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 ($99.3)! The restrictions in Vale as well as the early October holiday in China caused the iron ore price to increase.…
Steel market resists and the prices are firm. Though US dollar rate in free market has reduced, the steel demand is yet strong and avoids prices to fall. But we should wait and see what the steel outlook is in future. Iran steel is demanded strongly not only in domestic market but also surrounding countries.…
Price difference between Iran’s billet on FOB term and #billet of #CIS has reduced to 17$ 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…
