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Prices ease as China mills' iron ore pellet use falls. China's integrated steelmakers have reduced the ratio of iron ore pellet feeds in their blast furnaces as a means of cutting production costs, the strategy behind the gradual decline in pellet prices, market sources remarked on Wednesday.
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The rally in iron ore may have ended as its prices have dropped by over 65 per cent since the peak witnessed in May this year on weak industrial demand, mainly in China where steel production is ...
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Iron ore prices have rebounded this month, with the benchmark 62% grade in China's physical market touching $120 a tonne on Friday, also a seven-week high, SteelHome consultancy data showed.
Spot prices of iron ore with 62per cent iron content for delivery to China rose US$4 to US$95.5 a tonne on Monday, according to SteelHome consultancy. Other steelmaking ingredients also increased.
The iron ore price rose on Thursday fuelled by hopes of recovering steel production in China after stringent curbs in the first 11 months of the year. The world's top steel producer churned out ...
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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, a barometer for the Chinese economy and driver of the Australian dollar, is probably having its wildest year ever. Prices jumped to a record above US$230 (S$313) a tonne in May, crashed ...
Iron ore extended its storming rebound from an 18-month low as moves in China to support its embattled real estate sector bolstered the demand outlook. Futures in Singapore have climbed more than ...
The price for port stocks and seaborne cargoes of imported iron ore in China rose further on Friday, New Year's Eve, as 2021 drew ... Dec 31, 2021. CAMU: China's steel scrap usage at 230 mln t in 2021. China's steelmakers are estimated to have consumed 230 million tonnes of steel scrap this year, with total steel scrap resources r... Dec 31, 2021
The price of spot iron ore for delivery to north China, as assessed by commodity price reporting agency Argus, slumped 22.2% from the previous week to end at $100.45 a tonne on Sept. 17. The ...
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China's daily crude steel output declined for a sixth consecutive month in October, dropping 4.9 per cent to a near four-year low, the China Iron …
China's steel industry body demanded an explanation from BHP about the surging cost of iron ore in December last year, before prices went on to reach a record high of US$230 per tonne in May.
The price of steel has climbed all year; according to one index, the futures price for one ton of hot-rolled coil steel is roughly $1,923, …
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28 November 2021, 11:46 pm · 1-min read. (Bloomberg) -- Iron ore futures in Singapore jumped nearly 10% as optimism over a bout of restocking by China's steel mills added to tailwinds from the risk-on mood in global markets. Most Read from Bloomberg. China Cash Flowed Through Congo Bank to Former President's Cronies.
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In the first quarter, China's imports of iron ore reached 283 million tons, up 8 percent year-on-year, while the import price averaged $150.79 per ton, up 64.5 percent year-on-year, according to ...
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