The high-grade Brazilian index (65% Fe fines) also advanced to a record high of $263.00 a tonne. The Dalian Commodity Exchange said it would raise trading limits and margin requirements for iron ...
China's iron ore demand will likely be supported in the near term by the reopening of construction sites following the Lunar New Year break, and the associated …
Iron ore has rallied above $120/t at the start of 2023, rising by more than 50% from the lows of just under $80/t in early November 2022, with China driving prices higher.
Iron ore futures prices slid on Monday after some investors and traders liquidated long positions to cash in profits on bets of faltering consumption amid seasonally slack steel demand in top consumer China.
The iron ore price reached a four-week high on Thursday bolstered by rebounding steel margins in China and hopes of solid economic recovery for the world's …
As iron ore prices surged above US$140/t late last year Chinese buyers zeroed in on one of a handful of development-ready assets in the Pilbara, offering top dollar to mop up two small mines which ...
Iron ore crumbled below $100 a ton as a policy meeting in China failed to deliver major stimulus, while supplies stayed strong. The steelmaking material slid as …
One Chinese steel insider reportedly sees steel demand dropping to 750-800 million tonnes per annum (Mtpa) in the next five to 10 years. And as China shifts …
Iron ore futures prices lost further ground on Thursday, weighed by strong global supply and top consumer China's persistently weak steel market, although hints …
China's iron ore imports in March rose about 0.5% from a year earlier, customs data showed on Friday, amid expectations that demand will pick up after the Lunar New Year holiday break as ...
China's iron ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of …
A new state-owned company called China Mineral Resources Group is poised to become the world's biggest iron ore buyer as soon as next year, when it will begin consolidating purchases on behalf of about 20 of the largest Chinese steelmakers including leader China Baowu Steel Group Corp., according to people familiar with the …
China's "Foundation Plan" for iron ore has gained much official support, and is aimed at reducing reliance on foreign sources of iron, including Africa and Australia. The only way to do this effectively is …
Iron ore futures rose on Thursday, helped by higher hot metal output data, even as traders preferred to take a watchful stance ahead of the upcoming holiday break starting from Sept. 29 in top ...
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) fell for a fifth straight session to close daytime trade with a loss of 1.55% to 764.5 yuan ($105.50) a ...
Despite negative steel production margins, Chinese steel mills ran high operation rates for blast furnaces, which supported iron ore demand. Total crude steel output from January to September was at 795 million mt, up 1.7% year on year, according to China Iron and Steel Association.
China's apparent steel consumption (which takes into account net exports, but ignores changes in inventory etc.) was down nearly -5% in the first five months of …
BEIJING (Reuters) -China's iron ore imports in March rose about 0.5% from a year earlier, customs data showed on Friday, amid expectations that demand will pick up after the Lunar New Year holiday ...
The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 5.35% higher at 827 yuan ($114.87) a metric ton, the highest since March 13.
On the supply side, data from Brazil — the largest iron ore exporter after Australia — showed daily average shipments reached 1.62 million tons in the first 15 business days of July, a faster ...
Southeast Asian LNG hits over 10-month low versus JKM on strong selling interest. ... China's iron ore demand will likely be supported in the near term by the reopening of construction sites following the Lunar New Year break, and the associated increase in consumption of steel, amid warmer weather in the spring, market sources …
The changing nature of China's commodity demand is neatly encapsulated by the latest results of BHP Group, the world's biggest mining company and a major supplier to the top global buyer of iron ...
The iron ore price tumbled on Wednesday to its lowest since the first week of December, as worries grow about an oversupply of steel in China. According to …
The delays are occurring as Fortescue is negotiating a 2024 procurement deal with state iron ore buyer China Mineral Resources Group (CMRG), which was set up in July 2022 to centralise purchasing ...
The most-traded May iron ore on China's Dalian Commodity Exchange rose 0.5% to 985.5 yuan ($137.93) per metric ton at closing, headed for the second consecutive year of gains.
The price drop has largely been caused by a drop off in steelmaking in China, the top consumer of iron ore. China's Dalian Commodity Exchange (DCE), the most-traded May iron ore contract, …
China's iron ore imports in 2021 and 2022 fell 3.9% and 1.5% year-on-year, respectively. There were no caps on steel output in 2023, however, with the world's second-largest economy struggling ...
The cost of US$ 179.90 in August 2011 could not break above the all-time-high of US$ 185.60 (Jan 2011), which then indicated a new price trend. ... China's iron ore demand: Due to China's growing economy, they needed more steel for export and their economy. Since iron ore is required to produce metals such as steel and the high …
The benchmark May iron ore on the Singapore Exchange was 0.13% higher at $118.45 a ton, as of 0728 GMT. The Dalian contract posted a weekly gain of 2% and the Singapore benchmark has risen 1.7% so ...
