Iron Ore Price is expected to Rise!

Index for #iron_ore reduced 2.9$ on Monday 26th August. This reduction is related to #Trump decision in order to increase tariffs (5%) on Chinese products and goods and the #Yuan_devaluation (-0.82%), causing #iron_ore_import to #China more expensive and decreasing iron ore demand. On the other hand China has reduced the limitations on #steel_mills for September…

Latest Iron Ore News on August 17th 2019

  The weekly change of mineral’s price: Product Difference/MT Rhodium +6% Indian Galvanized Sheets +3.9% Indian Sponge Iron (DRI) +3.6% London Copper -0.6% PB -1.7% Concentrate -7.2% Pellet -8.2%   Costs to produce one MT of steel in China: The growth of iron ore price to over 125$ per MT has made the costs of…

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