According to the prices of the global steel markets, the scrap price reached 358$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 525 and 680$/tonne, and the prices of rebar ranged between 620 and 660$ / tonne, Wire Rod ranged between 680 and 680$ / tonne. Prices for iron […]
Steel prices on the last day of July Read More »
Australia-based mining company Rio Tinto announced its financial results for the first half of this year. The company achieved a net profit of $9.41 billion in the first half of this year, compared to $13.06 billion in the same period the previous year, as the company’s consolidated sales revenue decreased by 10% in the first
Australia’s Rio Tinto posts lower net profit in H1 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 373$/tonne , Iron ore price was 100$/tonne , while the prices of billets ranged between 555 and 680$/tonne, and the prices of rebar ranged between 670 and 700$ / tonne, Wire Rod ranged between 750 and 750$ / tonne. Prices for iron
Steel prices in the fourth week of July 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 408$/tonne , Iron ore price was 96$/tonne , while the prices of billets ranged between 565 and 680$/tonne, and the prices of rebar ranged between 710 and 720$ / tonne, Wire Rod ranged between 750 and 800$ / tonne. Prices for iron
Steel prices in the third week of July 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 410$/tonne , Iron ore price was 114$/tonne , while the prices of billets ranged between 545 and 680$/tonne, and the prices of rebar ranged between 710 and 720$ / tonne, Wire Rod ranged between 750 and 800$ / tonne. Prices for iron
Steel prices in the second week of July 2022 Read More »
Brazilian iron ore miner Vale announced an agreement with local gas suppliers Eneva and Gasmar, for the supply of natural gas to its Sao Luis pellet plant, located in the northeastern state of Maranhao. The move will consolidate the use of natural gas in all Vale’s pellet plants until 2024. The company also operates pellet
Vale signs deal to power pellet plants with natural gas until 2024 Read More »
According to the prices of the global steel markets, the scrap price reached 375$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 500 and 550$/tonne, and the prices of rebar ranged between 660 and 680$ / tonne, Wire Rod ranged between 720 and 750$ / tonne. Prices for iron
Steel prices in the first week of July 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 329$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 500 and 580$/tonne, and the prices of rebar ranged between 610 and 660$ / tonne, Wire Rod ranged between 700 and 740$ / tonne. Prices for iron
Steel prices in the fourth week of June 2022 Read More »
Iron ore prices have fallen more than 7%, giving up all of their gains this year, with expectations that the domestic demand in China may decline. Iron ore consumption has been affected by the decline in the Chinese real estate market as the country faces the spread of the “Covid-19” virus. However, some optimism to
Iron ore prices fall by more than 7% as Chinese demand is expected to decline Read More »
In the January-May period of the current year, China’s outputs of pig iron, crude steel and finished steel amounted to 360.87 million mt, 435.02 million mt and 549.31 million mt, decreasing by 5.9 %, 8.7 % and 5.1 %, respectively, year on year, as announced by China’s National Bureau of Statistics (NBS). Though the production
China’s steel output down 8.7% in January-May 2022 Read More »
In April this year, Turkey’s iron ore imports totaled 1.24 million mt, increasing by 31.3 % compared to March and up 24.6 % as compared to the same month of 2021, according to the statistics provided by the Turkish Statistical Institute (TUIK). The value of these imports decreased by 4.5 % to $176.51 million year
Turkey’s iron ore imports increase 7.3% in January-April 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 413$/tonne , Iron ore price was 141$/tonne , while the prices of billets ranged between 585 and 620$/tonne, and the prices of rebar ranged between 725 and 740$ / tonne, Wire Rod ranged between 760 and 840$ / tonne. Prices for iron
Steel prices in the second week of June 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 435$/tonne , Iron ore price was 144$/tonne , while the prices of billets ranged between 590 and 630$/tonne, and the prices of rebar ranged between 740 and 770$ / tonne, Wire Rod ranged between 840 and 900$ / tonne. Prices for iron
Steel prices in the first week of June 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 456$/tonne , Iron ore price was 135 $/tonne , while the prices of billets ranged between 615 and 665$/tonne, and the prices of rebar ranged between 750 and 800$ / tonne, Wire Rod ranged between 840 and 900$ / tonne. Prices for
Steel prices in the fourth week of May 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 460$/tonne , Iron ore price was 136$/tonne , while the prices of billets ranged between 600 and 650$/tonne, and the prices of rebar ranged between 760 and 790$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the third week of May 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 490$/tonne , Iron ore price was 128$/tonne , while the prices of billets ranged between 610 and 660$/tonne, and the prices of rebar ranged between 810 and 840$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the second week of May 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 535$/tonne , Iron ore price was 139$/tonne , while the prices of billets ranged between 680 and 730$/tonne, and the prices of rebar ranged between 880 and 900$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the first week of May 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 550$/tonne , Iron ore price was 146$/tonne , while the prices of billets ranged between 680 and 720$/tonne, and the prices of rebar ranged between 880 and 900$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices at the end of April 2022 Read More »
Egypt’s imports of iron ore increased significantly last January, as the total value of imports amounted to about 128 million and 358 thousand dollars, an increase of 110 per cent compared to January 2021, in which the value of imports amounted to about 60 million and 986 thousand dollars, according to the data of the
Egypt’s imports value of iron ore increased by 110% in January Read More »
According to the prices of the global steel markets, the scrap price reached 620$/tonne , Iron ore price was 150$/tonne , while the prices of billets ranged between 700 and 770 $/tonne, and the prices of rebar ranged between 920 and 950$ / tonne. Prices for iron and steel products in Russia and Ukraine were
Steel prices in the fourth week of April 2022 Read More »
Brazilian miner and iron ore producer Vale has announced its operational results for the first quarter of this year. In the given quarter, the company produced 63.9 million mt of iron ore, down by six percent year on year and decreasing by 22.5 percent compared to the previous quarter, while its pellet production totaled 6.9
Vale’s iron ore output falls in Q1, coal output rises Read More »
According to the prices of the global steel markets, the scrap price reached 653$/tonne , Iron ore price was 160$/tonne , while the prices of billets ranged between 800 and 900$/tonne, and the prices of rebar ranged between 950 and 970$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the first week of April 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 655$/tonne , Iron ore price was 151$/tonne , while the prices of billets ranged between 810 and 910$/tonne, and the prices of rebar ranged between 950 and 970$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the fourth week of March 2022 Read More »
Nucor Steel has awarded SMS group, Inc. the contract to supply a complete melt shop for the new facility to be built in mason County, West Virginia. The scope includes two 190 metric ton direct current electric arc furnaces (DC EAF), two twin ladle furnaces, and two vacuum tank car degasser facilities. The mechanical supply
SMS group to supply new melt shop to Nucor Steel West Virginia Read More »
The Mauritanian company SNIM and the Turkish company Tosyali signed a long-term contract to supply iron ore from the SNIM Company to the industrial units of the Tosyali Company in Oran, Algeria. This contract is a return to SNIM to supply iron ore to the nearby Maghreb market and allows Tosyali to find a nearby
Signing a contract to supply Mauritania iron ore between SNIM and Tosyali Read More »
The price of iron ore rose on March 23, despite the decision by top steelmaking city Tangshan to implement a temporary lockdown. The Tangshan government implemented the lockdown on March 22 to avoid further cases of covid-19 as infections surged, the local government said in a statement. “Although consumption of steel products is relatively slow,
Iron ore price rises despite lockdown on China steel hub Read More »
According to the prices of the global steel markets, the scrap price reached 650$/tonne , Iron ore price was 150$/tonne , while the prices of billets ranged between 810 and 905$/tonne, and the prices of rebar ranged between 940 and 970$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the third week of March 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 650$/tonne , Iron ore price was 154$/tonne , while the prices of billets ranged between 890 and 910 $/tonne, and the prices of rebar ranged between 940 and 980 $ / tonne. Prices for iron and steel products in Russia and Ukraine
Steel prices in the second week of March 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 628$/tonne , Iron ore price was 153$/tonne , while the prices of billets ranged between 830 and 860$/tonne, and the prices of rebar ranged between 880 and 915$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in first week of March 2022 Read More »
Emirates Steel, the leading integrated steel plant in the Middle East, has sealed a memorandum of understanding (MOU) with Mauritania’s Société Nationale Industrielle Et Minière (SNIM) to look into the feasibility of creating a joint venture company to produce iron oxide pellets. Under the 18-month agreement, signed by Engineer Saeed Ghumran Al Remeithi, Group CEO
Emirates Steel and SNIM Agree on Vital Feedstock Supply for UAE Steel Production Read More »