Iron ore | Pressure on Aussie miners as China steel demand …
Iron ore prices have dropped to 21-month low after China's largest steelmaker put the industry on edge by saying the sector faced a crisis more acute than the downturns of 2008 and 2015.
China pushes for lower energy consumption and carbon …
This compares with China's 1.02 billion tonnes of crude steel output in 2023, so is unlikely to boost the steel market in the second half of the year. But a production cut of just over 20 million tonnes is likely to hit prices of key steelmaking raw material iron ore. As a result, lower iron ore prices could pull prices for finished steel lower.
A Comprehensive Guide to Current Steel Rate in …
Current Steel Rate in Pakistan: In Pakistan, where construction is a cornerstone of economic growth, understanding steel prices is crucial for navigating the complexities of the building …
Lower steel mill rates in China could pressure iron ore prices: …
Chinese steel mills with cash flow tightness may be forced to cut or halt steel production in November-December, which will pressure iron ore prices, the China Iron & Steel Association said Monday
Why China's new 2024 steel output cut policy is
"The crude steel production cut would dampen prices for iron ore and coking coal, but the final impact would depend on the implementation [of production cuts] in the long term," a mill source from …
Outlook darkens for China's already weak steel output
A labourer piles up steel pipes at a steel and iron factory in Shenyang, Liaoning province April 23, 2010. ... China's steel mills are battling weak margins, with data from consultancy MySteel ...
Low-Carbon Production of Iron & Steel: Technology …
A globally traded commodity, iron and steel production has tripled production since 2000, with 2018 seeing $2.5 trillion in sales [(Worldsteel Association, 2019)]. It is also an enormous source of greenhouse gases: today's iron and steel industry generates roughly 6% of global CO2 emissions (see table 2).
Iron ore under pressure as China's steel mills cut …
The China Iron and Steel Association said China's big steel mills reported a total 2023 profit of 85.5 billion yuan ($18 billion), a 12.47 per cent decrease from the previous year. Mysteel says ...
Four reasons why China faces an unparalleled steel crisis
Both options will put pressure on steel mills," an exporter in China said. Fastmarkets calculated its steel hot-rolled coil index export, fob main port China at $448 per tonne on September 11, down by $18.67 per tonne from $466.67 per tonne on August 30, and down by $98 per tonne from $546 per tonne on September 11 2023.
Surge in China steel making buoys iron ore miners, hurts …
Increased steel production in China is pushing iron ore prices higher but resulting in lower margins for Australian steel makers including Blupe.
Net-Zero Roadmap for China's Steel Industry
use of coal as the primary fuel for iron and steel production globally means that iron and steel production has among the highest carbon dioxide (CO 2) emissions of any industry. The iron and steel industry accounts for around a quarter of greenhouse gas (GHG) emissions from the global manufacturing sector (IEA 2019).
Iron Ore Battered to 2022 Low as China's Steel Crisis Hits …
August 16, 2024 at 4:18AM EDT. (SGX) (Bloomberg) -- Iron ore headed for a brutal weekly loss, hitting the lowest level since 2022, on concern that a steel-industry crisis rippling …
Chinese steel mills may see high operating rates during …
Most of the steel mills would continue their iron ore restocking activities from China portside till the last week before the holidays to support the high operating rates during the Lunar New Year ...
China's steel output cuts remain too small to buoy steel …
The squeeze on steel profit margins could continue for the rest of 2023, they said. Steel output. China's daily pig iron and crude steel output for Oct. 11-20 declined by 0.5% and 0.7% from early October to 2.365 million mt and 2.717 million mt respectively, China Iron and Steel Association data showed.
China's steel production falls in late Sep but markets remain …
Doubts linger over CISA report about output fall Prices remain under pressure Declining iron ore port stocks show no major cutbacks Steel output can slow in Oct due to weak market China's daily pig ir ... China's daily pig iron and crude steel output averaged 2.406 million mt and 2.76 million mt in September, down 2.4 % and 4.8% on …
China pushes for lower energy consumption and carbon …
This compares with China's 1.02 billion tonnes of crude steel output in 2023, so is unlikely to boost the steel market in the second half of the year. But a production …
Iron ore price falls as Chinese steel mills cut output
The price drop has largely been caused by a drop off in steelmaking in China, the top consumer of iron ore. China's Dalian Commodity Exchange (DCE), the most-traded May iron ore contract, ended the day's trading 5.41% lower at 831 yuan ($115.68) per tonne (t), its lowest since 23 October.
Iron ore price falls as Chinese steel mills cut output
The price drop has largely been caused by a drop off in steelmaking in China, the top consumer of iron ore. China's Dalian Commodity Exchange (DCE), the …
China's strong iron ore imports diverge from weak steel …
This divergence sets up a dilemma that can be resolved in a number of ways, including lower iron ore imports, a boost to steel output or a sustained rise in China's iron ore stockpiles.
China iron ore port prices hit 16-month peak on high steel mill
Despite negative steel production margins, Chinese steel mills ran high operation rates for blast furnaces, which supported iron ore demand. Total crude steel output from January to September was at 795 million mt, up 1.7% year on year, according to China Iron and Steel Association. "Not all finished-steel production margins were …
Analysis: China's mill margins soar on expectation of output …
Melbourne — China's steel mill margins have reached their highest ... Market sentiment has been buoyed by expectations of tight steel supply due to key steelmaking hub Tangshan's order to lower utilization rates by 25%-30% over the rest of this year in a bid to reduce pollution. ... Most respondents to the Platts Iron Ore & Steel …
Four reasons why China faces an unparalleled steel crisis
Both options will put pressure on steel mills," an exporter in China said. Fastmarkets calculated its steel hot-rolled coil index export, fob main port China at $448 …
Why China's new 2024 steel output cut policy is
Talk to us about our steel price data options today. China's crude steel output decreased by 2.8% year on year to 1.035 billion tonnes in 2021 and by 1.64% year on year to 1.018 billion tonnes in 2022. In …
Bulk Buys: Lower steel mill margins pressure iron ore prices…
China's production of steel increased for a fifth consecutive month in December 2020, bringing the annual growth rate to 5.8 per cent, as its share of global steel output rose. The Middle Kingdom produced 58 per cent of world steel output in 2020, and increased its market share from about 54 per cent in 2019.
Chinese steel mills may see high operating rates during …
Some market sources said steel mills in North China have maintained a 7-14-day iron ore stock but may continue to replenish iron ore from the portside before holidays. ... This would likely affect the operating rates of steel mills after the holiday, which may lead to lower iron ore demand. However, a steel mill source in Jiangsu said …
Column: High-grade iron ore outperforms as China steel …
The premium Chinese steel mills are willing to pay for high-grade iron ore has widened in recent months, suggesting both a recovery in profitability and a desire to maximise output at blast furnaces.
BHP's Fair Value Reduced by 4%, Driven by Lower Iron Ore, …
We reduce our fair value estimate to USD 52 per ADR from USD 54, driven by lower iron ore, copper, and metallurgical coal prices. We now assume iron ore averages about USD 93 per metric ton from ...
Iron Ore Battered to 2022 Low as China's Steel Crisis Hits …
Steel mills in China, the biggest iron ore importer, have suffered from lackluster demand and sinking product prices, and many of them are cutting back on output. Earlier this week, leading producer China Baowu Steel Group Corp. said the industry was facing a downturn more severe than major slumps seen in 2008 and 2015.
Lower steel mill rates in China could pressure iron ore prices: …
Over January-October, China's steel output fell 2.2% year on year to 675 million mt, while October output was down 3.1% year on year at 66 million mt. China's appetite for iron …
China's state iron ore buyer gets down to business, yet to …
FILE PHOTO: A view of the production line at a cold rolling plant during a government-organised media tour to Baoshan Iron & Steel Co., Ltd. (Baosteel), a subsidiary of China Baowu Steel Group, in ...