News

News

  • China iron ore, steel futures rebound as COVID-led concerns ease

    BEIJING, April 27 (Reuters) – Chinese iron ore and steel futures rose on Wednesday after falling for two consecutive days, as concerns stoked by the COVID-19 outbreak eased. Benchmark iron ore futures on the Dalian Commodity Exchange had plunged more than 8% this week until Tuesday, while c...
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  • China’s steel inventories hit 13-month high amid COVID-19 resurgence

    China’s steel inventories hit a 13-month high April 20 as the country’s steel production continued to climb steadily in the wake of weak demand amid the latest COVID-19 resurgence. Domestic markets have a mixed steel demand outlook for the coming weeks, as pandemic uncertainty looms o...
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  • China steel industry continues to progress in development

    China’s steel industry has accelerated structural upgrade to pursue greener growth pathways and high-quality development, according to senior officials of the China Iron and Steel Association on Monday. “The industry has made remarkable progress in achieving high-quality developments ...
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  • China’s key steel hub policy set to lead to long-term decline in steel output

    No more direct steel output cut orders from Tangshan China’s steel output on rise in short term Tangshan’s steel output may be impacted in late 2022 China’s Tangshan city will no longer directly play a role in limiting steel output, but instead take a three-prong approach to kee...
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  • Brazil’s Vale maintains ‘positive’ outlook for iron ore, nickel prices

    The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. REUTERS/Adriano Machado SAO PAULO, Feb 24 (Reuters) – Brazilian miner Vale SA (VALE3.SA) on Thursday said it maintained “positive” expectations for the price of iron ore and nickel ...
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  • Iron ore price rises on hopes of demand recovery after Beijing Olympics

    Iron ore price rises on hopes of demand recovery after Beijing Olympics

    MINING.COM Staff Writer | January 6, 2022 | 3:51 am Markets China Iron Ore  China aims for ‘Olympic Blue’ with plans to extend steel curbs (Image: International Olympic Committee) The iron ore price rose on Thursday on expectations of a recovery in Chinese demand after the Beijing 2022 Olympics ...
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  • Indonesia coal miners seek export ban exemptions as costs grow

    Indonesia coal miners seek export ban exemptions as costs grow

    Reuters JAKARTA, Jan 6 (Reuters) – Major Indonesian coal miners have sought exemptions from a coal export ban put in place at the start of the year as the costs of having scores of ships stranded offshore continue to mount. The world’s biggest thermal coal exporter implemented the ba...
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  • China’s scrap demand no threat to US steelmakers: SDI

    Published date: 22 July 2021 US steelmaker Steel Dynamics (SDI) sees no threat from China’s rising demand for ferrous scrap as the world’s largest steel producing nation pushes growth of scrap-intensive electric arc furnace (EAF) capacity to fulfill carbon emission and environmental g...
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  • China aims to increase self-sufficiency on iron ore with technology

    In Commodity News 23/07/2021 China depends heavily on iron ore imports, with around 80 percent of the supply currently coming from abroad. In light of this, a group of scientists has set the goal to increase self-sufficiency in iron ore. The main reason behind China’s dependency on imported iron ...
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  • Australia’s June iron ore exports receipts push higher

    Published date: 23 July 2021 Australian export receipts from shipments of metalliferous ore, predominantly iron ore, hit a record high in June for the fourth successive month with firm demand from China and sustained high prices. They almost accounted for half of Australia’s total exports i...
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  • Dalian iron ore futures at nearly 3-week low on lean demand

    By Reuters Staff (Updates with closing prices) BEIJING, July 22 (Reuters) – Chinese iron ore futures fell for a fourth consecutive session, down more than 7% to their lowest levels in nearly three weeks, on prospects of more imports of the steelmaking ingredient and as demand eased on the ...
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  • Major steel mills in N. China resume operations with 70% capacity, but demand for iron ore to wane

    Major steel mills in N. China resume operations with 70% capacity, but demand for iron ore to wane

    By Chu Daye  and Qi XijiaPublished: Jul 05, 2021 07:34 PM Furnaces in all major steel mills in Tangshan, North China’s Hebei Province, the world’s No.1 steel-producing city that made about 14 percent of China’s raw steel in 2020, are firing again, an industry report showed on M...
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