Iron ore prices have risen to US208.67 268.72 per tonne on Tuesday after reports of a potential easing of production cuts at Chinese steel mills.
May 12 2021 Meanwhile steel production in the rest of the world is recovering after posting a near 8 year-on-year decline in 2020. Iron ore prices have not only been pulled up by a strong demand and high steel prices but supply mostly from Brazil has also been constrained.
Apr 21 2021 Even at current iron ore prices steel mill margins are said to be very healthy. And the Chinese environmental restrictions that were curtailing production dont appear to be moving the dial.
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May 11 2021 As iron prices crest the US200 per tonne mark the possibility of any near-term collapse in those prices continues to fade. Iron ore futures closed overnight at US213.00t while at the Dalian Exchange in China the metals contracts rose on Monday by the daily limit although presumably could have gone even higher had that limit not been in place.
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Feb 25 2021 Earlier this month investment bank Credit Suisse forecast the price of iron ore reaching 150 in 2021. Two weeks later it had exceeded that and today is around 164. Thats the highest its been in nearly a decade.
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Iron ore processing depend mainly on the type of ROM ore feed and optimum product. Dry screening into lumps and fines is practised for high quality flaky ore and blue dust because if wet treatment is used a substantial part of good quality material is rejected in the form of slimes.
Jun 02 2021 Iron ore prices have bounced back above 200 per ton on reports that North Chinas steel hub Tangshan is contemplating easing restrictions on steel output at its mills.
Jun 02 2021 The Australian Bureau of Statistics reported iron ore achieved a record annual export revenue of 116 billion in 2020 making it the first commodity to break 100 billion in a boom year.
Jul 12 2021 All these units are suffering along with mills in other states in the wake of unprecedented iron ore pellet prices due to unhindered export of the mineral.
Jun 29 2021 In tandem with iron ore prices the Zacks Mining Iron industry has gained 119.9 in a years time outperforming the SampP 500 and the Basic Materials sectors rally of 40.4 and 46.7.
Aug 06 2021 Iron ore prices slid to their lowest levels since April overnight as speculation about Chinese steel production cuts delivered a hit to the Pilbaras big iron ore miners. Prices fell 7.7 to US169.30t according to CommBank while Fastmarkets saw them down US12.14 to US171.55t this morning after a 5.6 drop in Dalian futures on Thursday.
Jun 12 2021 Iron ore a critical ingredient in steelmaking is now fetching an eye-watering US217 a tonne after a week of sustained gains. That is more than double the price of what it was a year ago.