How is iron ore priced? | Financial Times

Volumes on the Dalian exchange have risen from about 100,000 lots a day in 2013 to its current level of between 4m and 6m lots a day, according to …

Trade review: Seaborne ferrous scrap slips off highs but ...

On Jan. 22, Japan-origin HRS 101 scrap offers to China stood at $465-$470/mt CFR Jiangsu, down $15-$20/mt on the week, while major mill Jiangsu Shagang's domestic delivered prices for similar grade Heavy No.3 scrap, was unchanged on the week, at $440/mt on an import parity basis, according to Platts calculations.

Iron ore's brutal collapse under US$100 flags more trouble ...

Iron ore fell below US$100 a metric ton for the first time in 14 months as China's moves to clean up its heavy-polluting industrial sector drive down demand for the steel. Futures prices sank to as low as US$99.50 on the Singapore Exchange and wavered around US$100 through the overnight trading session, which is daytime trading hours in the U ...

China and Japan drag spot iron ore lower | Financial Times

The price of iron ore has slid to a three-month low as China and Japan, the two leading steel producers, have stepped back from the market. Chinese buyers have been hampered by government-imposed ...

Baosteel Steps Away From Talks With Iron Ore Miners

China's biggest steel manufacturer, negotiating on behalf of its large peers, is hard-pressed to negotiate favorable terms for raw material supplies from BHP, Rio Tinto, Vale.

Iron ore export to Japan to continue despite withdrawal …

NMDC is expected to produce around 44 MT iron ore in the current fiscal, up from 33.25 MT in 2020-21. The additional production is set to come from its Karnataka mines which have been closed for a...

Resumptions at mills spur iron ore demand and prices ...

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

Rio Tinto and Japanese partners celebrate 50 years of iron …

Rio Tinto's iron ore business was born on the back of Japanese investment and long-term offtake contracts with the Japanese steel mills in the 1960s. Today Rio Tinto is the largest supplier of iron ore to Japan, shipping over 1.7 billion tonnes to date over the past 50 years.

Iron ore exports: India puts an end to decades-old pacts ...

India has been a regular exporter of iron ore to the Japanese steel mills (since 1963) and Posco, South Korea (since 1973). In the last renewal in 2018, a total of 5.5 million tonne per annum ...

History Wuhan Iron Steel WISCO China company profile

History of Wuhan Iron & Steel. Wuhan Iron & Steel was the 11th largest steelmaker in the world, producing ~26 million tonnes (mt) of steel in 2015. The company was acquired by Baosteel at end-2016, to create the Baowu Iron and Steel Group. The timeline below covers the history of the firm until the point of the takeover by Baosteel.. 1955: Construction of Wuhan iron and steel …

Iron ore price's incredible rebound could be short-lived

Iron ore's incredible rebound could be short-lived. A rebound in the price of iron ore has failed to ignite hopes of a return to the dominance of the steel-making commodity over 2020-21, with ...

Iron ore prices up despite less restocking activity at ...

Iron ore prices up despite less restocking activity at China's ports. Seaborne iron ore prices continued to increase on Friday January 21 amid a bullish outlook for demand after the Lunar New Year holiday, while most mills have finished restocking iron ore at China's ports, market sources said. Key drivers. A market analyst from Hebei ...

Material Matters: LNG, Iron Ore, Coking Coal, Copper And ...

Credit Suisse also cites the 2013 experience but does not expect a similar outcome this time because, if port stocks dry up, mills have no cash to bid up prices. Finance for unprofitable operations is becoming harder to obtain and the broker suspects that instead, demand will simply drop for iron ore as blast furnaces curtail output.

Iron and steel | Japan Metal Bulletin

Jul 01, 2015. Iron and steel. Japan Hot, Cold, Coated Steel Stock Rises by 1.9% to 4.31 Million Tons in May.

Japan Imports of Iron Ore & Concentrates - January 2022 ...

Imports of Iron Ore & Concentrates in Japan decreased to 194879 JPY Million in December from 202761 JPY Million in November of 2021. Imports of Iron Ore & Concentrates in Japan averaged 100547.97 JPY Million from 2014 until 2021, reaching an all time high of 202761 JPY Million in November of 2021 and a record low of 56689.17 JPY Million in May of 2016.

China to import more crude, iron ore in 2013 | Markets ...

Print+Digital (Bundle) Trending UAE holidays 2022 UAE weekend change Golf in UAE MS Talks Gratuity Calculator. Latest News; UAE

Iron ore export to Japan to continue despite withdrawal of ...

To start with, NMDC will look at Japan as its export destination because it has certain level of comfort with the Japanese mills. ... for supplying iron ore to …

Spot market for iron ore may sink contracts

WHAT if they held iron ore negotiations -- to set the terms of an estimated 20 billion worth of trade between Australia and China this year -- and nobody came ... steel mills, prices are soaring ...

Spot market for iron ore may sink contracts

WHAT if they held iron ore negotiations -- to set the terms of an estimated 20 billion worth of trade between Australia and China this year -- and nobody came

Rio Tinto open to Chinese steel makers' price complaints

Rio Tinto says it is open to the evolution of the market-based mechanism used to set the price of iron ore, as China's powerful steel-making industry body demanded miners develop a new pricing ...

Iron ore exports: India puts an end to decades-old pacts ...

The government is understood to have not renewed a long-term agreement (LTA) for supplying iron ore to Japanese steel mills and South Korean major Posco after upon its March expiry, apparently in...

How is iron ore priced? | Financial Times

Iron ore prices have actually only been set on a daily basis ... industry's negotiating position during iron ore pricing talks. ... about 100,000 lots a day in 2013 to its current level of ...

Iron ore price tracks upward momentum in front-month swap ...

Seaborne iron ore prices bucked the downward trend on Tuesday January 18 and tracked an upward movement on the front-month swap contracts, sources told Fastmarkets. Positive macroeconomic policy prompted market sentiment in iron ore futures to turn bullish, but trading at both the Chinese ports and the seaborne market remained limited because ...

Govt approves pacts for export of iron ore to Japan, South ...

MMTC will be supplying iron ore of grade (plus) 64 Fe, or high grade content, to Japanese and Korean steel mills from NMDC's Bailadila mines in Chhattisgarh. It added that the existing policy of single agency operation and exports through MMTC, with trading margin of 2.8 per cent of FOB (free on board) price, shall be continued.

Japan-bound iron ore diverted to China | Metal Bulletin.com

Japan-bound iron ore diverted to China Some iron ore destined for Japan is being diverted to China, said traders in China's Qingdao port, in the first indication that Japanese mills may have asked to defer their raw material supplies or declared force majeure.