|
|
| |
|
|
Fifth Brazilian iron ore miner halts ops on high Brazil-China freight rates; low ore prices-Foundry Exhibition-The 27th China(Guangzhou) International Casting Products,foundry Industry Exhibition
10/20/2026 铸件展-铸造展会-casting expo-foundry exhibition |
--------------------------------------------------------------------------------------------------------------- |
|
The J. Mendes group said in a statement that its subsidiary JMN Mineracao has halted operations at its iron ore mine, located in the state of Minas Gerais, between the municipalities of Desterro and Piracema.
Citing low iron ore prices and high logistics costs, chiefly the Brazil-China freight rate, the company follows similar moves by Itaminas, CSN Mining, Cabo Verde and Usiminas Mineragao.
Although it does not ship iron ore to China, JMN was affected by sea freight costs because its domesticcustomers base local prices on international benchmarks.
According to shipbroker Banchero Costa, the Tubarao-Qingdao freight rate, the benchmark for Brazil-China iron ore shipments, currently stands at $33.20 per metric ton (mt), up 41.4 percent year on year, an increase attributed to higher bunker fuel prices driven by the war in the Middle East.
The group also owns the iron ore miner Ferro+ Mineracao, which produces 7 milion mt per year, while JMN hasan estimated production capacity of 2 million mt per year.
铸造展-铸件展-铸件采购会-国际铸件展-2027第二十七届广州国际铸件产品及铸造工业展会-巨浪展览-Foundry Exhibition-The 27th China(Guangzhou) International Casting Products,foundry Industry Exhibition
2027铸件展, 2027铸件展会, 2027广州铸件展, 2027中国铸件展会, 2027广州铸件展, 2027广州铸件展会, 2027压铸件展, 2027压铸件展览会, 广东铸件展, 广东铸件展会, 中国铸件展,中国铸件展览会, 铸造工业展, 2027铸造工业展-casting Industry Exhibition,casting expo, 2027 casting exhibition, 2027 casting expo, China casting exhibition, China casting expo,casting Industry event,casting event, 2027 casting event,casting event 2027, China casting event, China casting event
内容摘抄于网络,如有侵权,请联系删除 020-38620785,zheng@julang.com.cn
|
|
|
|
|
