January 2018

Worldwide Q4 earnings at ArcelorMittal up 29% on higher steel shipments, prices

ArcelorMittal’s global earnings increased by 28.92% year-on-year in the fourth quarter of 2017 due to increased steel shipment volumes and higher prices, the company said on Wednesday January 31.

ArcelorMittal forecasts 2018 iron ore shipments to rise 10% amid ramp-up in Liberia

ArcelorMittal has predicted that its global iron ore shipments will rise by 10% year-on-year in 2018 following an increase in production at its mines in Liberia, the firm said on Wednesday January 31.

IRON ORE PRICES: Benchmark index stays at $73 per tonne cfr China

Iron ore prices continued to hover around $73 per tonne cfr China on Wednesday January 31 amid an inactive physical market.

Subdued Chinese steel market weighs on seaborne iron ore prices

The seaborne iron ore market continued to soften on Wednesday January 31 amid a subdued steel market in China.

China AM: Steel futures retreat further with industries winding down

China’s steel futures continued to decline on Wednesday January 31 amid slowing industrial activity ahead of the Chinese New Year holiday next month.

APEX 2017: Base winner hits 96.4% accuracy for 2017, precious winner gets 97.9%

ABN Amro’s Casper Burgering took the top spot on Metal Bulletin’s Apex 2017 yearly base metals leaderboard with an accuracy rating of 96.4%.

Steelmaking Raw Materials Trade Log, January 30, 2018

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

NORTH AMERICAN MORNING BRIEF 30/01: LME base metals lower; Noble Group reaches restructuring deal; Chadha to join Kyen Resources

The latest metal markets news and price moves to start the North American day on Tuesday January 30.

IRON ORE PRICES: Benchmark index slips below $73 per tonne

Iron ore prices tumbled below $73 per tonne cfr China on Tuesday January 30 after a drop in billet prices, with trades concluded at lower prices than a week ago.

Seaborne iron ore market softens further on subdued steel market

The seaborne iron ore market continued to slip on Tuesday January 30 amid a slight drop in the price of billet.