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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…

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Fall of Iran’s iron ore prices

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.

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As the iron ore prices in global markets continue to fall, the price difference between Iranian internal and export concentrates reduced to only 7.3%!

#Iron_ore_market is still trending down in #China and today the #iron_ore_index in #Dalian_Commodity_Exchange (#DCE) dropped 4.6%. Iranian export iron ore is also softening and decreased 0.5$ today and 5% for the lower grades during the last week.  Index for export #concentrate 66%, FOB Bandar Abbas is now 62.4$ which is only 7.3% more expensive than…

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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…