-
Tata Steel sales have hit a record high at 17.31 mn t in FY ’21 on the back of strong recovery in demand from end-users in H2. The volumes are up by 2% in comparison with 16.97 mn t in the previous fiscal, SteelMint learned from the recent press release in BSE filing. However, the same remained largely stable at 4.67 mn t in Q4 FY ’21 compared with 4.65 mn t in Q3.
-
May is barely a week old and yet Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, has so far raised its steel scrap procurement prices twice this month by a total of Yuan 180/tonne ($27.8/t) for all deliveries. The increases, on May 1 and 7 respectively, reflect the domestic steel mills’ growing appetite for scrap and the limited delivery volumes they’re receiving, Mysteel Global noted.
-
Global automobile production by Japan’s eight major automakers during the fiscal 2020 (April 2020-March 2021) fell to a nine-year low, or recording a 12.2% on-year decline to about 23.12 million units, according to the latest data released by the automakers, though the on-year decline was not as steep as the market had expected.
-
Fortescue Metals Group (FMG), the world’s fourth largest iron ore miner with mining assets in Western Australia, has lifted its iron ore shipments guidance for FY21 (July 2020-June 2021) to 178-182 million wet tonnes from the original 175-180 million wet tonnes, even though its iron ore shipment over January-March was flat on year and reduced 9% on quarter, according to its latest quarterly report released on April 29.
-
FMG's iron ore production
over Q3 FY21 (Jan-Mar)
Note: Volume
references are based on wet metric tonnes (wmt). Product is shipped with
approximately 9 per cent moisture.
Source: FMG,
released on March 29
-
Teck Resources, a leading exporter of seaborne steelmaking coal and headquartered in Vancouver, sold 6.2 million tonnes of steelmaking coal over January-March, up 9% on year, thanks largely to firming demand from China, according to the company’s quarterly report.
-
As the demand for liquid medical oxygen (LMO) mounts in the battle against the devastating second wave of Covid-19, court orders, circulars from district collectors and verbal urgings from state officials are seeking augmentation of supply of this life-saving gas from the iron and steel industry. The ways and means include diversion of industrial oxygen to hospitals as LMO, mill closures and production curbs on secondary sector mills and hand-over of empty cylinders for O2 refills.
-
Pohang Iron and Steel Co. Ltd. (POSCO), a major steel producer in South Korea, reported its Q1 CY ’21 results today. Steel production and sales have increased y-o-y with an improvement in operating capacity during Q1 CY ’21.
-
Baoshan Iron & Steel Co (Baosteel), the Shanghai-listed arm of China Baowu Steel Group, saw its net profits for Q1 skyrocket 247.8% on year to Yuan 5.4 billion ($832.1 million), reflecting overall strengthening steel demand and lower costs, according to the company’s latest quarterly report on April 27.
-
South32 Ltd’s share of manganese ore output from its Australian and South African joint ventures decreased by 3% on quarter over January-March, mainly due to the impact of wet season in Australia, resulting in a fall of 13% in production at its Australian operations, according to the company’s quarterly report released on April 27.
-
Vale’s iron ore fines and pellets EBITDA break-even dipped to $36.2/dmt during this year’s January-March quarter, lower by $3.7/dmt on year but almost flat compared with the previous quarter’s $36.3/dmt. The company’s realized prices for its iron ore products during Q1 were nearly double on year however, according to the Brazilian miner’s latest quarterly financial report released on April 26 local time.
-
Japan’s steel value chain including steel producers and end-users expects little impact of the third state of emergency on their operations, even though the latest partial lockdown will be running over April 25-May 11, affecting Tokyo, Osaka, and Kyoto and Hyogo in western Japan.
-
Note:
South32’s financial year
runs from July to June.
Unless otherwise noted:
percentage variance relates to performance during the nine months ended March
2021 compared with the nine months ended March 2020 (YoY) or the March 2021
quarter compared with the December 2020 quarter (QoQ); production and sales
volumes are reported on an attributable basis.
Source: South32, released
on
-
On April 25 2021, Shanghai Ganglian E-Commerce Co., Ltd. (Mysteel) completed the annual assurance review in accordance with the requirements of the International Organization of Securities Commission (IOSCO), or the third year in a row. Starting 2021, a series of coking coal and coke pricing indices have also joined Mysteel’s related steel and iron ore pricing indices, being IOSCO compliant.
-
Taking a big step towards shifting to digital trade transactions, steel major Tata Steel Ltd. has executed a blockchain-enabled, paperless trade transaction of export of steel to Universal Tube & Plastic Industries, UAE.
-
Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker headquartered in Zhangjiagang, East China’s Jiangsu province, will pay Yuan 50/tonne ($7.7/t) more for domestic steel scrap procurement starting April 25, or the second increase this month, intending to secure more supplies, though its rebar list prices have remained unchanged over April 21-30, Mysteel Global noted.
-
The London-headquartered miner Anglo American says output from its iron ore assets over January-March was largely unchanged on year and on quarter at 16.2 million wet tonnes, higher by just 1% on year and flat from October-December, according to its latest quarterly report released on April 22. The stable performance was a result of higher output at its Kumba iron ore asset in South Africa offsetting the reduction at its Minas-Rio operation in Brazil, it explained.
-
London-headquartered Anglo American produced 3.3 million tonnes (actual share) of metallurgical coal for export from its operations in Australia over the January-March quarter, diving 14% on year or 22% on quarter, according to its quarterly report on April 22. The company cited the suspension of operations at two mines and lower demand for lower quality met coal for the lower output.
-
Production Summary
(1) Wet basis. The comparative has been restated as Kumba previously reported on a dry basis.
(2) Reflects export primary production, secondary production sold into export markets and production sold domestically at export parity pricing from South Africa, and attributable export production (33.3%) from Colombia (Cerrejón).
(3) Reflects nickel production from
-
Saleable coal production of China-invested Yancoal Australia declined 10% on year or 5% on quarter to 8.7 million tonnes (actual share) over January-March, mainly due to the rainfall and flooding particularly in New South Wales in East Australia, though it has maintained its output guidance for 2021 calendar year at 39 million tonnes, according to its latest quarterly report.
