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China rolls out plan for industrial sector to carbon peak

Regarding the ferrous and non-ferrous industries are worried, the strategy kept in mind that China will see all qualified steel scrapyards nationwide to host over 180 million tonnes/year of processing capability by 2025 and also electric-arc...


POSCO and Vale in joint study to produce HBI

The arrangement to introduce the scoping research study, signed in Vale's Rio head office Monday by POSCO's buying and also investment department head, Lee Joo-tae, as well as Vale's international iron ore sales division head Luiz Meriz, is...


Vale's Q2 iron ore fines prices down, but costs rise

The report associated the dip in realized price to the unfavorable rates change of sales from the previous quarter and also to the adverse impact of provisional prices in the present quarter. Adding too were reduced costs and high quality ch...


Shagang rolls over rebar list prices for early Aug sales

With the current change, Shagang's HRB400 16-25mm dia rebar rate stays at Yuan 4,500/ t, its HPB300 6-10mm high-speed wire pole is still priced at Yuan 4,510/ t, as well as its HRB400 8-10mm bar-in-coil is still at Yuan 4,600/ t, done in reg...


Japan's Jan-June scrap exports plunge 25% YoY

Throughout January-June, South Korea reclaimed its setting as the biggest purchaser of Japan-origin scrap, accounting for 54.3% of all Japanese scrap exported throughout the 6 months, up from 34.3% a year ago. Vietnam, previously the top buy...


DAILY: China import iron ore prices fall, sales thin

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao eased by Yuan 15/wmt ($ 2.2/ wmt) on day to Yuan 791/wmt FOT and including the 13% BARREL. On the very same day, the Mysteel SEADEX 62% Australian Penalties index ended $2.9/ dmt low...


India's pellet production falls nearly 20% in June

Production of iron ore pellets in India went down by almost 20% m-o-m in June to around 5.7 million tonnes (mnt) as against 7 mnt in May, based on information preserved with SteelMint. Production dropped because of the abrupt effect of the e...


DAILY: China import iron ore prices ease, sales improve

On Wednesday, Mysteel PORTDEX 62% Australian Penalties in Qingdao slid to Yuan 781/wmt ($ 115.7/ wmt) FOT and consisting of the 13% VAT, being Yuan 24/wmt down on Tuesday's outcome. Also today, Mysteel SEADEX 62% Australian Fines decreased b...


SK: Heavy plate production, sales stay flat in H1CY22

Manufacturing, sales up partially y-o-y in H1 Hefty plate manufacturing by Oriental mills stood at 4.51 million tonnes (mnt) in H1CY22, up marginally by 1% against 4.47 mnt in the exact same duration last year. Nevertheless, in June 2022, ma...


WEEKLY: Japan's H2 scrap prices dip for 13th week by $30-46/t

Last Friday, Japanese mini-mills in the Kanto region around Tokyo paid Yen 39,500-40,500/ t for H2 quality scrap, down Yen 4,000-6,000/ t on week, and the complete decline considering that the beginning of May has actually reached around Yen...