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Indian Steel Market Weekly Snapshot

18 June 2019 - 18:46
Indian steel prices moved down-trend during the Week-24 (8-15th Jun'19) on demand concern amid healthier supply. The producers seems received limited response as offers continued on negative direction.

Chinese Crude Steel Output Hits Record High in May’19

16 June 2019 - 00:10
As per the recent data released by NBS (National Bureau of Statistics), Chinese crude steel output records new high in May’19 at 89.09 MnT.

What does June 2019 have in Store for Global Steel Market?

16 June 2019 - 00:02
The two key raw material for steel production, Iron Ore and Scrap prices are moving in opposite directions. The Vale disaster at the Brumadinho tailing dam in late January this year has led to a cut in iron ore supplies, and a spike in spot prices making them to hit five years high, leaving no margins for blast furnaces.

Analysts say Vale execs optimistic about recovery of output at Brucutu mine

15 June 2019 - 00:22
Brazil’s Vale which needs court approval to resume production at its Brucutu mine after a deadly dam collapse, told analysts it expects to do so soon, analysts at brokerage XP said on Thursday after meeting with the miner’s top executives.

China: Iron Ore & Pellet Imports Rebound in May'19

11 June 2019 - 22:16
According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded 4% rise in iron ore imports to 83.75 MnT in May'19 against hitting 18 months low in Apr'19 at 80.77 MnT.

Brazil: Iron Ore Exports Increase Sharply in May'19

7 June 2019 - 20:04
World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 29.02 MnT in May'19, up 58% as compared to Apr'19 exports at 18.34 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 16% as compared to 34.62 MnT in May'18.

Indian Iron Ore Exports Cross 2 MnT in May'19

7 June 2019 - 19:42
Indian iron ore export volumes increased by 45% to 2.05 MnT in May'19 as against 1.42 MnT in Apr'19. On yearly basis, iron ore export increased significantly as against 0.79 MnT in the month of May'18. Iron ore exports from India have climbed to 13-months high as similar level of exports was last seen in Mar'18 at 2.63 MnT.

India: CG Based Units Increased Iron Ore Procurement from NMDC by 24% in May

4 June 2019 - 19:00
NMDC supplied total of 400 ( 1.54 MnT) rakes of iron ore for the month of May’19, up 7% against 374 (1.44 MnT) rakes a month before in Apr’19, according to railway movement data maintained with SteelMint.

Chinese Steel Market Highlights - Week 22, 2019

4 June 2019 - 16:26
This week Chinese steel prices witness pessimistic market sentiments over increased supply and weakening prices in domestic market. However spot iron ore prices reported decline by the end of this week.

Minas Gerais signs MoU with tech company to monitor tailings dams

3 June 2019 - 14:47
Following the collapse of a dam at Vale’s (NYSE:VALE) Corrego do Feijão iron ore mine back in January, the southeastern Brazilian state of Minas Gerais signed a Memorandum of Understanding with tech company Inmarsat to monitor all tailings facilities in the region.
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