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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

Chinese Steel Makers Suffer Heaviest Loss in 2015

Taking investment returns into account, the country's steel mills recorded a total loss of 64.5 billion yuan in 2015, after a combined profit of 22.6 billion yuan in 2014.

Friday, April 8, 2016

The Spot Price of Imported Mn Ore Fell Slightly

[www.ferro-alloys.com] According to the statistics of ferro-alloys.com, the spot price of imported manganese ore showed a slight drop than last week. Australian lump Mn46 was quoted at RMB36-37/mtu, South African half carbonic acid Mn37 was quoted at RMB34-35/...

Thursday, April 7, 2016

Taiwan¡¯s Feng Hsin to hike scrap purchasing prices in this week

Feng Hsin Iron & Steel Co, one of the major electric furnace mills in Taiwan, has announced to rise its rebar and scrap purchasing price by NT$300/ton in this week. After price announcement, its scrap purchasing price will be NT$6,400~6,900/ton.

Thursday, April 7, 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

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
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