Scenario: A steel mill purchases their spot physical iron ore at the portside market and agrees with their supplier to price the purchase based on the Argus portside index. In November 2021, the spot market is ¥650/wmt and the steel mill purchases 20,000 mt physical iron ore.
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The Plattsassessed Iron Ore Index, or IODEX, touched /dmt CFR China Aug. 21 but was largely rangebound between 100110/dmt CFR China earlier in August for delivered cargoes in the 28 weeks forward window, SP Global data showed. Platts IODEX was last higher on July 27 when it was assessed at /dmt.
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Foundry Iron. Mill scale is used as a source of iron for manufacture of iron and steel from scrap materials. The submerged arc furnace produces very little slag, which facilitates use of mill scale as reducing agents to produce alloy metal with very little slag and impurities. ... Mill scale prices change with the scrap, ore and steel markets ...
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China's iron ore imports in the first half of 2023 hit a record high for the period at million metric tons, % higher than a year ago, customs data showed. It could raise concerns for ...
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November 7, 2023 at 9:05 PM · 2 min read. (Bloomberg) Iron ore has reached "unreasonable" levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the state ...
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ClevelandCliffs Inc. has leased 2,600 acres of iron ore at the Nashwauk mine site in northern Minnesota, hopefully ending what one lawmaker called a "debacle" with the previous operators.
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The iron ore price climbed on Monday as improving profitability of steel mills and demand outlook in China lifted sentiment. Benchmark 62% Fe fines imported into Northern China rose %, to 132 ...
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Iron ore has reached "unreasonable" levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the statebacked firm trying to boost Beijing's sway over prices.
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Chinese Government pressure on steel mills and commodity trader is paying off as the iron ore price falls below 200 a ton. Chinese Government pressure on steel mills and commodity trader is ...
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Iron Ore Iron Ore Price + +% 01:22:00 PM EDT 11/6/2023 MI Indication Add to watchlist intraday 1w 1m 6m ytd 1y 3y 5y max Indicators MountainChart Iron Ore Snapshot...
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persisted since iron ore prices hit a decadelow average of /tonne in 2015. We forecast global mine output growth to average % over compared to % over the previous five years.
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Iron ore has reached "unreasonable" levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the statebacked firm trying to boost Beijing's sway over prices. Elevated costs are squeezing margins at steelmakers in the world's top producer, Guo Bin, President ...
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Iron Ore Price Chart (USD / Metric Ton) for the Last Year. Use this form to dynamically generate charts that show metal prices in the units of your choice and for the specified date range (if available). Simply select a metal and a unit to display the price. Lastly choose the number of days to show in your chart.
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Last week, there were signs that some steel mills were making a loss at cost level because iron ore and coking coal were rising at a time when downstream demand for steel was weak.
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Over the last month, the consensus earnings estimate for the fiscal year ending December 31, 2021, has increased % from per share to per share; there have been six upward revisions ...
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Iron ore futures in Singapore dropped to a tonne on Wednesday for December contracts after prices reached a sixmonth high above US126 a tonne on Monday following signs of...
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Mill owners are yet to see the 'strength in numbers' benefits from using a single agency of achieving lower prices, but are instead propping up the entity incurring extra costs with "fixed commissions". Go figure. Over in Singapore iron ore prices rose % to US/t by Monday afternoon, but fell back below US100/t yesterday.
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The most traded May iron ore contract on China's Dalian Commodity Exchange ended daytime trade % lower at 902 yuan () a tonne after earlier hitting yuan, its weakest since March 9.
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The production report from the world's iron ore miner came against the backdrop of sliding prices of the steelmaking commodity as top consumer China's strict COVID19 curbs and under ...
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Pressurized mill margins, loose sintering cuts during winter and stagnant iron ore and steel demand from exChina Asian markets were major reasons behind the pentup demand for lowalumina ore in Q4. Liquidity and prices for various Brazilian lowalumina fines on the seaborne market, especially those with discounts to the IODEX, only improved ...
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Nov 08, 2023 Qingdao Port (PB Fines %,CFR Equiv) (USD/dmt) Nov 08, 2023 Qingdao Port (Newman Fines %) (USD/mt) Nov 08, 2023 Qingdao Port (Newman Fines %,CFR Equiv) (USD/dmt) Nov 08, 2023
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Sep 20, 2023 The rally in the iron ore price since early August is in sync with a pickup in buying from Chinese steel mills who have been bolstering inventories from record low ...
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Analyst comment Having hit a threemonth high of /dmt July 25, the Platts IODEX 62% Fe iron ore price dropped to /dmt Aug. 8 on fading optimism around the outlook for China's economy.
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Others include India, Russia, Ukraine and South Africa. Iron Ore increased 9 USD/MT or % since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore values, historical data, forecasts and news updated on November of 2023.
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The price of iron ore contracts traded in Singapore ended at a metric tonne on Wednesday, up marginally on the day but also up % from the low this year of on May 5.
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A material supplier from Belgium would like to produce limestone powder for his custome...
India is rich in various mineral resources and it is an important mineral processing market
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