Iron ore prices fell back on Tuesday after data showed five straight weeks of lower production by Chinese steel mills, which forge more crude steel than the rest of the world combined.
News ID: 10061 Publish Date : 2021/01/27
India's 21-day lockdown from today to combat its coronavirus outbreak has forced many of its iron ore exporters to declare force majeure, cutting supplies of lower cost iron ore fines just when Chinese steel mills were turning to them to preserve margins.
News ID: 8856 Publish Date : 2020/03/25
Benchmark iron ore prices climbed on Friday after economic data showed the country’s steelmakers produced just shy of 1 billion tonnes in 2019, the second record-breaking year in a row.
News ID: 8303 Publish Date : 2020/01/17
A Chinese steel producer located in Hebei Province has placed an order with Primetals Technologies for the supply of an Arvedi ESP (Endless Strip Production) line. The casting-rolling facility will be part of a new steelmaking facility with one BOF currently under construction.
News ID: 7887 Publish Date : 2019/11/06
Global iron ore production will grow modestly over the years due to mine expansions in Brazil and increasing output from India, according to Fitch Solutions’ latest industry trend analysis.
News ID: 7602 Publish Date : 2019/11/11
In the beginning of this week Chinese steel prices slump further amid bearish market sentiments both in domestic and overseas markets. However towards the end of this week steel prices in domestic market moved up marginally over volatile futures.
News ID: 6048 Publish Date : 2019/08/19
This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.
News ID: 4368 Publish Date : 2019/04/20
Chinese mills have resumed billet exports owing to falling prices in domestic market, but we do not see volumes to reach 2015 levels.
News ID: 2859 Publish Date : 2018/12/09
Primetals Technologies has received an order from Chinese steel producer Langxi County Hongtai Steel Co., Ltd.
News ID: 2596 Publish Date : 2018/11/14
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