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This led to a plunge in iron ore prices but bolstered demand for billet, which can be used instead of melting new steel. Several deals for Indonesian 3sp 150mm blast furnace (BF) billet were closed in the range of $695-705 per tonne cfr China in recent days, Chinese buyer sources said, while deals for Vietnam-origin 3sp billet were done at $700 ...
"Medium-term, China's demand for iron ore is expected to be lower than it is today, as crude steel production plateaus and the scrap-to-steel ratio rises," the miner said in its outlook on ...
China wants its top-five steelmakers to account for 40 per cent of the country's total steel output by 2025, according to S & P Global Platts. They now make up between 26 per cent and 30 per ...
Erik Hedborg of CRU says Covid cases at Chinese ports are slowing down the deliveries of iron ore from producers to the steel mills in China. Iron ore prices are falling at the same time the ...
Iron ore with 63.5% iron content for delivery in Tianjin extended its downward momentum to below $85 per metric tonne, the lowest since May 2020 on weak industrial demand from China due to curbs on steel production. After enforced constraints on steel production in 2021, China ordered steel mills to lower output ahead of the Winter Olympics in Beijing, while tightened credit lines in the debt ...
Current iron ore prices in China indicate a price hike for the third consecutive day of April 3, 2019, in light of the incidents that have taken place for the world's biggest iron ore exporters, namely, the Vale of Brazil and Rio Tinto. Iron ore 62 cfr china today at 89.89 $ / t, according to the latest Metal Bulletin.
Iron ore price rally is over, prices to follow multi-year downtrend — report Investegate 3d Alien Metals Limited : Drilling recommences at Hancock Iron Ore Project
WATCH: Iron Ore will fall to between $80 and $90 a ton going into next year, UBS says. Iron ore extended its slump below $100 a ton as China …
1 MMi Daily Iron Ore Report (April 9) As of April 9, iron ore inventories across 35 ports tracked by SMM totalled 124.69 million mt, a decrease of 400,000 mt from the previous week, but up 16.55 million mt year-on-year. Daily average deliveries from the 35 ports decreased 124,000 mt on a weekly basis to 2.55 million mt last week.
In other words, the chances of fluctuating iron ore price in china today are high. FOB iron ore price. Changing the market situation for iron ore in China given that this country is one of the world's largest iron ore buyers, it affects the global price of iron ore and hence the fob iron ore price in the ports of the exporting countries.
2 Seaborne iron ore prices slipped slightly on Monday November 15 amid continuous weak demand from Chinese steel mills, which have begun formal production curbs for the winter heating season as of today, market sources said. Fastmarkets iron ore indices. 62% Fe fines, cfr Qingdao: $89.05 per tonne, down by $0.64 per tonne.
China Rebar Inventory Shrank 261,800 mt on Week. The inventory of rebar across Chinese steel makers and social warehouses stood at 7.64 million mt as of November 11, down 261,800 mt or 3.3% from a week earlier. Stocks are 90,900 mt or 1.2% higher from a …
China Steel Prices, News and Analysis. SteelOrbis is the primary information source preferred by thousands of firms for its up-to-date Chinese steel prices, Chinese market analyses and news, as it closely follows the Chinese iron ore, coking coal, flat steel, billet and long steel markets.
The most-traded iron ore for January delivery on China's Dalian Commodity Exchange ended daytime trading 1.6% lower at 546.50 yuan ($85.48) a tonne and was on track for a …
Iron ore's slump from a record accelerated as China ramps up efforts to control a dizzying surge in prices. Futures in Dalian dropped the daily …
Chinese industrial commodity prices tumbled on Monday following the announcement, with the most-traded Dalian iron ore contracts falling by as much as 9.5% according to Reuters.
23 China mill margins further eroded in Oct; coking coal prices extend gains: ferrous analytics Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components …
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 …
Iron ore futures jumped more than 5% in Singapore, steel futures in Shanghai spiked to their daily trading limit, while stocks and bonds of property developers also surged. Aluminum in London rose more than 3% as China continues to control energy use, with freely available stocks of the metal at the lowest levels since 2005.
As the year begins, SMM writes, "High iron ore prices and coke prices have bolstered pig iron cost, increasing the cost efficiency of steel scrap. The price spread between steel scrap and rebar [has] widened by 240 Chinese renminbi ($37.17) on the month, due mainly to more gains in rebar prices than steel scrap prices."
Chinese prices of imported iron ore for both port inventories and seaborne cargoes dipped further on November 15, with sales still flat. On Monday, Mysteel PORTDEX 62% Australian Fines in Qingdao declined by Yuan 7/wmt ($1.1/wmt) from last Friday to reach …
The most-traded iron ore on China's Dalian Commodity Exchange DCIOcv1 soared as much as 10.7% to 758 yuan ($117.13) a tonne in early trade, its …
China's prices of imported iron ore fell to new lows over November 8-12 against the backdrop of continuing depressed demand from steelmakers. Mysteel SEADEX 62% Australian Fines dipped to an 18-month low of $89.1/dmt CFR Qingdao on November 10. The index had recovered to …
Iron ore prices fell on Wednesday amid Chinese intervention to cool commodity prices, while demand for steel stayed subdued on output controls. According to …
The price of iron ore has continued to tumble, with the price of the steelmaking commodity falling from a record $233 a tonne in May to $94 on Monday. The fall in price comes as China's moves to clean up its heavy-polluting industrial sector, in which coal fired steel mills contribute a significant portion of the countries high emission total.
The most-traded iron ore futures on the Dalian Commodity Exchange DCIOcv1, for January delivery, fell 2.6% to 564 yuan ($88.11) per tonne as …
Over November 8-12, prices of domestically-mined iron ore concentrates across China continued to trend south, mainly due to weakening demand among Chinese steel mills on shrinking margins and falling prices of imported iron ore, market sources observed. NBS: China's Jan-Oct pig iron output down 3.2% YoY 15:30. China's pig iron output over ...
Prices for 62% iron ore has dropped from the low 1,500s RMB/metric ton in early July to the mid-1,100s today on the Dalian exchange. Nasdaq …
Iron ore, which is used to make steel, has topped 1,240 yuan per metric ton ($194) on the Dalian Futures Exchange, a 25% increase since the start of …
On Tuesday, the miner posted strong financial-year earnings on the back of high iron ore and copper prices just as iron ore prices dipped to near US$160 a …
