India’s iron ore production has been provisionally estimated at 52 million mt in the April-May period of the fiscal 2024-25, up 2% over the corresponding period of the previous fiscal year, according to a statement of the ministry of mines released on Monday, July 1. Production of manganese ore was up 16.7% to 0.7 million […]
India’s iron ore output up 2% in April-May 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $391/ tonne, $5 up compared to last week’s prices. and iron ore prices $105/ tonne, $2 up compared to last week’s prices. While the prices of billets ranged between 495 – 520 Dollars per tonne, while it was between 495 –
Steel prices on the last day of June 2024 Read More »
BHP Group, which is the largest mining company in the world, revealed that it may not be able to achieve zero emissions by 2050 amid its production of huge quantities of iron ore, which is an emissions-intensive material. However, the group confirmed that it is still working hard to achieve this, pointing to its efforts
In the January-May period this year, China’s iron ore production amounted to 457.352 million mt, increasing by 13.4% year on year, according to China’s National Bureau of Statistics (NBS). In May alone, China’s iron ore production totaled 88.479 million mt, increasing by 9.0% year on year, while up 0.65% month on month. Import iron ore
China’s iron ore production increased by 13.4% in Jan-May 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $386/ tonne, from last week’s prices. and iron ore prices $105/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 495 – 525 Dollars per tonne, while it was between 500 – 525 dollars per
Steel prices in the fourth week of June 2024 Read More »
Speaking during the FII Priority Summit, Eduardo Bartolomeo, CEO of the Brazilian miner Vale, informed that the company’s current iron ore exports to the Middle East, 27 million mt per year, could be increased to 70 million mt per year, without mentioning deadlines. According to Bartolomeo, the increase could be based on the development of
Vale plans to increase iron ore exports to Middle East Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $386/ tonne, $4 up compared to last week’s prices. and iron ore prices $107/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 500 – 525 Dollars per tonne, while it was between 490– 525
Steel prices in the third week of June 2024 Read More »
India will stimulate iron ore enrichment for the needs of the steel industry and its transition to environmentally friendly steel production. This is reported by BigMint. It is expected that steel production in the country will reach 200-210 million tons by 2029/2030 fiscal year, which is 40-47% more than in 2023/2024 fiscal year. This rapid
India will stimulate iron ore enrichment for the needs of steelmakers Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $382/ tonne, $3 up compared to last week’s prices. and iron ore prices $109/ tonne, $7 down compared to last week’s prices. While the prices of billets ranged between 490– 525 Dollars per tonne, while it was between 490– 525 dollars
Steel prices in the second week of June 2024 Read More »
Iron ore prices fell to their lowest level in 6 weeks, in light of investors’ concerns about the prospects for Chinese demand as the extended crisis in the real estate sector enters its third year. Iron ore futures prices in Singapore fell by 3.3% to $111.70 per ton during today’s trading, recording the lowest level
According to the prices announced in the global steel markets, scrap prices amounted to $379/ tonne, $1 up compared to last week’s prices. and iron ore prices $116/ tonne, $5 down compared to last week’s prices. While the prices of billets ranged between 490– 525 Dollars per tonne, while it was between 493– 525 dollars
Steel prices in the first week of June 2024 Read More »
The signal to start the construction work of the first mixed unit for the production of iron ore concentrates in the Tomiyat region (north of Bashar) was officially given by the local authorities of Bashar State and officials of the “Tosyali Company.” The project aims to value the iron ore mine in Gara Djebilet (Tindouf).
According to the prices announced in the global steel markets, scrap prices amounted to $378/ tonne, $3 down compared to last week’s prices. and iron ore prices $121/ tonne, $3 up compared to last week’s prices. While the prices of billets ranged between 493– 525 Dollars per tonne, while it was between 495– 525 dollars
Steel prices in the fourth week of May 2024 Read More »
Fitch Ratings Agency expected steel, cement and aluminum production in China to recover, with an increase in construction activity from the second quarter of 2024, but indicated that the rise in steel and aluminum production would be greater, supported by better profit margins. The agency said that China’s crude steel production fell by 2% year-on-year
Fitch expects China’s steel, cement and aluminum production to recover in Q2 Read More »
The financial indicators of the Iron and Steel Company for Mines and Quarries showed the first 9 months of the current fiscal year. The company’s profits increased by 16%, on an annual basis. The company explained in a statement to the Egyptian Stock Exchange. It recorded profits after taxes amounting to EGP 113.255 million in
Egypt: Iron and steel mine profits rise to more than EGP 113 million within 9 months Read More »
In Algiers, three agreements and contracts were signed relating to mining and mining projects in Gara Jbeilat (Tindouf), Thala Hamza Oued Amizour (Bejaia) and Bechar, between national companies and international partners. The signing took place on the sidelines of a ceremony commemorating the 58th anniversary of the nationalization of mines and the 57th anniversary of
According to the prices announced in the global steel markets, scrap prices amounted to $382/ tonne, $3 down compared to last week’s prices. and iron ore prices $117/ tonne, unchanged from last week’s prices. While the prices of billets ranged between 505– 530 Dollars per tonne, while it was between 505– 530 dollars per tonne
Steel prices in the second week of May 2024 Read More »
ArcelorMittal increased its steel production by 5.1% quarter-on-quarter – to 14.4 million tons in the first quarter of 2024. The figure decreased by 0.7% compared to the same period in 2023. This is stated in the quarterly report published on the company’s website. Iron ore production for the last quarter amounted to 10.2 million tons,
ArcelorMittal’s production increased to 14.4 million tons of steel in Q1 of 2024. Read More »
In April 2024, Ukraine’s iron ore exports increased by 2% compared to the previous month, reaching 3.41 million tons. Compared to April 2023, exports increased twice. This is according to data from the government customs department. Ukraine’s revenues from iron ore exports last April amounted to $265.23 million, a decrease of 14.6% on a monthly
Ukraine’s iron ore exports increased 2.3 times in January-April 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $385/ tonne, $2 down compared to last week’s prices. and iron ore prices $117/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 505– 530 Dollars per tonne, while it was between 500– 530 dollars
Steel prices in the first week of May 2024 Read More »
HSBC expects the average price of iron ore to rise above $100 per ton this year, despite the real estate crisis in China hurting the outlook for steel demand in the country. Howard Lau, an analyst at the bank, said: We do not expect a significant increase in iron ore production by the major producers,
HSBC: The average price of iron ore will exceed $100 in 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $387/ tonne, $3 up compared to last week’s prices. and iron ore prices $119/ tonne, $2 up compared to last week’s prices. While the prices of billets ranged between 500– 530 Dollars per tonne, while it was between 500– 540 dollars
Steel prices in the fourth week of April 2024 Read More »
The Iron and Steel for Mines and Quarries announced that it achieved total sales in the month of last March amounting to 34.242 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines during the month of March amounted to 34.232 million pounds. The company
Egypt: Iron and Steel for Mines and Quarries sells worth 34.24 million pounds in March Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $384/ tonne, unchanged from last week’s prices. and iron ore prices $117/ tonne, $6 up compared to last week’s prices. While the prices of billets ranged between 500– 540 Dollars per tonne, while it was between 500– 540 dollars per tonne
Steel prices in the third week of April 2024 Read More »
The price of iron ore is expected to relapse to $100 per ton again by the end of this year, before falling further to reach $85 per ton in 2025, in light of the worsening Chinese housing market crisis, according to estimates by Capital Economics. Declining steel production and combating emissions from highly polluting ore
Price of iron ore may fall to $100 per ton again at the end of 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $384/ tonne, unchanged from last week’s prices. and iron ore prices $111/ tonne, $11 up compared to last week’s prices. While the prices of billets ranged between 500– 540 Dollars per tonne, while it was between 500– 590 dollars per tonne
Steel prices in the second week of April 2024 Read More »
Iron ore rose – with futures rising above $100 per ton – amid speculation that demand may rise in China, the largest country with steel makers. Futures contracts rose more than 4% to trade near $103 a ton in Singapore, rebounding from a second straight weekly loss during which they reached their lowest level since
Iron ore rises again above $100 amid expectations of increased demand Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $384/ tonne, $4 down compared to last week’s prices, and iron ore prices $100/ tonne, $1 down compared to last week’s prices. While the prices of billets ranged between 505– 590 Dollars per tonne, while it was between 505– 590 dollars
Steel prices in the first week of April 2024 Read More »
Indian steel producer ArcelorMittal Nippon Steel has awarded Danieli Corus an order for a new greenfield pellet plant project, to be implemented at the Visakhapatnam site, in India. This new travelling-grate pellet plant will increase ArcelorMittal Nippon Steel pellet production capacity in Visakhapatnam from 8 to 12 Mtpy. Pelletizing plant #3 is part of the
Arcelormittal Nippon Steel India Selects Danieli For A New Pelletizing Plant Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of February of 19.086 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines during December amounted to 19.08 million pounds. She added that the sales value
Egypt: 19.1 million pounds in iron and steel sales to mines during February 2024 Read More »