October 2017

IRON ORE PRICES: Benchmark index little changed at $58 per tonne

Iron ore prices were largely stable around $58 per tonne cfr China after the Chinese steel market regained some losses on Tuesday October 31.

Steelmaking Raw Materials Trade Log, October 31, 2017

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.

Seaborne iron ore market steady amid Chinese steel gains

A recovery in China’s steel market provided support to seaborne iron ore price on Tuesday October 31.

China AM: Steel futures up despite lower PMI

China’s steel futures jumped during morning trading on Tuesday October 31 despite a drop in the country’s steel purchasing managers’ index (PMI).

Shougang Hierro Perú output surges in September after earlier strike

Iron ore output nearly tripled year-on-year in September this year at Peru’s sole producer, Shougang Hierro Perú, but this was largely a result of a workers’ strike in the second half of September 2016.

CSN earnings reach $373 mln in Q3, unaudited figures show

Brazilian steel producer CSN reported adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of 1.21 billion Reais ($372.52 million) for the third quarter of 2017 in unaudited results published on Monday October 30.

Ahmsa's Q3 earnings fall 60% on mill fire, poor weather at mines

Earnings at Mexican steel producer Altos Hornos de México (Ahmsa) declined by 60.08% year-on-year in the third quarter of 2017, as a result of an accident at its No2 cold rolling mill and problems related to poor weather.

Iron ore production resumes at Shougang Hierro Perú as strike ends with pay rise for workers

Iron ore production resumed at Peru's sole iron ore miner on Sunday October 29, as Shougang Hierro Perú employees ended a near three-week strike after the company agreed to increase worker pay.

Seaborne iron ore concentrate prices slide, pellet market strong

The seaborne iron ore concentrates market fell during the week ending Friday October 27 in line with a drop in fines prices, with demand improving at Chinese ports.

IRON ORE PRICES: Benchmark index falls below $60 per tonne

Iron ore prices tumbled below $60 per tonne cfr China on Monday October 30 in the wake of new restrictions in Tangshan imposed on sintering and pelletizing facilities due to a forecast deterioration of air quality.