Vale achieved an iron ore production volume of 82 million tons (mt) in Q1 of 2018, mainly due to the company’s decision to progressively reduce lower grade ore production from the southern and south eastern systems, which resulted in a 4.9 percent reduction when compared to Q1 of 2017.
Additionally, a more intense rainy season in Q1 of 2018 also contributed to this impact. Compared to Q4 of 2017, production was 12.2 percent lower due to this amplified weather-related seasonality in Brazil.
Nevertheless, sales volumes of iron ore and pellets stood at 84.3 mt in Q1 of 2018, 6.4 mt higher than in Q1 of 17, achieving a record for a first quarter, as a result of the flexibility and active management of its supply chain, optimising price realisation and margins, thus resulting in a higher sales or production ratio. In the coming quarters, the sales or production ratio will reflect the ongoing offshore blending activities, completing the build-up of offshore stocks.
Anglo American’s Kumba iron ore output up 4% in Q1
Anglo American reported an increase in its Kumba iron ore production by 4 percent to 10.9 mt, driven by improved productivity at Kolomela.
Denne historien er fra May 2018-utgaven av Steel Insights.
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Denne historien er fra May 2018-utgaven av Steel Insights.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
