December 2013

BlueScope to expand iron sands export operations in New Zealand

BlueScope Steel plans to expand its iron sands export operations in New Zealand with a A$50 million ($44 million) investment through the introduction of a third shipping vessel in 2016.

Jiangsu aims to cut 7m tonnes of steel capacity by 2018

China’s Jiangsu province has unveiled a plan to cut 7 million tonnes of steelmaking capacity between 2014 and 2018.

Rio, BHP halt Port Hedland port, rail operations on cyclone fears

Anglo Australian iron ore majors Rio Tinto and BHP Billiton have shut down port and rail operations in North Western Australia ahead of a severe tropical cyclone.

Thailand's car output down 28.8% in November as domestic sales fall

Car manufacturers in Thailand produced 182,818 vehicles in November, down 28.8% year-on-year, figures released on Monday December 30 by the Thailand Automotive Institute (TAI) showed.

Brazil, Australia's adverse weather prompts supply side iron ore price rally

Sentiment in the seaborne iron ore market received some fuel on Monday December 30, with bad weather in two major ore-exporting countries arousing concerns over supply.

CHINA STEEL WRAP: Rebar prices down amid drop in futures market

China’s spot rebar prices fell on Monday December 30 amid a quiet market and tumbling steel futures while those for hot rolled coil held steady.

Spot 63.5% Fe iron ore prices up slightly amid improved sentiment

China’s imported iron ore market saw a lively start to the week on Monday December 30 amid positive sentiment and an increase in enquiries.

China’s spot rebar prices down amid slump in futures market

China’s spot rebar prices fell on Monday December 30 amid a quiet market and tumbling steel futures.

China’s spot HRC prices flat as year-end approaches

China’s domestic hot rolled coil prices held steady on Monday December 30, as market participants become more averse to adjustments with the approaching year-end.

Japanese steel demand set to fall slightly in January-March

Japanese domestic steel demand is expected to fall back slightly in January-March but output for the fiscal year will still hit multi-year highs, according to the country's trade ministry.