Generally, ore is a rock, containing enough amount of a metal. Low grade ores have a small amount of metal while high grade ones are richer and contain a larger percentage of mineral. Iron ore, consisting 5% of Earth’s crust, is the source of iron which is primarily used to produce steel. Steel is applied…
Iron ore increased prices may trend down if the supply shocks disappear. Recently supply-side disruptions caused iron ore prices to jump in levels that have not been seen for a long time. Fastmarket’s 62% iron ore price was above 90$ per MT (CFR, Qingdao basis) on the first half of April 2019 which is the…
Iron ore as the main raw material used widely in steelmaking is more integral to the global economy than any other commodity! About 98% of the mined iron ore is applied to produce steel which has extended uses in manufacturing of roads, railways, vehicles, appliances, buildings, and other infrastructures. Durability and strength of iron ore…
Shanghai Vale dam incident in Brazil pushes up prices. Iron ore prices shot up across the board on Monday January 28 amid market expectations of supply disruptions following a tailings dam failure at Vale’s Córrego do Feijão mine in Brazil. MB 62% FE IRON ORE INDEX: $78.18 per tonne cfr Qingdao, up $3.49 per tonne. MB…
According to Platts, it was assessed the 62% Fe Iron Ore Index at $75.95/dry MT CFR North China Friday, up $1.20/DMT from Thursday. The seaborne iron ore market strengthened Friday supported by expectations that steel prices will go up further after Lunar New Year holidays. The lump premium market rose Friday. Offers for Pilbara Blend…
Iron ore refers to rocks and minerals from which metallic iron is extracted for commercial uses. This extracted iron is used for manufacturing steel which the most consumed metal globally by tonnage and purpose. Iron ore is the main ingredient in steel. Steelmaking is the process for producing steel from iron ore and scrap. It…
Amoot Iranian Trading Company is widely known as a prominent supplier of Iron ore to China, India and some other Asian countries for more than one decade. Annual export of over a million MT of iron ore proves the reliability and validity of our company in this regard. Amoot Iranian is a customer-oriented company that…
History of Sangan Mines About 600 years ago Sangan iron ore mines were introduced in Tazhatol Gholub book of Hamdollah Mostofi (a famous Iranian historiographer, writer, and poet) for the first time. The initial discoveries of it relate back to 1971~1979 which was applied by the private sector. Then investigating on qualitative and quantitative parameters…
Amoot Iranian Trading Company as one of the grand iron ore suppliers has set a goal to provide the highest quality and purest iron ore for sale. To gain this aim, impurities and intruder elements of iron ore should be decreased. We have employed experienced and professional experts to apply various experiments and tests on…
Iran High Potential in Industrial Minerals: Iran is among the ten first countries of the world in terms of mineral resources. It has the first place in the Middle East. According to the Islamic Parliament Research Center, about 7% of the world’s mineral resources are located in Iran. Huge available resources of Iran make it…
