Iron mill scale prices are currently being traded depending on the quality of the load in the range of 170 to 250,000 tomans per tonne. We determine iron mill scale prices by examining several cargo features. The first is the percentage of iron purity in the iron mill scale, the second is the ratio of oxide shell fines and grains compared to
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Dec 14, 2020 Even with higher steel prices, the potential for margins to support iron ore prices and higher pellet premiums could be limited, a steel group executive said Dec. 14. Even as S&P Global Platts IODEX 62% Fe fines benchmark fell Dec. 14 to $154.50/dmt, total pellet prices indicated well above earlier levels, potentially in the $170s/mt FOB range
Dec 28, 2021 The iron ore price went on a white knuckle ride in 2021. Prices jumped to a record of $237 a tonne in May, and crashed to about $85 in November on China’s pledge to reduce steel output
All Verified iron ore refining process suppliers & iron ore refining process manufacturers have passed our Business License Check, they can provide quality iron ore refining process products. Iron ore Crushing, Washing, Grinding, Refine Process Steel being the basic commodity for all industrial activities, quantum of its consumption is
Aug 02, 2021 The nationwide focus on reducing steel output will allow iron ore prices to decline without steel mill margins needing to fall according to
Sep 20, 2021 The price of spot iron ore for delivery to north China , as assessed by commodity price reporting agency Argus, slumped 22.2% from
Jan 08, 2020 Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $96.22 per tonne, up $1.11 per tonne 62% Fe Pilbara Blend fines, cfr Qingdao: $95.31 per tonne, up $1.11 per tonne 62% Fe low-alumina fines, cfr Qingdao: $96.87 per tonne, up $1.15 per tonne 58% Fe fines high-premium, cfr Qingdao: $81.79 per tonne, up $0.88 per tonne 65% Fe Brazil-origin fines, cfr
Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in
Jun 12, 2018 IRON ORE DAILY: Mill margins maintain price gap between brands The price gap between different grades of iron ore continued to hold up on Tuesday June 12 amid modest gains for this segment of the steelmaking raw materials market during the day
Jul 26, 2021 The increased supply of iron ore and early signs of Chinese producer discipline are starting to show up inventories at Chinese ports, which rose for a fourth week to end at 129.5 million tonnes on
Jan 11, 2022 Buoyed by the rise in steel mill margins and the recovery in Chinese steel production from December 2021, Asian iron ore prices leapt 36.5% from its Q4 trough to end the year at $119/dmt. However, the higher steel margins were not able to pull iron ore import margins out of the red in Q4, with seaborne prices consistently higher than port
Dec 28, 2021 Recently, the environmental protection restrictions in north China loosened, and some blast furnaces resumed their production. Meanwhile, there still existed some restocking demand from steel mills ahead of the Chinese New Year. As such, the demand for iron ore rose, boosting ore prices
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May 12, 2021 The iron ore price surged to a record $237.57 per tonne Wednesday as strong Chinese demand continued to outpace supply, but analysts are
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Dec 16, 2020 Iron ore prices have risen to unsustainable levels supported by stronger futures pricing, according to steel mills who are enjoying high spot steel prices as they recover output from earlier this
May 14, 2021 Iron ore on the Singapore Exchange sank as much as 11% to $187.10 a ton, before trading at $194.30 by 2:19 p.m. local time. Prices had touched a record $233.75 on Wednesday. Futures in Dalian closed 3.6% lower, extending Thursday’s 9% decline. “Prices have already reached a peak level from a medium- and long-term perspective,” Huatai
Dec 03, 2021 The iron ore price rose on Friday even as production at steel mills stayed sluggish amid government curbs in China. Capacity utilisation rates of blast furnaces at 247 steel firms across the
An iron and steel industry comprises steel mills, iron and steel foundries, and the suppliers of ferrous scrap and iron ore. Iron ore mines provide the major raw material from which iron and steel products are made. Iron and steel scrap raw materials are collected and distributed by brokers, collectors, and dealers in the ferrous scrap industry
Jan 10, 2022 Demand for seaborne iron ore concentrate cargoes has been improving despite sufficient domestic supply, a Ningbo-based trader said. Mills will probably have to keep a close watch on costs if prices for seaborne iron ore concentrate continue to climb because its high-cost impact may prompt a downturn in seaborne cargo demand, the trader added
Jan 31, 2022 China thinks iron ore prices are too high and it’s taking aim at speculators after the Platts 62% price hit a five month high of US$147/t on Friday. That’s 70% of lows of US$87/t in late 2021 and a ripper margin for Australian iron ore producers
Nov 01, 2021 Iron ore pellet premium over 65% Fe fines, cfr China: $47.10 per tonne, up $0.40 per tonne. Key drivers Sources told Fastmarkets that the Chinese steel mills’ margins were rapidly decreasing, sapping their appetite for high-grade iron ore
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Jan 14, 2022 Seaborne iron ore prices continued to trend downward on Friday January 14 amid sustained demand weakness from mills, sources told Fastmarkets. Overall market sentiment was weighed down because most mills have finished restocking iron ore at China’s ports ahead of the upcoming Lunar New Year, according to a Shanghai-based trader source
Dec 30, 2021 Fastmarkets iron ore indices. 62% Fe fines, cfr Qingdao: $119.28 per tonne, up $0.98 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $119.88 per tonne, up $1.50 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $93.55 per tonne, up $4.26 per tonne
Iron ore prices improved markedly in the second half of 2016, having reached a low in mid-January when 62% Fe prices fell below $40/ton CFR China for only the second time since the inception of the S&P Global Platts’ index in 2008 (the other instance was in December 2015)
Jan 10, 2022 66% Fe concentrate, cfr Qingdao: $155.77 per tonne, up $8.62 per tonne. 65% Fe blast furnace pellet, cfr Qingdao: $203.60 per tonne, up $9 per tonne. Iron ore pellet premium over 65% Fe fines, cfr China: $54.80 per tonne, up $0.90 per tonne. Key drivers. Demand from China strengthened for seaborne iron ore concentrate and pellets, largely driven by
Jan 08, 2020 Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $96.22 per tonne, up $1.11 per tonne 62% Fe Pilbara Blend fines, cfr Qingdao: $95.31 per tonne, up $1.11 per tonne 62% Fe low-alumina fines, cfr Qingdao: $96.87 per tonne, up $1.15 per tonne 58% Fe fines high-premium, cfr Qingdao: $81.79 per tonne, up $0.88 per tonne 65% Fe Brazil-origin fines, cfr
Jun 12, 2018 IRON ORE DAILY: Mill margins maintain price gap between brands The price gap between different grades of iron ore continued to hold up on Tuesday June 12 amid modest gains for this segment of the steelmaking raw materials market during the day