-
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.
-
South Korean steel giant POSCO says its crude steel production during this year's first quarter slid by 279,000 tonnes or 3% on quarter to 9.3 million tonnes but mainly due to there being "fewer calendar days" during the period, the firm's Q1 earnings release on April 24 showed.
-
China mined 66.89 million tonnes of run-of-mine (ROM) iron ore in March, representing a mild decrease of 0.4% on year. Last month's result took total ROM iron ore output over January-March to 189.46 million tonnes, up 1.9% year on year, according to the latest data just released by China's National Bureau of Statistics (NBS).
-
Chinese domestic prices of rebar should continue tracking upward over the short term as market players envisage the robust demand for the construction steel product continuing to linger, market sources shared on April 24. But they warned that prices were unlikely to refresh last December's 74-month high anytime soon.
-
China's scrap market pulled up strongly on April 23, mainly due to buoyant sentiment from the finished steel market and to traders' joint efforts to prop up prices. Among all scrap markets nationwide, that in East China showed the sharpest growth, with Mysteel's 6-8mm carbon scrap steel price in Zhangjiagang gaining 5% or Yuan 100/t ($15.8/t) on day to Yuan 2,100/t excluding the VAT.
-
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.
-
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.
-
Mysteel's national average HRB 400 20mm rebar benchmark price rose for a fifth consecutive day on April 23, up by Yuan 29/tonne ($4.6/t) from Friday to Yuan 4,011/t including the 17% VAT as of Monday, thanks to the growing market optimism amid the improvement in downstream consumption.
-
China will trim another 30 million tonnes/year of excess and outdated steel capacity in 2018 as part of the central government's ongoing supply-side reforms, according to a joint notice issued on April 20 by six powerful central government departments.
-
China's imported iron ore market moved up on April 23, mainly stimulated by the stronger domestic market for finished steel, with Mysteel's 62% Portside Iron Ore Fines Index picking up Yuan 16/wmt ($2.5/wmt) on day to Yuan 483/wmt FOT Qingdao and including the 17% VAT.
-
Trading activity of iron ore port inventories in China during the week of April 16-20 extended the uptick monitored during the previous week, Mysteel's weekly survey found.
-
Daily crude steel output among China's major steelmakers climbed by 5% or 90,000 tonnes/day over April 1-10 from the previous eleven days to 1.88 million t/d, according to the latest data from the China Iron and Steel Association (CISA) on April 23.
-
Crude steel production in Japan during the fiscal year 2017 ending March 31 slipped by 0.3% on year, or the first annual decline in two years, according to the data released by the Japan Iron & Steel Federation on April 20.
-
The price of Q235 billet in Hebei province's Tangshan, the barometer of China's steel market, jumped another Yuan 80/tonne ($12.7/t) on week to Yuan 3,560/t EXW and including the 17% VAT as of April 20, according to Mysteel's latest weekly survey. Industry players cited the continuing improvement in steel demand and firm market sentiment.
-
Bengang Steel Plates Company, the Shenzhen-listed arm of China's Benxi iron & Steel Group (Bengang Group), plans to produce 9.2 million tonnes of crude steel in 2018, or up 3.4% on year, according to the company's 2017 annual report released on April 20.
-
Construction steel stocks at the 139 surveyed steelmakers across China continued to dwindle over April 12-18, with rebar and wire rod stocks being down 9.8% and 10.4% on week respectively, according to Mysteel's latest weekly survey released on April 20.
-
Buying interest in hot-rolled coil has been waning in China with the national average benchmark price for the Q235B 4.75mm HRC up by Yuan 72/tonne ($11.5/t) week on week to Yuan 4,075/t including the 17% VAT as of April 20, market sources noted.
-
Some large-sized coking plants in China explored the possibility of idling 15-30% of their coking capacities at a recent industrial meeting as part of the efforts to rescue the domestic coke price from further declines, an industrial source confirmed on April 20.
-
Shagang Group, China's largest privately-owned steelmaker headquartered in Zhangjiagang city, East China's Jiangsu province, has decided to raise its ex-works price of rebar, the first time since March 21, up by Yuan 120/tonne ($20/t) for the sales on April 21-30, the company's latest pricing policy released on April 21 showed.
-
Mysteel’s national average benchmark price of HRB 400 20mm dia rebar kept rising but at a slower pace, up merely Yuan 13/tonne ($2/t) day on day to Yuan 3,982/t including the 17% VAT as of April 20, as buying enthusiasm ebbed on recent price rises.
Across the country, the rebar price
