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Eastern China Ferrous Scrap Stable on Rising Price

Dec 28, 2015

After dropping for five consecutive weeks, ferrous scrap prices in eastern China remained stable for the second week following the recent increase in domestic rebar and seaborne iron ore prices. Platts assessed heavy melting scrap 6 mm ...

Tags: ferrous scrap, iron ore

CISA Tells China Iron Ore Importers to Keep Close Eye on Steel Credit Crunch

Dec 18, 2015

China's iron ore importers need to keep a close eye on the country's steel mills as they mull output cuts and shutdowns amid a year-end credit crunch, the China Iron and Steel Association said Thursday. Prices of iron ore derivatives ...

Tags: iron ore, Steel

Goldman Sachs Lowers 2017 Iron Ore Price Forecast $5/Dmt to $35/Dmt CFR China

Dec 18, 2015

Investment bank Goldman Sachs late Wednesday lowered its iron ore price forecast for 2017 by $5/dmt to $35/dmt CFR China after a faster-than-expected softening in seaborne prices. "Iron ore prices have reached our $40/dmt forecast one ...

Tags: iron ore price, steel

Iron Ore Majors Must Cut 'like It's 1994' to Halt Further Price Drop: Investec

Dec 16, 2015

Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...

Tags: iron ore, aluminum

Asian Iron Ore Prices Hit $44/Dmt, Lowest Recorded on Iodex

Nov 25, 2015

Seaborne iron ore prices reached a new historic low Tuesday as the Platts 62% Fe Iron Ore Index, or IODEX, lost $0.75/dmt on the day to reach $44/dmt CFR North China. It is the lowest point the IODEX has been since Platts' began spot ...

Tags: Seaborne iron ore, steel, ore

Low Iron Ore Prices Hit Chile's CAP Mineria Despite More Volumes

Nov 10, 2015

Chile's CAP Mineria's net profits in the first nine months of the year fell 83% to $17.3 million as lower iron ore prices cut income despite higher shipments and record production, according to results late Friday. The company, the mining ...

Tags: Iron Ore, iron, steel

Steel Mills Change Exports Due to Stagnant Market

Apr 30, 2015

First-quarter steel exports surged 40.7 percent to 25.78 million metric tons as mills responded to weak domestic demand and falling prices, the China Iron and Steel Association said on Wednesday. "Although domestic steel companies face ...

Tags: Steel Mills, steel exports

African Mine

Apr 21, 2015

State-owned Shandong Iron and Steel Group Co Ltd said on Monday that it has acquired the remaining 75 percent stake it does not own in a mining project in western Africa's Sierra Leone. Shandong Steel had earlier acquired a 25 percent ...

Tags: Steel Firm, Iron Group, Steel Group

China Spends Less But Imports More Because of Price Slumps in The Global Commodity Market

Nov 10, 2014

Price slumps in the global commodity market continued to allow China to spend less while importing more, helping China save on enormous import bills, latest customs data showed. In the first ten months of this year, China imported 252.6 ...

Tags: commodity market, crude oil

BIR Autumn Convention Held on 27-28 October in Paris

Oct 30, 2014

At the Bureau of International Recycling (BIR) Autumn Convention held on 27-28 October in Paris, concerns have emerged regarding a matter which only a few market players have considered with due attention so far, i.e., the volumes of steel ...

Tags: BIR, Convention, Energy

JSW Steel Has Announced Its Financial and Operational Results

Oct 28, 2014

Major Indian steelmaker JSW Steel (JSW) has announced its financial and operational results for the first half ended September 30 of the financial year 2014-15, posting a net profit of INR 15.6 billion ($254.4 million), compared to a net ...

Tags: JSW Steel, Results, Energy

CISA: China's Demand for Imported Iron Ore Will Indicate Slower Growth

Oct 27, 2014

Xinchuang Li, deputy secretary general of the China Iron and Steel Association (CISA), has stated at China Mining 2014 held in Tianjin that China's demand for imported iron ore will indicate slower growth, but will remain strong. The CISA ...

Tags: Iron Ore, Mining

Rise in Chinese Exports Will Alter Existing Market Balance

Oct 11, 2014

Speaking at the SteelOrbis 2014 Fall Conference & 71st IREPAS Meeting in Berlin, Ioannis Meimaroglu from Helveco Intertrade, the chairman of the raw materials suppliers committee, stated that the increasing volume of exports from China due ...

Tags: Metallurgy, Mineral, Energy, Raw Material

Kim Marti Said That The Key Risks to The Global Economy Should Be Closely Monitored

Sep 30, 2014

Speaking at the SteelOrbis 2014 Fall Conference & 71st IREPAS Meeting in Berlin, Kim Marti, international sales director of Spanish steel producer CELSA Group, said that the key risks to the global economy, such as geopolitical tensions ...

Tags: Kim Marti, IREPAS, Energy

Chinese Iron Ore Industry Worried About a Further Collapse in Prices

Sep 24, 2014

The iron ore industry is worried about a further collapse in prices as the Chinese government has signaled it is abandoning its aggressive policy stimulus to boost economic growth, according to media reports. China's Finance Minister Lou ...

Tags: Iron Ore, industrial output

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