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Stocks are down 252,400 mt or 3.9% from a year earlier, compared to a gain of 5.3% in the previous week. SMM data showed that HRC stocks across social warehouses and steel makers declined 54,900 mt or 1.70% on the week, but rose 1.64% from a year ago, to 3.17 million mt in the week ended December 2.
Iron ore stocks fell sharply on Wednesday as analysts noted China's steel mills were under pressure to maintain profit margins due to bans on Australian metallurgical coal, flagging a potential ...
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"These very, very high levels of Chinese steel production continue to generate very, very high levels of demand for iron ore." As the price falls, China's iron ore imports have surged. Data released in recent days shows China imported 97.5 million tones of iron ore in August, up 10% from July.
The China Iron & Steel Association (CISA) disclosed the details of the new official list of iron ore importers at a meeting held on Monday. According to the new list, the number of qualified iron ore importers has been been reduced from the previous 118 to 112. Of this figure, 70 are steel mills while 42 are iron ore traders.
China announces new list of iron ore importers. 25/09/2007 The China Iron Steel Association (CISA) disclosed the details of the new official list of iron ore importers at a meeting held on Monday. According to the new list, the number of qualified iron ore importers has been been reduced from the previous 118 to 112.
List of Iron Ore Companies in China - Company List. List of Iron Ore Companies in China . Suppliers, Distributors, Manufacturers, Importer. Include Maison Henry, Shanghai Link Trading Co Ltd, ShanXi Sunshine Glassware .Major steel mills in N. China resume operations with 70% ..., Increased production capacity at the steel mills boosted iron ore prices on Monday.
Iron ore: China's steel mills are preparing for easing of production cuts Dec 1, 2021 Nov 30, 2021 admin 0 Comments Iron ore Rumour that China's steel mills are preparing for an easing of production cuts as soon as next month sent iron ore prices surging as traders positioned for an approaching inflection point in the country's steel output.
Rising steel prices and surging demand in China aren't helping the profits of steel mills, which are grappling with surging iron ore prices amid a post-virus economic recovery, Chinese analysts ...
On December 27, inventory of iron ore at 33 major Chinese ports amounted to 145.26 million mt, down 0.95 percent compared to December 20, as announced by China's Xinhua News Agency. During the week ending December 27, import iron ore prices increased mainly amid expectations of a demand improvement.
With China churning out 946.36 million tonnes of crude steel during January-November, down 2.6% from the year-ago period, there is scope for mills to ramp up production as the target is to limit ...
Chinese steel mills agreed to pay more for domestic iron ore concentrates over June 15-19 amid low stocks at their plants, with the price rising by Yuan 10-40/tonne ($1.4-5.7/t) on week, according to Mysteel's weekly survey. Concentrate prices remained competitive compared with prices of imported iron ore, Mysteel Global learned.
The Australian iron ore industry had been built to primarily supply Japanese steel mills, but when China arrived on the scene in the 1980s, it expanded quickly to meet the new, enormous demand.
The latest crackdown comes amid a nationwide push to cap steel output growth this year at 2020 levels. An acceleration in steel production curbs in recent weeks has weighed heavily on the iron ore ...
Iron ore extended its storming rebound from an 18-month low as moves in China to support its embattled real estate sector bolstered the demand outlook. Futures in Singapore have climbed more than ...
Higher Fe grade iron ore demand picks up in China Dec 24, 2021. China's steelmaking raw materials market has seen the demand for medium- to higher Fe grade iron ore products gradually recover recently amid the improved margins that mills are earning, according to market sources on Friday.
1:26 AM China imported iron ore spot price in Qingdao port on 28 December 2021; 1:26 AM China imported iron ore spot price in Jingtang port on 28 December 2021; 1:26 AM Premium between iron ore lumpy and pellet on 27 December 2021; 1:15 AM Iron ore platform trading data in China on 28 December 2021; Dec 27 Iron ore platts index on 27 …
WEEKLY: China zinc price retreats after hitting 1-m high Dec 29, 2021. On December 23, China's national price of zinc ingot (at least 99.995%) under Mysteel's assessment surged to a one-month high of Yuan 24,558/tonne ($3,855/t) including 13% VAT, though the price later retreated to Yuan 24,140/t as of December 28.
By 2008 raw materials such as Iron ore prices grew and China had to reluctantly agree to price increases by the three largest iron ore producers in the world; BHP, Rio Tinto and Vale. During the Global financial crisis the Chinese steel mills won price reprieves as demand from their customers slowed.
22 Resumptions at mills spur iron ore demand and prices. Seaborne iron ore prices reversed up on Thursday December 30 after an increase in the volume of steel products in the week ended December 30, sources told Fastmarkets. Fastmarkets iron ore indices. 62% Fe fines, cfr Qingdao: $119.28 per tonne, up $0.98 per tonne.
Over December 16-29, daily consumption of imported iron ore sintering fines at the 64 Chinese steelmakers under Mysteel's survey declined further, mainly due to the ongoing production curbs among many steel producers in North China. Meanwhile, sintering fines stocks at the surveyed mills increased.
Iron ore on the Singapore Exchange sank as much as 11% to $187.10 a ton, before trading at $194.30 by 2:19 p.m. local time. Prices had touched a record $233.75 on Wednesday. Futures in Dalian closed 3.6% lower, extending Thursday's 9% decline. "Prices have already reached a peak level from a medium- and long-term perspective," Huatai ...
Iron ore in Singapore jumped as much as 4% to $129.45 a ton, the highest since mid-October. Iron ore extended its storming rebound from an 18-month low as moves in China to support its embattled ...
The Chinese steel industry at a crossroads. RoW China Mt 9 Iron Ore Imports: China vs RoW China is the only driver in global iron ore market Global iron ore trade increased by 1020 Mt in the past 15 years, of which 94% or 950 Mt from China, while RoW's iron ore imports grew by only 15% or 65 Mt More than 95% of China's new steel capacities are BF …
Iron ore company list, 393, in China, include Guangdong,Zhejiang,Shandong,Jiangsu,Shanghai,Fujian .
This compared with a spot deal at a premium of $2.15/dmt for an 80,000 mt JMBF cargo arriving in May on March 31. The premium was short-lived between March 3 to March 31, according to S&P Global Platts data. With the recent surge in steel prices and margins in China, there was a shift in procurement preferences away from iron ore products with ...
Iron ore's most-active January contract on the Singapore Exchange rose as much as 6.7% to $127.95 a tonne, its highest since Oct. 12. The most-traded May contract on China's Dalian Commodity ...
Benchmark iron ore futures in China gained for a fifth straight week, closing nearly 4% higher on Friday, fuelled by restocking demand at steel mills ahead of new year holidays. BEIJING, Dec 24 ...
BI WEEKLY Iron ore stocks at 64 Chinese steel mills by . 2021 5 7 I Iron ore stocks Table 1 Note 1 Lasting days = Total stocks Total daily consumption 2 Avg days is the average of actual consumption days collected from the 64 steel mills under the survey 3 Total stocks of imported sintering fines is the total volume including the tonnage at the plants the ports and on the water.
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