• Iron ore shipments fall 9 percent as steel mills struggle

    Iron ore shipments on the Great Lakes totaled 6.6 million tons in July, a year-over-year decline of 9 percent. And shipments of the key steelmaking ingredient from U.S. ports fared even worse, declining by 14 percent compared to July 2014. About 1.5 tons of iron ore must be burned in a blast fur ...

    China steel exporters cut prices in bid to jump on yuan drop

    Chinese steel producers have already cut export prices in response to a lower yuan, industry sources said, providing some of the first evidence of how Beijing’s devaluation will help companies in the world’s second-biggest economy boost sales. China’s steel industry is the world’s biggest, but s ...

    Indonesia’s coal export drops by 18 pct in first 7 months

    Exports of coal from Indonesia from January to July witnessed a steep decline by 18 percent to 186.8 million tons from a year earlier as weakening global economy has sapped demand, official said here on Tuesday. “The export of coal scale down significantly by 18 percent (at first seven months) c ...

    China’s yuan devaluation expected to have little impact on iron ore

    The devaluation of the yuan is unlikely to affect demand for seaborne iron ore in China as most high-cost domestic mines are already shut, Macquarie said Wednesday. The move may prompt some higher-cost mines to produce for longer, but the industry has already largely consolidated, analysts said. ...

    Seaborne nickel ore trade still a deadly ‘game of Russian roulette’

    “Carrying solid bulk cargoes involves serious risks, which must be managed carefully to safeguard the crew and the ship. These risks include reduced ship stability (and even capsizing) due to cargo liquefaction; fire or explosion due to chemical hazards; and damage to ship structures due to poor ...

    Iron ore prices may have hit their lows for 2015: Investec

    Iron ore price falls earlier this year may mark the lows for 2015 as supportive factors aid the market going forward until 2016, Investec bank said Monday. “Iron ore [prices] have proved remarkably resilient in recent months, despite a wall of supply that is coming on stream,” Investec said in a ...

    Vietnam’s Vinacomin to produce less coal in Aug following heavy rains

    Vietnam National Coal-Mineral Industries Holding Corporation Ltd, or Vinacomin, expects to produce 2.2 million mt of coal in August, down 15.4% year on year and month on month, the company said Monday. The lower production is attributed to the extreme bad weather in Quang Ninh province recently. ...

    India to impose import duty of 10 percent on wheat

    India will impose an import duty of 10 percent on wheat until March 31 next year, Finance Minister Arun Jaitley said on Friday, reinstating tariffs after a gap of eight years following big overseas purchases in recent months. Reuters reported last week that a decision had been taken after offici ...

    Asia Dry Bulk-Capesize rates to steady after climbing to 8-mth high

    Freight rates for capesize bulk carriers could hold around current levels after reaching their highest in more than eight months this week following a surge of fixtures by Australian miners, ship brokers said. Rates from Australia to China were around $7.50 per tonne on Thursday, while a voyage ...

    China-Sensitive Commodities

    As one of the largest economies in the world, China’s success or failure impacts the entire global economic infrastructure. After more than a decade of outstanding double digit GDP growth figures, China has finally begun the long wind-down from those unsustainable highs to settle into a more sta ...

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