Vale has raised its iron ore production forecast for 2024

The miner raised its production forecast despite iron ore trading at near two-year lows as a slowdown in China's steel production affects the global market. In 2024, futures for these raw materials fell by a third, and at the beginning of this week, prices fell below $90/t for the first time since 2022.

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Vietnam's Hoa Phat buys Australian iron ore mine | SEAISI

Vietnam's Hoa Phat buys Australian iron ore mine. ... Iron ore prices are also at close to record-high levels, prompting several more marginal projects back into production. Argus assessed the ICX iron ore price yesterday at $209.30/dmt cfr Qingdao on a 62pc Fe basis, up from $188.55/dmt on 27 May, but down from a high of …

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Vietnam Steel Association

According to WSA, Vietnam's crude steel production reached nearly 20 million tons, ranked No. 1 in Southeast Asia and 13th in the world in 2022; Unit: million tons. TT. Country. ... …

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Iron Ore Prices Fall Below $100/ton as Steel Industry …

Among signs of abundant supply, iron ore stockpiles at Chinese ports have surged this year, increasing by around 10 million tons compared to the peak level set in 2018. The China Mineral Resources Group, a state-owned company established to manage raw material imports, stated that this increase is due to speculative buying, which has …

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Iron Ore Import Data of Vietnam | Iron Ore Importers in Vietnam

Few Sample Shipment Records of Iron Ore imports in vietnam are given above. For more details of vietnam customs data of Iron Ore or any other product kindly contact [email protected] or Call +91-11-47048012. Origin Country. Laos (86) China (65) Australia (25) Russian Federation (16) Brazil (10)

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Vietnam | Imports and Exports | World | Iron ores, …

The value of imports of commodity group 2601 "Iron ores and concentrates, including roasted iron pyrites" to Vietnam totalled $ 1.94 billion in 2022.Sales of commodity group 2601 to Vietnam decreased by 40% in value terms compared to 2021. imports of commodity group 2601 "Iron ores and concentrates, including roasted iron …

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Vietnam Steel Association

According to WSA, Vietnam's crude steel production reached nearly 20 million tons, ranked No. 1 in Southeast Asia and 13th in the world in 2022; Unit: million tons. TT. Country. ... - Make use of low quality ore. Decarbonizationtrend in iron and steel sector: Kết quả dịch: Kết quả bản dịch. PHASE-BY-STAGE APPROACH. 14. 3. Period ...

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Vietnam's Hoa Phat Buys Australian Iron Ore Mine

Hoa Phat is also looking to acquire Australian coking coal mines to become self-sufficient in the key steel feedstock. While Australian iron ore mines and projects are currently trading at a premium because of the current high price environment, there are several coking coal mines up for sale following weaker coking coal prices because of …

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Iron Ore in Vietnam

The fastest growing export markets for Iron Ore of Vietnam between 2021 and 2022 were United States ($5.18k), Japan ($3.21k), and France ($2.39k). Imports In 2022, Vietnam imported $1.92B in Iron Ore, becoming the 9th largest importer of Iron Ore in the world. …

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2019 Minerals Yearbook

barrels (mbbl)]; and iron and steel, by 7.4% to $4.21 billion (6.68 mt). vietnam's main export partners in 2019 for goods overall were the United States, which received 23.2% of …

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Iron ore surges after China stimulus

Iron ore surges after China's stimulus move. Steel prices in the North. According to SteelOnline.vn, steel brand Hoa Phat, with CB240 coil steel at 13.480 VND/kg; D10 CB300 ribbed steel bar priced at 13.580 VND/kg.. Viet Y steel brand, CB240 steel coil line at 13.430 VND/kg; D10 CB300 rebar steel is priced at 13.400 VND/kg.

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NMDC Invests in Iron Ore Infrastructure for Production …

India's National Mineral Development Corporation (NMDC) Limited has announced plans to invest approximately $262 million (INR 22 billion) in the fiscal year 2024-25 to construct essential infrastructure for doubling its iron ore production to 100 million metric tons per year by 2030.

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Rio Tinto sells first iron ore cargo to Vietnam's Dung Quat …

Singapore — Australian miner Rio Tinto's first cargo of iron ore sold to Vietnam's Hoa Phat Dung Quat Steel Joint Stock Company in June was expected to load in the second half of September, a Dung Quat Steel source said Wednesday.

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Vietnam Imports of Iron and steel

Vietnam Imports of Iron and steel was US$14.33 Billion during 2022, according to the United Nations COMTRADE database on international trade. Vietnam Imports of Iron and steel - data, historical chart and statistics - was last updated on October of 2024.

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Vietnam: iron ore imports 2019 | Statista

In Vietnam, iron ore imports amounted to approximately ten million metric tons in 2019. This was a significant increase from 2010, in which Vietnam imported approximately 70 thousand metric tons ...

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Mysteel Iron Ore on LinkedIn: Quick Takeaway: Vietnam's …

Quick Takeaway: Vietnam's anti-dumping measures are expected to significantly impact China's HRC exports On July 29, 2024, Vietnam's Ministry of Industry and Trade announced the official launch of ...

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Vietnam Iron Ore Market (2024-2030) | Trends, Outlook

The Vietnam Iron Ore Market has been witnessing growth due to the country`s increasing demand for steel production and infrastructure development. As Vietnam construction and manufacturing sectors expand, the demand for iron ore, a key raw material for steel production, has surged.

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Iron ore prices fall due to slow demand recovery

May iron ore futures on China's DCE Exchange closed 5% lower at 0,11 yuan/ton ($890/ton), after hitting an intraday low of 123,63 .860,5 yuan/ton. However, benchmark SZZFJ4 iron ore price for April delivery on the Singapore Exchange (SGX) was 4% higher at 2,08 USD/ton, partly due to the USD falling amid lower treasury interest rates.

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Vietnam's Thachkhe Iron Ore Company to restructure its

Nguyễn Tấn Dũng,the premier of Vietnam, demanded Vietnam's Thachkhe Iron Ore Company (TIC) to restructure its joint venture partners lacking fund to start iron ore production project 400 kilometers away from the south of Ha Noi. It is learned that construction company SongDa, Tele-Communications Company VNPT, shipbuilding …

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ASEAN Iron ore & Scrap Scenario

Malaysia, Vietnam and Indonesia are major iron ore importers in the region. Vietnam's import continued to increase from 1.9 million tonnes in 2016 to above 50 million tonnes in 2021. Most of the import into ASEAN came from Brazil (46%), Australia (34%) and Malaysia (10%). Malaysia's iron ore import remained significant in the last 5 years ...

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Vietnam's Hoa Phat, Anglo American sign iron ore deal

Steel producer Hoa Phat Group has signed a deal to buy 300,000 tonnes of South African iron ore from Anglo American Plc for delivery next year, the Vietnamese firm said.

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USGS Publications Warehouse

Estimated figures based on Vietnam's inferred exports of zirconium ore to China. 5 Partner countries' imports from Vietnam. Zirconium: Phu Ninh, Quang Nam 1 ... Vietnam News, 2022b, Thach Khe iron ore mining project needs careful consideration—Prime Minister: [Hanoi] Vietnam News, June 11. (Accessed August 28, 2023, at https://vietnamnews.vn ...

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Vietnam's biggest steelmaker set to import iron ore from its …

Iron ore trucks hit the road. Mr Dummett said the ore was currently being transported entirely by road to the port, but the company's long-term plan was to use the rail line to Darwin.

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VIETNAM STEEL INDUSTRY OUTLOOK 2021

Vietnam's total export volume, up from 3% in 2019 ). Figure 2. Expected capacity of China and Global steel 2020F–2022F Source: Bloomberg, MAS Global, MAS Research Vietnam 3. Forecast HRC price remains high due to massive global demand In 4Q20, Vale (Brazil's largest iron ore producer) announced that the company had lowered its iron ore

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Iron ore prices continue to decline

Steel price today April 5, 4: Falling iron ore price causes steel price to go down Steel price today April 2024, 7: Domestic market goes sideways Hot rolled steel market is quiet Steel price today April 4, 2024: In Europe, according to Fastmarkets, the European hot rolled coil (HRC) market ... Update unit price of AIA Vietnam's Unit Linked …

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Iron ore price increased more than 3% thanks to expectations of China's

Iron ore prices increased more than 3% thanks to expectations of China's economic stimulus. People's Newspaper. 02/07/2024. ... Korea is Vietnam's third largest trade partner (only after China and the United States) with bilateral turnover reaching 3 billion USD in 2023, and is Vietnam's third largest export market (after China and United ...

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Vietnam's Iron Ore Market Report 2024

In 2019, Ukraine (X tons) constituted the largest supplier of iron ore to Vietnam, with a X% share of total imports. Moreover, iron ore imports from Ukraine exceeded the figures recorded by the second-largest supplier, South Africa (X tons), eightfold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

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Vietnam's largest iron ore pellet mill inaugurated

The factory, uses advanced technology and equipment and is capable of producing 300kt/y of iron ore pellets to serve the Hoa Phat Integrated Steel Complex and nationwide iron furnaces. The plant is expected to generate jobs for more than 200 ethnic minority people with an average monthly income of over 4 million VND ($188). It […]

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Iron ore rises on the exchange

Steel prices in the North According to SteelOnline.vn, Hoa Phat steel brand, with CB240 steel coil line, is at 13.480 VND/kg; D10 CB300 rebar steel is priced at 13.580 VND/kg. Viet Y steel brand, CB240 steel coil line at 13.430 VND/kg; D10 CB300 rebar steel is priced at 13.400 VND/kg. Viet Duc Steel,

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Iron ore prices recover from deep decline | Hoa Sen Group

The iron ore market went through complex and dynamic changes at the end of September 2024, reacting to economic news and actions taken by the Chinese government. As of September 27, January iron ore futures, which are the most traded on the Dalian Commodity Exchange, recovered 9% compared to September 20 – to RMB …

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Vietnam's largest iron ore pellet mill inaugurated

Vietnam's largest iron ore pellet mill inaugurated Nhan Dan/VNA - A US$14.1 million iron ore pellet production mill, the largest in Vietnam, was inaugurated in Vi Xuyen district, Ha Giang province on October 15 after more than a year's construction. Wednesday, October 16, 2013 10:42.

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Vietnam: iron ore production 2021

In Vietnam, iron ore production amounted to approximately 5.24 million metric tons in 2021. This was a significant increase from 2010, in which Vietnam produced approximately 1.93 million tons of ...

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Vietnam's largest iron ore pellet mill inaugurated

Vietnam's largest iron ore pellet mill inaugurated. A 14.1 million USD mill producing raw iron ore pellets, the largest of its kind in Vietnam, was inaugurated in Vi Xuyen district, the north-western province of Ha Giang on October 15 after over one year of construction. The factory, using advanced technology and equipment, is capable of …

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VIETNAM STEEL INDUSTRY OUTLOOK 2021

Vietnam's total export volume, up from 3% in 2019 ). Figure 2. Expected capacity of China and Global steel 2020F–2022F Source: Bloomberg, MAS Global, MAS Research …

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