APAC Resources see iron ore buyers in Asia

Tuesday, 25 Oct 2011

APAC Resources is looking for iron ore buyers in Asia to counter the effects of an economic slowdown in the mainland.

The SAR based firm is mainly involved in natural resources investment and iron ore exports to China, where its customers are steel plants in Shanxi, Shandong, Jiangxi and Jiangsu provinces.

Chief executive officer Mr Andrew Ferguson said prices of commodities are not immune from the financial crisis. But Mr Ferguson said such prices are high compared with a falling equity market.

Mr Ferguson said "We would not cut the price like other iron ore giants last week, adding buyers which are second-tier steel factories, rely on our high quality products. He expects iron ore prices to hover around USD 150 per tonne to USD 160 per tonne for the remainder of the year. The spot price of iron ore slumped to a 12-month low of USD 153.40 per tonne on October 17.”

APAC Resources also said annual production capacity at Mount Gibson, one of the largest listed iron ore producers in Australia will rise to 10 million tonnes from the present seven million tonnes as a new mine, Extension Hill and starts production in the fourth quarter.

sourced TheStandard

China province wise pig iron output in Jan to Jul 2011

Monday, 29 Aug 2011

It is reported that China province wise pig iron output during January to July 2011 total 379.33 million tonnes which Hebei topping the table.

Province	Jul'11	Jul'10	Change	Jan-Jul'11	Jan-Jul'10	Change
Total	55.06	46.94	17.3	379.33	346.16	9.6
Hebei	14.11	11.22	25.7	101.29	88.03	15.1
Shandong	4.96	3.57	38.9	33.57	30.16	11.3
Liaoning	4.85	4.62	5.0	31.90	31.51	1.2
Jiangsu	4.46	4.02	11.0	31.53	29.75	6.0
Shanxi	3.65	2.80	30.2	22.29	20.05	11.1
Hubei	2.14	1.86	15.3	14.28	12.79	11.6
Henan	1.83	1.37	33.4	13.14	11.46	14.7
Tianjin	1.82	1.56	16.8	12.53	11.60	8.0
Jiangxi	1.61	1.47	9.7	11.37	10.48	8.5
Shanghai	1.64	1.59	3.1	11.32	11.02	2.7
Hunan	1.54	1.44	6.7	10.99	9.76	12.6
Anhui	1.53	1.53	-0.1	10.34	10.16	1.8
Sichuan	1.50	1.21	23.4	9.97	9.02	10.5
Inner Mongolia	1.25	1.14	9.3	8.27	7.63	8.5
Yunnan	1.10	1.13	-2.8	7.58	7.49	1.2
Zhejiang	0.78	0.76	3.3	5.92	5.74	3.1
Guangxi	0.82	0.87	-5.4	5.74	5.63	1.8
Xinjiang	0.88	0.81	7.8	5.66	5.01	13.0
Guangdong	0.71	0.63	12.5	4.97	4.88	2.0
Jilin	0.73	0.51	43.6	4.88	4.06	20.1
Sha'anxi	0.60	0.36	68.5	4.50	2.84	58.6
Gansu	0.71	0.53	34.5	4.35	3.58	21.3
Chongqing	0.48	0.33	46.0	3.38	2.17	55.7
Heilongjiang	0.47	0.48	-0.6	3.34	3.26	2.4
Fujian	0.39	0.38	3.4	2.59	2.62	-1.3
Guizhou	0.32	0.29	10.3	2.41	2.12	13.4
Qinghai	0.10	0.08	23.1	0.67	0.65	3.2
Ningxia	0.08	0.02	453.3	0.57	0.21	177.7
Beijing	0.00	0.37	-100.0	0.00	2.49	-100.0

In million tonnes

(sourced from Mysteel.net)

China province wise narrow CR strip output in 2010

Saturday, 05 Feb 2011

It is reported that China province wise narrow CR strip output during January to December 2010 total 8.25 million tonnes which Jiangsu topping the table.

Province	Dec'10	Dec'09	Change	Jan-Dec'10	Jan-Dec'09	Change
Total	0.79	0.69	13.7	8.25	6.57	25.5
Jiangsu	0.15	0.12	30.5	1.51	1.12	35.4
Hebei	0.10	0.11	-10.4	1.29	0.89	44.8
Henan	0.11	0.10	9.8	1.19	0.99	20.3
Zhejiang	0.10	0.10	-2.9	1.09	0.91	19.7
Guangdong	0.10	0.05	94.3	0.77	0.57	34.9
Tianjin	0.06	0.03	107.4	0.43	0.27	59.4
Fujian	0.02	0.02	15.0	0.29	0.27	8.9
Shandong	0.02	0.03	-38.2	0.29	0.31	-5.8
Shanghai	0.03	0.03	0.0	0.28	0.22	25.9
Jiangxi	0.02	0.03	-35.3	0.26	0.21	21.6
Sichuan	0.02	0.01	50.0	0.21	0.15	39.5
Anhui	0.02	0.02	17.6	0.20	0.19	5.2
Jilin	0.01	0.01	-27.3	0.10	0.08	23.8
Hubei	0.01	0.01	28.6	0.10	0.08	26.9
Chongqing	0.01	0.01	-36.4	0.09	0.10	-5.2
Heilongjiang	0.01	0.00	100.0	0.06	0.05	25.5
Hunan	0.00	0.00	-33.3	0.03	0.11	-75.2
Liaoning	0.00	0.00	0.0	0.02	0.01	46.2
Inner Mongolia	0.00	0.00	0.0	0.02	0.03	-55.9

In million tonnes



(sourced:mysteel.net)

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Scrap buying prices in east China Move closer to $530

Tuesday, January 13, 2011

Major east China steelmakers raised domestic scrap buying prices by as much as RMB 250/tonne ($38/t) on 9 January to encourage dealers to sell. Sunday’s hike lifted buying prices for heavy melting scrap to a recent record high of around RMB 3,500/t ($528/t).

In east China’s Jiangsu province, market leader Shagang raised its purchase prices by a large RMB 250/t ($38/t) Sunday to take its buying price for heavy melting scrap (>6mm) to RMB 3,500/t ($528/t) on a delivered to mill basis with 17% VAT. On the same day, Xingcheng Special Steel lifted its buying price for the same grade to RMB 3,510/t ($529/t) with VAT from RMB 3,340/t ($504/t) previously.

Meanwhile, Suzhou Steel Group (Sugang) raised its scrap buying prices by RMB 50/t ($8/t) on 9 January as well, to take its current buying price for heavy melting scrap (>6mm) to RMB 3,500/t ($528/t). Thus, from 4-9 January the specialty steelmaker had raised its scrap prices three times for an accumulated increase of RMB 250/t ($38/t).

“Mills are raising their buying prices step-by-step since traders are looking forward to higher prices and because transactions are few. It is possible that mills will have to raise their prices further this week.

Source: scrapmetalsandplastics.com