Blogs
The good news, and the bad: Shapiro
Happy New Year We will continue to face a lot of problems in 2022. Even with over 70pc of the US now vaccinated, COVID-19 deaths shockingly have doubled this year to over 800,000, and the reported Omicron cases are over 600,000 per day. Unfortunately, COVID-19 variants look lik
Vale loses 1.5mn mt ore production to rain
Vale estimates a production loss of 1.5mn mt in iron ore production and third-party purchases due to heavy rains that hit the Minas Gerais region a week ago. Still, the company has maintained its iron ore production guidance of 320-335mn mt for 2022. The Brazilian miner has partially re
US: West Coast export yard Fe prices vary
US West Coast export yard ferrous scrap prices varied by region on Tuesday as collection prices at docks adjusted to regional dynamics. The Davis Index for US-origin HMS 1&2 (80:20) is trending flat and was up $0.50/mt to $427.50/mt cfr against last week’s $427/mt cfr Turkey. &nbs
Formosa Steel hikes HRC prices by $145/mt
Vietnam’s Formosa Ha Tinh Steel Corporation (FHS) hiked HRC prices for May and early June shipments following a rise in global steel prices which have spiked to a decade’s high. On April 12, the steelmaker raised HRC prices by $145/mt to equivalent levels of $910/mt for shipments schedul
India’s auto production jumps 67pc in March
Total auto production in India in March was reported at 2.36mn units, up 67pc from the prior year month, according to data released by Society of Indian Automobile Manufacturers (Siam). Passenger vehicles segment witnessed a sharp jump in production of 74pc to 334,349 units in March from the
Iran’s iron ore concentrate output up 5pc
Iran’s iron ore concentrate production in the Iranian year 1399 (Mar 21, 2020-Mar 20, 2021) stood at 49.7mn mt, up by 5pc as compared to the preceding year, according to local media reports citing data released by the Industries Ministry. Of the total iron ore concentrate output during the yea
Central Asia Metals’ output dips in Q1
UK-headquartered Central Asia Metals’ copper, lead and zinc output was lower in Q1 FY2021 compared to the prior year with the drop in copper production being more severe than others metals, according to a company release on April 13. Central Asia Metals’ copper production in Q1 dropped to
Supporting shredder parts exclusion from tariffs: ISRI
The Institute of Scrap Recycling Industries (ISRI) has supported the exclusion of shredder wear parts from section 301 tariffs in its recently submitted comments to the Office of the U.S. Trade Representative (USTR). ISRI has explained why the exclusion on shredder wear parts should be reinst
