Spot iron ore prices rose from $75 per tonne to $95 per tonne in the weeks following the Brumadinho dam disaster at Vale’s (NYSE: VALE) Feijao iron ore mine in Brazil, before settling in at about $85 per tonne, according to the latest research on the global iron ore market by the Macquarie Group.
News ID: 4321 Publish Date : 2019/04/11
As per SteelMint analysis, amidst the disruption and additions by global iron ore producers and exporters, the iron ore market for the year is expected to witness a shift against market demand and supply in CY18.
News ID: 4308 Publish Date : 2019/04/11
World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 22.18 MnT in Mar'19, down 23% as compared to Feb'19 exports at 28.93 MnT, according to trade statistics released by Brazil customs.
News ID: 4240 Publish Date : 2019/04/08
The Investor Mining & Tailings Safety Initiative has requested that over 600 resource companies, including major miners, reveal the safety records of their waste storage facilities, following the collapse of Vale’s Brumadinho dam in Brazil in January, which killed hundreds.
News ID: 4232 Publish Date : 2019/04/07
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
