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Vale revises down 2019 iron ore shipment projections

12 November 2019 - 16:28
Brazilian iron ore producer Vale has revised lower its shipment forecasts for this year, indicating tighter supplies for the rest of 2019 that may support seaborne prices.

India: Karnataka Iron Ore E-auction Sales Rebound in Oct'19

11 November 2019 - 13:54
Karnataka iron ore e-auction sales volume has rebounded for the month and registered an increase of 48% in Oct’19. Total iron ore allotted quantity was recorded at 2.82 MnT in Oct’19 compared to 1.91 MnT in Sept’19. This month sales stood the second-highest in this fiscal year after April’19 sales at 2.9 MnT.

Indian Steel Market Weekly Snapshot

9 November 2019 - 13:30
Indian steel market observed surge in price range in week 45 (2-9th Nov'19) amid improved trade volumes, as stated by market participants.

India: NMDC to Supply Iron Ore for Proposed Kadapa Steel Plant

8 November 2019 - 13:14
The Andhra Pradesh government and state owned mining major NMDC will soon sign an MoU for supply of iron ore, a critical raw material, for the proposed Kadapa steel plant plant, foundation for which is planned to be laid next month.

Vale to open shuttered Alegria mine, starting to restore lost output

5 November 2019 - 01:11
Miner Vale SA said on Friday it had been authorized by Brazilian regulator ANM to resume operations at its Alegria mining site, which were interrupted last March after a “stress test” failed to guarantee its stability.

BHP weighing LNG power for iron ore ships

5 November 2019 - 01:08
BHP, the biggest listed miner, aims to decide early next year who has won a tender for LNG-fueled transport to ship up to 27 million tonnes, or about 10%, of its iron ore to cut emissions by around a quarter, a senior executive said.

Indian Iron Ore Exports Up 53% in Oct’19 on Increase in Shipments to China

4 November 2019 - 14:46
Indian iron ore exports have recorded sharp increase in Oct’19. The exports were witnessed at 1.74 MnT, up 53% M-o-M as against Sep’19 exports at 1.14 MnT. On yearly basis, the exports have depicted a significant rise as compared to Oct’18 at 0.42 MnT.

Brazil: Vale to Resume Iron Ore Operations in Alegria Mines

2 November 2019 - 16:04
World’s largest iron ore miner- Vale informed yesterday through its press release that miner has got necessary authorization from the National Mining Agency to resume the operations of the Alegria Mine operation that has been halted since Mar'19.

Indian Low Grade Iron Ore Fines Trade Slow; Offers Inch Down

2 November 2019 - 16:00
SteelMint in conversation with market participants learned that bids for Indian low-grade fines from China have come down this week following the decline in global iron ore price. Low-grade fines (Fe 57/58) assessment of SteelMint moved down to around USD 53-55/MT CFR China, as against the last assessment at USD 55-57/MT, CFR China.

Brazil: Iron Ore Exports Up 15% M-o-M in Oct'19

2 November 2019 - 15:57
World's second-largest exporter of iron ore - Brazil has recorded an increase in iron ore export volumes to 31.2 MnT in Oct'19, as compared to Sept'19 which was at 27.14 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 16% as against 37.2 MnT in Oct'18.
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