Goldman Sachs expects a clear deficit in the iron ore market during the rest of the year due to low inventories and a decline in production, and the bank also raised its price expectations. The volume of recent fiscal spending in Beijing could be a positive sign for domestic growth sentiment, which is often linked […]
Goldman Sachs expects a clear deficit in the iron ore market Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $370/ tonne, $12 up compared to last week’s prices, and iron ore prices $126.5/ tonne, $5 up compared to last week’s prices, while the prices of billets ranged between 455 – 500 Dollars per tonne, while it was between 455 –
Steel prices in the first week of November 2023 Read More »
Brazilian miner Vale produced 86.23 million metric tons of iron ore and 9.18 million metric tons of pellets during the third quarter of 2023, 3.9% and 11.1% less, respectively, compared to the third quarter of 2022. Compared to the second quarter of 2023, iron ore and iron pellets production increased by 9.5% and 0.7%, respectively.
Vale’s iron ore production declines in the third quarter of 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $363/ tonne, $7 down compared to last week’s prices, and iron ore prices $118/ tonne, $2 down compared to last week’s prices, while the prices of billets ranged between 475 – 505 Dollars per tonne, while it was between 485 –
Steel prices in the second week of October 2023 Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of August amounting to 24.183 million pounds. The company explained in a statement to the Egyptian Stock Exchange that sales of Bahariya Oasis mines during August amounted to 24.12 million pounds. She added that the sales value
Egypt : 24.18 million pounds in iron and steel sales to mines in August Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $370/ tonne, $4 down compared to last week’s prices, and iron ore prices $120/ tonne, unchanged compared to last week’s prices, while the prices of billets ranged between 485 – 510 Dollars per tonne, while it was between 475 – 520
Steel prices in the first week of October 2023 Read More »
The Executive Vice President of the Mining Sector at the National Industrialization Company, Dr. Fadi Trabzoni, details of the first pig iron shipments from Jizan to the United States. Trabzoni added, during his interview broadcast on Al-Ekhbariya channel, that the shipment is estimated at 37 thousand tonnes and will be exported from the first and
Saudi Arabia: Exporting 37 thousand tonnes of pig iron to the United States Read More »
In July this year, Brazilian miner Vale’s iron ore export volume totaled 22.65 million mt, rising by 2.2 percent compared to June and by 1.8 percent compared to July 2022, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). In the first seven months of the current year,
Vale’s iron ore exports up 1.1 percent in January-July Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $374/ tonne, $1 down compared to last week’s prices, and iron ore prices $120/ tonne, $3 down compared to last week’s prices, while the prices of billets ranged between 475 – 520 Dollars per tonne, while it was between 475 –
Steel prices in the last day of September 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $375/ tonne, $2 down compared to last week’s prices, and iron ore prices $123/ tonne, $2 down compared to last week’s prices, while the prices of billets ranged between 475 – 515 Dollars per tonne, while it was between 475 –
Steel prices in the fourth week of September 2023 Read More »
Cast iron production rose by more than the 2.6% increase in the country’s crude steel production. Iron ore production was generally down compared to July, with some steel mills in northern China produced less than their maximum capacity as they resumed idle furnace operations in early August. Authorities in the northern Chinese of Tangshan ordered
China’s cast iron production increased from January to August by 3.7% year-on-year Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $376/ tonne, $2 up compared to last week’s prices, and iron ore prices $116/ tonne, $1 down compared to last week’s prices, while the prices of billets ranged between 475 – 510 Dollars per tonne, while it was between 465 –
Steel prices in the second week of September 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $374/ tonne, unchanged from last week’s prices, and iron ore prices $117/ tonne, $1 up compared to last week’s prices, while the prices of billets ranged between 465 – 505 Dollars per tonne, while it was between 460 – 500 dollars
Steel prices in the first week of September 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $374/ tonne, $1 down compared to last week’s prices, and iron ore prices $116/ tonne, $7 up compared to last week’s prices, while the prices of billets ranged between 460 – 500 Dollars per tonne, while it was between 55 –
Steel prices in the fourth week of August 2023 Read More »
Bahrain Steel Company, a subsidiary of Foulath Holding Company, one of the global leaders in the production and supply of high-quality iron ore pellets, has signed a letter of intent with Essar International Group to supply iron ore pellets to the Arab Green Steel project. The signing ceremony was held on Wednesday, August 16, 2023
According to the prices announced in the global steel markets, scrap prices amounted to $361/ tonne, $10 up compared to last week’s prices, and iron ore prices $106/ tonne, $1 up compared to last week’s prices, while the prices of billets ranged between 445 – 480 Dollars per tonne, while it was between 4 435
Steel prices in the second week of August 2023 Read More »
In July, China imported 93.476 million tonnes of iron ore, up 2.45% year-on-year, while declining 2.1% month-on-month,, according to the BMT announced by Chinese customs on August 8. From January to July this year, China imported 669.456 million tonnes of iron ore, up 6.9% year on year. Demand for iron ore in China slowed in
China’s iron ore imports increased 6.9% in January-July 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $351/ tonne, $1 less compared to last week’s prices, and iron ore prices $105/ tonne, $5 less compared to last week’s prices, while the prices of billets ranged between 435 – 470 Dollars per tonne, while it was between 440 –
Steel prices in the first week of August 2023 Read More »
The price of iron ore declined, amid lower demand in the Chinese real estate sector, and despite government pressure on local authorities to revive the market. Iron ore fell 2.20% to $105 a ton during market trading in Singapore on Tuesday, after reaching $108.70 earlier in the session. Yesterday, steel prices fell, erasing the gains
Iron ore prices fell due to contraction in real estate sales in China Read More »
Iron and Steel Company for Mines and Quarries, affiliated to the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector, revealed that it achieved total sales of EGP 28.63 million in June. The Iron and Steel Company for Mines and Quarries said that the sales of Bahariya Oasis
Egypt: EGP 28.6 million in sales of the Iron and Steel Company to mines in June 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $352/ tonne, $3 less compared to last week’s prices, and iron ore prices $110/ tonne, $6 less compared to last week’s prices, while the prices of billets ranged between 440 – 480 Dollars per tonne, while it was between 440 -490
Steel prices in the last week of July 2023 Read More »
Brazilian mining company Vale announced that it had reached two separate agreements to sell 13 percent of its base metals business for $3.4 billion, with the aim of boosting its copper and nickel production. Under the two agreements, a joint venture between the Saudi Arabian Mining Company (Maaden) and the Public Investment Fund will acquire
Investment Fund and Ma’aden intend to acquire 10% stake in a subsidiary of “Vale” Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $355/ tonne, $15 less compared to last week’s prices, and iron ore prices $116/ tonne, $1 less compared to last week’s prices, while the prices of billets ranged between 440 -490 Dollars per tonne, while it was between 450 -490 dollars
Steel prices in the fourth week of July 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $370 / tonne, $9 less compared to last week’s prices, and iron ore prices $117 / tonne, $7 an increase of $7 compared to last week’s prices, while the prices of billets ranged between 450 -490 Dollars per tonne, while it
Steel prices in the third week of July 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $379 / tonne, $1 less compared to last week’s prices, and iron ore prices $110 / tonne, $2 less than last week’s prices, while the prices of billets ranged between 490-530 Dollars per tonne, while it was between 500-540 dollars per
Steel prices in the second week of July 2023 Read More »
In Tindouf, a partnership agreement was signed between the National Iron and Steel Company (FERAL) and the Chinese consortium “CMH” related to the exploitation of iron ores in the Ghar Jbeilat-Gharb mine and the valuation of its production by establishing a factory for the production of steel tiles in Bechar. This agreement was signed by
Signing a partnership agreement between FERAL and the Chinese consortium CMH Read More »
According to the prices announced in the global steel markets, scrap prices reached $380/tonne, unchanged from the previous week. Iron ore reached $112/tonne, unchanged from last week too, while billets ranged between $500-540 per tonne, which were Between 504 – 550 dollars per tonne last week, and the prices of rebar between 605 – 640
Steel prices in the first week of July 2023 Read More »
China Iron and Steel Association (CISA) data showed that China’s daily crude steel production of major enterprises reached 2.26 million tonnes from June 11 to 20, up 1.42% compared to the previous ten days. The pig iron average daily production was 2.02 million tonnes over the specified period, up slightly by 0.73% from the previous
China’s daily crude steel production increased by 1.11% in mid-June 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to 380 dollars/tonne, 8 dollars less compared to last week. Iron ore prices reached 112 dollars/tonne, 4 dollars less. As for billet prices, they ranged between 504-513 dollars per tonne, which were between 515-560 dollars per tonne last week. Rebar prices varied
Iron and steel prices in the fourth week of June 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to 387 dollars / tonne, less than 1 dollar compared to last week’s prices, and iron ore prices 116 dollars / tonne, an increase of 1 dollar compared to last week’s prices, while the prices of steel Billets ranged between 515-560 dollars
Iron and steel prices in the third week of June 2023 Read More »