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Global insight

Australia Lifts 2016 Iron Ore Price Forecast by 11 pct

[Ferro-Alloys.com]Australia lifted its 2016 price forecast for the country's biggest export earner iron ore by 11 percent on Friday, though kept it well under current market prices.

Friday, April 8, 2016

Port of Hedland iron ore exports up in Mar

Australia's Pilbara monthly report released in March this year, Port of Hedland departure total 39.5 million tons of iron ore, rose 7.9% month on month, the highest level since September last year. Among them, Iron ore exports to China jumped to 32.6 milli...

Thursday, April 7, 2016

US's crude steel weekly output falls slightly

For the week ended April 2nd, US’s domestic crude steel production was 1.65 million/short tons, the capacity utilization was 70.6%. Meanwhile, US’s crude steel production output rose 2.2% year on year, and dropped by 1.5% month on month. After adjustment...

Thursday, April 7, 2016

Ferrexpo’s iron ore production falls in Q1

Ukraine iron ore producer Ferrexpo announced its iron ore pellet production from the 3.3%, to 2.88 million tons. With their own raw material in the production totaled 2.87 million tons in the 1st quarter of this year, down by 2.7% month on month With their...

Thursday, April 7, 2016

Mexico to extend import tariffs on certain imports of steel for 6 months

After intense negotiations with the local steel industry, Mexico Ministry of Economy has extended 15% imports tariff on certain imports of iron and steel products for 6 months. Mexico Ministry of economy said the products involved slab, cold rolled coil, ho...

Thursday, April 7, 2016

Ukraine raises scrap export taxes for three years

Ukraine has announced to increase scrap export taxes from 10-35/ton for three years. The approval by Ukraine Parliament to immediate affected. Meanwhile, there are 250 Ukraine exporters have applied the exports of 3.8 million tons of scarp, which submits ...

Thursday, April 7, 2016

Nava Bharat, Tata Steel in Pact for Chrome Ore Conversion

Nava Bharat Ventures Ltd has entered into an agreement with Tata Steel Limited for a period of 4 years commencing from April 2016 for conversion arrangement of Chrome Ore into Ferro Chrome. This is a renewal agreement.

Thursday, April 7, 2016

Sumitomo Metal Mining's FY2016 Plan for Nickel Production

According to the summary of the plan for metal production Sumitomo Metal Mining Co., Ltd. released on April 1, the Company's production volume of ferro-nickel (in pure Ni equivalent) planned

Thursday, April 7, 2016