MANILA, Sept 9 (Reuters) – Iron ore futures in Dalian and Singapore fell in early trade on Monday after data showed China’s imports of the steelmaking raw material rose in August to a 19-month high, the latest evidence of a continued rebound from recent supply-side issues. China’s iron ore purchases last month totalled 94.85 million…Details
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The three-month aluminium price on the London Metal Exchange had risen at the close of trading on Monday September 9, reaching its highest level since July 31, while a steady uptick in nickel futures over the afternoon saw the metal regain support above the $18,000 per tonne threshold. Aluminium futures closed at $1,799 per tonne,…Details
Canada’s steel and aluminum sectors are key contributors to the Canadian economy, creating well-paying jobs and providing key inputs for major industries. Mr Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada, announced over USD 4.9 million in funding for 10 companies across British Columbia. The funding is being…Details
In a meeting with top state government officials, JSPL Chairman Naveen Jindal emphasised the need to give preference in iron ore auction to companies which have already invested in Odisha Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal on Saturday sought steps to provide raw material security and to reserve iron ore mines for…Details
Seaborne iron ore prices rose strongly above $90 per tonne cfr China on Monday September 9, reflecting gains in the futures and steel markets after the Chinese government boosted liquidity in the commercial banking sector. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $92.97 per tonne, up $3.92 per tonne. 62% Fe Pilbara Blend fines,…Details
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported that steel import permit applications for the month of August totaled 2,134,000 net tons. This was a 40.8% decrease from the 3,606,000 permit tons recorded in July and a 29.6% decrease from the July final…Details
Singapore — India's crude steel production fell in August to 8.99 million mt, down 2.3% from 9.20 million mt a year ago, provisional data released late Friday by the Joint Plant Committee showed. Apparent steel consumption in August was 8.61 million mt, up 1.7% from 8.47 million mt the year before.Hot metal production in August…Details
In January-August Ukraine exported $69.697 million worth of aluminum and its wares, down by 26.1% YoY ($9.157 million in August). Lead exports dropped by 32.7%, to $16.843 million ($1.929 million) and nickel – by 40.2%, to $3.48 million ($0.213 million). Ukraine exported $416 thousand tons worth of zinc ($31 thousand in August) as opposed to…Details
According to the State Fiscal Service, in January-August Ukraine decreased imports of nickel and nickel wares by 12.2%, to $58.301 million ($5.468 million in August). At the same time imports grew by 5.7%, to $261.639 million ($33.214 million in August), and lead – by 1.5%, to $8.906 million ($1.426 million). Tin imports dropped by 27.7%,…Details
In January-August Ukraine increased copper and copper wares imports by 24.1% YoY, to 75.131 million. According to the State Fiscal Service, exports dropped by 47.6%, to $58.229 million. In August copper imports totaled $11.752 million and exports – $6.065 million. (Ukrainian metal)Details
In January-August Ukraine exported 27.214 million tons of iron ore raw materials, up by 10.1% YoY, valued at $2.499 billion, up by 33%. According to the State Fiscal Service, China accounted for 32.35% of deliveries, Poland for 12.67% and the Czech Republic for 9.62%. In 8 months Ukraine imported 108 tons of iron ore raw…Details
In January-August decreased titanium-containing ore and concentrate exports by 2.1% YoY, to 410.261 thousand tons, valued at $100.226 million, up by 14.2%. According to the State Fiscal Service, exports went to Egypt (18.72%), the Czech Republic (17.56%) and Russia (16.5%). In 8 months Ukraine imported 6602 tons of ore from Senegal and Vietnam valued at…Details
LIVE FUTURES REPORT 09/09: LME aluminium price outperforms in lackluster morning trade; nickel down 1%
The three-month aluminium price on the London Metal Exchange was higher during morning trading on Monday September 9, with a 0.6% gain against continued outflows in LME stocks, while spread tightness in nickel futures has been a key factor in reduced buying. The light metal’s three-month price began the day trading at around $1,777.50 per…Details