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The S&P Global Platts 62% Fe Iron Ore fines index, or IODEX, surged to a nine-year high at $177.15/dry mt CFR China Dec. 21, after starting the quarter at $123.15/mt, due to a combination of speculative buying and restocking ahead of winter and Lunar New Year. End-users found mainstream medium grade fines the most cost-effective in Q4 due to ...
Iron ore surged to about $230 a ton this week, smashing its previous record high as Chinese mills ramp up production to tap into soaring profit margins. Sanford C Bernstein, which tracks iron-ore cargoes on a ship-by-ship basis, said it expects 5.1% more of the steelmaking raw material to be transported by sea in the second quarter compared ...
The rising inventory of ore signals the pace of restocking by mills has slowed, posing a risk to the rally that's pushed prices to almost $80, according to Nanhua Futures Co.
The main talking point in the iron ore industry at the momen Total 16,463 Spot Iron Ore Price related results on FerroAlloyNet Advanced search for spot iron ore price Page 1 of 1,647 [15ms If your aim is the money or smithing portion of mining iron and somewhere to actually store the iron ore after you've mined an inventory full, and you ...
A plunge in iron ore prices and shipping costs means it's cheaper for Chinese steel mills to buy the material from Brazil more than 8,000 nautical miles away than to buy the lower-grade ore ...
Iron ore prices rebound, and Credit Suisse says there may be further gains to come. Iron ore prices rebounded on Tuesday after two days of heavy losses. Chinese steel futures rallied hard, helping ...
By region, prices in south China, north China and northeast China rose slightly by $1.44-$2.88 /ton, fell by $1.44 /ton in central China, and stabilized temporarily in southwest and northwest China. Transaction: the trader quote generally stable, but the carrier quote continued to increase, there is no cargo merchant move phenomenon.
Strong restocking demand has driven spot iron ore prices up 3.4 percent during the month. Iron ore exports to China from Australia's Port Hedland, which handles about a fifth of the global seaborne market, rose 38 percent to 22.3 million tonnes in November from the same month last year, in another sign of solid demand.
For many miners, volatile commodity prices made 2012 a year to forget as iron ore and coal suffered unprecedented swings. But those hoping for some relief in 2013 may be disappointed.
China's steel and iron ore futures have trended up since Monday night, with the benchmark rebar and hot-rolled coil contracts leading gains on Tuesday - although some market participants said the latest Vale issue was more or less boosting iron ore futures prices. The country's spot markets for HRC and rebar posted gains of 10-50 yuan ($1 ...
Iron Ore-Spot prices extend gains despite slow China steel mkt ... But unless steel prices rebound, the iron ore rally may soon run out of steam, as mills wrap up restocking …
The steel output cuts that started from July have played a major role in helping cool down iron ore prices and propping up steel margins in the process. China's domestic rebar and HRC sales ...
After reaching a new all-time high of more than $230 /dmt in May, iron ore prices held steady in the following months and traded in the $200–220 /dmt range for most of June and July. However, things have changed dramatically in August and the price has now dropped to $140 /dmt, as assessed by CRU on 24 August.
On August 26, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment reversed from three days of increases, slipping Yuan 15/tonne ($2.3/t) on day, and spot sales of construction steel showed no signs of recovery, down for the fourth working day by another 6.6% on day, suggesting that market participants stayed cautious despite the coming of September, a …
Material increase. Iron ore is enjoying a sudden rebound to near-record levels — spot prices are less than $1 away from their peak of $194/tonne — as China's steelmakers keep output rates at ...
The spot price of iron ore delivered into China with 62% ferrous content rose 5.8% Tuesday to $146.30 a metric ton, according to The Steel Index, a …
As iron ore prices fell to a near two-year low last month, steel mills in China began restocking. Some improved economic data from China also boosted prices. Spot prices of benchmark ore…
Iron ore prices refer to Iron Ore Fine China Import 63.5 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. Is used to make steel for infrastructure and other construction projects. The biggest producers of iron ore are China, Australia and Brazil. Others include India, Russia, Ukraine and South Africa.
Rises in hot-rolled coil futures prices in China continued to support spot prices on Monday March 15, although physical demand has dropped. Domestic Eastern China (Shanghai) : 4,970-4,990 yuan ($765-768) per tonne, up by 40-50 yuan per tonneSellers offered HRC at 5,000-5,010 yuan per tonne in the morning, citing gains in the futures market, but ...
Benchmark iron ore prices with 62% iron content in August have tumbled roughly 26% to trade above $156 per metric ton, driving to levels not …
"Our conversation with [Chinese] traders and steel mills suggest that the iron ore price could dive to US$90/t," said Citi, two weeks ago. At that point the price was still around US$110/t, and today it is at US$99.50/t. Citi is not alone in fearing a US$90/t price.
Iron ore prices have retreated for the past two months on expectations steel output cuts in China to fight pollution over winter will sap iron ore consumption just as miners add output. At the same time, producers and investors are peering forward into 2018, pondering what'll happen to supply, demand and prices when the curbs are relaxed.
RBC predicts an 11% fall in iron-ore prices next year, as new supply from Anglo American's Minas Rio project and mines owned by Fortescue Metals Group Ltd. FMG 2.44% is added to the market. UBS is ...
Iron ore prices have lost nearly 30% on demand concerns and China's orders to curb steel production. "Dr. Copper" as a barometer of economic health is …
DAILY: China mills' iron ore buying up, prices rise Sep 27, 2021. China's steel mills continued their iron ore replenishment on September 27 ahead of the upcoming National Day holiday over October 1-7, with ore prices also gaining. DAILY: China imported iron ore prices edge up …
Iron ore's incredible rebound could be short-lived. A rebound in the price of iron ore has failed to ignite hopes of a return to the dominance of the steel-making commodity over 2020-21, with ...
The gain in the spot price coincided with a sharp rally in Chinese iron ore and rebar futures on Monday. Iron ore futures leapt by 4.88%, outpacing …
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Iron ore prices have been the surprise best performing commodity of 2016 so far, up over 80% from its December low of $38.30 per tonne to close to $70 per tonne at the start of this week. According to Credit Suisse the highest level of restocking for 15 years is the major cause of the rebound.
JSW Steel Ltd., India's most valuable steel producer, is predicting declines for iron ore next year as demand from biggest consumer China eases and supplies recover. Prices …
Mr Li expects more Chinese iron ore miners to close down if there is no price rebound. China's assistance to its iron ore miners has been criticised for …
And like the iron ore price, share valuations may still have a way to go before bottoming out. Topics: iron-ore, mining-industry, steel, markets, economic-trends, port-hedland-6721, china
China steel mills cut back on high-grade iron ore as margins slump reuters Cost & Profit, Iron Ore 15:41:16 China's appetite for high-grade iron ore this winter looks set to drop from the peaks hit in recent years as steel mills try to cut costs and prop up profit margins weighed down by the nation's slowing economy, industry ...
This week's gains in iron ore futures mirror the rebound in spot prices in China, the world's top steel producer, as restocking demand ahead of the nation's Golden Week holiday from Oct. 1 ...
Spot prices for iron ore in China are rising as a result. China's iron ore demand remains strong, with its steelmakers in June producing 49.42m tonnes of steel – an all-time monthly high.
Key iron ore indexes, based on spot transactions in China, rose on Friday, but the fall in Shanghai steel futures may push down prices again this week, traders said. Platts' 62 percent iron ore index IODBZ00-PLT jumped $2 to $168.50 a tonne, including freight, and The Steel
This week's gains in iron ore futures mirror the rebound in spot prices in China, the world's top steel producer, as restocking demand ahead of the nation's Golden Week holiday from Oct. 1 ...
Spot prices of iron ore with 62% iron content for delivery to China SH-CCN-IRNOR62, compiled by SteelHome consultancy, rose by $1 to $192.5 a tonne on Friday. Other steelmaking ingredients were …
Spot prices for iron ore in China are rising as a result. China's iron ore demand remains strong, with its steelmakers in June producing 49.42m tonnes of steel – a record monthly high.
Iron ore prices rebounded on Thursday September 24, aided by mills' need to restock ahead of a holiday in China, sources said.