Iron ore cost-effective for steel mills as price diverges from scrap

[Ferro-Alloys.com]Some Chinese steel mills are responding to the strong domestic scrap price by switching back to using higher proportions of iron ore in the burden mix.

Thursday, March 15, 2018

China’s refinery crude steel output rises 7.3% in January-February

[Ferro-Alloys.com]China's refinery crude throughput rose 7.3% year on year to 93.4 million mt, or an average 11.6 million b/d, over January-February, according to preliminary data released Wednesday by the National Bureau of Statistics.

Wednesday, March 14, 2018

US steel sheet buyers wait on tariff clarity amid sparse openings

[Ferro-Alloys.com]Spot availability remained limited in the US steel sheet market on Wednesday as mills and service centers await clarity surrounding President Trump's tariff decision.

Thursday, March 8, 2018

US Steel plans to restart Granite City Works

[Ferro-Alloys.com] US Steel will restart one of two blast furnaces and the steelmaking facilities at its Granite City Works sheet mill in Illinois to support anticipated increased demand for domestic steel in the US pending tariffs on steel imports announced b...

Thursday, March 8, 2018

Chinese steel futures edge lower on weak demand

[Ferro-Alloys.com]Chinese steel futures ran out of steam, inching slightly lower on Wednesday, as demand remained weak, but the contract held near its highest in almost three months.

Thursday, March 1, 2018

Higher iron ore prices boost profit at Vale

[Ferro-Alloys.com]Brazil’s Vale reported a 38 per cent increase in net profit last year compared with a year earlier as higher iron ore prices bolstered the world’s biggest producer of the mineral.

Thursday, March 1, 2018

Iron ore price jumps to 10-month high

[Ferro-Alloys.com]Steelmaking raw materials made strong gains on Monday as Chinese mills, responsible for half the world's steel output, on the back of speculations that the certain provinces may extend steel supply curbs beyond the winter.

Tuesday, February 27, 2018

HSBC Asset Management favours Chinese commodity stocks, based on strong government reforms

[Ferro-Alloys.com]Coal overcapacity slashed 15pc in the past two years, while that in iron and steel has been cut 10-15pc after successful government-led supply side reforms

Tuesday, February 27, 2018
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