Fundies fret over peak iron ore. A sharp fall in the iron ore price, as China tries to jawbone down the cost of commodities, has fund managers on tenterhooks about whether the price of Australia
WhatsAppGet PriceGet A QuoteIron ore prices slump on Tuesday amid weak demand outlook. Seaborne iron ore prices fell on Tuesday November 2 due to weak demand outlook caused by narrowing steel margins and ongoing sintering restrictions, sources told Fastmarkets. Fastmarkets iron ore indices. 62% Fe fines, cfr Qingdao: $95.77 per tonne, down $7.66 per tonne.
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WhatsAppGet PriceGet A QuoteIron ore is the key raw material for steel production enterprises. Generally, iron ore with a grade of less than 50% needs to be processed before smelting and utilization. After crushing, grinding, magnetic separation, flotation, and gravity separation, etc., iron is gradually selected from the natural iron ore.
WhatsAppGet PriceGet A QuoteSteel prices in the country have come down in the last week of August amid a marginal fall in domestic and international iron ore prices and slower demand, but steelmakers expect rates to firm up soon on increased demand. The benchmark hot-rolled coil (HRC) prices have come down by Rs 1,000, quoting around Rs 66,800-67,000 a tonne, down from Rs 68,000 in mid-August, industry watchers said.
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WhatsAppGet PriceGet A QuoteBenchmark 62%-grade iron ore''s spot price in China jumped to $100.50 a tonne on Wednesday, also the strongest since Nov. 2, according to SteelHome consultancy data. SH-CCN-IRNOR62
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WhatsAppGet PriceGet A QuoteThe peak of capital expenditure of iron ore projects of the four major mines occurred from 2012 to 2013, and the peak of capital expenditure is 3 to 5 years ahead of the peak of output increment. Therefore, the peak of output increment of the four major mines corresponded from 2015 to 2018.
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WhatsAppGet PriceGet A QuoteHigh-grade 65% iron ore , as assessed by commodity price reporting agency Argus, ended at $111.35 a tonne on Monday, down 58.1% from its all-time high of $265.80 on May 12. The 62% grade was at
WhatsAppGet PriceGet A QuoteIron ore prices have slumped more than 50% from their peak in May on China’s pledge to cap annual steel volumes, Bloomberg reported earlier this month. International and domestic prices are linked to one another. “Domestic iron ore prices directionally follow international trends eventually, although they rule at a discount compared to
WhatsAppGet PriceGet A QuoteDalian iron ore, however, marked its first quarterly loss in two years and third consecutive monthly decline, having tumbled 42% since hitting a record peak in mid-May.
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WhatsAppGet PriceGet A QuoteDalian iron ore price hits 3-week peak on demand optimism. The iron ore price continued to rise on Thursday, buoyed by improved sentiment towards China’s property sector. The most-traded January
WhatsAppGet PriceGet A QuoteConversely, when iron ore prices started rallying from their coronavirus lows as China ramped up stimulus spending to boost the economy, it was the 58% grade that outperformed. It jumped 203.4% from its 2020 nadir of $68.25 a tonne to the peak in May this year, while the 62% grade chalked up a gain of 196% and 65% ore rose 181.3%.
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WhatsAppGet PriceGet A QuoteIron-ore prices have surged to around $110 per ton — levels last seen August 2019. The steel making commodity has gained 17% year to date, stoked by apprehensions of a supply crunch owing to the
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