Iron Ore news

The Association of American Railroads has reported on US rail traffic for the week ending 17 February 2024.

Maputo Port Development Co. has announced its annual results, highlighting significant growth and consolidating its position as one of the region's main economic drivers.

Iron ore futures prices slipped, as traders took a cautious stance after rising stocks and weak steel margins counteracted with hopes that demand would pick up in China following a week-long Lunar New Year holiday break.

Bedeschi has been awarded the complete EPC contract from Voestalpine, an international steel maker, for a complex upgrade of their recently built Direct Reduced Iron (DRI) production plant at Corpus-Christi/Portland, Texas, US.

NYK has held a naming ceremony for Japans first LNG-fuelled capsize carrier which will transport iron ore and coal from Australia to Japan.

Iron ore has benefitted from a strong start to 2024 thanks in part to rising prices and robust imports by Chinese buyers.

Pilbara Ports has reported that in December 2023 there was an overall increase in total monthly throughput when compared to December 2022.

The Association of American Railroads (AAR) reported US rail traffic for the week ending 30 December 2023, as well as volumes for December 2023.

Future Market Insights have forecast the demand for iron ore pellets to increase from US$66 503.9 million in 2023 to US$141 988.8 million in 2033.

Vale, in partnership with Oldendorff Carriers, has commenced its first biofuel voyage with the Hinrich Oldendorff fuelled by residual cooking oil and fuel oil.