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China, which makes 57% of the world's steel, plans to shrink its output this year—which means that chronic shortages of new cars and other products are likely to continue into the near future.
China's daily crude steel output declined for a sixth consecutive month in October, dropping 4.9 per cent to a near four-year low, the China Iron and Steel Association reported on Tuesday.
Iron ore accounts for close to half of steel's production cost; the price has risen by over 40% in the year to 12 May 2021, against a 20% rise in the cost of steel products during the same period. Production restrictions in Hebei province are also playing a large role in the rally.
DAILY: China's imported iron ore prices keep declining Nov 10, 2021. China's imported iron ore prices for both seaborne cargoes and port stocks continued to decline on November 10, affected by the sustaining weak inquiries. CAAM: China auto sales fall 9% YoY in October Nov 10, 2021
Seaborne iron ore prices mostly stable on weak demand from China's steelmakers. Seaborne iron ore prices were mostly stable on Monday November 8 amid continuing weak demand from Chinese steel mills, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $93.82 per tonne, up $0.68 per tonne 62% Fe low-alumina fines ...
Tumbling iron ore prices are on track to wipe almost $3 billion from federal coffers this financial year, as China's property market woes weaken demand for the steel-making ingredient while ...
Iron ore price rally is over, prices to follow multi-year downtrend — report. The iron ore price rally has ended with prices dropped to levels below what Fitch Solutions forecasted, the market ...
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Iron ore hits 10-month low as China heaps pressure on steel mills. Alex ... A fresh round of steel production curbs in the Chinese province of Yunnan has pushed the iron ore spot price to the ...
Bulk Iron Ore Prices Storm Past $100. Bloomberg. Total Views: 9575 ... Iron ore's roller-coaster ride in 2021 shows no signs of easing, ... The biggest problem for China's mills is uncertainty ...
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Surging volatility in China's iron ore futures is sending global prices on a roller-coaster ride, spelling risks for traders and steel mills, some of whom are losing faith in a market swayed by ...
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Iron ore price China s plan to hurt Australia s exports . 2021 6 12 Over 2020 China bought 81 per cent of all the iron ore Australia shipped overseas. The export brings in about 136 billion to Australia s economy a year and is by far Australia s largest and . Chat Online; China Mining Equipment Iron …
Iron ore prices down, mills step up furnace maintenance in north China. Seaborne iron ore prices edged lower on Friday November 12, after more steel mills took the opportunity to carry out blast furnace maintenance after margins tightened significantly over the …
The iron ore price is widely viewed as a barometer for the health of Chinese economy as such as large chunk of global iron ore demand is consumed by China (as highlighted in the UBS graph above). There has been some concerns amongst global investors about the slowing of the Chinese economy as its Government maintains a tight monetary policy stance.
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Bahrain's iron ore pellet export volume declined 42.34% MoM in May 2021 [09-17] Canada's cast iron pipe import volume grew 161.15% YoY in May 2021 [09-17] Japan's agglomerated iron ore import volume grew 32.89% YoY in Jun 2021 [09-17] Turkey's iron ore concentrate import volume declined 25.71% YoY in May 2021 [09-17] South Korea's iron ore ...
Chinese iron ore prices have certainly been on a roller coaster ride this year, hitting a record high in value terms after a period in which the price had risen and fallen sharply.
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Iron ore price falls on China demand worries. The most-traded January iron ore contract on China's Dalian Commodity Exchange ended daytime trading …
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Extended rolling mill closures smash China steel billet prices. Reduced operations at steel rerolling mills in several key cities across China have hurt prices for steel billet in China's local and import markets, sources said on Thursday October 21. The northern Chinese steelmaking hub Tangshan ordered rerolling mills in its Fengrun district ...
The "roller coaster" of steel prices has increased the shipbuilding industry's risks sharply. On September 23, China Iron and Steel Association and China Association of the National Shipbuilding Industry formally signed a strategic cooperation agreement, forming a long-term and stable cooperative relationship and achieve mutual benefit and win-win results.
Iron-ore's roller-coaster ride in 2021 shows no signs of easing, with prices ending an unprecedented slump to move sharply higher as investors monitor simmering debt …
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