Brazilian mining giant Vale, currently the world's largest producer of iron ore, has narrowed the discount for its November-loading main Southern System iron ore products to $4/dmt from October's $4.70/dmt discount.
Iron ore mines in China will close down should prices drop toward $70 a metric ton, potentially creating a base for prices of the steel-making raw material, according to Australia & New Zealand Banking Group Ltd.
Ukraine's Nikopol Ferroalloy Plant, the country's biggest ferroalloy producer, increased October output sharply to 66,500 metric tons from 28,000 mt produced in October 2013, UkrFa, an association of Ukrainian ferroalloy producers, said Wednesday.
Private steel maker Tata Steel is expected to report a 35.3 percent decline in consolidation profit after tax at Rs 593 crore in July-September quarter compared to Rs 917 crore in the year-ago period due to higher tax rate, according to the average of estimat...
According to Thailand Customs statistics, the ferroalloy import volume in September 2014 was 11719 tons, up by 47.9% M-O-M and up by 39.2% Y-O-Y. The total import volume was 86,594 tons in Jan-Sep. 2014 mainly including silicon manganese, ferrosilicon and ferr...
Smelter engineering firm Metix, a subsidiary of the German privately owned SMS Group, has commissioned the second set of furnace electrodes at the Lion ferrochrome complex Phase 2 (Lion II) expansion project, in Steelpoort, Limpopo, which is owned by the diver...