India’s steel giant - Tata Steel announced FY19 results yesterday. SteelMint attended the analyst/investor conference call and the highlights are mentioned below.
News ID: 4440 Publish Date : 2019/05/07
South Korea’s steel major - POSCO announced its quarterly result for Q1 CY’19 yesterday on 24 Apr’19. The major findings from the quarterly report are are as follows:
News ID: 4435 Publish Date : 2019/05/06
The Anglo American Kumba iron ore production for Q1 CY19 witnessed at 9.5 MnT, down 12% as against Q1 CY18 production at 10.8 MnT. On quarterly basis too, the production dropped 6% as against Q4 CY18 at 10.2 MnT. The production was on lower side due to unplanned plant maintenance at Sishen and Kolomela mine.
News ID: 4432 Publish Date : 2019/05/06
NMDC Ltd, India's biggest iron ore producer, has today announced a roll over in it's iron ore prices for May deliveries.
News ID: 4430 Publish Date : 2019/05/06
The third largest exporter of pellet in the global market, Ferrexpo Plc shared that the iron ore pellet market is to witness a shortfall of about 5-10 MnT in 2019. This is due to production disruption due to Vale dam mishap of Jan'19. Besides, the Samarco pellet plant in Brazil continues to be suspended and resumption may be delayed further.
News ID: 4428 Publish Date : 2019/05/06
Demand for medium grade iron ore fines continues to remain robust from Chinese steel mills. SteelMint in conversation with market participants learned that one of the merchant miners in Odisha has recently concluded low-grade iron ore fines (Fe 58/57%) to China at around USD 56-58/MT FoB India for May’19 loading.
News ID: 4427 Publish Date : 2019/05/06
Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded an increase in total iron ore & pellet sourcing for FY’19. The sourcing stood at 12.77 MnT in FY’19, up as against 12.32 MnT in FY’18.
News ID: 4426 Publish Date : 2019/05/06
Rungta Mines - India's largest private merchant miner has increased iron ore fines prices by INR 200/MT with effect from 20th April 2019.
News ID: 4409 Publish Date : 2019/05/04
According to trade sources report to the SteelMint, few Odisha based major merchant iron ore miners are heard to increased iron ore offers by INR 200/MT today. SteelMint learned that miners namely Serajuddin Mines, KJS Ahluwalia, Kaypee Enterprises and RP Sao have raised fines prices by INR 200/MT.
News ID: 4407 Publish Date : 2019/05/04
According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed fall in crude iron ore production for Q1 CY’19.
News ID: 4406 Publish Date : 2019/05/04
This week Chinese steel prices surge in the beginning of the week and witness decline towards the weekend over fluctuating futures. Meanwhile export offers inched up on weekly basis .
News ID: 4404 Publish Date : 2019/05/04
Fortescue Metals Group - world's 4th largest iron ore producer has reduced the sub-grade iron ore discount for SSF (super special fines).
News ID: 4401 Publish Date : 2019/05/02
Fortescue Metals Group - world's 4th largest iron ore producer, depicted fall in quarterly shipments in Q1 CY19 at 38.3 MnT, down 10% as against last quarter at 42.5 MnT.
News ID: 4395 Publish Date : 2019/05/02
Spot iron ore prices in China have observed downtrend this week. Fe 62% fines index which closed at USD 95.8/MT, CFR China on 12th Apr'19 fell and stood at USD 92.5/MT, CFR China yesterday.
News ID: 4393 Publish Date : 2019/05/02
JSW Steel - India's largest steel maker recorded total iron ore sourcing at 27.41 MnT in FY’19. The sourcing witnessed 15% fall Y-o-Y as against 32.41 MnT in FY18.
News ID: 4382 Publish Date : 2019/04/29
SteelMint in conversation with trade sources learned that Chinese mills have raised bids for low grade iron ore fines. Bids for low grade (Fe 57%) iron ore fines prices have picked up by around 12% W-o-W. The prices have dropped to around USD 56/MT, FoB India or equivalent to USD 66-67/MT, CFR China as against being USD 50/MT, FoB India last week.
News ID: 4379 Publish Date : 2019/04/29
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.
News ID: 4368 Publish Date : 2019/04/20
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.
News ID: 4321 Publish Date : 2019/04/11
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.
News ID: 4308 Publish Date : 2019/04/11
Turkey, the world's largest ferrous scrap importer has observed a sharp fall in imports of raw materials like Ferrous Scrap, Iron Ore, Coal and Ferro Alloy in Feb'19.
News ID: 4305 Publish Date : 2019/04/11