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China's steel mills hunt for high-grade iron ore to boost ...

2016-8-31 · Cashed-up Chinese steel mills are chasing top quality iron ore to help increase output and meet Beijing's tougher environmental standards, driving the premium for high-grade ore

Chinese steel mills delay iron ore restocking, eye cheaper ...

2019-3-1 · BEIJING (Reuters) - Chinese steel mills are slowing iron ore purchases and seeking cheaper alternatives to Australian supplies after a steep run-up in prices in February, five mill executives and...

Iron Ore Tumbles as China Steel Hub Warns Mills to

2021-5-14 · Iron ore’s slump from a record accelerated as China ramps up efforts to control a dizzying surge in prices. Futures in Dalian dropped the daily limit, while prices in Singapore tumbled 11% as ...

Iron ore quality premium widens to record amid China ...

2021-6-28 · LAUNCESTON, Australia (Reuters) -The spread between low- and high-grade iron ore has blown out to the highest on record in dollar terms, suggesting Chinese steel mills are

Iron ore miners struggle to boost output even as demand ...

The updates show how the leading iron ore miners are running a full tilt and are finding it difficult to add more tonnes to the market at a time of record demand from Chinese steel mills.

GRAPHIC-China steelmakers snap up high-grade iron ore

2021-4-26 · High-grade 65% iron ore currently costs $66.50 per tonne more than 58% iron ore and $33.50 more than 62% ore, according to data from SteelHome, but is still attractive for mills as their profit ...

Vale iron ore dam disaster may force China steel mills to ...

2019-2-11 · Chinese steel mills may be forced to modify the way they operate as a result of lower availability of higher grades of iron ore after the collapse of a dam at a mine owned by Brazil's Vale.

Steel producers willing to pay premium prices to secure ...

2021-4-12 · Fastmarkets has produced an in-depth report, ‘Understanding the high-grade iron ore market’, that takes a deep dive into the iron ore sector and its pricing dynamics.. Increasing demand. Higher grade iron ore is increasingly an in-demand product for steelmaking as it can streamline the process, increase steel quality, and reduce airborne emissions such as carbon dioxide and fine particles.

Steel Mills’ accord to buy Balochistan’s iron ore ...

2008-1-28 · According to one assessment, iron ores found at Nokkundi and Chaghi have 64 per cent content of iron. Investments can be made for producing sponge iron by direct reduction process using iron ores...

Iron ore crunch chokes Bengal steel mills - Telegraph India

2020-11-24 · The units in Bengal are the worst affected. The state, which does not have iron ore mines unlike neighbouring Odisha and Jharkhand, sources about 2 million tonnes ore monthly. Mill owners say supplies have come down to half and they fear it would slide down further.

Chinese mills shift iron ore procurement preference; JMBF ...

2021-4-15 · "Mills are looking to increase the overall ferrous level of the sinter going into blast furnaces to ramp up pig iron production," a Chinese trader source said. Such shift in mills' blending requirements also leads to increasing spot supply of seaborne Australian iron ore fines cargoes with lower ferrous content.

China mills preferring lower Fe iron ore to achieve cuts ...

2021-7-30 · As steel demand slows for summer and Beijing ups the pressure for output cuts, China’s blast furnace steelmakers are consuming more mainstream imported iron ore fines such as Jimblebar Fines, Super Special Fines, Yandi Fines, FMG Blend Fines and Mac Fines whose Fe grades are below 61%, market sources noted on Friday. This is making prices of these ores appear more resilient than

Why iron-ore prices are on track to suffer their largest ...

2021-8-20 · Iron-ore prices touched record highs this year, but look to suffer their biggest monthly loss ever as China’s curbs on carbon emissions include limits on the output of steel, hurting demand for ...

Iron Ore Tumbles as China Steel Hub Warns Mills to

2021-5-14 · Iron ore on the Singapore Exchange sank as much as 11% to $187.10 a ton, before trading at $194.30 by 2:19 p.m. local time. Prices had touched a record $233.75 on Wednesday. Futures in Dalian closed 3.6% lower, extending Thursday’s 9% decline. “Prices have already reached a peak level from a medium- and long-term perspective,” Huatai ...

Iron ore price soars to a record high as China’s steel ...

2021-4-28 · The price of iron ore, Australia’s biggest export, has surged to an all-time high as aggressive, infrastructure-focused stimulus programs in China fuel booming demand for the key steel-making ...

Steel producers willing to pay premium prices to secure ...

2021-4-12 · Fastmarkets has produced an in-depth report, ‘Understanding the high-grade iron ore market’, that takes a deep dive into the iron ore sector and its pricing dynamics.. Increasing demand. Higher grade iron ore is increasingly an in-demand product for steelmaking as it can streamline the process, increase steel quality, and reduce airborne emissions such as carbon dioxide and fine particles.

Chinese move to cool iron ore may be no bad thing

2021-5-23 · Chinese move to cool iron ore may be no bad thing. Chinese steel mills expect their government to try to slow surging steel demand. But that might give Australian iron ore

The iron ore price is in freefall. What happens next ...

2021-8-6 · Iron ore prices slid to their lowest levels since April overnight, as speculation about Chinese steel production cuts delivered a hit to the Pilbara’s big iron ore miners. Prices fell 7.7% to US$169.30/t according to CommBank, while Fastmarkets saw them down US12.14 to US$171.55/t this morning after a 5.6% drop in Dalian futures on Thursday.

Demand for high grade iron ore is stronger than ever and ...

2021-7-20 · Iron ore falling off a cliff? Hold your horses, say the folks at Goldman Sachs and head of base metals and bulks research Nicholas Snowdon of “copper is the new oil” fame.. Snowdon told delegates at last week’s Singapore Iron Ore Forum it will not be

Iron ore bear market mauls Fortescue and friends -

2021-8-2 · Iron ore bear market mauls Fortescue and friends This is why the ASX iron ore majors are underperforming today. The Fortescue share price lost 2.1% to $24.40 at the time of writing.

China mills preferring lower Fe iron ore to achieve cuts ...

2021-7-30 · As steel demand slows for summer and Beijing ups the pressure for output cuts, China’s blast furnace steelmakers are consuming more mainstream imported iron ore fines such as Jimblebar Fines, Super Special Fines, Yandi Fines, FMG Blend Fines and Mac Fines whose Fe grades are below 61%, market sources noted on Friday. This is making prices of these ores appear more resilient than

BI-WEEKLY: China mills’ iron ore stocks, use both rise ...

2021-7-16 · Stocks of imported iron ore sintering fines at the 64 Chinese steel mills under Mysteel’s regular survey reversed up over July 1-14 after having declined since late May. The steelmakers’ daily consumption of fines also picked up during the same period.

Iron Ore Rebounds As China Mills Churn Out Steel At

2021-5-17 · Iron ore rocketed higher in the early part of last week, prompting the authorities to crackdown further on the steel sector. Steel mills from Tangshan to Shanghai were warned not to fabricate or spread price hike information after Premier Li Keqiang urged the nation to deal with surging prices.

Dalian iron ore futures jump as Tangshan mills resume ...

Benchmark iron ore futures in China jumped more than 5% on Monday, fuelled by rising demand as mills in steel hub Tangshan resumed production after the country’s party centenary. Steel output at ...

Why iron-ore prices are on track to suffer their largest ...

2021-8-20 · Iron-ore prices touched record highs this year, but look to suffer their biggest monthly loss ever as China’s curbs on carbon emissions include limits on the output of steel, hurting demand for ...

IRON ORE1 - USGS

2021-2-4 · IRON ORE. 1 (Data in thousand metric tons, usable ore, unless otherwise noted) Domestic Production and Use: In 2020, mines in Michigan and Minnesota shipped 98% of the usable iron ore products, which were consumed in the steel industry in the United States with an estimated value of $4.1 billion, a decrease from $4.4 billion in 2019.

Iron Ore Leads Industrial-Metals Rally in Bet on Demand ...

2021-8-24 · Iron ore in Singapore closed 9.1% higher at $148.10, and was up 2% in the overnight session. Futures in Dalian closed 8% higher. Rebar and hot-rolled coil climbed over 2.5% in Shanghai.

Iron ore posts biggest single day fall... EVER. Where is ...

2 天前 · It powers Australia’s economic engine room, but iron ore is sputtering after the spot price recorded its biggest single day drop on Friday since index pricing began. Fastmarkets saw iron ore prices for benchmark 62% fines to northern China drop a dramatic US$20.73 to $132.66. The other major index the S&P Global Platts index had prices to a ...

How Australia’s iron ore price crash will affect the economy

2021-8-23 · How Australia’s iron ore price crash will affect the economy. China’s crackdown on steel production, among other policies, is starting to bite which could mean billions being lost from ...

Iron ore bear market mauls Fortescue and friends -

2021-8-2 · Iron ore bear market mauls Fortescue and friends This is why the ASX iron ore majors are underperforming today. The Fortescue share price lost 2.1% to $24.40 at the time of writing.

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