Brazilian crude steel production reached 2.5 million tonnes in February, down by 9.1 per cent from January, according to Brazil's steel institute IABR. Domestic steel products sales decreased by 7.2 per cent to 1.5 million tonnes, while exports increased by 10 per cent to 1.1 million tonnes, whilst the apparent consumption of steel products in
Crude steel production in Brazil declined by 9.1% in February Read More »
The Brazilian mining company Vale recorded a net profit of $3.72 billion for the fourth quarter of 2022, compared to $4.46 billion for the previous quarter and $5.35 billion for the fourth quarter of 2021. Net sales revenue in the fourth quarter of 2022 amounted to about $11.94 billion, compared to $9.93 billion in the
Vale’s net profit declined in the fourth quarter of 2022 Read More »
The Arab-Brazilian Chamber of Commerce announced that Brazilian exports to the Arab world achieved the highest record revenues since 1989, amounting to $17.74 billion in 2022, while the value of Brazilian imports from Arab countries amounted to $15.03 billion. The value of Brazilian exports to Saudi Arabia increased from $2.07 billion in 2021 to $2.92
Brazil’s iron ore exports will be $2.9 billion to Arab countries in 2022 Read More »
Trade authorities in Mexico have extended until June 2026 the antidumping duty of 29.3% on the import of hot rolled coil (HRC ) manufactured in Russia or Russian products imported from any other country. The duty covers products under HTS codes 7208.10.02, 7208.25.99, 7208.37.01 and 7225.30.03 of the General Import and Export Tax Law (TIGIE),
Mexico extends AD duties on Russian HRC until 2026 Read More »
In September this year, Brazilian miner Vale’s iron ore export volume totaled 22.52 million mt, declining by 6.1% compared to August and by 14.6% compared to September 2021, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). In the first nine months of the current year, Vale’s iron
Vale’s iron ore exports down 17 % in January-September 2022 Read More »
In June this year, Brazilian miner Vale’s iron ore export volume totaled 19.89 million mt, rising by 7.7 % compared to May and decreasing by 16.4 % compared to June 2021, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). In the first half of the current year,
Vale’s iron ore exports down 19.6 % in H1 2022 Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in July 2022, a 6.5% decrease compared to July 2021. Africa produced 1.2 Mt in July 2022, down 5.4% on July 2021. Asia and Oceania produced 110.1 Mt, down 5.2%. The EU (27) produced 11.7
World crude steel production declined by 6.5% in 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 »
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 »
Brazilian miner and iron ore producer Vale saw its net profit in Q4 2021 spike over 634%, year-over-year, from $739 million in Q4 2020 to $5.4 billion.Net revenues in Q4 2021 reached $13.1 billion, 6.2% up, year-over-year. Adjusted EBITDA in Q4 2021 was $6.9 billion, 23.5% down, year-over-year.Vale said iron ore output capacity by late
Vale’s net profit spikes to $5.4 billion in Q4 2021 Read More »
The Biden administration reached a deal to partly lift tariffs that the Trump administration had imposed on the Japanese steel. The agreement, announced by the US trade officials on February 6, would preserve some protections for US metal makers by turning the current 25 per cent tariff on Japanese steel into a so-called tariff-rate quota,
U.S. and Japan strike a deal to roll back us steel tariffs Read More »
According to data released on February 1 by the Brazilian Mining Institute (IBRAM), the Brazilian iron-ore exports in 2021 increased by 5% year on year to reach 358 million metric ton. IBRAM said the Brazilian iron-ore exports totaled $45 billion in value; it grew by 73% year-over-year. Iron ore accounted for most of Brazil’s total
358 million mt , Brazilian iron ore exports in 2021 Read More »
More than one million lives have been lost to COVID-19 since the start of the year and the toll continues to rise. Many more have suffered serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. These are difficult times, yet there are some reasons to be hopeful. Testing
Global Economic Growth Outlook 2020-2021 Read More »
U.S. President Donald Trump’s administration took new steps to curb steel imports from Brazil and Mexico on Monday, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio and Michigan. The U.S. Trade Representative’s office said it was reducing Brazil’s remaining 2020 quota for semi-finished steel imports into the
U.S. moves to curb steel imports from Mexico, Brazil Read More »