AUSTRALIA’S IRON ORE EXPORTS SURGE IN MARCH 2024, REACH 76.3 MILLION TONS

australian-iron-ore-exports-surge-in-march-reach-76-3-million-tons

Ship composition data indicates that Australia’s shipments for exports of iron ore or pellets increased by 8% year over year to reach 76.3 million tonnes in March 2024. In February 2024, there was a 33% increase in the foreign supply of raw materials. Heavy rains in Australia impacted iron ore shipments, and major suppliers were […]

ZAMBIA’S COPPER PRODUCTION SET TO SURGE TO 1 MILLION TONS BY 2026

zambias-copper-production-set-to-surge-to-1-million-tons-by-2026

According to Finance Minister Situmbeko Musokotwane’s statement on Friday, Zambia’s copper production could increase to approximately one million tonnes by 2026 due to investments made in mine expansion, including those owned by First Quantum Minerals. Zambia is Africa’s second-largest producer of copper, but production has been steadily declining despite government plans to increase output to […]

INDIA IMPORTED SCRAP PRICES UP $10-15/TONNE IN TWO WEEKS

india-imported-scrap-prices-up-10-15-tonne-in-two-weeks

Imported scrap offers into India have increased by $10-15/tonne in the last two weeks, indicating a significant recovery after almost two months of decline. The cost of EU-origin HMS scrap is $380–385, cfr India, while the price of shredded scrap is $410–415/t. A few offers ranging from $420 to $425 per t CFR for shredded […]

Vedanta Aluminium Boosts Alumina Refining Capacity to 3.5 MTPA

vedanta-aluminium-boosts-alumina-refining-capacity-to-3-5-mtpa

Vedanta Group Aluminium announced on Wednesday that its Lanjigarh unit in Odisha now has an annual alumina refining capacity of 3.5 million tonnes. The company stated in a statement that its previous capacity for refining alumina was 2 MTPA. The Vedanta Group company stated. That in addition to raising aluminium output capacity to 3 MTPA […]

TURKEY STEEL INDUSTRY CALLS FOR EU-STYLE SUBSIDIES AND SUPPORT

Turkey-steel-industry-calls-for-eu-style-subsidies-and-support

The steel sector in Turkey is in desperate need of EU-style funding and assistance. The Aegean Steel Exporters Association (EIB) Chairman, Yalcin Ertan, made this declaration. Turkey’s steel exports fell to $14.8 billion in 2023 from $21.6 billion in 2022, according to Ertan. Higher energy, labour, and raw material costs, as well as import quotas, […]

EU COUNTRIES PROPOSE BAN ON FERROUS METAL WASTE AND SCRAP IMPORTS FROM RUSSIA

india-imported-scrap-prices-up-10-15-tonne-in-two-weeks

Lithuania, the Czech Republic, Latvia, and Estonia are the four EU countries that have suggested to Brussels that imports of copper, aluminium, and ferrous metal scrap and waste be prohibited from Russia. The Lithuanian Ministry of the Environment made this claim in a statement. The EU imported ferrous, copper, and aluminium scrap and waste from […]

EU STEEL AND IRON IMPORTS FROM RUSSIA DROP BY 38.9% IN JANUARY 2024

eu-steel-iron-imports-from-russia-drop-by-38-9-in-january-2024

The European Union (EU) cut its imports of steel and iron products from Russia in January 2024 to 239.89 thousand tonnes, a 38.9% decrease from January 2023. There was a 42.1% decrease in the figure from the previous month. The Eurostat data supports this. At €114.03 million, the cost of importing Russian steel and iron […]

CHILE’S PLAN FOR PRIVATE INVESTMENT IN LITHIUM SALT FLATS FACES INVESTOR CONCERNS

chiles-plan-for-private-investment-in-lithium-salt-flats-faces-investor-concerns

According to mining executives and analysts on Wednesday, the Chilean (chile) govt’s new plan to bring in private investment at several of the nation’s lithium salt flats may run into issues that investors will find concerning due to unresolved details. Industry participants expressed concerns about opposition from environmental activists and Indigenous communities, and they are […]

US STEEL IMPORTS DIP 3.2% IN FEBRUARY 2024, AISI REPORTS

us-steel-imports-dip-3-2-in-february-2024-aisi-reports

US steel producers decreased their imports of rolled and semi-finished steel products to 2.47 million tonnes in February 2024, a 3.2% decrease from January of this year. AISI says this. Rolling steel product import decreased to 1.74 million tonnes in February, a 9.2% decrease from January. With 236.61 thousand tonnes (+10.6% m/m) of imports, galvanised […]