Smelting one’s own iron from raw ore and alloying it into steel is generally not a backyard project thanks to the high temperatures needed, a problem [Thoisoi] solved with the magic of thermite.

According to SMM data, the capacity utilisation rate of domestic mines last week was 58.3%, down 1.3 percentage points WoW. The production of iron ore concentrates was 778,000 mt, down 17,000 mt MoM.

SINGAPORE, Feb 28 (Reuters) - Iron ore futures prices fell on Friday and were set for monthly losses, pressured by U.S. tariff concerns and mounting trade frictions against Chinese steel exports.

starting with the preparation of iron ore raw materials and ending with the deep processing of ferrous metals. MMK's net profit for the first quarter of 2024 increased by 20.5% to RUB 23.7 billion.

SINGAPORE, Feb 27 (Reuters) - Iron ore futures prices closed lower on Thursday, pressured by escalating tariff measures against Chinese steel, though solid demand for the steel-making ingredient ...