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After decades of posting often huge gains, China’s iron ore imports finally ran out of momentum last year, with the total reaching 1.06 billion tonnes for 2018, lower by 10.2 million tonnes or by 1% on year, according to the latest statistics released by China’s General Administration of Customs on January 14.
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A fire broke out at Rio Tinto’s Cape Lambert port facility in Western Australia’s Pilbara region early on Thursday morning, the Australian miner has confirmed. No one was injured during the incident but as of Thursday evening any impact on ore shipping operations was still uncertain, Mysteel later confirmed with Rio Tinto.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry fell for the fourth consecutive month, down 0.6 basis points on month to 49.4 for December 2018, though that for the whole 2018 averaged 50.9, managing to stay in the expansion zone, according to the latest release by China’s National Bureau of Statistics (NBS) on December 31.
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Five miners were killed in a gas explosion in an underground coal mine in Yan’an city in Shaanxi, Northwest China on Monday, according to a statement released by Baota district government in Yan’an on December 25.
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Diversified mining company Anglo American Plc has officially restarted the operations at its Minas-Rio iron ore operation in Brazil on December 21 as planned, after the mine has been shut for nearly nine months following the two slurry pipeline leaking accidents in March, the company announced on Friday.
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The local government of North China’s Tangshan city has ordered all sintering operations in the city halted for the rest of this year to help improve air quality, according to the latest announcement released late afternoon on Thursday.
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China’s fixed asset investment (excluding rural households) climbed up 5.9% year on year to Yuan 60.93 trillion ($8.84 trillion) over January-November, with the growth being 0.2 percentage point higher than the first ten months, and the funding into the property market grew steadily at 9.7% on year, according to the latest data from China’s National Bureau of Statistics released on December 14.
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Rio Tinto will invest a total of $2.6 billion in Koodaideri iron ore mine in Pilbara of Western Australia upon the approval of the board of directors, and the construction works at mine is to commence in 2019, according to a company statement on November 29.
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Iron ore traders and mills using Taicang port, one of China’s major iron ore ports along the Yangtze River in Jiangsu province, are awaiting news that operations at the port have returned to normal following the collision of two vessels early on Monday morning.
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China imported 6.08 million tonnes of coking coal in October, 8% lower on month but 15.7% higher on year, according to the latest statistics from China’s General Administration of Customs released on November 23.
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China’s pig iron production in October rose to the highest monthly level so far this year, climbing by 1.36 million tonnes or 2.1% from September to reach 67.74 million tonnes, according to the latest data released by the country’s National Bureau of Statistics on November 14. Compared with October last year, the gain was even more impressive at 7.3%, the data show.
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China’s fixed asset investment (excluding rural households) increased by 5.7% on year to Yuan 54.76 trillion ($7.9 trillion) during the January-October period, according to the latest data from China’s National Bureau of Statistics released on November 14. The yearly FAI growth was up by another 0.3 percentage point from that during the first nine months.
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China’s output of raw coal grew 8% on year in October to 305.1 million tonnes, according to data released by the country’s National Bureau of Statistics (NBS) on November 14, while coke output was 4.5% higher at 36.6 million tonnes.
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Transport safety authorities in Australia are investigating the circumstances under which a loaded iron-ore train operated by BHP had to be deliberately derailed early on November 5 after the train had travelled for 92 kilometers across the Pilbara in Western Australia without a driver, according to an official rail safety investigation & report released by Australian Transport Safety Bureau (ATSB) on the same day.
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Domestic steel scrap prices in China witnessed a remarkable rise of Yuan 30/tonne ($4.3/t) on day on Thursday after remaining unchanged for three straight days this week. Market observers said that the rise in demand for steel scrap had largely outpaced market supply.
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Tangshan’s steelmakers in North China’s Hebei province were informed by city authorities on October 31 that new emergency production restrictions were being placed on their sintering plants over October 31-November 5, as the China Meteorological Administration had warned that weather patterns indicate smog will likely hang in the atmosphere rather than dissipate during the period.
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Anglo American’s iron ore output dropped 33% on year to 10.5 million tonnes in the quarter ended September 30, with the reduction largely due to the operation suspension at its Minas-Rio mine in Brazil after the two leaks in its iron ore slurry pipeline were discovered in March, according to the company’s latest quarterly report released on October 23.
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China’s output of raw coal posted a 5.2% growth on year in September, while that for coke slid 0.1% on year, according to the data released by China’s National Bureau of Statistics (NBS) on October 19.
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China’s fixed asset investment (excluding rural households) increased by 5.4% on year to Yuan 48.3 trillion ($7 trillion) during the January-September period, according to the latest data from China’s National Bureau of Statistics released on October 19. The yearly FAI growth was up by a slight 0.1 percentage point from that over the first eight months, Mysteel noted.
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China’s economic growth was largely stable over the first three quarters of 2018, with the gross domestic product (GDP) at Yuan 65.1 trillion ($9.4 trillion), up 6.7% on year, according to the latest figures from the National Bureau of Statistics (NBS) released on October 19.
