Iron ore

Tags - Iron ore
Odisha Mining Corporation (OMC) succeeded in drawing an encouraging response at its latest round of auctions of iron ore lumps on December 3, SteelMint learned from market participants.
News ID: 2830    Publish Date : 2018/12/07

World's 3rd largest iron ore importer - South Korea has witnessed rise in iron ore import volumes in Oct’18. The imports witnessed at 6.13 MnT, up 20% as against 5.09 MnT in Sep’18.
News ID: 2733    Publish Date : 2018/11/28

Chinese steel mills are cutting back on purchase of premium mainstream medium and higher grade fines and lump, seeking to increase the proportion of lower priced ores in the furnace burden amid a sharp fall in profit margins.
News ID: 2697    Publish Date : 2018/11/23

According to an Argus Media report, BHP is expected to make up for lost iron ore shipments from Port Hedland for the rest of the year and stay on track to hit its July 2018-June 2019 guidance, following the derailment of one of its trains earlier this month.
News ID: 2686    Publish Date : 2018/11/22

Discounts are narrowing for lower-priced 62pc mainstream iron ore fines imported to China as shrinking profit margins force steel mills to shift their focus to controlling costs.
News ID: 2627    Publish Date : 2018/11/16

Vale SA is holding talks with Brazilian officials about expanding the world’s largest open pit iron-ore mine to meet growing Chinese demand for the high-grade ore.
News ID: 2620    Publish Date : 2018/11/15

Indian iron ore pellet prices have fallen by around 7.5pc so far this month to around $125/dry metric tonne (dmt) cfr China, hit by a drop in demand in the wake of less stringent environmental restrictions imposed on mills.
News ID: 2612    Publish Date : 2018/11/14

According to the data maintained by SteelMint, Iran has exported 1.67 MnT iron ore via bulk shipments in the seventh month of Iranian year (during 23rd Sep- 22nd Oct'18).
News ID: 2584    Publish Date : 2018/11/11

State-owned metals and mineral trading firm China Minmetals signed a 20 million tonne iron ore purchase agreement with Brazilian mining giant Vale on Tuesday.
News ID: 2525    Publish Date : 2018/11/07

Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded increase in total iron ore & pellet sourcing for the month of Sep'18. The sourcing stood at 0.88 MnT in Sep'18, up 10% M-o-M as against 0.81 MnT in Aug'18.
News ID: 2522    Publish Date : 2018/11/07

Spot iron ore fines prices moved up on weekly basis, demand for pellets remained on lower side resulting in reduction in sharp decline of USD 10.5/MT in spot pellet premium.
News ID: 2520    Publish Date : 2018/11/07

Brazil's Vale, the world's top iron ore producer, is expecting major improvement in the performance of its base metals division in 2020 but said that production cuts would remain in effect this year and next while prices remain low, executives said on Thursday.
News ID: 2454    Publish Date : 2018/10/26

The tenth largest importer of Iron ore , Turkey has recorded decline in iron ore imports for the month of Aug’18. The imports recorded at 1.08 MnT in Aug'18, down 11% as against 1.22 MnT in July'18. The Y-o-Y imports witnessed a rise of 26% in Aug'18 as against 0.86 MnT in Aug'17.
News ID: 2435    Publish Date : 2018/10/13

Swedish iron ore pellet producer LKAB is to extend maintenance at its Svappavaara pelletisation plant, with the facility now expected to be off line until January, dragging down 2018 output.
News ID: 2375    Publish Date : 2018/10/05

This week Chinese steel market witnessed slowdown in trades and downtrend in domestic steel prices amid bearish sentiments prevailing in domestic market ahead of National day holiday. Also tedious buying from overseas buyers have kept export offers on lower side.
News ID: 2363    Publish Date : 2018/10/04

Portside stocks of mainstream, medium-grade fines narrowed their discount to seaborne cargoes in September, as mills picked up buying at ports to build stocks for the golden week holidays, lifting portside prices.
News ID: 2333    Publish Date : 2018/10/02

China's crude steel production and iron ore demand are likely to peak this year, according to respective predictions from the Australian government and investment bank Morgan Stanley.
News ID: 2331    Publish Date : 2018/10/02

Rashtriya Ispat Nigam Limited - public sector enterprise has resumed iron ore purchases from Karnataka e-auctions after a gap of 1 month. In the e-auction conducted on 17th Sept, the steelmaker procured fines and lump from NMDC Kumaraswamy mines. Prior to this, it had procured material from Karnataka in July.
News ID: 2319    Publish Date : 2018/10/01

As the world's top buyer of the steelmaking raw material looks to offer more hedging tools to iron ore producers and steelmakers.
News ID: 2290    Publish Date : 2018/09/27

This week Chinese steel market consumed with bearish sentiments as China’s Tangshan government released document announcing that categorized mills into four categories - with those meeting the required environmental standards need not to limit production, while others will be required to cut production by 30%, 50% and 70%, respectively.
News ID: 2261    Publish Date : 2018/09/25

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