China imported no scrap on August 2019. This is the first time since 1999 that China purchased no scrap; end the story that it is the world’s first buyer of scrap! It caused scrap steel price to grow to USD 387, up 18$ compared with previous year. But China government still persists on importing no…
Rebar Shanghai: +1.4% Copper LME: +1.2% Alumina: +0.7% Lead: -1.5% Iron ore 62%: -3.5%
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…
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 ($99.3)! The restrictions in Vale as well as the early October holiday in China caused the iron ore price to increase.…
The prices show 36% weekly growth for low grade iron ores. Iranian concentrate 66% increased to 65.9$ (+8.2%)! The growth of China purchasing managers’ index (PMI) and less steelmaking restrictions in Tangshan, all have caused Iran iron ore price to boost.
#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…
