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03 July 2015
Editor Vera Blei looks at the main news covered by Steel First over the past week.
The benchmark iron ore price saw its biggest daily drop for more than 13 months this week, prompting fears in the market and reminding participants of the record-low price set in early April.
Here are the key numbers in the iron ore market on Friday July 3, at 7pm Singapore time.
Seaborne iron ore prices weakened further on Friday July 3 amid moderate trading activity after the market tumbled a day earlier.
Ukraine-focused iron ore producer Ferrexpo boosted its second-quarter pellet output by 15% year-on-year to 2.93 million tonnes, it said on Friday July 3.
China has granted very large ore carriers (VLOCs) access to four of its ports, the country’s National Development and Reform Commission (NDRC) said on Friday July 3.
China’s steel and steelmaking raw materials futures fell on Friday July 3 as spot iron ore prices saw their biggest daily fall this year.
02 July 2015
The economic signals from China continue to point at lacklustre growth, forcing the government to step up stimulus measures.
Here are the key numbers in the iron ore market on Thursday July 2, as at 7pm Singapore time.
Iron ore exports out of Australia’s Port Hedland reached a record high in June, according to figures released on Thursday July 2 by the Pilbara Ports Authority.
The seaborne iron ore market became more active on Thursday July 2 despite prices for 62% Fe materials falling below $55 per tonne cfr China on trading platforms.
Brazilian mining major Vale’s earnings could reach $2 billion in the second quarter of 2015 on a positive iron ore performance, Itaú BBA analyst Marcos Assumpção said this week.
China’s steel futures surged during early morning trading on Thursday July 2, even as spot steel prices slumped to new lows.
01 July 2015
Brazil's iron ore export volumes increase by 3.4% year-on-year in June, according to the figures released by the country’s foreign trade ministry, MDIC, on Wednesday July 1.
Mexico’s iron ore output dropped by 3.6% year-on-year in April, according to figures released by the country’s statistics agency, Inegi, on Tuesday June 30.
Canada-based Northern Iron Corp is looking for a strategic partner to develop a direct reduction iron (DRI) project in the city of Dryden, in the country’s east-central Ontario province.
The government of Cameroon has agreed to fund the rail and port infrastructure of Sundance Resources’ Mbalam iron ore project in Africa.
Seaborne iron ore prices continued to soften on Tuesday June 30 with market participants withdrawing to the sidelines after the drop a day earlier.
Here are the key numbers in the iron ore market on Wednesday July 1, at 7pm Singapore time.
Atlas Iron has restarted mining operations at its Mount Webber mine in Western Australia’s resource-rich Pilbara region, it said on Wednesday June 1.
The seaborne iron ore concentrate market is showing no signs of recovery in prices and trading volumes with Chinese mills continuing to incur severe losses.
China’s steel and steelmaking raw materials futures were mixed on Wednesday July 1, despite weak economic data and record-low spot prices.
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