Mining News Pro - Iron ore futures jumped on Wednesday, as better-than-expected China manufacturing activity data raised hopes for a demand rebound in the world’s top steel producer.

Thursday, March 2, 2023 - 16:01:52

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Mining News Pro - Iron ore prices climbed again on Friday to nearly $220 a tonne and back to within shouting distance of all time highs hit last month.

Saturday, June 12, 2021 - 12:32:21

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Iron-ore prices in Asia pushed higher on Monday as strengthening global steel demand buoyed sentiment, and as Chinese steel mills continued to ramp up output despite the government's scrutiny of their compliance with stricter anti-pollution rules.

Monday, April 19, 2021 - 16:04:37

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Mining News Pro - Iron ore prices continued to climb on Friday despite concerns over environmental restrictions in China.

Friday, April 16, 2021 - 10:41:32 PM

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Mining News Pro - Indian steel demand is expected to plunge to multi-year lows in 2020, hit by slowdowns in the construction, automotive and rail sectors as India fights the coronavirus with a protracted lockdown, a leading industry body said.

Monday, April 20, 2020 - 1:35:05 PM

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Mining News Pro - In its short-range outlook for steel demand, WSA (World Steel Association) has projected that the steel demand in case of developed economies is expected to increase by 1% in 2018 and by 1.2% in 2019.

Friday, October 19, 2018 - 6:40:40 PM

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Mining News Pro - WSA (World Steel Association) has released its short range outlook for the global steel demand and as per its projections the global steel demand for the year 2018 is anticipated to reach 1,657.9 MnT, an increase of 3.9% y-o-y basis whereas for 2019, the same is expected to grow by 1.4% to reach 1,681.2 MnT.

Friday, October 19, 2018 - 6:37:11 PM

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Mining News Pro - SteelMint learned in recent conversations with market participants that imported scrap offers to Bangladesh have remained almost stable however, with dull demand continues for finish steel in the domestic market, very few buyers were active for buying imported scrap and limited enquiries heard this week.

Saturday, September 29, 2018 - 10:46:28 AM

Visit: 936

Mining News Pro - Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019.

Wednesday, September 12, 2018 - 11:17:58 PM

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Mining News Pro - In recent conversations with market participants SteelMint learned that, imported scrap market has observed limited quantity deals at almost stable prices in Bangladesh. Following corrections in global markets, Bangladesh scrap importers booked few deals for imported scrap recently, moreover, local market has observed few signs of improvement in local finish steel demand reflecting in increasing enquiries for imported scrap.

Friday, August 10, 2018 - 10:08:58 PM

Visit: 940

Mining News Pro - Turkish currency - Lira hit all time low today against USD.

Saturday, August 4, 2018 - 5:12:24 PM

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Mining News Pro - Turkey-based steel mills have turned silent this week as hardly one or two deals have observed at almost stable prices in the market. Very limited activities in finish steel market and economic instability have pulled down buying interest of ferrous scrap among steelmakers. Market is likely to remain at similar levels as further increase looks limited. Despite weak appetite for upcoming August, the month in which activity usually slows down, few European suppliers remain interested in selling at stable prices for September shipments.

Saturday, July 28, 2018 - 5:02:06 PM

Visit: 1036

Mining News - Growth of steel demand globally is forecast to slow next year as China’s demand for the metal is set to cool off and the slower growth trend is likely to remain for a longer term as re-using and re-manufacturing of steel expected to reduce demand for new production, a senior official at the World Steel Association (world steel) said.

Tuesday, July 3, 2018 - 2:07:44 PM

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Mining News Agency -Mr Shi Hongwei director of China Steel Development & Research Institute as saying that China`s demand for steel has peaked and the coming 14th Five-Year Plan period (2021-25) will witness a decrease in steel consumption in the construction industry, while demand in the manufacturing sector is expected to remain at the same level. The official said that during the period, steel consumption will mainly occur in the manufacturing industry, supplemented by needs in construction. He added that specifically, steel consumption is expected to remain 600 million tonnes per year, with the manufacturing sector taking up over 60%.

Tuesday, February 6, 2018 - 9:52:09 AM

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Mining News Agency - According to report, China’s steel demand turned weak due to cold weather with snow as the trade was supposed to pick up for the first week of the year.

Tuesday, January 9, 2018 - 9:58:46 PM

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Mining News Agency -Rating agency ICRA said in a report that Indian domestic steel demand is expected to improve, while production growth is expected to revive on the back of a likely pickup in demand and favourable international steel prices in the near term.

Saturday, December 2, 2017 - 1:25:33 PM

Visit: 934