Yesterday iron ore price reduced 0.6%. Index for iron ore 62% and 65% Fe fell respectively 1.1% and 1.4%. Iron ore price reduction as well as the new 25% tariffs on export of iron ore in Iran can limit Iran’s iron ore export significantly. But it is a good opportunity for Iranian steelmakers; help them…
After a seven-days-long holiday of China and its marketers being back, there is a review on the Iranian export Iron ore in Bandar Abbas port and Chinese ports: All Iranian export iron ore had a USD +2 growth and a +3.1% to +8.7% increase during last week depending on the product. Dalian Commodity Exchange Index…
Chinese iron ore stocks had a bullish trend since 2.5 months ago, up 5.5%. It controls the increase of iron ore price and decreased its rate from $125.7 to $90.
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.
After the Chinese holidays, it is expected to see an improvement in steel demand, increasing the iron ore price. However now no increase in steel and iron ore prices is seen in China or East Asia but is not far from mind as steel demand is strengthening. Though to the severe competition, the price of…
Although Iran iron ore price reduced $1 per MT today, it has a weekly growth of 5.1% to 10.8%. Iranian concentrate 66% is over $100 in Chinese ports.
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.
Fitch Solutions, another time, reduced the global steel price predictions for the current year amid tensions between US and china which increases the danger of global recession! Fitch believes that steel price in short term will also drop! “We are revising down our 2019 global steel price forecast from an average of $650/MT to $600/MT,…
