Steel inventories rise as coronavirus spike sees China’s Hebei grind to a halt

Steel mills in northern China’s Hebei province are having to find more space for inventories as transportation restrictions imposed to prevent the spread of a resurgent coronavirus prevent them from sending out products to clients. Hebei, which accounts for a quarter of China’s steel capacity, has...

https://www.hellenicshippingnews.com/steel-inventories-rise-as-coronavirus-spike-sees-chinas-hebei-grind-to-a-halt/

Boost to production and pvt investment as mining reforms get green signal

The Union Cabinet is learnt to have approved a reform package for the mineral mining sector which would entail amendments to three existing laws, pricing formula for minerals, exploration of mines and several taxes and duties levied on mining. Officials said this is expected to boost production and...

https://www.hellenicshippingnews.com/boost-to-production-and-pvt-investment-as-mining-reforms-get-green-signal/

Conab cuts Brazil 2020-21 corn output estimate marginally to 102.3 million mt

Brazil’s corn production forecast for 2020-21 has been cut to 102.313 million mt from 102.589 million mt projected in December, Brazil’s national agricultural agency Companhia Nacional de Abastecimento (Conab), said in its latest forecast Jan. 13. “The (downward) revision (of production) is due to the possible reductions in yield of the first corn harvest estimated …

The post Conab cuts Brazil 2020-21 corn output estimate marginally to 102.3 million mt first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/conab-cuts-brazil-2020-21-corn-output-estimate-marginally-to-102-3-million-mt/

German steel prices to increase, production ramp ups expected: Platts Jan survey

Pricing sentiment remained bullish in the German steel market for January, data from the monthly steel sentiment survey by S&P Global Platts showed, with all participants expecting increases in both steel and raw material costs, and most respondents optimistic about capacity ramp-ups in the near-term. Production levels are expected to increase, sources said, as more …

The post German steel prices to increase, production ramp ups expected: Platts Jan survey first appeared on Hellenic Shipping...

https://www.hellenicshippingnews.com/german-steel-prices-to-increase-production-ramp-ups-expected-platts-jan-survey/

Don’t expect iron ore price to rise much from here, says NMDC

Iron ore prices are more or less plateaued and there isn’t much scope for further increase, said Sumit Deb, CMD of NMDC. Deb’s comments are coming days after the Union roads and highways minister Nitin Gadkari talked about the potential steel price hike. “We do believe that prices have more or less...

https://www.hellenicshippingnews.com/dont-expect-iron-ore-price-to-rise-much-from-here-says-nmdc/

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