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DMT
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Eastern China Ferrous Scrap Stable on Rising Price
Dec 28, 2015After dropping for five consecutive weeks, ferrous scrap prices in eastern China remained stable for the second week following the recent increase in domestic rebar and seaborne iron ore prices. Platts assessed heavy melting scrap 6 mm ...
Tags: ferrous scrap, iron ore
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CISA Tells China Iron Ore Importers to Keep Close Eye on Steel Credit Crunch
Dec 18, 2015China's iron ore importers need to keep a close eye on the country's steel mills as they mull output cuts and shutdowns amid a year-end credit crunch, the China Iron and Steel Association said Thursday. Prices of iron ore derivatives ...
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Goldman Sachs Lowers 2017 Iron Ore Price Forecast $5/Dmt to $35/Dmt CFR China
Dec 18, 2015Investment bank Goldman Sachs late Wednesday lowered its iron ore price forecast for 2017 by $5/dmt to $35/dmt CFR China after a faster-than-expected softening in seaborne prices. "Iron ore prices have reached our $40/dmt forecast one ...
Tags: iron ore price, steel
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Iron Ore Majors Must Cut 'like It's 1994' to Halt Further Price Drop: Investec
Dec 16, 2015Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...
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Asian Iron Ore Prices Hit $44/Dmt, Lowest Recorded on Iodex
Nov 25, 2015Seaborne iron ore prices reached a new historic low Tuesday as the Platts 62% Fe Iron Ore Index, or IODEX, lost $0.75/dmt on the day to reach $44/dmt CFR North China. It is the lowest point the IODEX has been since Platts' began spot ...
Tags: Seaborne iron ore, steel, ore
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India Fomento to Ship Its 1st Iron Ore Since Mining Ban Nov 5-15: Sources
Nov 4, 2015West coast Indian miner Fomento Resources has offered a cargo of 57%-Fe iron ore fines material through a spot tender Thursday, making this the first iron ore shipment the miner will send out of Goa after the state's mining bans were ...
Tags: Fomento Resources, seaborne prices, Iron Ore
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China Sources 84% of H1 Iron Ore From Australia
Aug 1, 2015China's iron ore demand is falling, but its share of imports from mining giants Australia and Brazil is rising, which is squeezing smaller miners and curbing their supply. China imported 453.1 million mt of iron ore in January-June, with ...
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Indorama Agreed to Withdraw From Implementing The Acquisition of SASA
Jan 20, 2015Thailand based and global fibres and petrochemicals producer, Indorama Ventures (IVL) is pulling out of an agreement to acquire SASA Polyester Sanayi AS (SASA) in Turkey. In a Thailand stock exchange filing, Indorama said both sides have ...
Tags: DMT, staple fibers, filament yarns, Textile
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Fitch Ratings Has Affirmed Mining Company Samarco'S Rating at BBB
Aug 20, 2014International credit rating agency Fitch Ratings has affirmed mining company Samarco’s rating at BBB, with a stable perspective, it said recently. The rating is based on Samarco’s highly profitable operations, low-cost ...
Tags: Fitch Ratings, BBB, Energy
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Seaborne Iron Ore Prices Reversed Losses Tuesday
Jul 11, 2014Seaborne iron ore prices reversed losses Tuesday, as bullish expectations on Chinese economic performance provided stronger support for the steel raw material. Platts assessed the 62% Fe IODEX $0.75/dmt higher on day at $96/dmt CFR North ...
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The Futures and Swaps Markets Recovered Some Ground
Jun 23, 2014Despite weak fundamentals and largely negative sentiment, the futures and swaps markets recovered some ground through the day, leading to some support for ore prices. Platts assessed the 62% Fe Iron Ore Index up 50 cents from Monday at ...
Tags: steel rebar, ore prices
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Spot Prices of Iron Ore for Export From Iran Continued to Fall Because of Low Demand
Jun 13, 2014Spot prices of iron ore for export from Iran continued to fall because of low demand from China, industry sources said Sunday. Prices for 61-62% Fe magnetite fines slipped by $2/dry mt in the last week to $57/dmt FOB Bandar Abbas, south ...
Tags: Iron Ore, Chinese Demand
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Prices for Seaborne Iron Ore Tracked Stronger Restocking Needs by Buyers
Jun 6, 2014Prices for seaborne iron ore strengthened further Wednesday, tracking stronger restocking needs by buyers eager to procure raw materials when the market is recovering. Platts assessed the 62% Fe IODEX at $95/dry mt CFR North China, up ...
Tags: Iron Ore, steel square
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Axiall Will Increase Its US Liquid Caustic Soda Prices by $60/Dry St Effective July 1
May 30, 2014US petrochemical producer Axiall will increase its US liquid caustic soda prices by $60/dry st effective July 1, it said in a notice to customers Wednesday. In addition, the company is raising its caustic soda prices in Canada by ...
Tags: caustic soda, liquid caustic soda
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Seaborne Iron Ore Cended a Two-Day Rally and Dipped Again, Tracking a Withdrawal in Buying
May 27, 2014The seaborne iron ore cended a two-day rally and dipped again Friday, tracking a withdrawal in buying activity as the fast spike and current supply glut hit spot purchasing. Platts assessed the 62% Fe IODEX at $98.75/dmt CFR North China, ...
Tags: Iron Ore, Seaborne Seaborne
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