MMi Daily Iron Ore Report (May 28)

Published: May 28, 2024 18:06 (GMT+8)

Save

DCE iron ore futures market falling sharply trends, the main contract closed 882.5. an decrease of 2.11% throughout the day; Part of the business quotation shipping mentality turn weak;

》Click to download the PDF and view the whole report

SMM price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 mins ago

[SMM Steel] Vietnam Import HRC Prices Stable as Buyers Remain Cautious

[Vietnam] Vietnam’s import HRC market remained stable, with HRC assessed at USD 535/tonne CFR Vietnam. Two Indonesian mills maintained offers for SAE-grade coils at around USD 540/tonne CFR Vietnam, while Vietnamese buyers remained largely absent from the market. Market participants said buyers were generally unwilling to place orders above USD 535/tonne CFR, leaving trading activity subdued.

5 mins ago

20 mins ago

[Neelachal Ispat Proposes Raising Odisha Iron Ore Mine Capacity to 15 Mtpa]

Neelachal Ispat Nigam Limited (NINL) has proposed expanding production at its iron ore mine in Odisha from 2 million tonnes per annum (Mtpa) to 15 Mtpa of run-of-mine ore and installing a 10 Mtpa iron ore beneficiation plant. The project covers a mining lease area of 874.29 hectares across Keonjhar and Sundargarh districts. The proposal has entered the environmental-appraisal process as a fresh Terms of Reference application. NINL, now part of Tata Steel, currently holds environmental clearance for 2 Mtpa of iron ore production from the mine.

20 mins ago

21 mins ago

[Orissa Steel & Power Proposes Expansion of West Bengal Steel Plant to 8 Mtpa]

India's Orissa Steel & Power Private Limited has proposed expanding its integrated steel plant at Jamuria in West Bengal's Paschim Burdwan district from 1 million tonnes per annum (Mtpa) to 8 Mtpa. The proposal also envisages increasing the project's coal-based captive power capacity from 200 MW to 1,119 MW. The project, located at Mouza Hijalgarh and Shekhpur, is currently at the planning and environmental-clearance stage. The proposed investment has been estimated at around INR 103.36 billion ($1.17 billion). No commissioning schedule has been confirmed.

21 mins ago