Iron Ore Prices Today

Iron Ore Prices Today. Prices for iron ore cargoes with a 635 iron content for delivery into Tianjin dropped below 150 a tonne in the second half of August the lowest level since December amid falling demand rising stocks and curbs on steel production in China. First it will hurt shareholders because of reduced profits he told Sky News Australia. Iron ore fell to a low of 13002 a tonne on Aug.

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PBF at Shandong port quoted as 1110-1120yuanmt in the morning down 40yuanmt over yesterdays deal price.

52 week range 16444 - 21180. Iron ore inventories at 45 Chinese ports increased by 260000 tonnes to 127 million tonnes in the 2nd week of August data from Mysteel consultancy. Benchmark iron ore prices with 62 iron content in August have tumbled roughly 26 to trade above 156 per metric ton driving to levels not seen.

When economies are growing the need for steel in construction increases which drives the price up. A marginal drop in NMDC ore prices in July has not yielded much for the secondary producers said industry executives. In todays edition of Moneycontrol Pro Panorama.

Steel production cutbacks in Chinas blast furnacebasic oxygen furnace BFBOF steel industry sector are being cited as the lead factor in falling iron ore prices. Iron Ore 62 Fe CFR China TSI Swa. Although DCE iron ore futures tend to be better since todays performance the spot price still continue to decrease.

1 day agoThe sharp drop in global iron ore prices is yet to completely reflect in the domestic market. Second it frankly hurt federal revenues when were not really pushing down the Australian. While prices are not likely to remain above 200 per ton there wont be a collapse and they could hover between 100 to 150 per ton analysts at the Singapore Iron Ore Forum said.

Although DCE iron ore futures tend to be better since todays performance the. Iron Ore Prices News and Analysis. 17 hours agoCrack in iron ore prices exposes chink in steel sector valuations.

Global economic growth is the primary factor that drives its supply and demand. Iron ore and steel prices in several regions around the world have been falling in August potentially signaling some softness in what has been a historically pricey ferrous scrap market. MMi Daily Iron Ore Report August 20 DCE iron ore futures closed slightly higher than yesterday although it hit the lowest 735 during trading period.

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