Iron ore price up despite high China ferrous scrap imports

Mining News Pro - Iron ore prices continued surging on Monday, propelled by recovering global steel demand.

Nonferrous metals exploration budget down by 11% in 2020

Mining News Pro - S&P Global Market Intelligence’s annual World Exploration Trends Report was released this week and shows that the global budget for nonferrous metals exploration decreased 11% to an estimated $8.7 billion in 2020 from $9.8 billion in 2019.

Weekly Overview;

Global Ferrous Scrap Market

Mining News Pro - Global ferrous scrap market witnessed downward trend in prices for all major markets yet again.

Global Ferrous Scrap Market Overview

Mining News Pro - Global ferrous scrap prices observe softening in almost all major markets on weak demand this week except East Asia. Turkey steelmakers booked a single cargo, however, Japanese scrap prices observe marginal correction in the monthly Kanto monthly export tender. Chinese scrap prices lowered successively on sharp fall in Iron ore prices with three price cuts announced for domestic scrap purchase by Shagang Steel.

Russian scientists working on technology for extracting non-ferrous and noble metals

Mining News Pro - Researchers at Russia`s Ural Federal University, known by its initials UrFU, are working on a method for extracting non-ferrous and noble metals from hard-to-process ores.

Global Ferrous Scrap Market Overview

Mining News Pro - Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan`s monthly Kanto tender for Apr`19 fetched bids lower by USD 15 against last month.

Indian Ferrous Scrap Imports Down 19% in September

Mining News Pro - India world’s third-largest scrap importer after Turkey and South Korea has witnessed fall in its scrap imports in Sept’18. As per customs data, India imported 406,506 MT ferrous scrap in Sept’18, down 19% as against 499,948 MT recorded in Aug’18. On yearly premises, scrap imports decreased by 10% Y-o-Y as against 450,097 MT ferrous scrap in Sept’17.

Global Ferrous Scrap Market Overview - Week 46, 2018

Mining News Pro - This week observed softening trends in major global scrap markets on weak demand.

Global non-ferrous budgets up 19%, S&P

Mining News Pro - Estimated global non-ferrous exploration budgets, 1996- 2018. (Image: S&P Global Market Intelligence)

Global Ferrous Scrap Market Overview - Week 45, 2018

Mining News Pro - This week observed softening trends in major global scrap markets. Turkish scrap importers continued booking cargoes for Nov-Dec shipments at marginally corrected prices.

South Korea: Ferrous Scrap Imports Marginally Down in Q3 2018

Mining News Pro - Scrap imports from US jump three fold and from Japan fall 14% in Q3`2018.

Global: Ferrous Scrap Market Overview - Week 43, 2018

Mining News Pro - This week observed diverse sentiments in different major global scrap markets.

Indian Ferrous Scrap Imports Stable in August

Mining News Pro - India world’s third-largest scrap importer after Turkey and South Korea has witnessed stability in its scrap imports in Aug’18.

Indian Ferrous Scrap Imports Stable in August

Mining News Pro - India world’s third-largest scrap importer after Turkey and South Korea has witnessed stability in its scrap imports in Aug’18.

Russian Ferrous Scrap Exports Down 21% in August on Falling Turkish Imports

Mining News Pro - After imposition of ban on scrap exports since 21st July, major importers like Turkey and South Korea observed 41% and 58% fall in scrap imports from Russia in August

Global: Ferrous Scrap Market Overview - Week 42, 2018

Mining News Pro - This week observed mixed sentiments in major global scrap markets. Turkish scrap prices remain supportive for European and Baltic region cargo trades.

Global: Ferrous Scrap Market Overview - Week 42, 2018

Mining News Pro - This week observed mixed sentiments in major global scrap markets. Turkish scrap prices remain supportive for European and Baltic region cargo trades.

Global Ferrous Scrap Market Overview - Week 41, 2018

Mining News Pro - This week observed mixed sentiments as majority of markets reported slight decline in offers, except Japan where domestic prices still continued to remain strong.

Turkey: Ferrous Scrap Imports Up 13% during Jan-Aug`18

Mining News Pro - Turkey-world’s largest scrap importer has been witnessing rising EAF route crude steel production in CY18. Considerably rising scrap imports could be a result of high usage of scrap in EAF steel outputs in the country.

Global Ferrous Scrap Market Overview - Week 40, 2018

Mining News Pro - This week observed ‘stable to strong’ prices mainly in global scrap markets like USA, Turkey and South East Asia.

South African Ferrous Scrap Exports Down 12% in August

Mining News Pro - South Africa, one of the leading scrap exporters observed fall in its ferrous scrap exports in Aug’18 on monthly basis against exports recorded in Jul’18.

Sweden: Ferrous Scrap Exports Hit 3 Years’ Low in July

Mining News Pro - Nil imports from USA and sharply fallen imports from major importers like Norway, Germany and Pakistan resulted in considerable fall in Swedish scrap exports in July.

Global Ferrous Scrap Market Overview - Week 39, 2018

Mining News Pro - This week observed stability in Turkish prices amid few more deals concluded for Oct-Nov shipments.

Vietnam: Ferrous Scrap Imports Up 30% in July

Mining News Pro - Vietnam – one of the fastest emerging steel markets in South East Asia has recorded rise of 30% M-o-M in its monthly scrap imports in Jul’18.

Global Ferrous Scrap Market Overview - Week 38, 2018

Mining News Pro - This week observed further increase in prices in deals concluded by Turkish scrap importers amid tight supply.

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