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…
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 $600/MT,…
Steel market resists and the prices are firm. Though US dollar rate in free market has reduced, the steel demand is yet strong and avoids prices to fall. But we should wait and see what the steel outlook is in future. Iran steel is demanded strongly not only in domestic market but also surrounding countries.…
Index for steel in global markets follows the fall of iron ore market.
Price difference between Iran’s billet on FOB term and #billet of #CIS has reduced to 17$ from 55$ on January! Due to the #US_sanctions against Iran, 17$ difference is acceptable. Last week the #steel_price of Iran in export markets was reported firm. #Iranian_steelmakers have fully booked for October shipments and are in negotiations for November…
