Global insight

Fitch Affirms Molymet's IDRs at 'BBB'; Outlook Stable

[Ferro-Alloys.com]Fitch Ratings has affirmed Molibdenos y Metales S.A.'s (Molymet) foreign and local currency Issuer Default Ratings (IDRs) at 'BBB' and national scale ratings at 'A+(cl)', 'AAA(col)', and 'AA+(mex)', respectively. The Rating Outlook is Stable....

Tuesday, April 26, 2016

Vale's Iron Ore Production Slightly Increases in Q1

[www.ferro-alloys.com] The world's largest iron ore producer, Vale announced that the company’s iron ore production was 77.54 million tons in the 1st quarter of this year (excluding Samarco productions and third-party procurement), an increase of 0.2% year on...

Monday, April 25, 2016

United States Wire Rod Prices Rise Further

[www.ferro-alloys.com] United States domestic wire rod prices continued to upward trend, and the steel market demand has improved further. Meanwhile, wire rod mills have announced to increase prices at US$50/short ton or US$55/ton, effect on May 1. However, th...

Monday, April 25, 2016

NMDC Share Sale Coincides with Rising Iron Ore Prices

NMDC had been forced to cut iron ore prices in FY16 in line with falling iron ore prices, with iron ore lumps (more remunerative compared to fines) feeling the pain. Photo: Aniruddha Chowdhury

Monday, April 25, 2016

Staggering Shifts to Avoid Heat Affecting Coal Production

"Coal India subsidiary Mahanadi Coalfields, headquartered in Odisha, has been asked by the government to suspend production and loading during the day - between 11 am and 4 pm.

Monday, April 25, 2016

Tata Steel: Welsh Billionaire Could Plough Own Money into UK Buyout

Matthews said he is “feeling really good” about the prospects of a rescue deal for the steel business, which could save thousands of jobs in the UK.

Monday, April 25, 2016

Kennecott's Production of Mo Concentrates in Jan- Mar 2016

The quantity of molybdenum concentrates produced at Bingham Canyon Mine by Kennecott Utah Copper in the period from January to March in 2016 was 100 tons

Monday, April 25, 2016

US’s Steel Sheet Market Demand Continues to Rise

[www.ferro-alloys.com] In recent weeks, many United States steel mills have increased their steel sheet market prices, makes United States sheet market overall prices increase further. Those for hot rolled coil prices up to US$500/short ton, is expected to con...

Friday, April 22, 2016
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