R/€ = 15.98 Change: -0.09
R/$ = 14.12 Change: -0.05
Au 1326.28 $/oz Change: 11.28
Pt 804.85 $/oz Change: 17.39


Chinese steel mills chase iron-ore contracts with Brazil's Vale

By: Reuters     21st September 2018 Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron-ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world's biggest consumer of the steelmaking ingredient,... 

Steel mills in China's Hebei cut output due to power shortage

By: Reuters     6th August 2018 Some steel mills in Hebei, China's top steelmaking province, have been ordered to curb operations due to power shortages in the region, industrial sources said. Power grid loading in late July in southern areas of Hebei reached 36.57 gigawatts (GW), the highest on record, as a heatwave spurred... 

Top-grade iron-ore may spike to $100/t

By: Bloomberg     16th July 2018 High-grade iron-ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity, adding further momentum to a trend that’s reshaped the global market in recent years and driven buyers in Asia’s top economy to seek out better-quality material.... 

Shanghai rebar hits 10-month top as China's pollution fight intensifies

By: Reuters     12th July 2018 China's rebar steel futures rallied more than 3% to their highest in 10 months on Thursday amid potentially tighter supply as the government intensifies efforts to clean up its skies. China's cabinet launched on Wednesday a new cross-ministerial leadership group, headed by vice-premier Han Zheng,... 

China steel hub orders new output cuts in push for blue sky

By: Bloomberg     14th March 2018 China’s top steel-making city is imposing further production cuts beyond the winter heating season as the nation presses ahead with a campaign for cleaner skies that has rattled steel and iron-ore markets. Tangshan City, the country’s steel-producing hub, has ordered a two-tier system of... 

China's Hebei aims to cut iron, steel making capacity by 20Mt in 2018

By: Reuters     8th March 2018 China's top steelmaking province of Hebei will aim to slash iron and steel making production capacity by more than 10-million tonnes each and shut down all "zombie" mills this year, the province's vice governor said on Thursday. Yuan Tongli, speaking on the sidelines of China's parliament, said... 

Langfang gas combined-cycle power plant, China

By: Sheila Barradas     16th February 2018 China's State Power Investment Corporation is building an 800 MW combined-cycle power plant in the Anci Economic Development Zone of Langfang City, in Hebei province. 

Laoting steel plant, China

By: Sheila Barradas     9th February 2018 HBIS Laoting Steel Co is building a new production facility for high-quality steels. 

Aspire granted mining lease at Nuurstei

By: Esmarie Iannucci     9th October 2017 Coal junior Aspire Mining has been granted a mining lease for its Nuurstei coking coal project, in Mongolia. The mining licence from the Mineral Resources Authority of Mongolia provides the ASX-listed company with a minimum 30-year tenure over the licenced area, and will result in Aspire issue... 

Iron-ore’s rapid surge prompts Macquarie to sound the alarm

By: Bloomberg     13th July 2016 iron-ore’s rally to a two-month high just prompted Macquarie Group Ltd. to sound the alarm as the bank says gains may be well beyond fundamentals, with abundant supply from miners, inventories stacking up at China’s ports and steel production set to contract. While speculation about stimulus in... 

China’s environmental policy will not curb iron-ore demand – analyst

By: Esmarie Iannucci     28th March 2014 China’s drive to clean up its steel industry’s environmental act was expected to have little impact on iron-ore demand in the short term, advisory firm Wood Mackenzie said on Friday. While China has instituted a number of emergency measures on regional steelmakers, with mills in Tangshan ordered... 

Iron-ore drops to one-month trough on slow Chinese demand

By: Reuters     1st March 2013 SINGAPORE– Spot iron-ore prices fell to one-month lows and were headed for a second straight week of losses, as buying interest from top importer China thinned amid high stockpiles of steel products, reflecting slow demand. Shanghai steel rebar futures dropped 1.8% on Friday as investors sold off... 

Iron-ore seen in tight ranges amid lean Chinese demand

By: Reuters     21st January 2013 Spot iron-ore prices may be headed for more weakness this week amid lean demand from top buyer China, although expectations of tight supplies during the first quarter should keep losses in check.  


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