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South32 Limited, the world’s top manganese ore miner, has decided to increase its manganese ore production guidance for its business year spanning July 2018 through June 2019 as a response to favourable market conditions, according to the company’s latest quarterly report released on April 18.
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Total saleable coal output of Yancoal Australia grew 5% on quarter or 2% on year to 13 million tonnes (on a 100% basis) over January-March quarter, according to the company’s quarterly report released on April 16.
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Fortescue Metal Group (FMG), the world’s fourth largest iron ore miner, announced on April 18 to trim its iron ore shipment guidance for the FY19 (July 2018-June 2019) to 165-170 million because of the Tropical Cyclone Veronica in late March and raised its C1 cost target to $13-13.5/wmt accordingly.
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Shandong Iron & Steel Co (Shangang) has begun hot run trials on the second 5,100 cu m blast furnace at its new integrated steelworks at Rizhao in East China's Shandong province, a company official confirmed on April 17.
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Production summary
Source: FMG,
released on April 18
Note: Tonnage references are based on wet
metric tonnes. Fortescue ships product with approximately 8–9% free
moisture.
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The Australian miner BHP has cut its iron ore production guidance for the FY19 (July 2018-June 2019) to 235-239 million tonnes or to 265-270 million wet tonnes (on a 100% basis) because of the Tropical Cyclone Veronica in March, it announced the adjustment in its latest quarterly report on April 17.
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BHP’s metallurgical coal output dropped 4% on quarter or 5% on year to 9.9 million tonnes on BHP’s shares over the first quarter because of the wet weather though performance at its Queensland Coal in Northeast Australia has been solid, its stated in the quarterly report on April 17.
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The world’s largest iron ore miner Vale announced on April 16 local time that it may be able to resume operations at its 30 million tonnes/year Brucutu mine in Minas Gerais state, Southeast Brazil within 72 hours.
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Operational performance
Source: BHP, released on April 17
(i) Other copper comprises Pampa Norte, Olympic Dam and Antamina.
(ii) Increase in BHP’s share of volumes reflects the expiry of the Wheelarra Joint Venture sublease in March 2018,with control of the sublease area reverted to the Jimblebar Joint Venture,which is accounted for on a
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The world’s second largest iron ore miner Rio Tinto announced on April 16 to lower its iron ore shipment from Pilbara, Western Australia, to 333-343 million tonnes (a 100% share) from the original 338-350 million tonnes because of the damage caused by the Tropical Cyclone Veronica in late March.
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Production
summary
Source: Rio Tinto, released on April 16
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The first quarter of 2019 saw Chinese steel mills’ margins squeezed amid rising iron ore prices while dismal domestic steel market and a few listed companies already warned the shareholders of a 60%-80% year-on-year slump in their net profits.
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Jiangsu Shagang Group (Shagang), China’s largest electric arc furnace steelmaker headquartered in Zhangjiagang city, East China’s Jiangsu province, has raised steel scrap procurement price by Yuan 80/tonne ($12/t) for all the deliveries since April 12 and onwards, according to its latest announcement on Thursday.
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Tangshan Dongri New Energy Materials Company in Tangshan, North China’s Hebei province, has started constructing a 100,000 t/y ultra-high-power (UHP) grade graphite electrode plant, a market source confirmed on April 10.
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Production of steel and molten iron at Shenzhen-listed Hunan Valin Steel Co, the listed-arm of Hunan Valin Group based in Central China’s Hunan province, reached historical highs last month, the company announced on April 10.
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On Tuesday, China’s steel scrap market had trended up for two straight days following the Tomb Sweeping Day national holiday weekend (April 5-7), with Mysteel’s national steel scrap price index edging up by another Yuan 3.2/tonne ($0.48/t) or 0.12% on day to Yuan 2,481.8/t on delivery and including the 13% VAT as of April 9.
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Rio Tinto’s fire accident at a screen house the Port Dampier last Saturday night has caused no injuries, and partial of the operations have already resumed, the company confirmed in an email inquiry from Mysteel Global.
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A total of 306 steel plants across China have passed the qualification reviews by China’s Ministry of Industry and Information Technology (MIIT), the country’s governing body of the industrial sectors including steel, with the latest and the fourth batch of 12 announced on April 3, Mysteel Global calculated basing on the releases.
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China’s largest metallurgical coal producer Shanxi Coking Coal Group (SCC) achieved record high output of its major products over the January-March quarter, including a 9.7% on-year rise in metallurgical coal output to 12.27 million tonnes, according to a company release published on April 2.
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Fortescue Metals Group (FMG), the world’s fourth largest iron ore miner headquartered in Australia. plans to commission its 22 million wet metric tonnes/year Iron Bridge magnetite concentrates project in Pilbara, Western Australia, by mid-2022 producing 67% Fe iron ore concentrates, according to a company release on April 2.
