Exploration Last Year in Iran Identifies Additional 14 Million Tons of Baux… 2017-08-15

Aug. 14, 2017 - Due to exploration work carried out by the country’s state-owned alumina firm, Iran’s estimated overall reserves of bauxite increased by 14 million tons over the previous fiscal year. According to Iran Alumina Company’s manager Touraj Zare’, new deposits of bauxite composed of between 35% and 47% alumina and 4% and 27% silicon dioxide were disco…

MACC to prevent export of bauxite 2017-08-15

Aug. 14, 2017 - The Malaysian Anti-Corruption Commission (MACC) will be monitoring all ports in the country to prevent the export of bauxite. MACC deputy chief commissioner (operations) Datuk Azam Baki said the move was important as there are ongoing investigations into alleged corruption involving the state Land and Mines Office (PTG) and the Customs Department. E…

China will be banning the import products from North Korea 2017-08-15

Aug. 15, 2017 - China's Ministry of Commerce and General Administration of Customs made a statement in the No.40 Announcement (2017) that from August 15th 2017 China will be banning the import of coal, iron, iron ore, lead, lead ore, aquatic and seawater products from North Korea. From 00:00 on September 5th 2017 all customs formalities related will be stopped including the goods declare…

China imports of fused magnesia surged by 343.8% YoY in first half of the y… 2017-08-15

Aug. 15, 2017 - China imports of fused magnesia surged by 343.8% YoY in the first half of the year, and the total quantity reached 3157.707 tons. North Korea exported 1565.286 tons of FM to China , up by 135.9% YoY; The import quantity from Russia was 1545.316 tons, flat with the same period last year.  Country Quantity (ton)…

China imports of dead burned magnesia declined in first half of the year 2017-08-15

Aug. 15, 2017 - Compared to the first half of last year, China imports of dead burned magnesia fell by 2.5% to 15378.238 tons in the first of the year. Of which, China imports of DBM from North Korea was up to 13797.88 tons, fell by 0.3% YoY; imports from Japan have a slight increase, up by 0.7% to 1485.264 tons; imports from United State and Australia were down by 78…

World Magnesia producers (outside China) & Magnesite distribution 2017-08-14

Aug. 14, 2017 - According to statistics, the amount of magnesite mineral resource demonstrated worldwide is about 12.6 billion tons.Of which China, Russia and North Korea jointly account for more than 70% of the world's total amount; Slovakia, Australia, Brazil occupies 10%, 6% and 5% of total amount respectively; India 2%, Turkey 1% and other countries & regions …

CRU: Graphite Electrode Prices Have Risen Sharply due to Supply Tightness i… 2017-08-14

Aug. 11, 2017 - Graphite electrode prices have risen sharply recently, impacting both the steel and aluminium industries. CRU believe that the rise in prices are due to supply side factors, rather than being driven by changes to demand from the Chinese steel industry. If graphite electrode prices increase tenfold y/y, this could add up to $80 /t to the cost of EAF route steel p…

MACC to seize 10 million tonnes of bauxite 2017-08-14

Aug. 13, 2017 - The Malaysian Anti-Corruption Commission (MACC) will seize over 10 million tonnes of bauxite stockpile in Pahang to facilitate its investigations into illegal bauxite mining in the state. MACC deputy chief commissioner (operations) Datuk Azam Baki said the seizure was to prevent the bauxite being taken out of the stockpile area for business or other purposes. …

China steel industry reported a rare high growth 2017-08-11

(Steel plant) Aug. 11, 2017 - Under the background of supply-side structural reform, China’s steel industry successfully spent the difficult stage of overcapacity and underperformance, the industry seems to assume recovery. Steel listed companies reported a rare high growth situation for the first half of 2017.   Among 32 listed steel companies, only 4 com…

Zimbabwe: Indian Investor Snaps Up 70pc Zim-Alloys Stake 2017-08-11

Aug. 10, 2017 - An unnamed Indian investor will snap up a 70 percent stake in Zimbabwe's second largest ferro-chrome producer Zim-Alloys after judicial manager Reggie Saruchera sealed a deal for a $90 million investment. The Herald Business has gathered that a team from Grant Thornton is already in the United Kingdom to finalise intricate details of the deal. Mr Saruchera could not be…

US hits silicon metal imports from Australia, Brazil and Kazakhstan 2017-08-10

Aug. 9, 2017 - Today, U.S. Secretary of Commerce Wilbur Ross announced the affirmative preliminary determinations in the countervailing duty (CVD) investigations of silicon metal from Australia, Brazil, and Kazakhstan, preliminarily finding that silicon metal exporters from these markets received countervailable subsidies of 16.23 percent, 3.69 to 52.07 percent, and 120 pe…

India imposes anti-dumping duty on Chinese steel products 2017-08-10

Nirmala Sitharaman Aug. 10, 2017 - Commerce and Industry Minister Nirmala Sitharaman on Wednesday said anti-dumping duty is in force on 93 products imported from China   These products belong to a broad group of chemicals and petrochemicals, products of steel and other metals, fibres and yarn, machinery items, rubber or plastic products, electric and elec…

Graphite electrode shortage could impact steelmaking 2017-08-10

Aug. 9, 2017 - Graphite electrode prices continue to increase and some steelworks may have to rejig their production schedules because of the shortage, sources told S&P Global Platts Wednesday. Electric arc furnaces utilize graphite electrodes, which are also employed in ladle furnaces via the blast furnace/basic oxygen converter route. Rather than halting production, some mill…

Dongbei Special Steel restructuring plan gets creditor approval 2017-08-10

Aug. 10, 2017 - Creditors of Dongbei Special Steel Group Co Ltd have approved the restructure plan at a creditors' meeting held on Tuesday morning. After 1911 creditors on-site and online voting, the draft of restructure plan was approved at one time and will enter into the execution phase after approval by the court.   Under the terms of the agreement, creditors owed mo…

Puyang group, Beijing Lier involved in the establishment of China Magnesite… 2017-08-09

Aug. 9, 2017 - Recently, Puyang group issued an announcement that the company's wholly-owned subsidiary Haicheng City Linli Mining Co., Ltd. has signed an agreement with State-owned Assets Supervision and Administration Commission of Haicheng city on July 27, 2017 to jointly with other enterprises in Haicheng City set up China Magnesite mining Co., Ltd. At the same time, Beijing Lier…