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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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Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung city, Central Taiwan, decided to roll over its rebar and scrap procurement prices for the week of April 23-27, a company official confirmed 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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Iron ore mines operated by Rio Tinto in the Pilbara region in Western Australia produced 83.1 million tonnes of iron ore in the first quarter of 2018, benefiting from productivity improvements and fewer weather disruptions, according to the miner's first quarter review published on April 18.
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Cities in China which participated in last season's "2+26" cities scheme to improve air quality during winter seem set to continue the battle this year, asking heavy-polluting industries including steel, coke making and metal smelting to accept production restrictions.
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Vale's output of copper and nickel plunged during the January-March quarter, partly due to the company's decision to place non-competitive mines on care and maintenance, according to its report released on April 16.
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More ports in South and East China began imposing restrictions on imports of coking coal and thermal coal last weekend in response to the government's requirement that coal imports should be controlled, market watchers said on April 17.
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Brazilian miner Vale produced 82 million tonnes of iron ore in this year's January-March quarter, lower by 11.4 million tonnes or 12% on quarter and by 4.2 million tonnes or 5% on year, the company disclosed in its Q1 report on April 16.
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Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung city, Central Taiwan, kept its rebar and scrap procurement prices unchanged for the week of April 16-20, a company official disclosed on April 16.
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Tokyo Steel Manufacturing will keep domestic prices of all of its steel products unchanged for May contracts, the Japanese mini-mill announced Monday.
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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 largest privately-owned steelmaker Shagang Group predicts its steel scrap consumption to exceed 7 million tonnes in 2018, indicating its continuing efforts in increasing steel scrap utilization in steelmaking, according to market sources on Thursday.
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China's Ministry of Industry and Information Technology has removed nine companies from its annual list of qualified foundry pig iron producers but the reasons most lost their accreditation were fairly ordinary, Mysteel notes. Another 20 firms retained their qualifications, according to a post on MIIT's website on April 8.
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The slide in Japan's ferrous scrap prices seen over recent weeks gained new momentum on April 11 when market leader Tokyo Steel Manufacturing clipped another Yen 500/tonne ($4.7/t) off buying prices for all grades at all works effective from Thursday morning.
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Xinxing Ductile Iron Pipes, a market leader in China for these sorts of high-end pipes, aims to boost output this year to 2.6 million tonnes, according to the company's latest annual report released on April 10.
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Mineral Resources Limited (MRL), an Australian mining infrastructure company, announced on Monday that it has agreed to acquire all shares in Atlas Iron (Atlas), an independent Australian iron ore company, via a Scheme of Arrangement.
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Feng Hsin Steel, Taiwan's biggest rebar producer in Taichung city, Central Taiwan, has decided to cut both its weekly rebar and scrap procurement prices by TWD 300/tonne ($10.3/t) for the week of April 9-13, a company official confirmed Monday.
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The Japanese ferrous scrap market has been on the downward path with yet another procurement price reduction of market leader Tokyo Steel Manufacturing by another Yen 500~1,000/tonne ($4.7~9.4/t) for all grades for all its steelworks effective for April 4 deliveries.
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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).
