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ore prices
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Eastern China Ferrous Scrap Stable on Rising Price
Dec 28, 2015After 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
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CISA Tells China Iron Ore Importers to Keep Close Eye on Steel Credit Crunch
Dec 18, 2015China'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 ...
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Goldman Sachs Lowers 2017 Iron Ore Price Forecast $5/Dmt to $35/Dmt CFR China
Dec 18, 2015Investment 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
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Iron Ore Majors Must Cut 'like It's 1994' to Halt Further Price Drop: Investec
Dec 16, 2015Major 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 ...
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Asian Iron Ore Prices Hit $44/Dmt, Lowest Recorded on Iodex
Nov 25, 2015Seaborne 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
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Low Iron Ore Prices Hit Chile's CAP Mineria Despite More Volumes
Nov 10, 2015Chile'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 ...
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China Sources 84% of H1 Iron Ore From Australia
Aug 1, 2015China's iron ore demand is falling, but its share of imports from mining giants Australia and Brazil is rising, which is squeezing smaller miners and curbing their supply. China imported 453.1 million mt of iron ore in January-June, with ...
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Steel Mills Change Exports Due to Stagnant Market
Apr 30, 2015First-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
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African Mine
Apr 21, 2015State-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
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China Spends Less But Imports More Because of Price Slumps in The Global Commodity Market
Nov 10, 2014Price 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
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BIR Autumn Convention Held on 27-28 October in Paris
Oct 30, 2014At 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
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JSW Steel Has Announced Its Financial and Operational Results
Oct 28, 2014Major 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 ...
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CISA: China's Demand for Imported Iron Ore Will Indicate Slower Growth
Oct 27, 2014Xinchuang 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 ...
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Rise in Chinese Exports Will Alter Existing Market Balance
Oct 11, 2014Speaking 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
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Kim Marti Said That The Key Risks to The Global Economy Should Be Closely Monitored
Sep 30, 2014Speaking 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 ...
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