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Anglo American's iron ore output dropped 6% on year to 13.9 million tonnes in January-March because of the two pipe leakage accidents at its Brazilian mine Minas-Rio in March, according to its quarterly report released on April 24.
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The Australian miner Fortescue Metals Group (FMG) produced 39.1 million tonnes of iron ore for January-March, which was down 4% on quarter and 2% lower on year because of adverse weather, according to the company's latest quarterly report on April 24.
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The Australian miner BHP produced 67 million tonnes of iron ore at its major mining sites in Pilbara, Western Australia, in January-March on a 100% basis, which was down 6% on quarter but 8% up on year, according to its quarterly report released on April 19.
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China produced 103 million tonnes of coke and 805 million tonnes of coal in the January-March quarter, according to the latest production report from the National Bureau of Statistics (NBS) on April 17. The Q1 coke output total was 3.2% lower on year though the raw coal total was 3.9% up on year, the data shows.
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China's Dalian Commodity Exchange (DCE) will start the international trading of its iron ore futures on May 4 upon the approval of the China Securities Regulatory Commission (CSRC), an official confirmed on April 13.
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China's March iron ore imports climbed by 1.5 million tonnes or 1.8% month on month to 85.8 million tonnes, according to the latest statistics released by the country's General Administration of Customs on April 13.
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The four key raw materials dispatch ports in Australia's North Queensland of Weipa, Abbot Point, Mackay and Hay Point were closed on Tuesday as the latest cyclone of the season, Iris, intensified, Mysteel has learned. All four ports are administered by North Queensland Bulk Ports Corporation Limited (NQBP).
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A raw material transmission belt for a blast furnace of Tianjin Iron & Steel Group (Tiangang) was caught on fire sometime on the afternoon of April 2, no casualties have been reported so far and the impact on the mills' operations remains unclear, Mysteel understands from market sources on Monday.
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Steelmakers operating blast furnaces Wu’an, a county-level city of Handan city in North China’s Hebei province, might have to endure disruptions to their operations for much longer, Mysteel has learned.
The Wu’an city government had earlier instructed steelmakers in the city to cease production between March 16-31 in its battle against
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Shenzhen-listed Pangang Group Vanadium & Titanium Resources Company, a subsidiary of Panzhihua Iron & Steel Group headquartered in Panzhihua city in Southwest China's Sichuan province, swung firmly back into profit last year, ending three successive years of financial losses.
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The temporary shutdown of all blast furnaces in Wu'an, Handan city of North China's Hebei province, starting March 16 is expected to reduce iron ore consumption by 1.3 million tonnes and coke by 200,000 tonnes, according to Mysteel's survey on the affection in steelmaking raw materials.
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Vessel dispersal at Port Hedland, the large iron ore port in Australia, has resumed at 0830hrs local time on the morning of March 15 after "minor interruptions" overnight due to a helicopter crash, according to a formal statement by the Pilbara Ports Authority on March 15.
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China's fixed asset investment (excluding rural households) increased by 7.9% during January-February, compared with the first two months of last year to Yuan 4.5 trillion ($708 billion), according to new National Bureau of Statistics (NBS) data released on March 14.
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Over January-February, both China's pig iron output and coke production fell, by 1.7% and 2.7% year on year respectively amid the four-month winter curbing, according to the latest statistics released by China's National Bureau of Statistics (NBS) on March 14.
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Mysteel's iron ore pricing indices both for the US dollar-priced seaborne cargoes and the RMB-priced port inventories are gaining popularity when the global iron ore market participants are seeking a more dynamic basket of indices to best represent their interest in the trading, market sources note.
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China will continue to eliminate ineffective supply of key industrial commodities such as steel and coal by trimming another 30 million tonnes/year of steel capacity and approximately 150 million t/y of coal capacity in 2018, Li Keqiang, Premier of the State Council, told delegates attending the 13th National People's Congress in Beijing on March 5.
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The world's top four iron ore miners successfully lowered or kept their production cash costs below $15/wmt in 2017, so as to maintain their competitiveness in the market, Mysteel understands from their publicly-shared information.
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China's iron ore imports in January climbed by 16.2 million tonnes or by 19.3% month on month to 100.34 million tonnes, according to new statistics released by the country's General Administration of Customs on February 8. The January total was also 9.3% higher than a year ago, the data showed.
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Fortescue Metals Group (FMG), the world's fourth largest iron ore producer, produced 168.8 million tonnes of iron ore for 2017, down 2.3 million tonnes or 1.3% on year, according to the company's quarterly production report released on January 30.
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China's steel industry including steel producers, domestic iron ore mining operations, and iron ore ports have been operating as per normal in general other than a bit of hiccup in transportation by road, according to Chinese market sources on January 23.
