Record China Steel Production Supports Iron Ore despite Trade War
As the supply tightness in the seaborne iron ore market continues, there’s another factor supporting prices: Chinese steel demand.
Iron Ore Prices Could Be Supported after Vale’s Mine Restart
Even though a Brazilian court gave Vale authorization to restart the Brucutu mine, Vale hasn’t increased its guidance.
Will Chinese Steel Mills’ Pains Intensify with the Trade War?
Chinese steel producers have finally come under pressure after reaping significant benefits over the last three years.
Has Trade War Affected China’s Steel and Iron Ore Demand?
After dropping by 12% YoY in June, China’s iron ore imports rose 4.2% YoY to 89.96 million tons in July.
China’s Property Growth Is Cooling Off Again, Affecting Iron Ore
In this article, we’ll see what the latest data from China’s property market could mean for iron ore.
China’s Steel Output Defies US Pressure Yet Again in June
Despite pollution curbs, the daily steel output for Chinese steel mills set a record in June for the third month in a row.
Assessing the Impact of Iron Ore Shipments on Prices
The majority of seaborne iron ore is exported from Australia and Brazil (EWZ).
Iron Ore Exports Remained Strong in May: Impact on Prices
Australia and Brazil (EWZ) are the major seaborne iron ore exporters. It’s therefore very important to track the exports from these countries, as they offer a clue about the current supply situation.
Could US-China Trade War Fears Dictate Iron Ore Prices?
In this series, we’ll look at iron ore’s and miners’ recent price action, as well as other factors that may have impacted iron ore prices.
Iron Ore Supply Stays High: Could Prices See More Pressure?
As major seaborne iron ore exporters are in Australia and Brazil (EWZ), it’s imperative for iron ore investors to track iron ore exports from these countries.
Why Iron Ore Exports Aren’t Slowing Down Anytime Soon
The data for iron ore exports from Australia and Brazil (EWZ) serve as a key supply-side indicator.
Analysts’ Take on Iron Ore Prices in 2018
Macquarie upgraded its price forecasts for iron ore (PICK) and coal in January 2018. It revised its iron ore and steel prices on the back of improved ex-China demand and a rising cost curve.
Cleveland-Cliffs: China Iron Ore Demand Strong, Low Grades Suffer
China’s demand for seaborne iron ore dictates the commodity’s price because it consumes more than 70% of seaborne-traded iron ore (COMT).
What Record Iron Ore Shipments from Port Hedland Mean for Prices
The data for shipments for iron ore from two key destinations, Australia and Brazil (EWZ), are an important supply-side factor to watch out for.
Iron Ore Exports Remain Plentiful—How’s the Outlook for 2018?
The iron ore export data from Australia and Brazil’s (EWZ) is a key supply-side indicator.
How Miners View the Outlook for Iron Ore Prices
BHP’s Minerals Australia’s president, Mike Henry, stated that iron ore and coking coal (KOL) prices should sharply rebound before February 2018 as buyers replenish their stocks.
Outlook: Iron Ore Exports Remain Strong
Australia and Brazil’s (EWZ) exports of iron ore account for a major part of the overall seaborne iron ore trade globally.
Iron Ore Miners’ Take on the Commodity Price Outlook
BHP (BHP) has mentioned that China’s demand for high-quality iron ore (XME), as well as new demand from countries such as India, should support overall demand for iron ore.
Iron Ore Exports Grow Unabated
Iron ore shipments from the major Australian and Brazilian (EWZ) ports represent the lion’s share of the overall iron ore exports.
Does China’s Steel Production Outlook Bode Well for Iron Ore Prices?
China’s (FXI) (MCHI) steel production is setting one monthly record after another in 2017.
Could China’s Buoyant Steel Production Support Iron Ore Prices into 2018?
China set another record in July by producing ~74.0 million tons of steel—the 17th straight monthly year-over-year rise in steel production for China.
How Iron Ore Shipments Could Impact Iron Ore Prices
Exports from Brazil are gaining momentum as Vale’s (VALE) largest iron ore project, S11D, started in 2017.
Inside the Strong Iron Ore Shipments in January
In January 2017, 40.3 million tons of iron ore were exported from Port Hedland—an impressive rise of 19.0% YoY.
Will Vale Keep Iron Ore Shipments Strong in 2017?
Iron ore shipments from major ports in Australia and Brazil (EWZ) are key indicators for investors. They represent the supply side of the iron ore equation.
What Could the Supply Side Bring for Iron Ore Prices in 2017?
As most market participants are calling for an iron ore price correction in 2017, it’s important to consider how the supply side of things could shape up this year.
Why Are Iron Ore Shipments Set to Rise?
In November 2016, Port Hedland iron ore exports were 41.2 million tons. That was a rise of 10.0% year-over-year but a sequential fall of 1.0%.
How Are Iron Ore Shipments Impacting Prices?
Iron ore shipments Iron ore shipments from major ports in Australia and Brazil (EWZ) are key indicators for investors. They represent the supply side of the iron ore equation. In this part of the series, we’ll see how shipments are shaping up for October and how they’re expected to pan out going forward. Strong iron ore shipments In […]
Company & Industry Overviews
How Vale’s Iron Ore Segment Is Coping with Volatility
In 2Q16, Vale SA’s (VALE) ferrous division accounted for 90% of its adjusted EBITDA, which came in at $2.1 billion and was $398 million higher than 1Q16.
What Iron Ore Shipments Tell Us about Outlook for Iron Ore Prices
Iron ore shipments from major ports in Australia and Brazil (EWZ) are key indicators for investors, as they give the supply-side perspective of the iron ore equation.
Rio Tinto’s Recent Developments: What Do They Mean?
On June 7, 2016, Rio Tinto (RIO) announced a new cash tender offer to repurchase debt notes worth up to $3 billion. It’s the company’s second debt buyback offer in about two months.
Iron Ore Shipments Are Surging: Could This Mean Pricing Pressure?
Iron ore shipments from major ports in Australia and Brazil are key indicators, as they give the supply-side perspective of the iron ore equation.
Company & Industry Overviews
Why Is Rio Tinto Opting for a Debt Buyback?
On June 7, 2016, Rio Tinto (RIO) announced a new cash tender offer to repurchase debt notes worth up to $3 billion due in 2018, 2020, 2021, and 2022.
Company & Industry Overviews
Is It the Right Time for Miners to Shore Up Their Balance Sheets?
Higher commodity prices have provided an opportunity to miners with high debt to reduce their debt burden. April saw iron ore prices rise above $70 per ton compared to a low of $38 per ton in December 2015.
The Supply Side Doesn’t Have Good News for Iron Ore Prices in 2016
The biggest iron ore expansion project currently under progress is Vale’s S11D project, located in the Carajás mining district in the Para region of Brazil.
How Are Iron Ore Miners Placed on the Cost Curve?
As there is still more low-cost supply ready to come online, the biggest such project being Vale’s low-cost S11D, there is a risk of some big iron ore miner becoming a marginal producer going forward.
Production Growth from Major Iron Ore Miners Continues Unabated
When Vale’s S11D project comes online, it could be a further game changer in the iron ore market. Its cash costs per ton are pegged at close to $11 per ton.
The Current Market Sentiment for Cliffs Natural Resources
Market sentiment and expectations for Cliffs Natural Resources are varied. Of the 17 analysts covering Cliffs, eight recommend hold, one recommends buy, and eight recommend sell for the stock.
Company & Industry Overviews
Why Cliffs Natural Resources Stock Price Is under Pressure
Cliffs Natural Resources saw its stock fall to a fresh 52-week low of $3.86 on July 2. The 8.3% fall mainly stems from a target price cut by Deutsche Bank, from $5.50 to $5.00.
AK Steel Writes Off Magnetation, Takes $256 Million Charge
AK Steel writes off Magnetation AK Steel (AKS) sources one-third of its iron ore requirements from its joint venture, or JV, Magnetation. Construction of this plant began in the second quarter of 2013 and it started commercial production toward the end of 3Q 2014. Last year, AK Steel completed its share of capital contribution to this plant. Please note, […]
World Crude Steel Production Fell in March
World crude steel production is a key indicator for investors in iron ore companies.
Is Cheaper Australian Iron Ore Displacing Chinese Production?
Iron ore exports from Port Hedland totaled 36.6 million tons in March 2015, an increase of 2.2 million tons or 6.3% from March 2014 levels.
Iron Ore Exports: February Was a Busy Month for Port Hedland
Iron ore exports from Port Hedland indicate the amount of iron ore that’s leaving Australia for China and other destinations.
How depreciating local currencies are helping iron ore miners
This article takes a look at how depreciating local currencies are helping iron ore miners.
Cliffs’ APIO segment: Aggressive cost cutting continues
For 4Q14, the Asia Pacific Iron Ore, or APIO, segment’s volumes decreased 2% to 2.9 million tons—from 3 million tons in 4Q13—due to port maintenance timing.
Do depreciating local currencies help iron ore miners?
Iron ore prices have fallen drastically in US dollars, but the hit in terms of producing countries’ depreciating local currencies has been less pronounced.
What’s Vale’s cost position compared to other iron ore companies?
We’ll discuss how Vale’s cost position compares to other iron ore companies in Australia. Vale is a low-cost producer. Its cash costs are $22 per ton.
Freight and FX savings impact Vale and the iron ore industry
Lower freight costs will lower the CFR for seaborne iron ore producers. We’ll discuss the freight and FX savings’ implications for Vale and other companies.
An overview of Vale—the world’s largest iron ore company
Vale (VALE) is a Brazilian multinational diversified metals and mining company. It’s the world’s largest producer of iron ore and iron ore pellets.
Vale’s price performance compared to other iron ore players
Vale’s (VALE) share price was down ~44% in 2014. This mirrored the ~48% decline in iron ore prices. Vale’s decline in stock price continues into 2015.
Why iron ore exports from Port Hedland dropped to a 6-month low
China is the lifeline of iron ore producers, consuming two-thirds of the seaborne iron ore.