Aluminum stocks of Shanghai, SHFE and LME respectively decreased 4.5%, 5.5% and 1.0% WOW. Copper stock of LME fell 2.3% while U.S. and SHFE respectively increased 4% and 4.8% WOW. Zink stocks of LME, Shanghai and SHFE declined respectively 6.9%, 5.8% and 3.6% WOW. Rebar stocks of SHFE dropped 56% which will stimulate the steel…
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…
Automobile is one the major industries demanding steel globally. So investigation of car industry can help analyst to predict steel market! A report was published in World Steel website, analyzing why automobile industry is strongly demanding steel: Strong but cost effective: steel in comparison with aluminum and some compact plastics is stronger and also more…
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 ($99.3)! The restrictions in Vale as well as the early October holiday in China caused the iron ore price to increase.…
According to WordSteel, the global steel demand will decrease from +4.2% on 2019 to +1.9% on 2020. If China be excluded from the calculations, steel demand improves from +0.7% to +2.7%. Iran steel demand has reduced 5.5% on 2019 because it was expected that GDP decreases 6.2%! However it seems that Iran steel market will…
Iranian export iron ore price raised 3$ 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 $600/MT,…
The prices show 36% weekly growth for low grade iron ores. Iranian concentrate 66% increased to 65.9$ (+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.
Coal concentrate production of Iran has risen 78.7% in last five years, the highest growth between Iran minerals! On the other hand, aluminum ingot with a 1.8% growth had the lowest improvement. 921,500 MT of coal concentrates were produced 5 years ago in Iran which had increased to 1,647,000 MT last year. Moreover 15,480,000 MT…
Mobarakeh Steel Company of Iran increased steel production and significantly helped to boost Iran steel output ranking in the world. Last year it was the biggest steel producer of the region and the 47 top producer of the globe. The flat steel products of this company increased from 3.3 million MT on 2015 to 5.8…
