MMTC- India’s largest and state-owned trading house had floated export tender of 30,000 MT non-alloy Pig Iron on behalf of Neelachal Ispat Nigam Limited (NINL). The due date for submission of bids was till 26 Mar’19. and the shipment was scheduled between 10th-20th April 2019 from Paradip port.
News ID: 4190 Publish Date : 2019/04/04
Market sources shared with SteelMint that imported HRC offers to Vietnam have inched down this week by USD 5/MT. Disparity between HRC export offers from mills in China, India and lower bids resulted to slowdown in buying activities from Vietnam.
News ID: 4120 Publish Date : 2019/03/22
China's steel sector, and the imported iron ore upon which it relies, are currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish.
News ID: 4107 Publish Date : 2019/03/21
Brazil’s Vale (NYSE:VALE) has halted operations at the Alegria iron mine in the Mariana complex of Minas Gerais state, which may remove up to 10 million tonnes a year from the market.
News ID: 4104 Publish Date : 2019/03/21
Brazil’s state-controlled oil company Petroleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a securities filing released on Friday.
News ID: 3940 Publish Date : 2019/03/10
Vale- world's largest iron ore miner post the dam collapse of 25th Jan is proceeding with decommissioning of Forquilha I, Forquilha II, Forquilha III and Grupo dams which is expected to affect around 3 MnT production loss in 2019.
News ID: 3938 Publish Date : 2019/03/10
Brazil’s new right-wing government, led by former army captain Jair Bolsonaro, is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.
News ID: 3927 Publish Date : 2019/03/09
JSW Steel - India's largest steel maker recorded Jan19 iron ore imports at 0.19 MnT, down significantly by 79% as against 0.91 MnT in Dec’18. The miner imported 0.19 MnT of ore from Australia (down 74% M-o-M), and recorded nil imports from Brazil.
News ID: 3916 Publish Date : 2019/03/09
Brazil's pig iron exports increased by about 19% M-o-M in the first month of 2019, according to trade statistics released by Brazilian customs.
News ID: 3915 Publish Date : 2019/03/09
Brazil, the world’s second-largest Semi finished exporter, has exported about 815,503 MT Slabs in January 2019.
News ID: 3894 Publish Date : 2019/03/08
South Korea- world's 5th largest steel producers has imported about 0.26 MnT Billet in Jan'19 as against 0.14 MnT in Dec'18, significantly jump by 85% M-o-M, as per custom data maintained by SteelMint.
News ID: 3893 Publish Date : 2019/03/08
World's largest iron ore miner Vale has temporarily suspended operation at its Malaysian Distribution Centre for about 10 to 15 days owing to fire broke out.
News ID: 3888 Publish Date : 2019/03/08
Brazilian steel and iron ore producer Companhia Siderurgica Nacional (CSN) expects a 10-15pc increase in flat steel prices in March, as a result of higher slab costs owing to limited availability.
News ID: 3705 Publish Date : 2019/02/22
Brazil's mining agency (ANM) has ordered Vale (NYSE:VALE) to suspend operations at its Fabrica and Vargem Grande complexes, as part of an ongoing crack down following last month's deadly dam break at the iron producer’s Corrego do Feijão mine.
News ID: 3692 Publish Date : 2019/02/21
BHP, the world’s largest mining company, urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years.
News ID: 3674 Publish Date : 2019/02/19
Brazilian mining giant Vale (NYSE:VALE) issued a statement on Saturday saying that it had ordered the evacuation of some 200 people residing or working in 49 buildings that are located near its Mar Azul mine, in Nova Lima, Minas Gerais.
News ID: 3658 Publish Date : 2019/02/17
Kinross Gold's (TSX: K; NYSE: KGC) shares were up 6.25% on Friday, after reporting Q4 results this week. The company produced 2.45 million gold-equivalent ounces last year, with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company-wide production this year will be similar to 2018.
News ID: 3649 Publish Date : 2019/02/16
Iron ore mining giant Vale (NYSE:VALE) issued a statement Friday advising that there was a fire in one of the transfer houses of the belt conveyor system at its distribution center in Malaysia.
News ID: 3648 Publish Date : 2019/02/16
Eight employees of the Brazilian mining giant Vale (NYSE:VALE) were arrested on Friday as part of an ongoing criminal investigation into the deadly dam disaster in the town of Brumadinho, which killed at least 166 with over a hundred still missing.
News ID: 3627 Publish Date : 2019/02/15
About 700 people were evacuated on Friday from two different towns in the Brazilian state of Minas Gerais where a dam collapse last month killed at least 157 people, with nearly 200 still missing and feared dead.
News ID: 3595 Publish Date : 2019/02/08
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