Tag Archives: steel index
After falling below the $60/mt threshold on March 5, last week the prices of 62 percent Fe content iron ore mostly trended sideways with slight declines and closed the week at $58/mt CFR China. Following the U.S. Energy Information Administration’s (EIA) announcement on March 18 of oil stocks being above the expected levels, crude oil […]
Sluggish global demand, increased input costs, improved Chinese performance in the world markets together with the slowdown of local Turkish steel demand and trade protection investigations against Turkish origin steel products resulted in a weaker output performance of the Turkish steel industry in 2014, according to the Turkish Iron and Steel Producers’ Association (TCUD). In […]
Conversations revolving around steel have a tendency to skew toward serious. Market trends, prices, demand outlooks, and end-use news are all valuable to daily business decisions of course, but is there some rule out there that steel can’t ever be fun? Thanks to a Canadian steel structure manufacturer, building with steel might soon get a […]
As of December 22, inventory of iron ore at 33 major Chinese ports amounted to 99.18 million mt, down 3.96 million mt or 3.84 percent compared to the inventory level recorded on December 15, as announced by China’s Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 69 points, down one point week on week. Meanwhile, the Xinhua-China Iron Ore Price […]
What a promising start to 2011! Even though rapidly-rising steel prices have been met with a measure of restraint, and the robust levels of purchasing activity were largely based on inventory restocking, the situation did not necessarily inflate into a bubble as many predicted early in the year.