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SteelMint provides commodity prices for iron ore, Pellets, fines, lumps, Coal, Metal Scrap, Steel - Billet, Ingot, Rebar, wire rod, HRC, CRC and steel market sentiments
SteelMint provides commodity prices for iron ore, Pellets, fines, lumps, Coal, Metal Scrap, Steel - Billet, Ingot, Rebar, wire rod, HRC, CRC and steel market sentiments
The unfolding correction in Chinese steel prices could trigger the start of the second leg down for iron ore prices, commodity strategists and economists warn.
Steel price cools off 20% from all-time highs; iron ore price too trend lower. Since the start of November, steel and iron ore prices are trending lower. In fact, steel prices are now trading at around eight-month lows and the prices have come off by nearly 20 percent from their all-time highs, which was in the month of May when China future ...
DCE iron ore futures fell sharply today, and I2201 hit new low of 671 yuan/mt. an decrease of 4.62% throughout the day;the quotation in the morning was decreased by 30-50 yuan/mt over yesterday. Nov 10, 2021 17:51
Iron ore price rally is over, prices to follow multi-year downtrend — report. The iron ore price rally has ended with prices dropped to levels below what Fitch Solutions forecasted, the market ...
Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes.
It's like the high coking coal price and coal prices, which go into steel mill inputs. It's certainly impacted margins, but it still hasn't affected the upward trend in steel mill margins because iron ore prices have fallen. So the steel mills are very much in a good position because of the steel output cuts and the strength in steel prices.
Cecil said the supply constraints have buoyed domestic steel prices and – coupled with the recent drop in iron ore prices – led to a spike in Chinese steel mill profit margins in September. "Chinese iron ore imports in the first eight months fell 12.5 million tonnes year over year, with higher shipments from Brazil and lower shipments ...
Seaborne iron ore prices were mostly stable on Monday November 8 amid continuing weak demand from Chinese steel mills, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $93.82 per tonne, up $0.68 per tonne 62% Fe low-alumina fines, cfr Qingdao: $94.55 per tonne, up $0.47 per tonne 58% Fe fines high-grade premium ...
The iron ore price tumbled to a 17-month low, but the crash has ignited speculation that the commodity is close… The post Is the iron ore price set to rebound next month? appeared first on The ...
Iron ore is a non-fungible commodity, and its quality varies. To help facilitate price adjustment for differences between expected and delivered product specifications, PRAs have developed value-in-use (VIU) indices for the key price-affecting chemical components of iron ore - …
The high-grade iron ore market is largely aligned with iron ore as a commodity in general. In the real world, however, iron units are not fungible commodities - we are increasingly seeing in today's market how ore grade and form can be significant and dynamic factors in value realization.
Output from major Chinese mills shrank nearly 20% toward the end of October. Iron ore inventories are at their highest since April 2019, and mill margins are under pressure as steel prices slide.
"The iron ore rally has ended and prices have collapsed, as per our expectations, and we expect prices to remain under pressure in 2022," the credit rating agency said in a recent report.
High-grade 65% iron ore, as assessed by commodity price reporting agency Argus, ended at $111.35 a tonne on Monday, down 58.1% from its all-time high of …
The iron ore price on Singapore's SGX and on the Dalian Commodity Exchange hit a record high, based on demand due to high Chinese steel production, and concerns about supply, Commerzbank analyst Daniel Briesemann said in a Dec. 11 …
Iron ore prices down, mills step up furnace maintenance in north China. Seaborne iron ore prices edged lower on Friday November 12, after more steel mills took the opportunity to carry out blast furnace maintenance after margins tightened significantly over the …
Tumbling iron ore prices are on track to wipe almost $3 billion from federal coffers this financial year, as China's property market woes weaken demand for the steel-making ingredient while ...
ABSTRACT. Chinese imported iron ore prices for both portside stocks and seaborne cargoes dropped on November 12, and overall trading activity was sparse as well. On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao reversed down after Thursday's rebound, falling by Yuan 19/wmt ($3/wmt) on day to Yuan 620/wmt including the 13% VAT.
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 …
China's copper cathode output stood at 789,400 mt in October, down 1.7% month on month and 3.9% year on year. DCE iron ore futures fell sharply today, and I2201 hit new low of 671 yuan/mt. an decrease of 4.62% throughout the day;the quotation in the …
· US Producer Price Index: Iron and Steel Mills is at a current level of 375.30, up …
Iron ore and steel prices in several regions around the world have been falling in August, potentially signaling some softness in what has been a historically pricey ferrous scrap market.. Steel production cutbacks in China's blast furnace/basic oxygen furnace (BF/BOF) steel industry sector are being cited as the lead factor in falling iron ore prices.
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.