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Chinese Steel Market Highlights - Week 15, 2019

20 April 2019 - 14:17
This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.

South Africa: Iron Ore Exports Down 21% in Feb’19

20 April 2019 - 14:13
South Africa iron ore exports down 21% in Feb'19: South African iron ore exports in Feb'19 recorded at 5.53 MnT, down 21% as against 7.05 MnT in Jan'19. As per sources, the exports dropped amidst Saldanha port maintenance in Feb'19.On yearly basis, the exports increased marginally as compared to 5.25 MnT in Feb'18.

Global Iron Ore & Pellet Import Market Scenario in 2018

11 April 2019 - 17:27
The total iron ore & pellet imports in CY18 witnessed at 1,342 MnT. Amongst the major importing countries include China, Japan, India, South Korea, and Bahrain.

Iron ore price rally could give BHP, Rio Tinto 30% earnings boost

11 April 2019 - 16:48
Spot iron ore prices rose from $75 per tonne to $95 per tonne in the weeks following the Brumadinho dam disaster at Vale’s (NYSE: VALE) Feijao iron ore mine in Brazil, before settling in at about $85 per tonne, according to the latest research on the global iron ore market by the Macquarie Group.

Indian Iron Ore Exports May Hit 5 MnT in Q1 FY20

11 April 2019 - 10:23
Iron ore exports from India may hit 5 million tonnes (MnT) in Q1 FY20 on high demand for low grade from China, according to SteelMint analysis.

How Much Iron Ore Supply Disruption is Expected in CY19 - SteelMint Analysis

11 April 2019 - 09:38
As per SteelMint analysis, amidst the disruption and additions by global iron ore producers and exporters, the iron ore market for the year is expected to witness a shift against market demand and supply in CY18.

Vale says BSG ordered to pay it $1.25B

10 April 2019 - 08:45
SAO PAULO – Vale SA said on Tuesday a London arbitration court had ordered BSG Resources Limited to pay the iron ore miner $1.246 billion related to a dispute between the companies over a joint venture in Guinea.

India: NMDC Cuts Base Price for Karnataka Iron Ore E-auctions

9 April 2019 - 15:58
India's largest iron ore miner - National Mineral Development Corporation (NMDC) has announced reduction in floor prices in upcoming Karnataka e-auctions scheduled in Apr’19. Iron ore base prices at NMDC Kumaraswamy have decreased by around INR 150/MT in both fines and lumps.

India: Odisha Iron Ore Miners Offer Further Discount on Rising Production

9 April 2019 - 15:47
SteelMint in conversation with market participants learned that Odisha's 2nd largest merchant miner - Serajuddin Mines has further widened discounts on iron ore lump prices further today on bulk bookings.

Australian Iron Ore Exports Fell Sharply in Q1 CY19 Amidst Weather Disruption

9 April 2019 - 15:34
Australia - world's largest iron ore exporter has recorded drop in iron ore shipment for Q1 CY19, according to the vessel line up data maintained with SteelMint.
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