iron ore steelhome

Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.

China Isn't Ready for Iron-Ore Deficit, Steelhome's Wu Says. China's steel industry isn't prepared for a looming shortage of iron ore, the metal used to make the building material that last week rose to its highest price in almost five years, according to a prominent industry adviser in China.

Steelhome will supply daily data from its widespread contact base of steel producers and iron ore traders within China. This will be integrated into the Fastmarkets Index methodology in the normal way. Neither Fastmarkets nor Steelhome has any financial interest in …

Supply disruptions limit the expect surplus. After seemingly set for year of significant oversupply, the seaborne iron ore supply growth from the big 4 (Vale, Rio, BHP, Fortescue) is quickly being offset by disruptions from the smaller exporters in the market: Roy Hill will not ramp up as quickly, Anglo's Minos Rio will only ship 3MT, Iron ore canada is on strike, and we also expect exports ...

* Benchmark spot 62% iron ore for delivery to China dipped 1.06% to $93.5 a tonne on Friday, based on data tracked by SteelHome consultancy. It was the lowest since April 26. * The most-active construction steel rebar contract on the Shanghai Futures Exchange, with October 2019 expiry, was up 1.63% at 3,677 yuan a tonne.

SteelHome Morning Express (31 October, 2019) Oct.31 : SteelHome Express: Slack Iron Ore Transactions in Tangshan as Production Restriction Policy Issued: Oct.30 : SteelHome Express: Taiyuan Coking Coal Price Stabilizes Today, But May Be Dropped on Weak Coke Price: Oct.30 : SteelHome Express: Linyi Carbon Structural Steel Decreases on Sparse ...

SteelHome sees usage of imported iron ore is more than 90pct in Tangshan Published on - Dec 18,2014 North Chinese steel mills iron ore restocking intensity is falling - SteelHome Published on ...

Nov 13, 2007· Mike Blue, Randall Graham, Ric Furrer, making steel at Larry Harley's in May 2006. Lecture and Demonstration. Filmed by Christopher Price of The Tidewater Forge. 9 minutes.

Higher iron ore grades boost the furnace's productivity by sparing slag volume in the blast oxygen furnace (less coke/lime usage) as well as demonstrating a higher permeability with the gasses. Rio estimates for every 1% of increased iron ore grade the productivity is 2% higher for the Chinese mills centred in the north.

Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil ".

1 China domestic iron ore is normalized to 65 percent iron concentrates. 2 China imported iron ore is normalized to 62 percent fines. 3 China iron ore Price is the weighted average price of China domestic iron ore, steel mills' captive ore, and China imported iron ore (include spot and contract product) .

The founder of Shanghai Steelhome Information Technology Co. said disruptions will amount to 60 million tons of lost supply this year. The post China isn't ready for iron ore deficit, Steelhome's Wu says appeared first on MINING.com. - This is Ultimate Ne...

Shanghai SteelHome () is dedicated to offering information and consultancy on China steel and raw material industry for international clients. ... Umetal offers a total key for iron ore, ferroalloy, scrap & pig iron, steel, stainless steel and base metal markets, which is the unique service model in Chinese web industry. Not ...