Vale ‘sticking to’ 400 million mt/year 2022 iron ore run-rate; ‘flexible’ on further expansion

Vale is “sticking to” plans to produce at a run-rate of 400 million mt/year iron ore in 2022, should the market need this, and will exercise its “value over volume” mantra in further planned mine expansions, company executives said July 30. The planned 2022 run-rate will compare to the company’s...

https://www.hellenicshippingnews.com/vale-sticking-to-400-million-mt-year-2022-iron-ore-run-rate-flexible-on-further-expansion/

Metals prices set for ‘super-cycle’ says Adriatic CEO: analysts see “bullish signs”

Metals are set for a new super-cycle, with prices to rise for the next four to five years on government post-pandemic stimulus, and silver set to be the star performer, Paul Cronin, CEO of base and precious metals mine developer Adriatic Metals told S&P Global Platts July 29. Analysts consulted...

https://www.hellenicshippingnews.com/metals-prices-set-for-super-cycle-says-adriatic-ceo-analysts-see-bullish-signs/

ArcelorMittal remains cautious but sees signs of recovery after low Q2 shipments

World’s largest steel producer ArcelorMittal remains cautious in its outlook, although it said core markets are showing signs of recovery from exceptionally low levels with the company considering “structural changes” in light of the disruptions caused by the coronavirus pandemic. “The first six...

https://www.hellenicshippingnews.com/arcelormittal-remains-cautious-but-sees-signs-of-recovery-after-low-q2-shipments/

Brazil’s Vale eyes mine expansions, Samarco restart amid robust Chinese demand

Brazilian iron ore miner Vale SA is sending a proposal this month to the board for further expansion at its Northern System mining complex, and the company expects to restart operations at its Samarco complex in December, executives said on Thursday. Speaking to analysts following the company’s...

https://www.hellenicshippingnews.com/brazils-vale-eyes-mine-expansions-samarco-restart-amid-robust-chinese-demand/

Indian steel consumption to decline due to COVID-19 disruption: Report

Steel consumption is expected to decline at least 10 per cent for rated Indian steel-makers in the 12 months to March 2021, due to the adverse effect of coronavirus pandemic on the economy, says a report. According to Moody’s Investors Service, in India, new capacity additions will take a back seat...

https://www.hellenicshippingnews.com/indian-steel-consumption-to-decline-due-to-covid-19-disruption-report/