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…
IRON ORE Market on Jan 29th 2019
Shanghai Vale dam incident in Brazil pushes up prices. Iron ore prices shot up across the board on Monday January 28 amid market expectations of supply disruptions following a tailings dam failure at Vale’s Córrego do Feijão mine in Brazil. MB 62% FE IRON ORE INDEX: $78.18 per tonne cfr Qingdao, up $3.49 per tonne. MB…