Global crude stainless steel production is predicted to reach an annual total of 47.2 million tonnes, in 2020. Following four consecutive years of growth, this would represent a decrease of almost 10 percent, compared with the year earlier figure. The slowdown is predominantly due to the Covid-19...
https://www.hellenicshippingnews.com/global-stainless-steel-production-set-for-4-year-low/
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...
The Brazilian wheat crop has the potential to surpass 7 million tonnes this year and reach a record, provided the weather remains favorable throughout the cycle that has just begun, according to analysts interviewed by Reuters. An expected rise in investment from Brazilian farmers who had a...
Switzerland-based Glencore expects a stellar performance from its oil trading arm to help the division hit the top end of its full-year target for operating income, it said on Friday. Glencore’s large marketing division makes the group more resilient than most mining companies during commodity...
https://www.hellenicshippingnews.com/oil-trading-boosts-glencores-2020-expectations/
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...
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...
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...
Iron ore and steel futures in China closed higher on Thursday as Beijing aimed to complete local government special bonds issue by end-October, which is seen as a stimulus for infrastructure projects. China has set the annual local government special bonds issue quota at 3.75 trillion yuan ($535.33...
https://www.hellenicshippingnews.com/china-iron-ore-steel-futures-rise-on-government-stimulus-hopes/
Rusal said July 28 it expects the green aluminum asset class — requiring CO2 emissions to be limited to a maximum of 4-7 metric tons per ton of metal produced — to take off next year and its supply to grow in excess of 10 million mt/year. Rusal expects its green carbon aluminum sales to …
https://www.hellenicshippingnews.com/green-aluminum-market-to-take-off-in-2021-rusal/
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...