Vale ‘confident’ on 2021 iron ore guidance, though recovery still a ‘marathon’: executives

Executives at Brazilian iron ore miner Vale said July 29 they were “confident” the company will reach its 2021 iron ore production guidance as it will be aided in H2 by seasonal factors and mine capacity advances. Still, the company is currently operating at the lower range of the 315 million...

https://www.hellenicshippingnews.com/vale-confident-on-2021-iron-ore-guidance-though-recovery-still-a-marathon-executives/

Removal of Chinese export tax rebates seen to uplift steel import prices to Europe, Mideast

Steel import prices in the Europe, Middle East and Africa region could see an uplift following removal of value added tax rebates on Chinese exports of cold-rolled and coated steel from Aug. 1, market participants told S&P Global Platts July 29. As Chinese export volumes are expected to be limited...

https://www.hellenicshippingnews.com/removal-of-chinese-export-tax-rebates-seen-to-uplift-steel-import-prices-to-europe-mideast/

China’s coal-fired power companies struggle amid high prices, Australia ban

China’s coal-fired power generators have seen profits evaporate amid surging domestic prices, with imports unable to provide much relief amid an ongoing unofficial ban on buying cargoes from major exporter Australia. Out of 10 listed coal-fired power companies, four reported losses and five others saw first-half profits plunge, according to a report on Chinese energy …

The post China’s coal-fired power companies struggle amid high prices, Australia ban first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/chinas-coal-fired-power-companies-struggle-amid-high-prices-australia-ban/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.