Odisha may result in a significant fall in ...
Tags: Iron Ore, import duty
The US ferrous scrap import market was quiet in East Asia during the week, regional traders said Thursday. Importing mills were staying away because they believed US scrap prices were likely to soften after iron ore broke the $100/dry mt ...
Tags: Steel Mills, Bulk Scrap
Turkish iron ore imports increased by 25% in the first quarter, on the back of higher blast furnace-based steel output and mills' restocking activity, according to statistics published this week. Data released by the Turkish Statistical ...
Tags: Iron Ore
London-listed, Africa-focused miner African Minerals has announced that in the first quarter of the current year it achieved a record direct shipping iron ore production of 5.3 million mt, compared to 2.2 million mt in the same quarter of ...
In April this year, China imported 47 million mt of iron ore from Australia, up 45.8 percent year on year, accounting for 56.4 percent of China's total iron ore import volume of 83.39 million mt during the given month, as announced by the ...
Tags: Iron Ore, Iron Ore Imports
Miner Rio Tinto is to change the basis for the iron ore lump premium in its quarterly iron ore term contracts with Chinese mills to one based on a monthly average of weekly Platts spot lump assessments, from a fixed premium level set on a ...
In March this year, Brazilian miner Vale's iron ore export volume totaled 22.47 million mt, increasing by 13.75 percent year on year, according to Brazil's National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). ...
Tags: Vale, Iron Ore Exports