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Another 10MT of iron ore off the market as Vale halts Alegria mine

21 March 2019 - 21:09
Brazil’s Vale (NYSE:VALE) has halted operations at the Alegria iron mine in the Mariana complex of Minas Gerais state, which may remove up to 10 million tonnes a year from the market.

BHP steps up efforts to win neck and neck battle for Ecuador’s copper riches

21 March 2019 - 20:57
World’s largest miner BHP (ASX, NYSE:BHP) took a key step this week towards increasing its presence in Ecuador, the new darling of copper prospectors, by signing an earn-in and joint venture deal with Canada’s Luminex Resources (TSX-V:LR).

Bangladesh: Imported Scrap Market Silent amid Subdued Demand

21 March 2019 - 15:55
SteelMint learned from industry participants that imported scrap market in Bangladesh has observed very limited trades for imported scrap amid subdued demand this week.

South Korean Ferrous Scrap Imports Hit 4 Year High Amid Increased Bulk Imports

21 March 2019 - 15:48
Japanese scrap exports to South Korea recorded above 0.40 MnT mark successively for the 2nd month while US scrap exports hit 5-month high in Feb'19

Chinese Graphite Electrode Prices Inch Down amid Tepid Demand

21 March 2019 - 15:42
After remaining stable over the last two weeks, China’s higher grade Graphite Electrode prices plunged down by RMB 2,000/MT (USD 298/MT) this week.

India: SAIL's Pig iron Auction Receives Improved Response on Reduced Base Prices

21 March 2019 - 15:31
Company reduced base price by INR 300/MT in today's auction and nearly 42% material got booked.

Turkey: Imported Scrap Prices Range-Bound in Recent Trades

21 March 2019 - 15:23
SteelMint learned from industry participants that Turkey’s imported scrap market has observed limited bookings so far this week at almost stable prices. However, steel mills remain hesitant to buy aggressively amid high offers and weak finish steel demand.

Indian Ferro Chrome Offers to China Find Acceptability after Going Higher

21 March 2019 - 15:15
Indian Ferro Chrome prices remains unchanged in the domestic market amid sluggish market conditions. However, prices in the global market have risen.

Imported HRC Offers to Bangladesh Increase Following Hike in Offers from China

21 March 2019 - 15:05
SteelMint in conversation with market participants learned that Imported HRC offers to Bangladesh reported surge by around USD 15-20/MT from China.

South Korea: Iron Ore Imports Down 18% in Feb’19

20 March 2019 - 22:51
World's 3rd largest iron ore importer - South Korea has witnessed fall in iron ore and pellet import volumes in Feb’19. The imports witnessed at 5.06 MnT, down 18% as against 6.19 MnT in Jan’19. However, the imports on yearly basis dropped 4% as against 5.26 MnT in Feb’18.
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