Iron ore

Tags - Iron ore
Vale- world's largest iron ore producer witnessed drop in iron ore and pellet production for second quarter CY19 as a consequence of dam failure in Jan'19 resulting in subsequent halt at numerous mines and tailing dams.
News ID: 5482    Publish Date : 2019/07/25

South Korea’s steel major - POSCO announced its Q2CY19 results today. The major findings from the quarterly report are as follows:
News ID: 5479    Publish Date : 2019/07/25

West India (Rajasthan) based pellet maker - Jindal SAW lowered pellet (Fe 63%) offers for the week. Following decline in imported iron ore prices amid global iron ore prices, pellet maker has lowered offers. Current offers are at INR 8,300/MT (delivered Kandla) as against INR 8,500/MT towards closing of last week.
News ID: 5476    Publish Date : 2019/07/25

Fortescue Metals Group - world's 4th largest iron ore producer has reduced the sub-grade iron ore discount for SSF (super special fines) for Aug’19. SteelMint has learned from the market participants that FMG lowered its discount stable for SSF low-grade fines for the month of Aug’19 to 6% from 7% in Jul’19.
News ID: 5473    Publish Date : 2019/07/25

Seaborne iron ore pellet prices in China slipped this week, as a sharp decline in seaborne lump prices cut into demand for Indian pellet.
News ID: 5437    Publish Date : 2019/07/23

Iron ore prices have surged since April, but this has had little impact on European ferrous scrap prices and is likely to provide only limited support in the coming two to three months.
News ID: 5435    Publish Date : 2019/07/23

Guinea has launched an international tender for blocks 1 and 2 of Simandou, giving companies until Aug. 2 to outline their bids, as the country seeks to revive interest in the world’s largest undeveloped iron ore deposit.
News ID: 5410    Publish Date : 2019/07/22

Indian private-sector firm Tata Steel is aiming to expand its crude steel capacity to 30mn t/yr by 2025, from around 20mn t/yr currently.
News ID: 5380    Publish Date : 2019/07/22

SteelMint has learned from the market sources that Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled an auction for sub-grade iron ore (Fe 56%) fines yesterday (i.e. on 18th Jul'19).
News ID: 5354    Publish Date : 2019/07/20

Australia - world's largest iron ore exporter has recorded rise in iron ore shipment for second quarter CY19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 222.49 MnT in Q2 CY'19, up 18% as compared to 187.91 MnT in Q1 CY'19.
News ID: 5300    Publish Date : 2019/07/18

UK-South African mining firm Anglo American increased coking coal production in the second quarter after completing longwall moves. Its global iron ore output continued to rise following a restart at the Minas-Rio mine in Brazil.
News ID: 5293    Publish Date : 2019/07/18

A group of investors in Brazil’s Vale (NYSE:VALE), the world’s top iron ore producer, is seeking compensation for loses linked to the deadly dam burst in Brumadinho in January this year, which killed more than 300 people and caused extensive property and environmental damage in the region.
News ID: 5291    Publish Date : 2019/07/18

BHP Group, the world’s biggest miner, on Wednesday flagged $1 billion in productivity losses for fiscal 2019 as unplanned outages and bad weather hurt its iron ore production.
News ID: 5265    Publish Date : 2019/07/17

World's second largest iron ore miner- Rio Tinto's Pilbara depicted fall of 3% in iron ore shipment to 85.4 MnT in Q2 CY19 as against 88.5 MnT in Q2 CY18. The drop is attributed to fall in Apr’19 shipment due to recovery works following tropical cyclone Veronica in Mar’19. However, the shipment recorded significant rise of 24% as compared Q1 CY19 shipment at 69.1 MnT.
News ID: 5252    Publish Date : 2019/07/17

JSW Steel-- India's largest steel maker total iron ore sourcing recorded at 2.05 MnT in June'19. The sourcing witnessed 18% rise M-o-M as against 1.73 MnT in May'19. On yearly basis, sourcing fell marginally in June'19 as against 2.09 MnT in June'18.
News ID: 5244    Publish Date : 2019/07/17

This week (6th-13th Jul'19) Indian steel market observed limited demand in finished products, hence there is fall in price range by INR 200-1,000/MT (USD 3-15).
News ID: 5237    Publish Date : 2019/07/17

Indian iron ore pellet exports may be slower in the near term because of congestion at major shipping ports on the east coast.
News ID: 5234    Publish Date : 2019/07/16

BHP on Friday said it had released the world’s first tender for LNG-fuelled transport to carry up to 27 million tonnes, or about 10%, of its iron ore as it seeks to position itself at the forefront of responsible mining.
News ID: 5149    Publish Date : 2019/07/13

World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 150.02 MnT in H1 CY19, down 9% as compared to H1 CY18 exports at 164.51 MnT, according to trade statistics released by Brazil customs. Total volume of iron ore & pellet exports from Brazil stood at 161.84 MnT in H1 CY19 against 184.3 MnT in H1 CY18.
News ID: 5125    Publish Date : 2019/07/11

NMDC iron ore production for the quarter witnessed at 8.46 MnT, up by 23% Y-o-Y, SteelMint learned from sources. However production is down by 20% as against 10.6 MnT in Q4 FY19.
News ID: 5124    Publish Date : 2019/07/11

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