-
Operational
performance
(i) Other copper comprises Pampa Norte, Olympic Dam and
Antamina.
(ii) Fiscal 2020 runs over July 2019-June 2020.
Source: BHP, released on January 21
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An unloaded coal train operated by Aurizon, Australia’s largest rail freight operator, was derailed near Middlemount in Central Queensland of Northeast Australia at approximately 1pm on January 19 local time, an Aurizon spokesperson confirmed to Mysteel Global on January 20.
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Yancoal Australia produced 35.6 million tonnes of saleable coal (actual share) from its assets in Queensland and New South Wales in Australia for 2019, or 8% higher from 2018, according to the company’s quarterly report, thus having exceeded its target at 35 million tonnes for last year.
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Indian Ferro Silicon prices have risen sharply in the northeastern region amid a shortage of Ferro Silicon. Most of the Ferro Silicon producers are overbooked for the month. Whereas, few producers in Guwahati are holding material as they expect the prices to rise further.
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Brazilian miner Vale, the world’s top iron ore miner, has decided to suspend waste and tailings operations at its Esperança mine in Brumadinho, Minas Gerais state, Southeast Brazil, according to an official announcement released on its website on January 16 local time.
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Anglo-Australian miner Rio Tinto has set its Pilbara iron ore shipments guidance for 2020 at 330-343 million tonnes, which is higher than last year’s final guidance of 320 to 330 million tonnes, according to the firm’s latest quarterly production report released on January 17. All tonnage is on 100% basis, Mysteel notes.
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Indian importers are heard to have booked HRC for imports from South Korea towards the end of the last week for March shipments SteelMint learned from market participants.
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Khouzestan Steel Company (KSC) - one of the leading exporters of Iran has concluded a billet export deal of quantity recently. The deal quantity is of 30,000 MT for size 150*150 mm, 5sp grade for Mar’20 shipment. As per market sources, the company has concluded the deal to South East Asia. The deal value was reported to be around USD 400/MT, FOB Iran.
-
Production summary
Source: Rio Tinto,
released on January 17
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As the week-long Chinese New Year break over January 24-30 approaches, China’s graphite electrode market has embraced the holiday mood and quietened markedly of late, market watchers told Mysteel Global Thursday. This has encouraged many electrode producers to halt operations and suspend business early to prepare for CNY, the country’s most important festival.
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South32 Limited, the world’s top manganese ore miner headquartered in Perth, Western Australia, saw its share of manganese ore output from its Australian and South African investments during last year’s July-December decline by 3% on year to 2.81 million wet tonnes, according to the company’s latest quarterly report released on January 16.
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Prices for imported scrap to Vietnam witnessed a downward trend over the last week, with offers from Japan as well as North America inching down on low demand as well as following the present global trend. The effect of rise in Japanese Kanto tender’s result is yet to be noticed.
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Production Summary
Note: South32’s financial year runs
from July to June.
Unless otherwise
noted: percentage variance relates to performance during the half year ended
December 2019 compared with the half year ended December 2018 (HoH) or the
December 2019 quarter compared with the September 2019 quarter (QoQ);
production and sales volumes are reported on an attributable basis.
Source:
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Ferrexpo plc, third largest exporter of pellet in the global market has released its Q4 CY19 results today. The company recorded pellet production at 10.52 MnT in CY19, down slightly as compared to 10.61 MnT in CY18. The output reduced amid falling demand.
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India’s finish-flat imports declined by 3% Y-o-Y to 5.82 MnT in CY’19, which was 5.97 MnT in CY’18, as per customs data maintained with SteelMint.
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Operations at the Curragh coal mine in Queensland in Northeast Australia owned by Coronado Global Resources (Coronado) have been suspended because of a fatal accident involving a worker at the open-pit mine in the afternoon of January 12, according to the company’s release on January 13.
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Most of the major markets for ferrous scrap observed mixed trend this week. Turkish mills resumed buying this week from European origins, while offers to South Asian markets rose further, with India in particular observing significant improvement in trades. Japan’s monthly Kanto tender moved up.
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Shagang Group, China’s largest long steel producer headquartered in Jiangsu of East China decided to cut prices of all its long steel products by Yuan 80/tonne ($11.6/t) from last ten days for domestic sales over January 11-20, according to its latest pricing policy published on Saturday.
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Jianlong Xilin Iron & Steel Group (Xilin Steel), achieved a record high steel output of s4 million tonnes in 2019, up 39% or 1.12 million tonnes after the first-year restructuring by the Beijing-headquartered Jianlong Heavy Industry Group (Jianlong Group) since the end of 2018, according to a release of Jianlong Group on its official Wechat account on January 8.
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Karnataka iron ore e-auction sales volume increased 21% Y-o-Y in CY’19. Total iron ore allotted quantity was recorded at 31.16 MnT in CY’19 compared to 25.69 MnT in CY’18.
