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Brazilian miner Vale produced 96.8 million tonnes of iron ore output during this year's April-June quarter, up by 14.8 million tonnes or 18.1% on quarter and by 5.3% on year to make for the highest quarterly result ever, the company announced on July 16. Sales of iron ore and pellets reached 86.52 million tonnes during Q2, higher by 2.6% on quarter and by 5.8% on year, a record for any Q2 sales.
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Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung city, Central Taiwan, has decided to hold its rebar list prices and procurement prices for locally-sourced scrap for the current July 16-20 week, a company official confirmed on July 16.
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Anshan Iron and Steel Group (Angang), a key flat-steel producer headquartered in Anshan city, Liaoning province, Northeast China, has followed Shanghai-based Baoshan Iron and Steel and elected to keep its flat steel prices unchanged for sales in August, a company sales official confirmed on July 16.
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Rio Tinto expects its iron ore shipment for 2018 to achieve the higher end of 330-340 million tonnes basing on its strong performance in the first half when it sold 168.8 million tonnes of iron ore, according to the company's latest production report released on July 17.
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Plans by Tesla, the Palo Alto California-headquartered maker of electric vehicles in the US, to build its next Gigafactory - a combination of car- and battery-making plant - in Shanghai, East China, clearly reflect optimism about the strength of China's market for such vehicles but likely suppliers of components and materials remain cool, awaiting more details, Mysteel learned last Friday.
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The continuing improvement in China's steel industry since 2016 has been highlighted with the Fortune China 500 List 2018, as 22 Chinese steel mills have appeared in the latest list that was released on July 10, two more than 2017, and the 2018 outlook appears promising too by far, Mysteel notes.
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The 58% blended fines (FB fines) from Fortescue Metals Group (FMG) is with a less discount against the 62% Fe iron ore fines pricing index by 2% than a month ago partly due to lower supplies from the miner and dwindling port inventories for this brand, market sources shared.
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Tsing Tuo Group, a subsidiary of Tsingshan Holding Group in Fujian province, South China, has commenced hot run trials on a new continuous caster for stainless stabs at its works in Ningde city in the same province, according to the company's post on July 9.
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China's 50% grade ferrovanadium price hit a ten-year high of Yuan 275,000/tonne ($42,000/t) including 16% VAT as of July 10, up 175% on year, according to Mysteel's data, which was mainly because of supply tightness and high costs of raw materials, market sources shared on July 10.
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Shagang Group, China's largest privately-owned steelmaker headquartered in Zhangjiagang city in East China's Jiangsu province, has decided to lower its rebar list price by Yuan 150/t ($22.5/t) for sales during July 11-20, industry sources who have received Shagang's new price list said. The company had raised prices three times in June and rolled them over during July 1-10, Mysteel notes.
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Shanghai-listed Fangda Carbon New Material Company (Fangda Carbon) plans to build a 50,000 tonnes/year ultra-high-power (UHP) grade graphite electrodes plant in Ganmei Industrial Zone,Meishan, Southwest China's Sichuan province, according to a company released on July 10.
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Baoshan Iron & Steel (Baoshan Steel),the listed arm of China Baowu Steel Group headquartered in Shanghai,is keeping most of its flat steel list prices unchanged for August deliveries but is adding Yuan 300/tonne ($45/t) and Yuan 200/t respectively to those of its stainless plate and grain-oriented silicon sheet, according to the company's latest pricing policy released on July 10.
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Output of crude steel and finished steel at Hunan Valin Steel Co, the listed arm of Hunan Valin Iron and Steel Group headquartered in Hunan province in Central China, hit a record high in this year's first six months, according to a half-year performance forecast published by the company on July 10.
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Some steelmakers in Xuzhou city in East China's Jiangsu province have got the green light from the local government to resume production, suggesting that approvals for the others could be not too far away, market sources said Tuesday. But coke makers in the city apparently remain under shutdown.
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Chinese companies including steel suppliers and contractors involved in Malaysia's three mega projects that just have affected little with the latest development by far, company officials confirmed.
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Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung city, Central Taiwan, has decided to lift its rebar list prices and procurement prices for locally-sourced scrap for the current July 9-13 week, a company official confirmed on July 9.
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The economic impact from the torrential rains which caused massive devastation to many parts of western Japan late last week and into the weekend is expected to be huge though steelmakers with plants in the affected areas seem to be escaped the worst.
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Alliance Steel (M) Sdn, a China-invested greenfield integrated steel project in Kuantan, Pahang, East Malaysia, has just ignited its second blast furnace, an official from its project contractor - MCC Shanghai Baoye Group Corp - confirmed on July 6.
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Baowu Steel Group Corporation, China's top steelmaker, is building a third blast furnace at its Zhanjiang steel works in South China's Guangdong province that will have 4.03 million tonnes/year ironmaking capacity and 3.61 million t/y steelmaking capacity, according to a July 3 post on the group's website. The company had opened its plans for public review over July 3-9.
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*Note: Pricrs of DC01/ST12/SPCC 1.0mm*1250mm*C listed above are inclusive 16% VAT
Edited by www.mysteel.net
