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Brazil’s iron ore exports dropped considerably in August, says trade data

According to latest trade data published by Brazil’s Ministry of Industry, Development and Foreign Trade (MDIC), the country’s iron ore exports dropped significantly during the month of August this year. China remained the top export destination, accounting for 56% of the total ...

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Price spread between iron ore grades likely to narrow

The Australian iron ore mining major-Fortescue Metals Group said Wednesday that it expects the price spread between the 58% Fe and 62% Fe grades to narrow further in the year ahead. The company stated that they are seeing it narrow already. Nev ...

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Latin American demand spikes up Chinese finished steel exports

The exports of finished steel from China to Latin American countries surged during first half of 2014. The region has emerged as the second largest destination of Chinese exports. The finished steel exports from China to Latin America surged over 65% when ...

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Indonesia imposes safeguard duty on imported flat iron and steel

According to press release by Indonesian Trade Ministry, the government has decided to impose safeguard duty on imported flat iron and steel. The move is intended to restrict the rising shipments into the domestic market. The duty imposition will remain ...

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H-beam export prices drop sharply; competition intensifies among Asian countries

The Japanese mills which enjoyed the monopoly of large H-beam exports are reportedly facing stiff competition from Korean and Taiwanese mills. The export prices in June for these products were $800 CFR. However, the launch of these products by Taiwanese ...

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China to gradually see negative growth in steel production: Baosteel

According to Baosteel Corp, the age of rapid growth in steel sector has come to an end in China. The country is most likely to witness negative growth in steel production in the years to come.   The steelmaker also ...

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North American crude steel output declined 3.2% in June 2014

According to the recent data published by the World Steel Association, the crude steel production by North American countries dropped by 3.2% month-on-month during June 2014. The total crude steel production by Canada during June this year was 1.010 Mt, lower than ...

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Stainless Steel Scrap Prices Jumped Higher in May

LOS ANGELES (Scrap Monster): According to latest market statistics, the prices of various grades of stainless steel scrap advanced during the month of May this year. The prices of 304 grade of stainless steel scrap appreciated by almost 5% from ...

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