On Friday 27th, Iran iron ore price increased $1.6 per MT and the index for low grade iron ore products (Magnetite 54% and Hematite 56%) had a weekly growth of 2.7%. Index for Iran concentrate though to today’s improvement, had a weekly decrease of 1.3%. Hematite 60% dropped 2.4% WOW.
Rebar Shanghai: +1.4% Copper LME: +1.2% Alumina: +0.7% Lead: -1.5% Iron ore 62%: -3.5%
Global iron ore prices have bounced 37% in 2019, stimulating iron ore exports in Iran which is in conflict with government’s policy to control the domestic price of steel! So the only way is to add new tariffs on iron ore exports, be sure of the iron ore supply for Iranian steel mills. It seems…
A local court in Brazil tells Vale to halt its operations at one part of its Brucutu mine. Seaborne iron ore prices trended up during last two weeks (+17.2%) and again approaching to $100 ($99.3)! The restrictions in Vale as well as the early October holiday in China caused the iron ore price to increase.…
Iranian export iron ore price raised 3$ per MT on FOB term (BND). Iranian hematite fines 60% had 5.7% weekly growth. Iranian concentrates also improved 1.5% in comparison with last week. The China decision to cut RRR by 0.5ppts has caused the market to trend up.
Coal concentrate production of Iran has risen 78.7% in last five years, the highest growth between Iran minerals! On the other hand, aluminum ingot with a 1.8% growth had the lowest improvement. 921,500 MT of coal concentrates were produced 5 years ago in Iran which had increased to 1,647,000 MT last year. Moreover 15,480,000 MT…
Export of minerals and industrial products of Iran have increased to 33,757,000,000 in last Persian year (21st March 2018~20th March 2019), up 19.5% in comparison with 5 years ago! This number was reported 28,235,000,000 on 21st March 2013 to 20th March 2014 (5 years ago).
Iran mineral section allocates 21% of the non-oil exports of this country which worth about 9.2 billion dollars. Steel and its products as well as iron ore concentrate and pellets, copper and its products and cement are the most important export minerals of Iran. Last year a growth was seen in steel, coke, copper and…
According to Financial Tribune, #direct_reduced_iron (#DRI) production in Iran had developed 10% in the first four months of the current Iranian year (March 21-July 22) in comparison with the same period last year. Totally 9.46 million MT of direct-reduced #iron were produced in Iran during the first four months of the current Iranian year. According…
Index for #iron_ore 54% decreased 32.9% in comparison with last week and is priced only 14.6$ per MT, not economically logical for #export! Also Index for #concentrate 66% dropped 11.2% in comparison with last week and 5.5 $ in comparison with Wednesday 21 august. It is priced 56.69$ on Thursday.
