iron ore and coking coal news

The analysts expect that given a weaker outlook for the steel sector, in China and globally, Australian iron ore exports are likely to weaken. Growth has already slowed, at 4.9% in the first seven months of 2016 versus double digit growth in the same period last year. Almost 82% of Australian iron ore was exported to China over this period.

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Iron ore prices have tumbled to less than half their record high in May, squeezed by demand cuts in China and margin pressures from metallurgical coal prices soaring to unprecedented levels. The free fall in iron ore prices has been so fast that some portside traders in China are facing losses almost as high as the price of ore itself.

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CHN Energy's coal production reaches 50-Mt level for 14 mths China Energy Investment Corporation (CHN Energy), the country's largest coal miner, had maintained a high monthly production of 50 mi... (Writing by Tammy Yang Editing by Harry Huo) For any questions, please contact us by inquiry@fwenergy or +86-351-7219322. All rights reserved.

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MANILA, Oct 19 (Reuters) - Prices of steelmaking commodities iron ore and coking coal fell sharply on Thursday, pressured by worries over slower demand as Chinese mills curb output in line with Beijing's campaign to fight smog. Iron ore futures slid more than 3 percent and coking coal dropped more than 6 percent.

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In the month, railway shipment of iron ore was 364,500 tonnes, slumping 41.42% from a year ago, and down 9.98% from September. Coal railings totaled 8.36 million tonnes …

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The Commonwealth Bank of Australia (CBA) has revised its long-term iron ore and coking coal forecasts amid the pandemic, lower Chinese commodity demand, and the war in Ukraine, according to media reports.. The CBA expects iron ore prices to fall to US$120/mt by the end of September and to US$100/mt by the end of the year. This fall reflects China's plan to …

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About 90% of the Chinese met coal consumption is dependent on domestic production, market sources said. As iron ore costs have dropped below 50% of the total hot …

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The most-traded iron ore contract on the Dalian Commodity Exchange, for September 2019, slipped as much as 3.1% to 712 yuan ($103.21) a tonne, the benchmark's lowest since May 22. Dalian coke slid as much as 4.1% to …

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Our comprehensive market analysis explores market trends for iron ore, metallurgical coal and metallurgical coke, through supply, demand, trade and price fundamentals. CRU's global team of experts, multi-commodity coverage and in-house economics team provide insights on the steel industry worldwide throughout the supply chain.

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The iron ore benchmark IODEX 62% Fe fell by $128/mt to $94/mt CFR China Sept. 20, down 58% since mid-July. Coking coal was now more expensive than iron ore from a …

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The most-traded January iron ore on China's Dalian Commodity Exchange was up 3% at 800.0 yuan ($114.63) a tonne, as of 0215 GMT, after rising 4.1% in early trade to hit its highest since June 16. On the Singapore Exchange, the benchmark December iron ore was up 2.1% at $108.85 a tonne. Beijing residents on Saturday cheered the removal of COVID ...

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For much of the year, thermal coal continued to be priced out of the generation stack by cheap gas wherever utilities could make the switch. Coking coal prices were down by an average of …

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About 90% of the Chinese met coal consumption is dependent on domestic production, market sources said. As iron ore costs have dropped below 50% of the total hot metal production cost, from a typical level of 60%, since July, coking coal is now the biggest input cost, a source at a Hebei-based steel mill said.

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The company electrochemically refines iron ore into pure iron at 60 degrees Celsius (140 degrees Fahrenheit) ... India's coking coal import traffic via ports up 13% in April …

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In the month, railway shipment of iron ore was 364,500 tonnes, slumping 41.42% from a year ago, and down 9.98% from September. Coal railings totaled 8.36 million tonnes during the first 10 months of 2022, up 8.46% year on year, and iron ore shipment was 3.34 million tonnes, down 50.96%. ... Coking coal inventories started to accumulate ...

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Although down sharply from its 2017 high struck in February iron ore has averaged $70.60 since the start of the year compared to $56.50 over the course of 2016. Steelmaking coal (premium hard-coking coal FOB Australia) was pegged at $243.90 a tonne up 1.4% compared to Friday, a near eight-month high.

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30 Nov 2022, 13:30 IST. Nippon Steel, world's fourth largest steelmaker, is seeking to buy more stakes in coking coal mines in an effort to ensure raw material security. The company already owns stakes in coking coal and iron ore mines and about 20% of its annual imports of 27 mnt of coking coal and 58 mnt of iron ore comes from their mines. 30 ...

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Dhar says iron ore will likely trend down from levels of ~US$137/t over the course of 2022 to US$100/t due to China's proposal to maintain steel production at a level below 2021 output. That may seem negative, representing a roughly 30% decline, but CBA's previous long-term forecast had iron ore falling to just US$70/t by the end of 2023.

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Coking coal is a complementary input to iron ore for steel production. Both goods are indispensable when making crude steel using the so-called "oxygen route", i.e., first producing the pig iron in a basic oxygen furnace and, second, using the pig iron in a blast furnace to create the final product, crude steel.

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The Commonwealth Bank of Australia (CBA) has revised its long-term iron ore and coking coal forecasts amid the pandemic, lower Chinese commodity demand, and the war in Ukraine, according to media reports. The CBA expects iron ore prices to fall to US$120/mt by the end of September and to US$100/mt by the end of the year.

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Latest on iron ore News Seaborne iron ore prices fall amid surge in Covid-19 cases in China Singapore Nov 28, 2022 @ 13:23 Seaborne high-grade iron ore prices rangebound …

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The weighted average purchase costs for China's coking coal and coke in January-October rose 38.08% and 7.54% year on year respectively, showed data from China Iron and Steel Association (CISA). The costs for domestic production iron ore fines, import iron ore fines and ferrous scrap declined by 26.47%, 26.43% and 2.33% during the same period.

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Coking coal values surge, as iron ore prices collapse | Hellenic Shipping News Worldwide This website uses cookies to ensure you get the best experience on our website. Weitere Informationen....

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Free India's coking coal imports from Australia to be exempted from duty under FTA 22 Nov Free Ukraine's Metinvest sees 65% fall in pig iron output in Jan-Sept 21 Nov Free India scraps …

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CHN Energy's coal production reaches 50-Mt level for 14 mths China Energy Investment Corporation (CHN Energy), the country's largest coal miner, had maintained a high …

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The divergence between seaborne met coal and iron ore prices has accelerated since late July, with premium hard coking coal gaining $189.5/mt, while medium-grade 62% Fe iron ore fines declining $91/mt basis CFR China, as of Sept. 14, according to Platts data. The graphic compares iron ore and coking coal prices.

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Fitch's medium- and long-term forecasts for the iron ore and coking coal markets remain unchanged. Iron ore prices in 2023 and 2024 are expected at $85/t and $75/t, …

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Major Brazilian iron ore miner Vale's plan for green briquette megahubs in the Middle East has sparked much curiosity and interest about how they will work, especially with miners looking to take a share of the decarbonization "pie" by ramping up their offerings of direct-charge materials in their attempts to eliminate sintering November 18, 2022 ·

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Iron ore prices hurtle to a seven-year high, coking coal prices lag on quotas in Commodity News 12/11/2020 For the key steelmaking ingredients of iron ore and coking coal, it was a tale of two ...

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