Iron ore and steel: China prepares for winter

China’s iron ore imports rebounded in July, customs data showed on Wednesday, buoyed by record steel production and strong margins as official measures to cut pollution curb the output of cheaper products from small mills. The world’s top iron ore importer bought 89.96 million tonnes of the steel making raw material last month, according to
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China’s steel futures pulled back after hitting their highest level since 2013 on Wednesday as news that the United States could slap higher tariffs on $200 billion of imported Chinese goods halted a rally that pushed prices 10 percent last month. But traders say Beijing’s sustained campaign to curb industrial production, including steel, to fight
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Brazil’s Vale , the world’s top iron ore producer, forecast stable iron ore prices and rising premiums for its top quality ore thanks to strong demand from China, despite global trade tensions. In a conference call a day after posting solid second quarter results, executives also said that a business plan for Samarco, a disaster-hit
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China’s demand for imported iron ore pellet is likely to remain strong for the near future because of sintering and pelletizing restrictions in the key steelmaking city of Tangshan. Tangshan has imposed a near-total halt on pelletizing and sintering operations indefinitely to reduce emissions. Mills will have to increase the proportion of direct-charge feed in
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China’s iron ore imports dropped 11.6 percent in June from the previous month, customs data showed on Friday, hit as Beijing intensifies its push to clean up the country’s environment and by mounting stockpiles at ports. Arrivals into the world’s top importer of the steelmaking material reached 83.24 million tonnes last month, according to the
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The collapse of iron ore prices in the face of oversupply has been threatened for the last few years. Following massive investments in Australia and Brazil, oversupply was expected to hit dwindling demand on the back of a cooling Chinese property market and an environmental crackdown on excess steel production. Yet despite repeated dire warnings,
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Shri Nitin Gadkari, Hon’ble Minister for Road Transport & Highways, Shipping & Water Resources, to inaugurate facility •             24 MTPA mechanised iron ore handling complex built on the outer harbour of Vizag Port at an investment of Rs 830 crore •             Expansion strengthens nation’s vision of Sagarmala and coastal cargo movement •             Can berth Super
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Chinese steel futures rose on Wednesday after the country’s biggest steelmaking city, Tangshan, said it would deepen output curbs over the summer, raising concerns of tight supplies in the market. Tangshan, home to 64 steelmakers, has ordered steel mills, coke producers and utilities to cut output further starting from July 20 until Aug. 31, according
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Iron ore futures in China shook off early gains to end lower on Wednesday, reflecting worries over slipping steel margins this year amid leaner demand in the world’s top consumer. A seasonal pickup in China’s construction activity that usually occurs in April and May has been off to a slow start, traders said. “A likely
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