Tag Archives: iron ore
As of January 12, inventory of iron ore at 33 major Chinese ports amounted to 97.90 million mt, up 1.26 million mt or 1.30 percent compared to the inventory level recorded on January 5, as announced by China’s Xinhua News Agency on January 13. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 71 points, remaining unchanged week on week. […]
In December this year, import iron ore prices in China indicated an overall declining trend amid some fluctuations, due to sluggish demand in the traditional off-season for business and weak finished steel prices. It is expected that import iron ore prices will continue to follow a downtrend in the coming period in line with colder winter weather conditions and the approach of […]
As of December 8, inventory of iron ore at 33 major Chinese ports amounted to 104.17 million mt, down 650,000 mt or 0.62 percent compared to the inventory level recorded on December 1, as announced by China’s Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 71 points, up one point week on week. Meanwhile, the Xinhua-China Iron Ore Price Index […]
As of December 1, inventory of iron ore at 33 major Chinese ports amounted to 104.82 million mt, down 1.09 million mt or 1.03 percent compared to the inventory level recorded on November 24, as announced by China’s Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 70 points, down one point week on week. Meanwhile, the Xinhua-China Iron Ore Price […]
In early May, rumors started to swirl that Severstal NA was putting its North American operations up for sale. This included two key facilities: Severstal Dearborn, an integrated mill which underwent a $740 million modernization program in 2011. Those upgrades included a new, five-stand, six-high, 72″ tandem cold mill linked to a pickle line and […]
It wasn’t all that long ago that Brazilian mining company Vale S.A. decided to enter the global shipping market. The move made sense; instead of hiring global shipping companies to transport iron ore from Brazil to Chinese steel mills, Vale would construct its own fleet. Up until then, the most commonly utilized iron ore carriers, […]
US domestic scrap prices retreat in February After increasing substantially in early December, scrap dealers expected prices to surge again the following month and therefore held inventories back. But when US domestic mills came into the market in early January, it was evident that scrap dealers may have held back too much inventory and availability—particularly […]
This certainly has been a difficult year for most industries and the steel sector is no exception. The first half of 2011 seemed to prove you right and I was about to eat my words, but the second half of the year unfortunately proved me right. I must admit that sometimes I hate to be right, but so be it. The economies in the US and in Europe positively buckled under the debt load and a lot of other economies have either stalled or are on the verge of doing so.
South America’s top steelmakers strategize for success. The South American steel industry is at a turning point. After surviving the worldwide economic downturn relatively unscathed, it has proven itself not only strong on the domestic front, but a growing powerhouse on the global stage.
Globalization: it’s a trend that’s celebrated and despised, welcomed and protested, anticipated and ignored. But despite the wide range of opinions on the subject, most can agree that globalization is very much a new world order, a further step in the evolution of human civilization.