Iron & Steel

Egypt Imposes 8% Definitive Safeguard Duty On Rebar Imports

The Egyptian ministry of Industry and Trade announced on April 19th the imposition of 8% definitive safeguard duty on rebar and wire rod imports at a minimum of EGP 408 per ton ($53) valid through October 13th, 2017. This comes on the back of a complaint received from local producers ...

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Egyptian monthly imports of semi-finished products for the years 2010 2014

  «Arab Metal» collected and prepared All statistics below, which is part of its database. Everyone can be use it, with reference to «Arab metal». Value: USD Quantity: tonnes All imports values CIF All export values FOB   Month Value (US$) Weight (ton) Nov-14 98,070,299 211,717 Oct-14 55,388,260 114,166 Sep-14 ...

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Mauritania: Unions end strike at SNIM

  Reuters – Workers at Mauritania's state iron ore mining company SNIM have ended a two-month strike after reaching a deal with management on salaries, a union negotiator said on Friday. After four days of negotiations mediated by the mayor of the northeastern mining hub of Zouerate, where SNIM's mine ...

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Venezuela’s hot briquetted iron export prices slashed by $US 50 per mt

  Platts – Venezuelan hot-briquetted iron export prices this week continued to edge down for April bookings as sellers accepted lower bids and offers fell around $50/mt in line with the international trend, sources said Thursday. A Venezuelan trader said he booked this week around 30,000 mt for $250/mt FOB ...

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BHP and Rio suffer as iron ore hits 10-year low

By: Andrew Critchlow The Telegraph – Iron ore prices have hit a 10-year low, sending shock waves through the global mining industry and prompting concern among analysts that smaller producers could soon be forced out of business. The price of a tonne of ore quoted on the Quingdao China index fell ...

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Iron ore seen sliding to low $US40s in coming weeks

  Sydney Morning Herald – Iron ore, which fell below $US50 a metric tonne on Wednesday, may extend losses as weakening producer currencies cut mining costs, reducing incentives for the supply cuts needed to balance the market, according to Societe Generale. Ore with 62 per cent content at Qingdao continued ...

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Japan says April-June crude steel output to fall to 6-yr low

  Reuters – Japan's crude steel output for April-June is forecast to drop 7.8 percent from a year earlier to the lowest for the quarter in six years, the Ministry of Economy, Trade and Industry (METI) said on Thursday. The fall would mark the latest in a series of signs ...

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Iron-ore extends losing streak as spot hits $49 1ST

Reuters – Spot iron-ore prices tumbled below $50/t on Wednesday while Chinese iron-ore futures dropped a sixth straight session to a contract low on persistent worries that output cuts at steel mills would eat into demand for the raw material. Sluggish steel consumption and soaring environmental costs have combined to force ...

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Tata Steel’s Canadian Joint Venture Acquires Howse Iron Ore Deposit

  NDTV – Tata Steel today said its joint venture Tata Steel Minerals Canada has acquired the remaining 49 per cent stake in the Howse iron ore deposit in Canada for close to Rs 25 crore. Tata Steel Minerals Canada Limited (TSMC), through its subsidiary Howse Minerals Limited today acquired the ...

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US Steel to temporarily idle Minnesota ore operations

  Mining Technology –  United States Steel (US Steel) has announced plans to scale-down production and temporarily idle a portion of its Minnesota Ore Operations – Minntac plant in Mountain Iron, Minnesota. According to local union officials, this will come into effect from 1 June, resulting in job losses for ...

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