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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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 ...
Read More »U.S. sets preliminary duties on Turkey welded pipe imports, spares S.Korea
Reuters – The United States on Tuesday set preliminary duties on line pipe from Turkey after finding they are produced using unfair government subsidies, but spared South Korean imports. The U.S. Department of Commerce said anti-subsidy duties on the pipe, used for oil or gas pipelines, would range from 3.76 ...
Read More »23.5 % increase in Australia’s exports of iron ore in 2014
ArabMetal – Australian iron ore exports have made a big jump over 2014, and went to the large share of the Chinese market. According to the Australian Bureau of Statistics data, «Arab metals» obtained a copy of which, the Australian exports rose by 23.54%. The quantity reached 755.07 million ...
Read More »China: aluminum production rises and exports jump
Bloomberg – China’s aluminum product output rose to a record, adding further pressure on global prices as the world’s largest supplier continued to raise production. The country’s aluminum product output in the first two months of the year rose almost 21 percent from the same period last year to 6.9 ...
Read More »Australia could face anticompetition probe over iron-ore
US-based mining company Cliffs Natural Resources on Wednesday blamed Australia for a dramatic fall in ore prices and warned that its central bank may one day be called to explain anti-competitive practices. Lourenco Goncalves, president of Cliffs Natural Resources Inc, said his company was quitting the Australian iron ore ...
Read More »USA exported 925,429 tons in January 2015
ArabMetal – Falls Church, VA. March 11, 2015. Amidst a steep jump in steel exports to one minor trading partner, and a sharp drop in shipments to another, total steel exports by the United States in January were nearly unchanged from last December. According to American Institute for International ...
Read More »EU set to impose duties on Chinese, Taiwan stainless steel
Reuters – The European Union will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan, according to two sources familiar with a European Commission proposal. The Commission plans to set tariffs of about 25 percent for imports from China and of ...
Read More »Venezuelan export hot-briquetted iron (HBI) prices slump on scarce interest
Platts – Venezuelan hot-briquetted iron export prices have fallen sharply as buyers continue to be scarce in the global market, sources said Friday. One source at Briquetera del Caroni’s (BriqCar) said he sold around 20,000 mt of HBI in late February to a European buyer at $190/mt FOB, but its ...
Read More »Turkey: Steel mills increase rebar export offers backed by slight increase in scrap prices
Platts – Turkish steel mills have increased their rebar offer pricing based on a slight increase in ferrous scrap, sources said Wednesday. No deals have been seen at the new price level and sources were skeptical that any would be achieved. A Turkish trader said offers from mills for export ...
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