Export Duties on Iran Iron Ore:

Iranian concentrate price increased 1$ on daily basis and 7.3% on weekly basis. Low grade products grow 13.7% comparing current week to previous week and Iranian hematite fines price declines 1.7% at the same period. It is worth noting that Iran government is going to add 25% export duties on iron ore to cool down…

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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…

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China, the Biggest Importer of Iran’s Iron Ore

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…