Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  BHP Group Ltd    BHP   AU000000BHP4

BHP GROUP LTD

(BHP)
  Report  
End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 08/22
35.2 AUD   -0.14%
08/21BHP : Results for year ended 30 June 2019
AQ
08/21ASIA MARKETS: Asian Markets Pull Back After Recession Fears Weigh On Wall Street
DJ
08/20BHP chief to 'stick up for globalisation' as trade tensions bite
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

China iron ore imports in June fall to lowest since Feb 2016

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/12/2019 | 08:29am EDT

BEIJING (Reuters) - China's iron ore imports in June fell from a year ago, touching their lowest since February 2016, customs data showed on Friday, as supply declined from top miners in Brazil and Australia.

Arrivals of the steelmaking raw material were 75.18 million tonnes last month, below both the 83.24 million tonnes imported in June 2018 and May's 83.75 million tonnes, according to data from the General Administration of Customs on Friday.

For the first-half of the year, the world's biggest iron ore consumer brought in 499.09 million tonnes of ore, down 5.9% from the same period a year ago, the customs data showed.

Supply from Brazil has fallen following the deadly rupture of a tailings dam in January. Elsewhere, Rio Tinto, the world's largest iron ore miner, has cut its forecast for 2019 shipments from the Australian region of Pilbara due to operational problems.

The two countries are China's largest iron ore suppliers.

Inventories of imported iron ore at Chinese ports fell to a 2-1/2-month low of 115.25 million tonnes by the end of June, according to data compiled by SteelHome consultancy. It rebounded slightly to 115.6 million tonnes last week.

"Iron ore supply may not see much improvement as some miners have scheduled maintenance in the coming months, while output from Vale is not likely to pick up largely in the near term," said Richard Lu, analyst at CRU in Beijing.

Chinese demand for iron ore could ease as top steelmaking cities in China heighten anti-pollution measures, including trimming production at mills, as local officials face mounting pressure to meet air quality targets.

Utilization rates at steel mills across China fell to 66.02% as of Friday, the lowest since late March, data compiled by consultants Mysteel showed.

"With the top steel hub cutting output, mills in other regions may take the chance to ramp up production. In that sense, total iron ore demand in China may not fall too much," said Lu.

(Reporting by Muyu Xu and Shivani Singh; editing by Christian Schmollinger and Richard Pullin)

Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LTD -0.14% 35.2 End-of-day quote.6.05%
BHP GROUP PLC -0.77% 1700 Delayed Quote.3.77%
FORTESCUE METALS GROUP LIMITED 1.24% 7.36 End-of-day quote.80.91%
RIO TINTO LIMITED 0.61% 84.21 End-of-day quote.9.38%
RIO TINTO PLC -0.41% 3972 Delayed Quote.6.97%
VALE 0.71% 44.15 End-of-day quote.-14.04%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BHP GROUP LTD
08/21BHP : Results for year ended 30 June 2019
AQ
08/21ASIA MARKETS: Asian Markets Pull Back After Recession Fears Weigh On Wall Str..
DJ
08/20BHP chief to 'stick up for globalisation' as trade tensions bite
RE
08/20Global Stocks Waver Amid Uncertainty on Rates, Trade Talks
DJ
08/20Global Stocks Waver Amid Uncertainty on Rates, Trade Talks
DJ
08/20Global Stocks Waver Amid Uncertainty on Rates, Trade Talks
DJ
08/20BHP Profit Soars as Iron Ore Surges -- WSJ
DJ
08/19BHP : Mining giant BHP pays record dividend, but flags global growth headwinds
RE
08/19BHP Pledges Record Payout as Profit Surges -- Update
DJ
08/19BHP Expects Iron Ore Supply to Normalize in 1-3 Years -- Commodity Comment
DJ
More news
Financials (USD)
Sales 2020 45 956 M
EBIT 2020 19 796 M
Net income 2020 11 524 M
Debt 2020 9 199 M
Yield 2020 6,27%
P/E ratio 2020 10,5x
P/E ratio 2021 12,2x
EV / Sales2020 2,69x
EV / Sales2021 2,75x
Capitalization 114 B
Chart BHP GROUP LTD
Duration : Period :
BHP Group Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BHP GROUP LTD
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 25,34  $
Last Close Price 23,92  $
Spread / Highest target 17,6%
Spread / Average Target 5,95%
Spread / Lowest Target -15,0%
EPS Revisions
Managers
NameTitle
Andrew Mackenzie CEO & Non-Independent Executive Director
John Kenneth Norman MacKenzie Chairman
Daniel Malchuk President-Americas Minerals Operations
Steve Pastor President-Petroleum Operations
Mike Henry President-Minerals Australia Operations
Sector and Competitors
1st jan.Capitalization (M$)
BHP GROUP LTD6.05%114 439
BHP GROUP PLC3.77%114 439
RIO TINTO PLC6.97%81 760
RIO TINTO LIMITED6.67%81 760
ANGLO AMERICAN PLC-1.42%28 887
GRUPO MEXICO S.A. DE C.V.3.59%17 163