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Brumadinho dam disaster keeps hurting Vale: iron ore output falls 34%

22 July 2019 - 22:53
Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, saw output of the steelmaking commodity collapse by almost 34% in the second quarter of the year, compared to the same period in 2018.

Quarterly sponge iron output up 13% year on year

22 July 2019 - 21:33
Production of sponge iron in Iran rose 13 percent during spring, which corresponds to the first quarter of Iranian calendar year, compared to the same period of time in the past year, IRNA reported on Monday.

Tata Steel aiming for 30mn t/yr capacity by 2025

22 July 2019 - 11:52
Indian private-sector firm Tata Steel is aiming to expand its crude steel capacity to 30mn t/yr by 2025, from around 20mn t/yr currently.

ArcelorMittal’s Ukraine mill searched by security service

22 July 2019 - 08:04
The Ukrainian arm of the world’s biggest steelmaker said on Saturday that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelenskiy criticized the management.

India: Entire Quantity Booked in OMC's Koira Sub-grade Iron Ore Fines Auction

20 July 2019 - 15:38
SteelMint has learned from the market sources that Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled an auction for sub-grade iron ore (Fe 56%) fines yesterday (i.e. on 18th Jul'19).

South Korean Steel Mills Book Russian Scrap

20 July 2019 - 15:33
As per updates received, in a recently concluded purchase, South Korean EAF steelmaker, Dongkuk Steel has booked 10,000 MT of A3 grade scrap from Russia at USD 287/MT, CFR South Korea. This price is around USD 7-8/MT less than the last contract for Russian scrap by South Korean steelmakers, which was signed for USD 294-295/MT, CFR in June’19.

SE Asia Billet Market Update-19 Jul’19

20 July 2019 - 15:29
This week CIS billet export market remained slow witnessing less deals amid disparity between bids & offers. According to market sources report to SteelMint, current offers to SE Asia are at USD 455-460/MT CFR however buying interest is seen at USD 445-450/MT, CFR SE Asia levels. Prices have softened by USD 5-10/MT against last week.

South Korea Steel Exports in Q2CY’19

20 July 2019 - 15:24
South Korea billet exports in Q2CY’19- South Korea’s billet exports remained stable on quarterly basis at 0.1 MnT since last two quarters in CY19.

India: Arrival of Monsoon Hits Domestic PPGI Prices

20 July 2019 - 15:20
SteelMint in conversation with trade participants shared that domestic PPGI prices witnessed further correction by upto INR 750/MT this week as arrival of monsoon season lead to bearish market sentiments and slowdown of trade activities in domestic market.

Indian Rebar Trade Prices Fall on Weak Demand

20 July 2019 - 15:17
Rebar demand in Indian domestic market continues to slow down amid less buying inquires across major markets and poor lifting. This urged industrialists to adjust the price range as per market requirement and offers have reduced by INR 400-600/MT (USD 6-9) in a week's duration.
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