According to the prices announced in the global steel markets, scrap prices amounted to $367/ tonne, $3 down compared to last week’s prices. and iron ore prices $92/ tonne, $1 down compared to last week’s prices. While the prices of billets ranged between 455 – 585 Dollars per tonne, while it was between 450 – […]
Steel prices in the third week of September 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $370/ tonne, $6 up compared to last week’s prices. and iron ore prices $92/ tonne, $9 unchanged compared to last week’s prices. While the prices of billets ranged between 455 – 565 Dollars per tonne, while it was between 450 –
Steel prices in the second week of September 2024 Read More »
Iron ore prices rose as investors assessed the prospects of an end to the bearish wave that pushed the price below $90 a tonne earlier this week, touching its lowest level in nearly two years. The most active iron ore futures contract on the Singapore Exchange jumped 2.52% to $92.90 a tonne at 10:08 a.m.
Iron ore prices rise 2.5% as bearish wave ends Read More »
Iron ore price fell below $90 a ton on Monday as the industrial metal faces challenges from weak demand in China and concerns about global growth. Citigroup Inc. predicted that uncertainty over the U.S. presidential election in November could slow the global economy and weigh on metal prices. In Singapore, iron ore prices fell 2.3%
Iron ore price falls below $90 for first time since 2022 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $370/ tonne, $6 up compared to last week’s prices. and iron ore prices $92/ tonne, $9 down compared to last week’s prices. While the prices of billets ranged between 450 – 565 Dollars per tonne, while it was between 470 –
Steel prices in the first week of September 2024 Read More »
A major Chinese steel industry group has warned mills against ramping up production too quickly to avoid disrupting the post-summer economic recovery, especially after iron ore prices fell to their lowest since 2022, currently trading near $90 a tonne. The price of iron ore used in steelmaking has fallen by more than a third this
Iron ore price falls as China steelmakers warn Read More »
The Iron and Steel Company for Mines and Quarries announced achieving total sales in July worth EGP 22.5 million. The company explained, in a statement to the Egyptian Stock Exchange, that sales of the Bahariya Oasis mines in July amounted to EGP 22.49 million. It added that the value of sales of the Beni Khaled
Egypt: EGP 22.5 million in iron and steel sales for mines in July Read More »
Iron ore prices fell on Monday, trading below $100 a tonne amid continued slowdown in China’s industrial activity and a prolonged crisis in the real estate sector. The most active iron ore futures contracts on the Singapore Exchange fell 4.04% to $96.95 a tonne at 03:39 p.m. Mecca time. This comes after iron ore futures
Iron ore falls 4%, trades below $100 a tonne Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $364/ tonne, $4 up compared to last week’s prices. and iron ore prices $101/ tonne, $4 up compared to last week’s prices. While the prices of billets ranged between 470 – 490 Dollars per tonne, while it was between 465 –
Steel prices on the last day of August 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $360/ tonne, $10 down compared to last week’s prices. and iron ore prices $97/ tonne, $4 up compared to last week’s prices. While the prices of billets ranged between 465 – 490 Dollars per tonne, while it was between 465 –
Steel prices in the fourth week of August 2024 Read More »
Iron ore prices rose more than 3% during Wednesday’s trading, continuing their recovery for the third day in a row, supported by optimism that China will take further measures to support the real estate sector. The most active iron ore futures prices on the Singapore Exchange rose by 3.2% to $98.45 per ton during today’s
Iron ore prices rise about 3% to continue recovery for the third day in a row Read More »
The market value of the world’s top 4 iron ore mining companies has fallen, with the price of a tonne falling below $100 recently. Iron ore prices have fallen by more than a third since the start of 2024, with futures on China’s Qingdao Stock Exchange hitting $92.2 a tonne yesterday, the lowest since November
Top 4 iron ore miners lose nearly $100bn in market value due to falling prices Read More »
In June this year, Turkey’s iron ore imports amounted to 938,881 metric tons, up by 6.8% compared to May and by 29.8% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $117.01 million, increasing by 6.8% compared to the previous month
Turkey’s iron ore imports increase by 50.7% in January-June 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $370/ tonne, $8 down compared to last week’s prices. and iron ore prices $93/ tonne, $9 down compared to last week’s prices. While the prices of billets ranged between 465 – 490 Dollars per tonne, while it was between 475 –
Steel prices in the third week of August 2024 Read More »
Iron ore prices fell on Thursday to their lowest level in nearly two years on supply glut concerns as China’s steel output fell in July and Australian exports continued to surge. Singapore iron ore futures fell 2.6% to $93.20 a tonne on the day, their lowest daily level since November 2022, before recovering some of
Iron ore prices fall to near two-year low on supply glut concerns Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $378/ tonne, $9 down compared to last week’s prices. and iron ore prices $101/ tonne, $3 down compared to last week’s prices. While the prices of billets ranged between 475 – 500 Dollars per tonne, while it was between 480 –
Steel prices in the second week of August 2024 Read More »
The profits of the Iron and Steel Company for Mines and Quarries declined in the past fiscal year, reaching EGP 127.5 million during the period from July 2023 to the end of June 2024, compared to EGP 127.8 million in the comparative year. The company’s sales decreased to EGP 306.25 million in the past fiscal
EGP 127.5 million profits for “Iron and Steel for Mines” in 2023-2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $387/ tonne, $2 down compared to last week’s prices. and iron ore prices $104/ tonne, $2 up compared to last week’s prices. While the prices of billets ranged between 480 – 510 Dollars per tonne, while it was between 485 –
Steel prices in the first week of August 2024 Read More »
The Iron and Steel Company for Mines and Quarries announced achieving total sales in June worth EGP 17.83 million. The company explained, in a statement to the Egyptian Stock Exchange today, that the sales of the Bahariya Oasis mines in June amounted to EGP 17.83 million. It added that the value of sales of the
Egypt: EGP 17.8 million in iron and steel for mines sales in June Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $389/ tonne, $1 down compared to last week’s prices. and iron ore prices $102/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 485 – 515 Dollars per tonne, while it was between 495 –
Steel prices in the fourth week of July 2024 Read More »
Iron ore prices fell below the level of $100 per ton in trading after the “Third Plane” meeting of Communist Party officials in China failed to provide major incentives to boost demand for metals or fix the real estate crisis, in addition to the continued strength of supply. Data from Brazil – the largest exporter
Iron ore prices fell below $100 Read More »
In June of this year, Chinese mining companies increased ore production by 9.9% compared to June 2023, and by 9.2% compared to the previous month to 96.62 million tons, according to data from the National Bureau of Statistics (NBS). Iron ore prices were on a downward trend for most of June, with a sharp rise
China increased iron ore production by 13.2% y/y in H1 of 2024 Read More »
According to a statement released by the African Development Bank (AFDB), Mauritania plans to double its iron ore production to over 45 million mt per year over the next decade, in accordance with a shift towards low-carbon, which will require high-quality iron ore and direct reduced pellets. Within the scope of its plans, the country
Mauritania plans to double iron ore output Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, unchanged from last week’s prices. and iron ore prices $104/ tonne, $4 down compared to last week’s prices. While the prices of billets ranged between 495 – 520 Dollars per tonne, while it was between 500 – 520 dollars
Steel prices in the third week of July 2024 Read More »
The British-Australian mining company Rio Tinto announced its production volume in the second quarter of current year to 79.5 million tons. The volume of exports in the same period reached 80.3 million tons, an increase by 3% compared to the first quarter of current year and an increase by 2% compared to the second quarter
Rio Tinto production and exports declined by 2% in H1 of 2024 Read More »
Mining company BHP announced the growth of its total production of iron ore during the last quarter of the last fiscal year to 69.21 million tons, compared to 65.30 million tons during the same period of the previous year. Production of “Western Australian Crude Oil” (WAIO) rose during the last quarter to 68.17 million tons,
BHP’s iron ore production growth in the fourth quarter of the fiscal year Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, unchanged from last week’s prices. and iron ore prices $110/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 500 – 520 Dollars per tonne, while it was between 500 – 520 dollars
Steel prices in the second week of July 2024 Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of May of 19.87 million pounds. The company explained, in a statement to the Egyptian Stock Exchange, that sales of Bahariya Oasis mines in May amounted to 19.86 million pounds. The company added that the value of
The current iron ore pricing mechanism can no longer reflect the real supply and demand situation in the market, Luo Tiejun, vice president of the China Iron and Steel Association (CISA), has stated while attending the 10th anniversary of the Beijing Iron Ore Trading Center Corporation at Xi’an, Shaanxi Province. Mr. Luo urged the majority
According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, $1 down compared to last week’s prices. and iron ore prices $110/ tonne, $3 up compared to last week’s prices. While the prices of billets ranged between 500 – 520 Dollars per tonne, while it was between 495 –
Steel prices in the first week of July 2024 Read More »