HEADLINES

  • China’s Flash HSBC Manufacturing PMI for April comes at 48.3
    China | Steel | 23rd April 2014

    As per an independent report, the initial reading of manufacturing index for the month of April, also known as the flash PMI and released by HSBC and Markit, rose to 48.3 from 48 in March. Anything below 50 signals a contraction, while a figure above that level suggests growth. This indicates that...

    More

  • Spot iron ore under pressure; paper markets show slight revival
    Iron ore | Others | 23rd April 2014

    Trade seemed constrained from varying cues as the flash manufacturing PMI of April which came at 48.3 depicted that the manufacturing sector in China is still shrinking, while a different set of industrial data indicated that the steel demand will grow around 3 percent in the current year and...

    More

  • Atlantic thermal coal prices ease following Easter holidays
    Others | Coal/Coke | 23rd April 2014

    In the Atlantic markets, the physical thermal coal prices delivered into Europe declined as the active trading began Tuesday following Easter holidays, as the sluggish demand continued due to a warmer weather ahead, which kept the tab on the prices as the market tried to come out of the crisis in...

    More

  • Tata Steel to invest in Canadian iron ore project
    Others | Steel | 23rd April 2014

    According to an independent report, Tata Steel is set to decide on an investment in New Millennium Iron Corp (NML's) iron ore mining and pellet project in Canada, as a feasibility study has established the viability of the project. Tata Steel, one of the largest steel producers in the world, is a...

    More

  • Spot steel offers move sideways in India
    India | Steel | 23rd April 2014

    Semi-finished offers moved slightly sideways during the initial session of trade on Wednesday, with major demand centers depicting varying fundamentals from the secondary steelmakers. Earlier spurge in the raw material buying has eased out as the market now seemed amply supplied on the ingots and...

    More

  • Working to get required nod to reopen Goa mines: Sesa Sterlite
    India | Iron ore | 23rd April 2014

    On the day following Supreme Court’s decision to revoke ban on mining ban in Goa, Sesa Sterlite, India's biggest zinc and aluminum maker, indicated that bit is working to secure necessary permission for re-opening its mines in the state. In a statement, the Vedanta Group firm said that the...

    More

  • Supreme Court order renders all mining leases in Goa illegal: Manohar Parrikar
    India | Iron ore | 23rd April 2014

    Supreme Court order on iron ore extraction has rendered all mining leases in Goa “illegal” and the state government will have to put in place a new mechanism to legalize them, Chief Minister Mr. Manohar Parrikar said on Tuesday. He said the government is not inclined to follow the first...

    More

  • Rowghat project cost should include security expenses: SAIL
    India | Iron ore | 23rd April 2014

    Centre may soon review steelmaker SAIL's demand to include security expenses in the project cost of INR 5,000 crores for developing Rowghat mines in Naxal hotbed in Chhattisgarh. "SAIL officials recently raised the issue of construction of railway line between Rowghat and Dalli-Rajhra stretch...

    More

  • Baltic indices go green; charter rates show improvement across all segments
    Others | Freight | 23rd April 2014

    Main Baltic Index moved in the green zone with the marginal improvement in the charter rates across all the segments, while the demand outlook remained a major concern for the participants. Dry Bulk market has seemingly bottomed out as Baltic Dry Index depicted a hike of 9 points to end at 939...

    More

  • Indonesia exported 35.5 million tons of coal in March
    Others | Coal/Coke | 23rd April 2014

    According to an independent report, Indonesian coal exports for the month of March amounted to 35.54 million tons, around 9.1 percent higher compared to the February’s exports of 32.57 million tons. Same report indicated that the average export price of coal in March was around $54.43 per ton...

    More

  • Mahanadi Coalfield Ltd. misses output target
    India | Coal/Coke | 23rd April 2014

    Coal India’s subsidiary, Mahanadi Coalfield Ltd. (MCL) has again missed its set target of the last fiscal year, marking it as a third straight year of missing the production targets set by Ministry of Coal. MCL is the second largest coal producing subsidiary of Coal India, behind SECL (South...

    More

  • Iron ore prices continue to decline; futures experience prolonged fall
    Iron ore | China | 22nd April 2014

    Market inquiries were limited by potential buyers’ buying interests as steel mills preferred to stay on the sidelines at the moment and limited their buying from the ports. Some traders have seemingly lowered their offers in line with the recent trend, but the steel mills were seen...

    More

  • POSCO to export FINEX Steel plant
    Others | Steel | 22nd April 2014

    According to an independent report, world’s third-largest steel maker POSCO is looking to export its steel-making FINEX Plant One after ending its operation, in the wake of kicking off the full operation of its FINEX Plant Three. Via this move, POSCO is planning to step up its financial...

    More

  • Indian steel prices slips marginally; mood remains upbeat
    India | Steel | 22nd April 2014

    Steel offers moved down on Tuesday as the semi-steel segments saw prices inching lower with the off-take from the secondary steelmakers now slowing down as the stock seemed replenished while the construction activities continued at a brisk pace ahead of monsoon. Overall, the mood is has been...

    More

  • China’s crude steel output up by 2.4 percent in Q-1
    China | Steel | 22nd April 2014

    Compilation of recent CISA (China Iron and Steel Association and NBS (National Bureau of Statistics) figures indicated the China produced about 202.7 million tons of crude steel in the first three months of this calendar year, up 2.4 percent from last year. Furthermore, the country produced 179.7...

    More

  • Steel production in China’s Hebei province slips 3.5 percent in March: NBS
    China | Steel | 22nd April 2014

    As per the recently released data by China’s National Bureau of Statistics, the steel output from Hebei, the major steel producing province in China produced around 17.43 million tons of crude steel in the month of March, depicting a fall of 3.5 percent (year-on-year). This decline is...

    More

oreteam indices

OreTeam Freight Index

Pellet Index India

Pellet Index International