In May this year, Brazilian mining company Vale’s iron ore exports amounted to 16.32 million tonnes, up 4.2% compared to April and down 11.7% compared to May 2022, according to the Brazilian National Confederation of Iron and Base Metals Extraction Industry (Sinferbase). Meanwhile, in May this year, Vale’s iron ore sales in its home market […]
Vale’s iron ore exports decreased by 13.7% in January-May 2023 Read More »
Last May, China’s total production of pig iron reached 77.00 million tonnes, crude steel 90.12 million tonnes, and finished steel products 118.47 million tonnes, down by 4.8%, down by 7.3%, down by 1.3%, year on year, while down by 1.08%, and by 2.72% and by 1.23% compared to April, respectively, the National Bureau of Statistics
China’s steel production increased from January to May 2023 Read More »
September iron ore futures, the most heavily traded on the Dalian Commodity Exchange, rose 5.7% from the previous week to 812 yuan/tonne ($114.03/tonne) for June 2-9, 2023. On the Singapore Exchange, quotations for the underlying July futures contract as of June 9, 2023, rose 8.2% compared to the price a week ago to reach $112.65/tonne.
Iron ore prices rose for the second week in a row Read More »
According to the prices announced in the global steel markets, scrap prices reached 385 dollars/tonne, unchanged from last week’s, and iron ore prices were 107 dollars/tonne, an increase of 5 dollars over the previous weeks. Billets prices ranged between 515 – 555 dollars per tonne, which were between 520 – 565 dollars per tonne last
Iron and steel prices in the first week of June 2023 Read More »
The government studied during its weekly meeting today, Wednesday, headed by Prime Minister Ayman Ben Abderrahman, a preliminary draft law regulating mining activities presented by the Minister of Energy and Mines. According to a statement of interests of the Prime Minister. The same source adds this draft text aims to revive the mining sector and
September iron ore futures, the most heavily traded on the Dalian Commodity Exchange, for the period from May 19 to May 26, 2023, fell 9.6% from the previous week – to reach 665.5 Yuan/tonne ($96.28/tonne).
Report: Iron ore prices drop after a week of recovery Read More »
According to the prices announced in the global steel markets, scrap prices amounted to 385 dollars/tonne, an increase of 8 dollars over last week. Iron ore prices reached 102 dollars/tonne, down by 6 dollars from last week’s prices, while the billets prices- ranged between 520 – 565 dollars per tonne, which were between 525-570 dollars
Iron and steel prices, the fourth week of May 2023 Read More »
The Abu Dhabi Ports Group announced the conclusion of a memorandum of understanding with Vale, the world’s largest producer of iron ore and one of the largest logistics service providers in Brazil, under which a massive industrial complex will be established in Abu Dhabi, producing low-carbon materials for the iron and steel sector that will
The financial indicators of the Iron and Steel Company for Mines and Quarries showed an increase in profits by 325% during the first nine months of the current fiscal year. The company said in a statement to the Egyptian Stock Exchange today that it recorded profits after taxes amounting to 97.76 million EGP from July
Egypt : Profits of iron and steel for mines triple in 9 months Read More »
According to the prices announced in the global steel markets, scrap prices reached $375 per tonne, the same as last week’s prices, and iron ore prices reached $108 per tonne, an increase of $5 over last week’s prices, while the steel billet squares prices ranged between 525-570 dollars per tonne, while they were between 520-560
Iron and steel prices, the third week of May 2023 Read More »
According to China’s National Bureau of Statistics, from January to April 2023, China’s iron ore production reached 314,382 million tonnes, up 8% year-on-year. In April, China’s total iron ore production amounted to 75.096 million tonnes, an increase of 0.7% compared to April of 2022, while it decreased by 13.1% monthly. Iron ore import prices hit
China’s iron ore production increased by 8% during the January-April period Read More »
According to the prices announced in the global steel markets, scrap prices reached $375/tonne, down $15 from last week. Iron ore prices reached $103 tonnes, the same price as last week, while steel squares – billets – prices ranged between $520-560/tonne, while they were Between 530-575 dollars per tonne in the past week, and rebar
Iron and steel prices for the second week of May 2023 Read More »
Iron ore prices are still under pressure from lower demand caused by the weak production of several steel mills in China. This is due to some companies doing maintenance during this period to prevent losses with the markets’ uncertainty. The steel manufacturers have lost hope in China’s economic recovery and the resumption of the construction
A look at iron ore prices for the coming period Read More »
According to the prices announced in the global steel markets, scrap prices reached $390/t, down by $13 from last week, and iron ore prices were $103/t, down by $3 from a week ago. However, steel squares – billets – ranged between $530-575 per tonne, while it was between $540-575 per tonne last week, and the
Iron and steel prices in the first week of May 2023 Read More »
ArcelorMittal Steel production, one of the largest steel producers in the world, increased by 9.8% in the first quarter of 2023 compared to the fourth quarter of 2022, reaching 14.5 million tonnes, while it declined by 11% compared to the same period last year, according to the published quarterly report on the Company’s website. Steel
ArcelorMittal steel production increased by 9.8% in the first quarter of 2023 Read More »
Iron and Steel Company for Mines and Quarries announced that it achieved total sales during March, amounting to 33.14 million EGP. In a statement to the Egyptian Stock Exchange today, the Company stated that Bahariya Oasis mines sales in March amounted to 33.1 million EGP. The Company added that Bani Khaled-Samalot quarries’ sales value amounted
Egypt: 33.1 million EGP of iron and steel sales to mines during March Read More »
Brazilian iron ore mining company Vale reported net profits of $1.88 billion for the first quarter of 2023, compared to $4.48 billion in the same period in 2022 and $3.74 billion in the fourth quarter of 2022. Compared to the fourth quarter of 2022, net sales revenue decreased by 29.4% to $8.43 billion, production costs
A significant drop in Vale’s net profit during the first quarter of 2023 Read More »
According to the prices announced in the global steel markets, scrap prices reached $403/t, down by $12 from last week, and iron ore prices were $106/t, down by $4 from a week ago. However, steel squares – billets – ranged between $540-575 per tonne, while it was between 545-580 dollars per tonne last week, and
Iron and steel prices in the last week of April 2023 Read More »
According to Reuters, the German industry will need investments of about 52 billion euros to get closer to climate neutrality by 2050, according to a study conducted by the German investment group Allianz Trade. According to the study, the steel industry ranks first among the sectors that will need €16.7 billion in investment for climate
Germany’s steel industry requires investments of €16.7 billion to decarbonise by 2050 Read More »
Iron ore prices fell to a four-month low amid exacerbating concerns about the global economy and oversupply. Likewise, lower steel production and demand continued to weigh on raw materials. Iron ore prices fell by 62% to reach $110/t CFR, which was attained on December 20, 2022. The main reason for the decline in prices across
Iron ore prices drop to $110/tonne due to macroeconomic concerns Read More »
According to the prices announced in the global steel markets, scrap prices reached $418/t, down $12 from last week. Iron ore prices were $110/t, down $9 from last week, while steel billets ranged between $545-580 per tonne, which were Between 550 – 590 dollars per tonne in the third week of April, and rebar steel
Iron and steel prices in the fourth week of April 2023 Read More »
The Ordinary General Assembly of the 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, announced the approval of its estimated budget for the next fiscal year 2023-2024. The Iron and Steel Company for Mines and Quarries
Egypt: Iron and steel mines target 145 million EGP in profits during 2023/2024 Read More »
The General Manager of the “Algeria Mines” Complex, Mohamed Sakhr Harami, said in Algiers, that the Complex has begun the completion of several transformational units within the framework of the strategy for mineral materials valuation, some of which will enter into service in the coming days. Mr Harami explained, upon his appearance as a guest
Algeria mines : Several transformational units will enter into service “soon” Read More »
According to the prices announced in the global steel markets, scrap prices reached $430/tonne, down by $8 from last week, and iron ore prices $119/tonne, down by $1 from last week, while steel billet prices ranged between $550-$590 per tonne, which were between $555-$600 per tonne in the second week of April. The rebar steel
Steel prices in the third week of April 2023 Read More »
According to the prices announced in the global steel markets, scrap prices reached $438/tonne, down by $2 from last week, and iron ore prices $120/tonne, down by $7 from last week, while steel billet prices ranged between $555-$600 per tonne, which were between $575 – $620 per tonne in the first week of April. The
Steel prices in the second week of April 2023 Read More »
May iron ore futures, which is the most heavily traded on the Dalian Commodity Exchange, for the week of March 24-31, 2023, rose 4.8% from the previous week – to 907 Yuan/t ($132.13/tonne). This put iron ore quotations back on the rise after two weeks of decline. On the Singapore Exchange, May futures contracts, as
Report: The resurgence of iron ore prices amid low inventories in China Read More »
According to the steel prices announced in the global steel markets, scrap prices reached $440 / tonne, down $13 from last week, and iron ore prices was $127 / tonne, up $6 from last week, while the prices of billets ranged between $575-$620 per tonne, while it was between $590 – $630 / tonne in
Steel prices in the first week of April 2023 Read More »
Brazilian mining company Vale has agreed to pay $55.9 million to settle a US investigation accusing it of misleading the disclosure of safety factors in its dams, one of which collapsed in Brazil in 2019. In January 2019, a dam in one of the Company’s iron ore mining mines in Brazil collapsed, killing at least
Brazilian company Vale agrees to pay $56 million to settle the dam safety issue Read More »
The Australian mining group BHP and Chinese steel group HBIS have agreed to test carbon capture, utilization and storage (CCUS) technologies at HBIS steel mills. As part of the project, it is planned to develop and test technologies that can be integrated into steel production processes to reduce carbon dioxide emissions. BHP CEO Mike Henry
A collaboration between Australian BHP and China’s HBIS Carbon Capture Read More »
Iron ore futures, the most traded on the Dalian Commodity Exchange for March 17-24, 2023, fell by 6.4% from the previous week – to 866.5 Yuan/t ($126.43/t). It is the second consecutive decline after reaching its highest level in 8 months. On the Singapore Exchange, April futures contracts, as of March 24, 2023, decreased by
Report: Iron ore prices drop amid China’s restrictions on steel production Read More »