Australia: Iron ore export shipments increase 5% m-o-m in Dec’24 Brazil: Iron ore export shipments down 2% m-o-m in Dec’24 South Africa: Iron ore exports rise 8% m-o-m in Dec India: Iron ore exports rise by 18% m-o-m in Dec Article From Bigmint Intersteelbd
Mysteel: Shagang Group (Shagang), China’s leading private steelmaker headquartered in Zhangjiagang in East China’s Jiangsu province, has cut its list prices of rebars, wire rods, and bar-in-coils by RMB 100/tonne (t) ($13.6/t) for sales during the middle ten days of January, Mysteel Global learnt. Shagang’s new pricing policy means the company has pared prices of its […]
European Aluminium and EUROFER, representing the aluminium and steel value chains in Europe, have urged the European Commission to take immediate measures to address the growing issue of scrap leakage. The associations emphasised that the unchecked export of aluminium and ferrous scrap is undermining the EU’s green transition, strategic autonomy, and circular economy objectives. Why […]
Indian manganese ore producers raised their prices for January 2025 deliveries in response to MOIL’s recent increase in offers. For January 2025, MOIL lifted offers for Mn grades above 44% by a marginal 1% m-o-m, while lumps below 44% saw an uptick of 5% m-o-m, BigMint learnt from sources. Additionally, prices of all SMGR (Mn […]
In December 2024, China’s coal and lignite imports surged to 52.346 million tonnes (mnt), representing a 10.7% increase compared to the same month in 2023. This rise contributed to a record-breaking total for the year, with imports reaching 542.697 mnt, a 14.4% y-o-y growth. The sustained increase in imports highlights China’s ongoing demand for coal […]
Mysteel Global: China’s ferro chrome (FeCr) market faced persistent downward pressure throughout 2024, a consequence of the significant oversupply caused by surging production and tepid demand from stainless steel manufacturers. This oversupply trend is likely to extend into 2025, Mysteel warned in its annual ferro chrome market report published on 9 January, even as production growth […]
Mysteel: China’s metallurgical coke prices were still weak on 9 January after slipping the previous day. The RMB 50-55/tonne (t) ($6.8-7.5/t) price cut has squeezed many coke producers’ margins, and some of them have started to further rein in production to avoid larger losses, according to market sources. Mysteel’s survey conducted among a sample of 30 […]
Iron ore prices in Odisha remained largely stable this week with need-based procurement seen from steelmakers. Some miners concluded active deals of higher grade lumps for January sales which improved market sentiments slightly but major buyers remained cautious against aggressive procuring. BigMint’s Odisha iron ore fines (Fe 62%) index remained stable at INR 5,200/t ($60/t) […]
Global ferrous scrap markets witnessed a downtrend in prices, with a slight decline this week. Weak demand, seasonal domestic scrap shortages particularly in Bangladesh, and cautious sentiment across regions like Turkiye, India, and Pakistan pressured prices. While some markets, such as Japan, saw limited activity, others, like Argentina, lifted export bans, signaling shifts in market […]
India’s major hot-rolled (HR) plate producers raised their list prices by around INR 1,000-1,300/t from the end of December 2024 for January 2025 sales. Following this increase, list prices of HR plates (IS 2062, 5-10 mm) are estimated to range at INR 50,500-54,000/t (exy-Mumbai). Prices are exclusive of an additional 18% GST. HR plate prices […]