Platinum: +2.2% Turkey steel scrap: +1.9% Zinc: +1.8% Aluminum: +1.2% Copper: +0.9% Iron ore: -2.7% Coal: -4.8%
The +1.5% growth of Turkey’s import scrap together with the +0.3% rise in Iran export billet Nickle +1.3% Iron ore +0.6% Zn -0.9% Australia coal -1.8% Ferrovanadium -2.6%
Nickel: +2.3% Steel Billet, Black Sea: +1.9% Iran Steel Billet: +0.7% Iron ore: 0.6% Zinc: 0.3% Copper: -0.4% Selenium: -1.8% Ferro-vanadium: -9.1%
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…
#Zinc with a +4.9% surge together with +3.6% growth of Iron ore Concentrate and +3.3% in Turkey’s import Scrap was the market winners of the week. Sponge briquettes price was descending and Venezuela’s index has dropped -9.3% this week. South African ports’ Manganese ore price also had a -7% fall.
Hot-briquetted iron export, FOB (Venezuela): +7.5% Palladium: +3.5% Ferrochrome: (China): +3.2% Direct reduced iron (India): +1.7% Iron ore 66% Fe concentrates: +1%
Over $3.5 billion of mineral projects are going to be completed this year in Iran with the help of the private sector. Around 1300 million Tomans were received from the private companies investing in these projects till now. It is planned to activate small sized mines with the help of private companies.
Palladium: +1.9% Shanghai rebar: +0.9% Zinc: +0.3% Steel billet, FOB Black Sea: -0.3% Iron ore: -0.9% Shanghai Nickel: -3.7%
Iran mineral section allocates 21% of the non-oil exports of this country which worth about 9.2 billion dollars. Steel and its products as well as iron ore concentrate and pellets, copper and its products and cement are the most important export minerals of Iran. Last year a growth was seen in steel, coke, copper and…