HEADLINES

  • Goa mines dept moving files to resume mining
    India | Iron ore | 24th October 2014

    As a Diwali gift to the miners in Goa who had been patiently waiting for over 2 years now to restart mining, the state mines department is believed to have moved a file clearing ten mining leases, initiating a major step to resume mining operations halted for last two years in Goa, as per sources....

    More

  • Vale post record iron ore output in September quarter
    Iron ore | Others | 24th October 2014

    World’s largest iron ore miner, Brazil’s Vale SA posted a record iron ore output for the third quarter ending this September, boosted by the quarterly gains in all its business segments, as per the recent production data. The company is expected to release its third quarter financial...

    More

  • Coal exports from Australia’s DBCT come at 6.05 million tons in September
    Others | Coal/Coke | 24th October 2014

    As per the recently released throughput report, Australia’s Dalrymple Bay Coal Terminal exported 6.05 million tons of coal in the month of September, which was about 5.6 percent higher from the previous month. The terminal which exports mostly coking coal used in metallurgical operations saw...

    More

  • Global steel output steadied in September
    Others | Steel | 24th October 2014

    As per the recent data from World Steel Association, global crude steel production for the 65 countries reporting to the World Steel Association was 134 million tons in September 2014, a slight decrease of 0.1 percent compared to September 2013.

    More

  • Indian steel prices hold stable amid thin trading post Diwali
    India | Steel | 24th October 2014

    Indian steel markets opened flat as most of the demand centers showed little trading activities in the semi steel and long steel segments. Looking at the recent trends, the market has become quieter as prices of steel products continued to trade in a tight range on lack of worthwhile activity in...

    More

  • China home prices post first annual drop in 2 years
    China | Steel | 24th October 2014

    China new home prices fell 1.3 percent in September from the year-ago period, marking the first annual drop in almost two years. On a month-on-month basis, prices fell one percent, their fifth straight month of drops and wiping out gains in the past year. However, the extent of the decline eased...

    More

  • Tokyo Steel cuts steel scrap procurement prices
    Others | Scrap | 24th October 2014

    Japanese steelmaker, Tokyo Steel recently announced a cut in its scrap purchasing prices by 500 – 1,000 Yen per ton. This is seventh price reduction by the steelmaker since late September, following which the HMS 2 scrap purchasing prices will average between 28,500 Yen per ton to 29,500 Yen...

    More

  • Baltic Dry Index continued to move higher with more gains in capesizes
    Others | Freight | 24th October 2014

    Freight markets in the dry bulk segment gained again on Thursday, and primarily on the back of advances in the capesize and panamax sectors as the charter rates continued to trended higher. Baltic Dry Index (BDI), gauge of the global freight for dry bulk went up by 19 points to close at 1,155...

    More

  • DRI output comes at 4.896 million tons in September 2014
    Others | Dri/Pig Iron | 24th October 2014

    World Steel Association’s (WSA) recent data depicted that the global sponge iron (DRI) production for the month of September stood around 4.896 million tons, depicting a marginal hike of 0.1 percent from August’s figure of 4.891 million tons. India was the biggest producer of sponge...

    More

  • World’s pig iron production declined 2.4 percent in September
    Others | Dri/Pig Iron | 24th October 2014

    As per the recently released data by World Steel Association (WSA), the global pig iron production for the month of September 2014 stood around 100.819 million tons, depicting a decline of about 2.43 percent from August’s figure of 100.891 million tons.

    More

  • US weekly coal output declined by 2.7 percent
    Others | Coal/Coke | 24th October 2014

    According to the recently released figures by Energy Information Administration (EIA), the weekly estimated coal production in the US (including thermal and metallurgical coal) stood around 18.7 million short tons for the week ending on 18th October, 2014. Moreover, the estimated output around 2.7...

    More

  • Spot steel prices trend sideways ahead of Diwali
    India | Steel | 22nd October 2014

    In the Indian steel markets, the semi steel prices moved in a tight range during the initial session of trade on Wednesday, while the finished steel segment was broadly steady ahead of major festival of Diwali in the northern and western part of the country. The steelmakers are eying the festive...

    More

  • BHP Billiton posts increased iron ore output for September quarter
    Iron ore | Others | 22nd October 2014

    Anglo Australian miner, BHP Billiton posted good production numbers for September quarter, beating expectations in iron ore and coal operations. The company also indicated that it is on track to meet its full-year iron ore production guidance of 245 million tons.

    More

  • JSW Steel swings back to profit in September quarter
    India | Steel | 22nd October 2014

    On Tuesday, JSW Steel reported a consolidated net profit of INR 749 crores in July-September quarter on the back of higher margins and hedging initiatives that helped it avoid FOREX loss. The company had reported INR 116 crores net loss in the July-September quarter of the previous fiscal. "...

    More

  • Odisha sets two panels to streamline mining, caps ore production
    India | Iron ore | 22nd October 2014

    Odisha government on Tuesday decided to set up two committees, one to expedite renewal of mining leases and another for satellite monitoring of mining activities in the field besides capping iron ore production in the state for the year 2014-15. A series of decisions on the mining sector was here...

    More

  • Mineral production in August up 2.6 percent, valued at INR 17,264 crores
    India | Iron ore | 22nd October 2014

    Country's mineral production saw 2.6 percent growth in August year-on-year with its total value estimated at INR 17,264 crores. "The index of mineral production of mining and quarrying sector for the month of August 2014 was 2.6 percent higher as compared to August 2013," said an official...

    More

oreteam indices

OreTeam Freight Index

Pellet Index India