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feb 03, 2020 by the 3 p.m. close of trading, iron ore was 6.6% lower at 606.50 yuan a ton, the weakest since november. steel reinforcement bar closed down 7.6% after opening at its downside limit.
tsi iron ore fines 62% fe cfr china ts01021 tsmau03 tsmby03 assessment daily 62% fe, 8% moisture, 4% silica, 2.25% alumina, 0.09% phosphorus, 0.02% sulfur granular size of up to 10 mm for up to 90% of cargo min 50,000 mt cfr qingdao, china 14-56 days forward l/c at sight $/dmt io fines 65% fe cfr china ioprm00 ioprm03 assessment daily pma1105
dec 14, 2020 ore inventories in china are continuing to fall, however, so we will likely not see an end to the recent price surge anytime soon. this trend will put further additional pressure on world ore prices, and, consequently, we can expect even higher prices for finished steel products here in the u.s. in the near term.
"if the margins continue to drop, more mills will use low-grade iron ore," said a senior manager at a mill in southern china that produces both rebar and hrc. ($1 = 6.9397 chinese yuan )
chinese steel mills facing a slump in profit margins are scrambling for lower grade iron ore to cut costs, squeezing supplies and halting a long-standing market trend toward higher grade ore.
dec 02, 2020 steel scrap in china has not been an issue for the iron ore miners this year because the surge in steel demand took the steel mills by surprise and transport systems were slowed by pandemic
iron ore arrivals at chinese ports shrank 470,000 mt on week a total of 84 vessels carrying 11.29 million mt of iron ore arrived at major chinese ports during march 21-27, smm estimates. this was down 470,000 mt from the previous week, and basically unchanged from the same period last year.
14 dec 2020 — iron ore futures in singapore tumbled from the highest since 2013 after a leading mills group in china stepped up its push for authorities in the
it’s a different story in iron ore with chinese steel mills being hit with a 35% increase in the price of the commodity since early november to a nine-year high of $160/t, largely a result of a
iron ore swung from a bear to bull market this year as the top producers boosted low-cost supply and port stockpiles in china, the biggest buyer, slid to the lowest since 2013.
3 nov 2020 — surging iron ore prices in the third quarter pushed mills in china to switch from consuming primarily mid-grade fines to a blend of low and high
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japan’s second-biggest steelmaker purchased some iron ore on spot contracts during china’s lunar new year holidays in february to increase stockpiles, he said. the nation’s top mill
16 jun 2020 — china june 4-10 rebar output surges to record 4 mln t - mysteel. holds ground near 10-month high - steelhome (update with closing prices, chart) steel mills strong appetite for iron ore further reduced portside stockpiles
tangshan restrictions dim iron ore demand outlook (updates prices, adds chart) as anti-pollution restrictions in chinas top steelmaking city of tangshan crushed material, issues pollution alerts from time to time restricting mills operations.
the first set of correlation charts show platts’ iron ore price set against the lme’s steel billet. while billet in the west is primarily produced from scrap, in china, the world’s largest steel producing country, billet is manufactured predominately from iron ore. the first chart clearly shows that over a three
free metal price tables and charts updated daily: latest metal prices and charts by date and currency. iron ore: $166.61 mt: 03/26 mar 26, 2021: lead: $0.8772 lb
oct 26, 2015 chinese scrap – typically around 90% fe – has fallen to below 62% iron ore at its 2011 peak and below domestic pig iron prices. chinese scrap at 10-year low pressures iron ore price - mining.com
ferroalloynet statement cadence minerals sees first iron ore shipment from amapa project since 2015. cadence minerals announced that dev mineração s.as ("dev") has commenced the shipment of 45,000 tonnes of iron ore stockpiles from the amapa iron ore project.
smm survey of china’s lithium industry—jiangxi smm lithium team visited lithium salts plants in jiangxi from march 2 to investigate their new projects and projects under construction. as an important area for lithium smelting, jiangxi currently has 7 smelters with a capacity of more than 10,000 mt, 4 of which use lepidolite concentrate as a
lum ultrafine vertical mill. read more pie chart of iron ore in india in 2011 2012 china crush video pie chart of distribution of iron mineral in india-henan .
by china, where production rose by 7.8 percent (compared to 1.9 percent for the rest of the world). according to forecasts, steel prices will drop in 2019, leading to a decline in production growth rates from 4.9 to 1.3 percent. at the same time, demand for steel will increase this year, although at a more modest rate of 1 percent.
that is an iron ore price level that, in my opinion, would cause smaller chinese mills to significantly lower prediction. the number one beneficiary of higher iron prices, by far, is australia.