Steam coal prices remain stable despite many cargo offers

Wednesday, 15 Feb 2012

Reuters reported that heavy selling of prompt DES ARA cargoes continued on Tuesday by utilities and traders but there were more buyers in evidence than at the start of the week and prices were barely changed.

TRADES

A February delivery DES ARA cargo traded at USD 96.00 a tonne, barely changed.

A March delivery DES ARA cargo traded at USD 97.00, little changed from Monday.

A March loading South African cargo traded at USD 104.75, down 25 cents.

An April loading South African cargo traded at USD 103.20, unchanged.

A rise in temperatures after a spell of freezing weather has trimmed gas and power demand and prices but had little effect on coal, principally because coal prices showed a minimal reaction to the freeze.

The current oversupply as cargoes bought previously or under term contracts arrive in Europe will last only as long as China remains out of the spot market, utilities, traders and producers said. In the interim, prices will come under further pressure.

(Sourced from Reuters)

ArcelorMittal Kriviy Rih stabilizes steel output in February

Thursday, 10 March 2011 16:55:49 (GMT+2)

ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world's largest integrated metals and mining company ArcelorMittal, has announced that in February this year it managed to halt the decline seen in its production in January caused by the stoppage of two sintering units for repair, as it completed the major overhaul of one of the units.

"According to the results of February, we were able to stabilize production and reach the same indicators as a year ago. We are going to complete the repair of the second sintering unit in March, and then we expect a gradual production increase in the coming months," ArcelorMittal Kriviy Rih's acting COO Aleksandr Ioskov said.

Product	February			January-February
	2011 (mt)	2010 (mt)	y-o-y change (%)	2011(mt)	2010(mt)	y-o-y change (%)
Pig iron	377,900	375,000	+0.8	767,800	840,200	-8.6
Crude steel	443,100	416,500	+6.4	890,400	948,500	-6.1
Rolled steel products	374,700	378,200	-0.9	796,900	833,200	-4.3

Magang Group reports strong color coated plate sales to Europe

Friday, 25 Feb 2011

It is reported that Anhui Province based Chinese steelmaker Magang Group has stated that in early February received an order for 3,425 tonnes of color coated plate from Europe while in mid February it received another order for 2,000 tonnes of color coated plate also from Europe.

Magang Group reports strong sales of color coated plate after China Spring Festival holiday.

After Poland became Magang Group first European customer for color coated plate in 2010, bookings for color coated plate have been received from Sweden, Belgium and other European countries.

(sourced:steel orbis)