[Ferro-Alloys.com]   Vale plans to produce 49 million tonnes of iron ore pellet in 2020 by gradually restarting idled capacity throughout next year, the company's ferrous and coal director, Marcelo Spinelli, said this week.

AISI announced that in the week ending on November 30, 2019, domestic raw steel production was 1,835,000 net tons while the capability utilization rate was 79.3 percent. Production was 1,903,000 net tons in the week ending November 30, 2018 while the capability utilization then was 81.2 percent. The current week production represents a 3.6 percent decrease from the same period in the previous year.

The Financial Mail reported that the French government is threatening to scupper the Chinese rescue deal for British Steel. French Economy minister Ms Agnes Pannier-Runacher has warned that her government is prepared to block the sale of British Steel's profitable French arm to China's Jingye. Ms Pannier-Runacher said that the deal could be blocked if the French do not have all the guarantees. She was speaking after France Rail, an arm of British Steel which is a major supplier of rails to the French railway network, agreed to buy steel from the struggling Ascoval mill in northern France.

China has just given the long-awaited green light to the trading of new commodity options including iron ore and rapeseed meal, part of a move to enrich the domestic derivatives market to supplement the nation's expanding commodity trade, experts said on Monday.

Click here for more information: Ferrosilicon Daily Express 12.4

• [Editor:kangmingfei]