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Mac, Jimblebar iron ore fines discounts narrow

16 November 2018 - 15:08
Discounts are narrowing for lower-priced 62pc mainstream iron ore fines imported to China as shrinking profit margins force steel mills to shift their focus to controlling costs.

Vale holds talks to expand world's biggest open-pit iron mine

15 November 2018 - 18:31
Vale SA is holding talks with Brazilian officials about expanding the world’s largest open pit iron-ore mine to meet growing Chinese demand for the high-grade ore.

Indian pellet prices fall further in China

14 November 2018 - 23:25
Indian iron ore pellet prices have fallen by around 7.5pc so far this month to around $125/dry metric tonne (dmt) cfr China, hit by a drop in demand in the wake of less stringent environmental restrictions imposed on mills.

Iran: Iron Ore Exports to India Jump Three Fold in Oct'18

11 November 2018 - 02:29
According to the data maintained by SteelMint, Iran has exported 1.67 MnT iron ore via bulk shipments in the seventh month of Iranian year (during 23rd Sep- 22nd Oct'18).

Metso to deliver comminution solutions to NLMK Group in Russia

10 November 2018 - 00:23
Metso will deliver three grinding lines including spare parts and supervision to NLMK Group's Stoilensky GOK iron ore production plant in southern Russia.

China Minmetals signs 20m tonnes iron ore purchase agreement with Brazil's Vale

7 November 2018 - 18:27
State-owned metals and mineral trading firm China Minmetals signed a 20 million tonne iron ore purchase agreement with Brazilian mining giant Vale on Tuesday.

Essar Steel: Iron Ore Sourcing Up 10% in Sept'18

7 November 2018 - 14:34
Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded increase in total iron ore & pellet sourcing for the month of Sep'18. The sourcing stood at 0.88 MnT in Sep'18, up 10% M-o-M as against 0.81 MnT in Aug'18.

Chinese Steel Market Highlights - Week 42, 2018

7 November 2018 - 14:24
Spot iron ore fines prices moved up on weekly basis, demand for pellets remained on lower side resulting in reduction in sharp decline of USD 10.5/MT in spot pellet premium.

Vale expects jump in base metal performance in 2020

26 October 2018 - 20:56
Brazil's Vale, the world's top iron ore producer, is expecting major improvement in the performance of its base metals division in 2020 but said that production cuts would remain in effect this year and next while prices remain low, executives said on Thursday.

Turkey: Iron Ore Import Drops 11% in Aug’18

13 October 2018 - 19:27
The tenth largest importer of Iron ore, Turkey has recorded decline in iron ore imports for the month of Aug’18. The imports recorded at 1.08 MnT in Aug'18, down 11% as against 1.22 MnT in July'18. The Y-o-Y imports witnessed a rise of 26% in Aug'18 as against 0.86 MnT in Aug'17.
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