A blast at a plant of Russia's steelmaker NLMK destroyed the roof of its coal storage facility and caused a brief fire late on Sunday, the Russian emergency ministry and the company said. The ...
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Focus on Ozernoe lead-zinc project as market faces mine closures. As the zinc market faces mine closures that would cut off nearly 900,000 tonnes of supply over the next two years, the future of the Ozernoe project in Russia has gained significance. The mine, which is located in the Republic of Buryatia, Siberia, is expected to produce 350,000 ...
But largely thanks to an iron ore price heading towards US$200 a tonne and adding a $30bn boost in tax receipts, the underlying cash deficit reported this week was $133.2bn for the financial year ...
MMK Metalurji starts HRC production. Magnitogorsk Iron & Steel Works' (MMK) Metalurji subsidiary in Turkey has started trial production of hot-rolled coil, the Russian company announced on Monday July 12. Located in the Iskenderun region, the mill halted operations at its meltshop and compact strip mill in late 2012.
Current coke prices are around 1,100 yuan ($171.90) per tonne higher than the January futures contract, while spot coking coal prices are also several hundreds yuan higher, according to a Huatai ...
Coal tar prices continue to fall back in Shandong [] [] 971963; Jiangxi Steel mills keep purchase prices of iron ore fines stable [] [] 971962; Taiwan's CSC keeps EF Al-killed wire rod price flat for next January [] [] 971961
The most-traded iron ore contract for January delivery on the Dalian Commodity Exchange ended daytime trading 5.1% lower at 511.50 yuan ($80.21) a tonne, after touching 510.50 yuan earlier in the ...
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November23: Iron ore price soared by 7.8%, coke price dropped by another 200yuan/ton, steel prices did not catch up. by admin on 21-11-24. On November 23, the domestic steel market price went up and down, and the ex-factory price of Tangshan ordinary billet was raised by 40 yuan/ton ($6.2/ton) to 4260 yuan/ton ($670/ton) .
Iron ore. Iron ore production in Russia in 2015 was flat in comparison with 2014 volumes, at 97.6 million tonnes. Capacity utilisation for iron ore in the Russia industry is close to 90-95%, due to stable demand from Russian steel producers and export sales. Metalloinvest is the largest iron ore producer in
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Some of the uncertainties are the gold price, price forecast for consumables and energy, variations in mine reserve blocks, confidence in ore grade and quality, and others according to the process. The average process cost per tonne or per unit of metal produced for the future operation will be obtained from this information.
Dear Sir, We are a dealer of ores in China. And now we are looking for raw manganese ore with mean grade 32%, Fe under 15%, K under 0.5 and Zn under 0.4. Our quantity needed is around 3000KGS per month. A quick response will be highly appreciated!...
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Hard coking coal, fob DBCT: $105.71 per tonne, down $1.00 per tonne. Hard coking coal, cfr Jingtang: $227.44 per tonne, up $6.66 per tonne. Coking coal market. In the cfr coking coal market, most Chinese market participants adopted a wait-and-see stance on Friday after the huge decrease in steelmaking industry futures prices on Thursday and ...
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Some of the sponge iron plants are captive to steel mills, but there is a significant domestic merchant market, India producing 57% of its crude steel in electric arc furnaces (2016). At integrated mini-mills, DRI can be hot charged to the EAF, at temperatures in the region of 650° C, thus making significant energy savings
Global ferrous prices. Argus' comprehensive coverage of the global ferrous markets provide independent price assessments, news and market analysis for iron ore, coking coal, ferrous scrap, pig iron and steel. Our global team of experts in China, Singapore, the UK and US provide more than 250 domestic and seaborne price assessments along with ...
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Westpac is the latest major financial institution to knock down its iron ore forecasts after prices dived below US$100/t again on a slowdown in steel production in China it describes as the largest since 2008. It revised its price forecasts down by US$10/t this week to US$100/t for the end of 2021 and US$80/t for the end of 2022.
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Prices for iron ore hit an all-time high in mid-2021 with significant price falls in August and September iron ore prices. Note also the recent increase in European natural gas prices, which are now 4-fold higher than in early-2021. Thermal Coal: Australian, 1200 btu/pound, less than 1% sulfur 14% ash, fob Newcastle, Port Kembla.
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Global coal use to hit record high despite climate fight. Despite global efforts to slash carbon emissions, global coal-fired power generation is expected to rise 9% and hit a record by the end of ...
Overall prices under 62%-Fe formulas lagged Vale's estimated prices, based on its index and freight terms, according to suppliers. IODEX 62%-Fe fines netback to Brazil, a benchmark for Atlantic iron ore product contracts, in November hit the lowest in two years to $66.351/dry mt FOB Tubarao, hitting pellet invoices with formulas tied to spot ...
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Extremely high prices for coking coal have also incentivised steel mills to prefer high grade iron ore as it enables them to use less coking coal. High iron ore prices over the past 33 months have ...
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Overview of the Steel and ron Ore arket Overview of the lobal steel and iron ore market Production output trends EIU experts revised downwards the estimates of the 2017 global steel output from 5.5 percent to 3.8 percent in accordance with the full-year statistical data released by the World Steel Association
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