Domestic iron ore concentrate prices in north China's Hebei province have declined further by an average 5.7% or Yuan 55/dmt ($11) over the week, in response to both lower domestic steel prices as well as weakening imported iron ore prices, ...
Tags: Iron Ore, Concentrate Prices
Spot Asian coking coal prices moved sideways Monday as ominous signals from the Chinese steel industry, nagging concerns about lower costs and abundant supplies hurt trading sentiment. Lower domestic prices continued to be used as a key ...
Tags: coking coal, domestic prices
The seaborne iron ore market ended a brief two days of gains Thursday as buying activity failed to hold up. Platts assessed the 62% Fe Iron Ore Index at $103.25/dry mt CFR North China Thursday, down 75 cents/dmt on the day. Despite spot ...
Tags: Iron Ore Market, Iron Ore
Diversified iron ore developer London Mining said Monday it produced 900,000 mt of iron ore from the Marampa operation in Sierra Leone in the first quarter, up 17% from Q4 2013, while it looked for a minority investor to help it cope with ...
Tags: Iron Ore, London Mining
The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. ...
Tags: Iron Ore, Interest Resurfaces, spot market
Iron ore prices are likely to drop to $115/dry mt CFR China this year, lower than Q1's $120.68/dmt average, forcing as much as 70-80 million mt/year of high-cost Chinese supplies to shut, Standard Bank said Monday. Iron ore reference ...
Tags: Iron Ore, iron ore demand
While current traded prices for L8 and L10 steelmaking pig iron in northern China's Hebei province have slipped since March 3, the market is likely to see higher traded values in the coming weeks with some offers seen rising by as much as ...
Tags: Pig Iron, steel mills, Iron
Norway-focused iron ore miner Northern Iron said Tuesday concentrate produced at Sydvaranger was being trialed at further sinter plants in Europe, after inaugural cargoes were bought by ArcelorMital and ThyssenKrupp in 2013. Northern Iron ...
Trader procurement continued to boost spot demand in the Asian iron ore market, as trades got concluded at increasingly higher levels on the day, supporting a firming market. The Platts 62% Fe Iron Ore Index rose $2.75/dmt to $111.50/dmt ...
Tags: Iron Ore Market, spot demand, steelmaker
Recent declines in the price of iron ore have not disrupted contractual commitments with customers, a senior Rio Tinto official said Tuesday. "We haven't seen any impact in shipping commitments," said Andrew Harding, Rio Tinto's chief ...
Iron ore blast furnace pellet premiums rose further in March as some steelmakers were said to have agreed quarterly pricing for Q1 around the low $40s/dry mt, and leave open the opportunity to renegotiate for lower pricing later this year. ...
Tags: Iron Ore, Pellet premiums
Iron ore prices could continue to trade above $130/dry mt CFR North China in the first quarter of 2014, after higher-than-expected steel production in China supported them last year, Macquarie analysts said Thursday. "We believe Q1 2014 ...
Tags: Iron Ore
The China Iron&Steel Association will start publishing a daily iron ore price index from January next year,a CISA official said Friday. But the index was expected to have little impact on trading or prices,market sources said Friday. It ...
Tags: China Iron&Steel Association, daily iron ore price index, iron ore
London Mining (LM) saw a considerable year-on-year increase of 250% in third-quarter iron ore concentrate output from its Marampa mine in Sierra Leone to 948,000 wet mt, according to the company's production report. However, compared with ...
Tags: London Mining, Mineral, iron ore
Australian iron ore miner Fortescue Metals Group announced today, October 17, that its iron ore shipments in the third quarter of this year, totaling 25.9 million mt, indicate a year-on-year increase of 61 percent and a rise of four percent ...
Tags: Iron Ore, Metallurgy, Mineral, Energy