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China's spot price of iron ore drops

The spot price of iron ore fines 62% to China is being offering at US$38.37/ton, dropping by US$0.31/ton or 0.8% from the previous price. The average price of iron ore was US$39.3/ton in the month. Meanwhile, the China Iron Ore Price Index (CIOPI) decr...

Friday, December 18, 2015

China’s crude steel output reduces in Jan-Nov

According to the National Bureau of Statistics (NBS), China’s crude steel output reached 738.38 million tons in the first eleven months, dropping by 2.2% year on year, which is in line with market participants’ expectations. Meanwhile, China’s pig iron ...

Friday, December 18, 2015

Yildirim Will Cut 250kt Chrome Ore from January

Yildirim Group will suspend 250,000 tonnes of chrome ore production in Turkey from January 2016, because of low prices, the industrial group announced on Thursday December 17. Unprofitable mines in Kayseri, Hatay, Elazig, Konya and Fethiye will close due to...

Friday, December 18, 2015

Glencore Shares Soar as Company Spurts Cash, Reports “good” China Sales

The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capi...

Friday, December 18, 2015

Zimasco Signs $12m Lease Agreement

At full throttle, Portnex International is expected to process 240 000 tonnes of raw chrome per annum which translates to 100 000 tonnes of ferrochrome over the same period. THE country’s biggest ferrochrome smelter and miner, Zimbabwe Mining and Smelting Com...

Friday, December 18, 2015

China's WISCO Releases Prices List for Jan

China's Wuhan Iron & Steel (WISCO) announced to raise its prices on hot-dipped galvanized steel products for January delivery.

Friday, December 18, 2015

Chinese Shagang Group to Cut Rebar, Wire Rod Prices

Chinese steelmaker Shagang Group announced to lower its rebar prices by RMB50~90/ton for deliveries in mid-December.

Friday, December 18, 2015

Kudumane has cut Mn ore output by 50% since May

Kudumane Manganese Resources has gradually reduced its manganese ore production and sales by 50% in recent months

Friday, December 18, 2015
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